Listed by Park 52, Inc., Bought with AgencyOne
NOT LISTED FOR SALE

2068 E 56th St Unit 1-4 Tacoma, WA 98404

Eastside Neighborhood

Estimated Value: $834,000 - $861,869

8 Beds
4 Baths
3,100 Sq Ft
$274/Sq Ft Est. Value

Last Sold January 25, 2021

Last sale price $640,000 $206 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,138/month

55 Days on Market

Highlights

  • 0.28 Acre Lot
  • Patio
  • Wood Siding
  • Deck
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of January 2021

Fantastic investment opportunity in Tacoma! Fourplex features 2 bedroom, 1 bath 750 sq ft units. Each kitchen features fridge, oven, dishwasher and dining area. Building features NEW exterior paint, 8 parking spaces and community laundry. 2 units have updated interiors. This is a great investment opportunity in Pierce County near new community center, schools, parks and transportation.

Last Agent to Sell the Property

Carrie Jakeman

Park 52, Inc. License #24297 Listed on: 09/22/2020

Co-Listed By

Paul Jakeman

Park 52, Inc. License #13032

Last Buyer's Agent

Sindhu Jakka

AgencyOne License #134026

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1667172

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,533

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Duncan Manor Condos
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 500344-005-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,533

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Duncan Manor
  • New Construction: No
  • CalculatedSquareFootage: 3100
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

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,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • 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: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 6500

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 500344-005-0
  • Lot Size Acres: 0.2812
  • Lot Size Sq Ft: 12249
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3740

Multi Family

  • Gross Scheduled Income: 43680
  • Net Operating Income: 25373
  • Number Of Units Total: 4
  • Electric Expense: 900
  • Insurance Expense: 1500
  • Leasable Area: 3100
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Jan 14, 2021
Sold by
Island Wave Llc
Bought by
Belagodu Laxminarayana Sanjay and Krishna Swathi Krishna
Seller's Agent
Carrie Jakeman
Park 52, Inc.
Buyer's Agent
Sindhu Jakka
AgencyOne
List Price
$680,000
Sold Price
$640,000
Premium/Discount to List
-$40,000
-5.88%
Current Estimated Value
$847,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,935
Avg. Annual Appreciation
5.69%
Original Mortgage
$480,000
Outstanding Balance
$431,334
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$397,528

Purchase Details

Closed on
Dec 27, 2016
Sold by
Baumann Liana
Bought by
Condurre Llc

Purchase Details

Listed on
May 9, 2016
Closed on
Sep 29, 2016
Sold by
Frumkin Eugene and Frumkin Irina
Bought by
Baumann Liana D and Island Ac Trust
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Steve Baumann
Coldwell Banker Bain
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%

Purchase Details

Closed on
Sep 10, 2008
Sold by
Ap Investments Three Llc
Bought by
Frumkin Eugene and Frumkin Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2006
Sold by
Roth Paul and Roth Adrian
Bought by
Ap Investments Three Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2006
Sold by
2004 Eastside Inc
Bought by
Roth Paul and Roth Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3%
Mortgage Type
Commercial
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
Belagodu Laxminarayana Sanjay $640,000 Rainier Title
Condurre Llc -- Attorneys Title
North Dock Llc -- Attorneys Title
Baumann Liana D $324,719 Attorneys Title
Frumkin Eugene $320,000 Lawyers Title Insurance Corp
Ap Investments Three Llc -- None Available
Roth Paul $385,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belagodu Laxminarayana Sanjay $480,000
Previous Owner Frumkin Eugene $240,000
Previous Owner Roth Paul $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2021 01/25/21 Sold $640,000 -5.9% $206 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $680,000 0.0% $219 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $680,000 +106.1% $219 / Sq Ft
09/30/2016 09/30/16 Sold $330,000 -2.7% $106 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $339,000 0.0% $109 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $339,000 0.0% $109 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $339,000 -- $109 / 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 $7,701 $778,700 $212,800 $565,900
2024 $7,701 $737,600 $204,800 $532,800
2023 $7,701 $692,300 $196,700 $495,600
2022 $7,481 $731,500 $198,200 $533,300
2021 $7,139 $568,500 $123,000 $445,500
2019 $5,651 $482,100 $102,700 $379,400
2018 $5,105 $435,100 $83,400 $351,700
2017 $4,480 $323,300 $65,100 $258,200
2016 $3,919 $245,600 $49,300 $196,300
2014 $3,276 $225,500 $45,000 $180,500
2013 $3,276 $196,900 $40,000 $156,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1667172

Northwest Multiple Listing Service (NWMLS)

APN: 500344-0050