NOT LISTED FOR SALE

Estimated Value: $660,037 - $714,000

7 Beds
3 Baths
2,928 Sq Ft
$236/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $368,368 $126 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,424/month

6 Days on Market

About This Home

As of September 2017

Nice Tri-plex from long time owner. large units, last vacancy in 2014, rents way below market. Coin operated laundry included in sale, water heaters replaced 2017. Storage units available for extra rent. Large store room for owner. Mt Rainier View. Stable tenants.
8% Cap Rate with market rents.

Last Listed By

Daniel White

Whitehouse Properties LLC License #18613 Listed on: 08/03/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1160569

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,713

Year Built

  • Built in 1970

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 75x120
  • Corner Lot
  • Property is in average condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Lincoln High School

Community Details

  • Tacoma Land Company Condos
  • Lincoln Subdivision

Listing and Financial Details

  • Legal Lot and Block 18-20 / 8639
  • Assessor Parcel Number 8935014660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,713

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Tacoma Land Company
  • New Construction: No
  • CalculatedSquareFootage: 2928
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Based on Net Price
  • Special Features: None
  • Cumulative Days on Market: 281

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 4155

Schools

  • Junior High Dist: Tacoma
  • High School: Lincoln
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 8935014660
  • Lot Size Acres: 0.2066
  • Lot Size: 75x120
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family
  • LotNumber: 18-20

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2699

Multi Family

  • Gross Scheduled Income: 32388
  • Net Operating Income: 21884
  • Number Of Units Total: 3
  • Insurance Expense: 836
  • Leasable Area: 2804
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3713

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2021
Sold by
Hwa Justin and Hwa Jonathan
Bought by
Empyrean Investment I Llc
Total Days on Market
6
Current Estimated Value
$689,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2021
Sold by
Empyrean Investment I Llc
Bought by
Hwa Justin and Hwa Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2017
Sold by
Hwa Justin
Bought by
Empyrean Investment I Llc

Purchase Details

Listed on
Aug 3, 2017
Closed on
Sep 11, 2017
Sold by
Burris Bruce A
Bought by
Hwa Justin and Hwa Jonathan
Seller's Agent
Daniel White
Whitehouse Properties LLC
List Price
$359,950
Sold Price
$368,368
Premium/Discount to List
$8,418
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%
Original Mortgage
$276,276
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 1994
Sold by
Horst Martha E
Bought by
Burris Bruce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,700
Interest Rate
8.52%
Source: Public Records

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Range of Values:

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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
Empyrean Investment I Llc -- None Available
Hwa Justin -- --
Empyrean Investment I Llc -- None Available
Hwa Justin $368,087 Chicago Title
Burris Bruce A -- Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hwa Justin $271,000
Previous Owner Hwa Justin $276,276
Previous Owner Burris Bruce $225,400
Previous Owner Burris Bruce A $93,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $368,368 +2.3% $126 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
08/04/2017 08/04/17 For Sale $359,950 -- $123 / 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
2024 $6,622 $661,200 $216,700 $444,500
2023 $6,622 $595,100 $203,500 $391,600
2022 $5,981 $637,300 $202,700 $434,600
2021 $5,439 $432,900 $116,900 $316,000
2019 $4,344 $379,800 $101,800 $278,000
2018 $4,403 $334,300 $88,600 $245,700
2017 $3,713 $278,800 $65,400 $213,400
2016 $3,276 $199,700 $47,800 $151,900
2014 $2,899 $188,400 $46,500 $141,900
2013 $2,899 $174,000 $42,500 $131,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1160569

Northwest Multiple Listing Service (NWMLS)

APN: 893501-4660