NOT LISTED FOR SALE

Estimated Value: $694,000

8 Beds
4 Baths
3,136 Sq Ft
$221/Sq Ft Est. Value

Last Sold October 17, 2014

Last sale price $244,000 $78 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $4,511/month

189 Days on Market

Highlights

  • 0.15 Acre Lot
  • Deck
  • Property is Fully Fenced
  • Stadium High School Rated A-
  • Corner Lot
  • Wood Siding

About This Home

As of October 2014

Great Income Opportunity/Investment. Wonderful 4-plex on large corner lot, close to downtown Tacoma and all amenities. Long term tenants. Close to UW Campus & Easy Commute Access. (Short Sale).

Last Buyer's Agent

Lynn Lackey

Great NW Real Estate LLC License #24400

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 516678

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,752

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • New Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2016140070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,752

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: *2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • SOCComments: Subject To Lien Holder Approval
  • Special Features: 12
  • Cumulative Days on Market: 345

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 6000

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2016140070
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 24148

Multi Family

  • Gross Scheduled Income: 31408
  • Net Operating Income: 27900
  • Number Of Units Total: 4
  • Leasable Area: 3136
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3752

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2013
Closed on
Oct 13, 2014
Sold by
Lynott Judy
Bought by
Bui Albert
Buyer's Agent
Lynn Lackey
Great NW Real Estate LLC
List Price
$239,900
Sold Price
$244,000
Premium/Discount to List
$4,100
1.71%
Current Estimated Value
$694,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,000
Avg. Annual Appreciation
10.71%
Original Mortgage
$253,775
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2007
Sold by
Padilla Mario and Padilla Elizabeth G
Bought by
Lynott Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2003
Sold by
Long Beverly C
Bought by
Padilla Mario A and Padilla Elizabeth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 9, 2003
Sold by
Boers John
Bought by
Long Beverly

Purchase Details

Closed on
Nov 13, 1998
Sold by
Pederson Dan J
Bought by
Pederson Tim J and Pederson Debbie K
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bui Albert $243,719 Ticor
Lynott Judy $415,000 Lawyers Title Agency Of Sout
Padilla Mario A $285,000 Lawyers Title Agency Of Sout
Long Beverly $165,000 --
Pederson Tim J $33,256 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rainer Ventures Llc $4,700,000
Closed Rainer Ventures Llc $2,284,000
Closed Rainer Ventures Llc $1,400,000
Closed Rainer Ventures Llc $1,500,000
Closed Bui Albert $51,140
Closed Bui Albert $253,500
Closed Bui Albert $253,775
Previous Owner Lynott Judy $12,500
Previous Owner Lynott Judy $83,000
Previous Owner Lynott Judy $290,500
Previous Owner Padilla Mario A $210,000
Previous Owner Padilla Mario A $60,000
Previous Owner Padilla Mario A $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2014 10/17/14 Sold $244,000 +1.7% $78 / Sq Ft
01/21/2014 01/21/14 Pending -- -- --
07/15/2013 07/15/13 For Sale $239,900 -- $76 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,136 $903,900 $239,800 $664,100
2024 $8,136 $821,700 $232,700 $589,000
2023 $8,136 $731,500 $220,400 $511,100
2022 $7,345 $754,300 $222,000 $532,300
2021 $6,511 $518,400 $114,900 $403,500
2019 $5,352 $441,600 $91,400 $350,200
2018 $5,203 $412,100 $80,100 $332,000
2017 $4,448 $329,500 $57,800 $271,700
2016 $3,685 $226,800 $40,500 $186,300
2014 $3,752 $212,000 $41,700 $170,300
2013 $3,752 $201,200 $41,700 $159,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 516678

Northwest Multiple Listing Service (NWMLS)

APN: 201614-0070