Listed by John L. Scott, Inc, Bought with Windermere Real Estate/M2, LLC
NOT LISTED FOR SALE

2076 E 56th St Unit E1-E4 Tacoma, WA 98404

Eastside Neighborhood

Estimated Value: $1,051,832 - $1,212,000

12 Beds
8 Baths
4,076 Sq Ft
$278/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $408,000 $100 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $6,748/month

6 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of October 2016

You will not find a better deal in town! You will be getting a cap rate of 9.5% with actual rent numbers right now with room to increase your income. Recently updated, income producing property. Rare 3 bed 2 bath large 1,000 sq ft units. Close to amenities, shopping, parks and schools. Never vacant, great tenants that care about the building and would like to stay. Call your agent today before it's gone tomorrow.

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 10/03/2016

John L. Scott, Inc

Last Buyer's Agent

Jen Hudson

Windermere Real Estate/M2, LLC License #23961

Windermere Real Estate/M2, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1036982

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • Built in 1986

Lot Details

  • 10,577

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,076 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 10,577 Sq Ft Lot
  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5003440080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

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: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4076
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • 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
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 7200

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5003440080
  • Lot Size Acres: 0.2428
  • Lot Size Sq Ft: 10577
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 4150

Multi Family

  • Gross Scheduled Income: 49800
  • Net Operating Income: 36236
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 4076
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 5164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Song Minn Bhu and Song Younghee
Bought by
Manangi Suhas Jayappa and Manjunatha Ashwini Koppel
Current Estimated Value
$1,131,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,750
Outstanding Balance
$711,486
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$390,035

Purchase Details

Closed on
Aug 21, 2019
Sold by
Greger Amy and Greger Wiktor
Bought by
Song Minn Bhu and Song Young Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2016
Closed on
Oct 27, 2016
Sold by
Xen Elo
Bought by
Greger Amy and Greger Wiktor
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Jen Hudson
Windermere Real Estate/M2, LLC
List Price
$378,000
Sold Price
$408,000
Premium/Discount to List
$30,000
7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.78%

Purchase Details

Closed on
May 4, 2015
Sold by
Coda Investments Llc
Bought by
Not Provided Elo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2011
Sold by
Wagner Dana
Bought by
Coda Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2011
Sold by
Adesoye Ferguson and Adesoye Sherifat
Bought by
Wagner Dana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2011
Sold by
Wagner Karin
Bought by
Wagner Dana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2005
Sold by
2004 Eastside Inc
Bought by
Adesoye Ferguson and Adesoye Sherifat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.5%
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
Manangi Suhas Jayappa $965,000 Old Republic Title
Song Minn Bhu $725,000 Stewart Title
Greger Amy $407,719 Fidelity National Title
Not Provided Elo $357,960 Cw Title
Coda Investments Llc -- None Available
Wagner Dana K $245,000 Attorneys Title Of Washingto
Wagner Dana A -- Attorneys Title Of Washingto
Adesoye Ferguson $415,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manangi Suhas Jayappa $723,750
Previous Owner Song Minn Bhu $275,000
Previous Owner Not Provided Elo $267,000
Previous Owner Wagner Dana K $183,750
Previous Owner Adesoye Ferguson $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $408,000 +7.9% $100 / Sq Ft
10/10/2016 10/10/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $378,000 -- $93 / 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 $8,958 $932,900 $206,500 $726,400
2024 $8,958 $878,700 $198,700 $680,000
2023 $8,958 $805,500 $190,900 $614,600
2022 $9,013 $877,500 $191,200 $686,300
2021 $8,689 $692,200 $118,700 $573,500
2019 $6,785 $582,200 $99,100 $483,100
2018 $6,361 $522,600 $80,400 $442,200
2017 $5,594 $403,000 $62,400 $340,600
2016 $3,831 $248,200 $47,300 $200,900
2014 $3,761 $220,400 $43,200 $177,200
2013 $3,761 $226,800 $38,400 $188,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1036982

Northwest Multiple Listing Service (NWMLS)

APN: 500344-0080