Listed by HDN Real Estate, Bought with Better Properties UP/Fircrest
NOT LISTED FOR SALE

Estimated Value: $714,451

-- Bed
-- Bath
3,238 Sq Ft
$221/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $680,000 $210 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,529/month

20 Days on Market

Highlights

  • No HOA
  • Gated Home
  • Wood Siding
  • Ceramic Tile Flooring

About This Home

As of March 2022

Location, Location! Great opportunity to purchase this Investment Mixed-Use/Live-Work 3,238SF building, 5,750SF Parcel, Zone NC for Biz/Retails/Office, located next to corner lot on 99th & Portland Ave, in the heart of Midland, with 26K+VPD, minutes to Hwy 512. The property is 100% occupied with 2 long term rental tenants and a well-known biz parlor. The building has fully fence, secured gate, well maintained with 7 parking lots in front, RV parking, concrete driveway, nice yard play ground, & a large shed for extra income in rear, All units are remodeled & updated. Current rents are much below market rent, with highly rent demand in the area, it has plenty of room to increase income. Double list# 1873176, please come and See.

Last Agent to Sell the Property

Hau Nguyen

HDN Real Estate License #26780 Listed on: 12/17/2021

Co-Listed By

Jaron Witsoe

COMPASS License #124950

Last Buyer's Agent

Thomas Meas

Better Properties UP/Fircrest License #113536

Better Properties UP/Fircrest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1873178

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,875

Year Built

  • Built in 1918

Lot Details

  • 5,750 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,238 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Schools

  • Franklin-Pierce High School

Community Details

  • No Home Owners Association
  • Parkland Subdivision

Listing and Financial Details

  • Legal Lot and Block 23-26 / 49
  • Assessor Parcel Number 7745001660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,875

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • Buyer Agency Compensation: 3.0%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3238
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Full BBC, thanks for working with us.
  • Special Features: None
  • Cumulative Days on Market: 471

Interior Features

  • Possible Use: Commercial, Multi-Family, Office, Retail
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecurityGate, PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County Sewer
  • WaterCompany: TPU
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Franklin-Pierce High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7745001660
  • Lot Size Acres: 0.132
  • Lot Size Sq Ft: 5750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gated Entry
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,Office,Retail
  • LotNumber: 23-26

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 5
  • LeasedItems: None
  • TotalMonthlyIncome: 3850

Multi Family

  • Gross Scheduled Income: 46200
  • Net Operating Income: 37025
  • Number Of Units Total: 3
  • Insurance Expense: 1900
  • Leasable Area: 3238
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4875

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Jan 26, 2022
Sold by
Nguyen Huey Q and Nguyen Rose T
Bought by
Al-Kaabi Businesses And Properties Llc
Seller's Agent
Hau Nguyen
HDN Real Estate
Buyer's Agent
Thomas Meas
Better Properties UP/Fircrest
List Price
$710,000
Sold Price
$680,000
Premium/Discount to List
-$30,000
-4.23%
Current Estimated Value
$714,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,451
Avg. Annual Appreciation
0.35%
Original Mortgage
$476,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2019
Sold by
Emerson Stacy Dee
Bought by
Nguyen Huey Q and Nguyen Rose T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 2, 2008
Sold by
Fow Enterprises Inc
Bought by
Emerson Stacy Dee

Purchase Details

Closed on
Dec 15, 1997
Sold by
Fow Enterprises Inc
Bought by
Emerson Stacy Dee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Al-Kaabi Businesses And Properties Llc $679,719 First American Title
Nguyen Huey Q $333,000 First American Title Company
Emerson Stacy Dee -- None Available
Emerson Stacy Dee $119,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Al-Kaabi Businesses And Properties Llc $476,000
Previous Owner Nguyen Huey Q $213,000
Previous Owner Emerson Stacy Dee $10,000
Previous Owner Emerson Stacy Dee $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $680,000 -4.2% $210 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $710,000 0.0% $219 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $710,000 -- $219 / 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 $7,726 $576,200 $91,200 $485,000
2024 $7,726 $548,700 $82,900 $465,800
2023 $7,726 $548,700 $82,900 $465,800
2022 $4,897 $311,900 $82,900 $229,000
2021 $4,875 $282,900 $72,100 $210,800
2019 $3,013 $164,200 $43,900 $120,300
2018 $3,517 $149,200 $41,800 $107,400
2017 $3,390 $149,200 $41,800 $107,400
2016 $3,318 $135,400 $41,800 $93,600
2014 $3,324 $135,400 $41,800 $93,600
2013 $3,324 $135,300 $38,600 $96,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1873178

Northwest Multiple Listing Service (NWMLS)

APN: 774500-1660