Listed by COMPASS, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

Estimated Value: $559,000 - $690,000

4 Beds
3 Baths
2,800 Sq Ft
$225/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $616,500 $220 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,993/month

25 Days on Market

Highlights

  • Softwood Flooring
  • No HOA
  • Wood Siding
  • Corner Lot
  • Property is Fully Fenced
  • Mini Split Air Conditioners

About This Home

As of July 2022

This handsome furnished Northwest craftsman is currently a well earning duplex brimming with character, holding court in one of Tacoma's most vibrant neighborhoods, The 6th Ave District. This versatile income property has earned well both as long and short term rentals - and still maintains the potential to easily reconvert into a single family home again by simply removing a door in the stairwell. For now, each unit has two bedrooms and a full bath, laundry hookups, and their own private entrance. The top floor has a ceiling mount mini-split air conditioning unit, main floor enjoys gas forced air. Full footprint basement was once used as a gallery space and has a third bathroom and kitchenette! Limitless possibilites!

Last Agent to Sell the Property

Gavin Gregory

COMPASS License #115443 Listed on: 05/18/2022

COMPASS

Last Buyer's Agent

Sharon Bensin

Windermere Prof Partners License #2731

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1934519

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,385

Year Built

  • Built in 1914

Lot Details

  • 5,000 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Mini Split Air Conditioners
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 489000-025-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,385

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1914
  • Buyer Agency Compensation: 2.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2800
  • Special Features: VirtualTour
  • Cumulative Days on Market: 352

Interior Features

  • Fireplace: No
  • Flooring: Softwood, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Ductless HP-Mini Split, Fir/Softwood, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

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

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: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected, See Remarks
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 800

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 489000-025-0
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas, See Remarks

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.86
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 3456

Multi Family

  • Gross Scheduled Income: 41472
  • Net Operating Income: 28987
  • Number Of Units Total: 2
  • Electric Expense: 1700
  • Insurance Expense: 2200
  • Leasable Area: 2800
  • EnergySource: Electric,Natural Gas,See Remarks
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 1, 2022
Sold by
David Marlow
Bought by
Hastings Patrick and Hastings Krista
Seller's Agent
Gavin Gregory
COMPASS
Buyer's Agent
Sharon Bensin
Windermere Prof Partners
List Price
$575,000
Sold Price
$616,500
Premium/Discount to List
$41,500
7.22%
Current Estimated Value
$637,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,403
Avg. Annual Appreciation
0.38%
Original Mortgage
$493,200
Outstanding Balance
$471,119
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$152,675

Purchase Details

Closed on
Jul 19, 2019
Sold by
Marlow David M and Sokolowski David
Bought by
Marlow David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 24, 2018
Sold by
Oren Leah
Bought by
Sokolowski David
Seller's Agent
Chris Nye
MLS4owners.com
Buyer's Agent
Gavin Gregory
COMPASS
List Price
$360,000
Sold Price
$425,100
Premium/Discount to List
$65,100
18.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$318,825
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 18, 2018
Sold by
Roland James O and Roland Shari A
Bought by
Sokolowski David M
Seller's Agent
Chris Nye
MLS4owners.com
Buyer's Agent
Gavin Gregory
COMPASS
List Price
$360,000
Sold Price
$425,100
Premium/Discount to List
$65,100
18.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,825
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Whitehurst Francis Dan
Bought by
Roland James O and Roland Shari A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,800
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2004
Sold by
Whitehurst Mary D
Bought by
Whitehurst Francis Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.61%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 10, 2002
Sold by
Cit Small Business Lendeing Corp
Bought by
Whitehurst Francis Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2001
Sold by
White Dennis V and White Judith A
Bought by
Cit Small Business Lending Corp
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
Hastings Patrick -- New Title Company Name
Marlow David M -- Fidelity National Title
Sokolowski David -- None Available
Sokolowski David M $424,819 Ticor Title
Roland James O $271,000 Lawyers Title
Whitehurst Francis Dan -- Stewart Title
Whitehurst Francis Dan $128,000 --
Cit Small Business Lending Corp $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hastings Patrick $493,200
Previous Owner Marlow David M $320,000
Previous Owner Sokolowski David M $318,825
Previous Owner Roland James O $216,800
Previous Owner Whitehurst Francis Dan $205,000
Previous Owner Whitehurst Francis Dan $102,400
Closed Whitehurst Francis Dan $25,600
Closed Roland James O $54,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $616,500 +7.2% $220 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $575,000 0.0% $205 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $575,000 +35.3% $205 / Sq Ft
05/29/2018 05/29/18 Sold $425,100 +18.1% $152 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $360,000 -- $129 / 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 $6,007 $581,900 $230,600 $351,300
2024 $6,007 $573,900 $223,900 $350,000
2023 $6,007 $539,800 $208,800 $331,000
2022 $5,385 $574,500 $216,300 $358,200
2021 $5,486 $436,700 $127,300 $309,400
2019 $4,203 $392,300 $102,000 $290,300
2018 $4,418 $323,400 $85,700 $237,700
2017 $3,847 $279,700 $69,100 $210,600
2016 $3,357 $200,700 $52,500 $148,200
2014 $3,017 $193,100 $47,000 $146,100
2013 $3,017 $180,600 $41,500 $139,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1934519

Northwest Multiple Listing Service (NWMLS)

APN: 489000-0250