Listed by HDN Real Estate, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $712,615

Studio
-- Baths
3,238 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: March 17, 2022

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

Est. 5% increase in value since last sale

Current estimated payment $4,557 / mo

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

COMPASS License #113536

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1873178

Northwest Multiple Listing Service (NWMLS)

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

Parking

  • Open Parking

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

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

5,750 Sq Ft Lot

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
  • Structure Type: Triplex
  • CalculatedSquareFootage: 3238
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Full BBC, thanks for working with us.
  • Special Features: None

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

Garage/Parking

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

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

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4875

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Hau Nguyen
HDN Real Estate
Buyer's Agent
Thomas Meas
COMPASS
List Price
$710,000
Sold Price
$680,000
Premium/Discount to List
-$30,000
-4.23%
Current Estimated Value
$712,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,615
Avg. Annual Appreciation
1.14%
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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Midland, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $476,000
Previous Owner Nguyen Huey Q $213,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1873178

Northwest Multiple Listing Service (NWMLS)

APN: 774500-1660

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