Listed by Windermere Abode, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $508,234 - $607,000

4 Beds
2 Baths
1,560 Sq Ft
$362/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $510,000 $327 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,514/month

3 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 2-minute walk to Edna Travis Park
  • Stadium High School Rated A-
  • 1-Story Property

About This Home

As of May 2021

Already leased at nearly a 6% cap rate, you’ll like investing in Tacoma. With a mix of original wood floors, tile, and vinyl planks; both units have been well maintained and updated over the last couple of years. Both the front & back units include: 2 ample bedrooms, 1 bathroom, updated kitchen, 1 car garage, a balcony for the front unit & yard space for the back. Fully equipped: all kitchen appliances + 2 washers and 2 dryers stay with the property. Near to breweries, restaurants, UW Tacoma, the light rail, and all that downtown Tacoma has to offer. This central location & cute style makes for easy rental marketability and virtually no vacancies. Make this cash flowing duplex your next (or first) investment property!

Last Agent to Sell the Property

Jessica Knicely

Windermere Abode License #105814 Listed on: 03/30/2021

Windermere Abode

Co-Listed By

Ryan Knicely

Windermere Abode License #116194

Last Buyer's Agent

Aaron Nelson

Skyline Properties, Inc. License #127645

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1748800

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,243

Year Built

  • Built in 1969

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • New Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 202418-005-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,243

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1560
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 202418-005-0
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2925

Multi Family

  • Gross Scheduled Income: 35100
  • Net Operating Income: 26357
  • Number Of Units Total: 2
  • Insurance Expense: 900
  • Leasable Area: 1560
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
May 5, 2021
Sold by
Oehler Colin and Barnett Madeline
Bought by
Alavala Sreedhar and Pitchela Sravani
Seller's Agent
Jessica Knicely
Windermere Abode
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$450,000
Sold Price
$510,000
Premium/Discount to List
$60,000
13.33%
Current Estimated Value
$564,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,809
Avg. Annual Appreciation
1.95%
Original Mortgage
$382,500
Outstanding Balance
$348,111
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$206,190

Purchase Details

Listed on
Mar 19, 2019
Closed on
Apr 24, 2019
Sold by
United States Of America
Bought by
Oehler Colin and Barnett Madeline
Seller's Agent
Jeremy Silver
Fathom Realty WA LLC
Buyer's Agent
Jessica Knicely
Windermere Abode
List Price
$253,000
Sold Price
$320,000
Premium/Discount to List
$67,000
26.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.10%

Purchase Details

Closed on
Feb 17, 2015
Sold by
Best David W and Best Mary A
Bought by
Qh Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2014
Sold by
Best Helen I
Bought by
Best David W and Best Mary A

Purchase Details

Closed on
Oct 4, 2008
Sold by
Best Larry R and Best Helen I
Bought by
Best Helen I
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
Alavala Sreedhar $510,000 Chicago Title Company Of Wa
Oehler Colin $320,000 Ticor Title
Qh Group Llc $92,419 Fidelity National Title
Best David W -- None Available
Best Helen I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alavala Sreedhar $382,500
Previous Owner Barnett Madeline R $320,000
Previous Owner Qh Group Llc $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $510,000 +13.3% $327 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $450,000 +40.6% $288 / Sq Ft
05/09/2019 05/09/19 Sold $320,000 +26.5% $205 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $253,000 -- $162 / 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 $5,304 $554,500 $235,900 $318,600
2024 $5,304 $524,700 $228,900 $295,800
2023 $5,304 $476,500 $216,800 $259,700
2022 $4,607 $495,100 $217,700 $277,400
2021 $4,243 $337,500 $112,700 $224,800
2019 $8 $285,800 $89,600 $196,200
2018 $3,425 $240,300 $78,500 $161,800
2017 $2,954 $216,700 $56,500 $160,200
2016 $2,526 $152,500 $39,600 $112,900
2014 $2,453 $145,200 $40,800 $104,400
2013 $2,453 $132,200 $40,800 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1748800

Northwest Multiple Listing Service (NWMLS)

APN: 202418-0050