Listed by Contrada Properties, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

Estimated Value: $134,000 - $341,000

0.11 Acre
$2,432,140 Price per Acre
4,598 Sq Ft Lot

Last Sold May 06, 2022

Last sale price $275,000

Est. 12% decrease in value since last sale

Current estimated payment $1,493/month

19 Days on Market

Highlights

  • Corner Lot
  • Stadium High School Rated A-
  • No HOA

About This Lot

As of May 2022

Zoned DR Downtown Residential, mid-rise high density 90 ft height limit. Owner has plans and pre-app for 8 unit apartment (2 fourplex) layout, also has 12 year property tax abatement approved by Tacoma City council for this project. Previous owner had in for permits for a 4 unit townhome development but never completed. Zoning allows for even higher density and other options as well, site is 1 block from the Tacoma Town Center Development, under way now.

Last Agent to Sell the Property

Christopher Leighton

Contrada Properties License #21002426 Listed on: 04/15/2022

Last Buyer's Agent

Michiko Caampued

Best Choice Realty LLC License #135815

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1912015

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,280

Lot Details

  • 4,598 Sq Ft Lot
  • Lot Dimensions are 38 x 121
  • Corner Lot
  • Sloped Lot
  • Zoning described as DR

Utilities

  • Sewer in Street

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2805000390

Property Details

Property Type

Land

Est. Annual Taxes

$1,280

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: No Restrictions
  • Special Features: None
  • Cumulative Days on Market: 1,202

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: In Street
  • Water Source: In Street
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: In Street
  • GasStatus: In Street

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2805000390
  • Topography: Sloped
  • Lot Size Acres: 0.1056
  • Lot Size: 38 x 121
  • Lot Size Sq Ft: 4598
  • Zoning Description: DR
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: survey
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • SlopeComment: East

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2025
Sold by
Northwest Development Of Seattle Inc
Bought by
Jmt Development Llc
Current Estimated Value
$242,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,387
Outstanding Balance
$495,288
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
-$253,834

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 3, 2022
Sold by
2302 S G St Llc
Bought by
Northwest Development Of Seattle Corporation
Seller's Agent
Christopher Leighton
Contrada Properties
Buyer's Agent
Michiko Caampued
Best Choice Realty LLC
List Price
$349,950
Sold Price
$275,000
Premium/Discount to List
-$74,950
-21.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.91%

Purchase Details

Closed on
Jul 6, 2020
Sold by
Veristone Fund I Llc
Bought by
2302 S G St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2020
Sold by
2302 S G St Townhomes Llc
Bought by
Veristone Fund I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2015
Closed on
Nov 8, 2016
Sold by
Samuels Hector and Samuels Jennifer L
Bought by
2302 S G St Townhomes Llc
Seller's Agent
Carol Peoples-Procter
COMPASS
Buyer's Agent
Eric Frank
5 Corners Realty LLC
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$60,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 1997
Sold by
General Assembly & Church Of The First B
Bought by
Samuels Hector and Samuels Jennifer L
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
Jmt Development Llc -- None Listed On Document
Northwest Development Of Seattle Corporation -- Nextitle
2302 S G St Llc $90,000 Equity Title Of Wa Llc
Veristone Fund I Llc $88,428 Accommodation
2302 S G St Townhomes Llc $119,719 Fidelity National Title
Samuels Hector -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmt Development Llc $497,387
Previous Owner Leighton Chris $390,000
Previous Owner 2302 S G St Llc $47,000
Previous Owner 2302 S G St Townhomes Llc $85,191
Previous Owner 2302 S G Street Townhomes Llc $79,470
Previous Owner 2302 S G St Townhomes Llc $222,000
Previous Owner 2302 S G St Townhomes Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $275,000 -21.4% --
05/04/2022 05/04/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $349,950 0.0% --
04/20/2022 04/20/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $349,950 +191.6% --
11/08/2016 11/08/16 Sold $120,000 -4.0% --
10/17/2016 10/17/16 Pending -- -- --
03/09/2015 03/09/15 For Sale $125,000 -- --
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 $1,875 $182,700 $182,700 --
2024 $1,875 $177,300 $177,300 --
2023 $1,875 $167,900 $167,900 $0
2022 $1,280 $157,300 $157,300 $0
2021 $1,031 $81,400 $81,400 $0
2019 $744 $64,800 $64,800 $0
2018 $812 $56,700 $56,700 $0
2017 $684 $51,000 $51,000 $0
2016 $644 $35,800 $35,800 $0
2014 $650 $36,800 $36,800 $0
2013 $650 $36,800 $36,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1912015

Northwest Multiple Listing Service (NWMLS)

APN: 280500-0390