Listed by Windermere Abode, Bought with CENTURY 21 Real Estate Center
NOT LISTED FOR SALE

Estimated Value: $497,873 - $607,000

4 Beds
3 Baths
2,136 Sq Ft
$266/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $402,000 $188 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,520/month

13 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • 1-Story Property
  • Wood Flooring

About This Home

As of July 2020

Corner lot, single-level duplex with high income potential. Newly updated with mid-century charm. Quick access to I-5, the Sounder Train, Wapato Park & bustling business district of South Tacoma Way highlight the depth and diversity of one of Tacoma's most underrated communities. Below-market rents mask the more than 8% cap rate and long-term investment upside. Both units come with new appliances, paint, flooring, electric panels and large open living space. Your next turn-key investment is here

Last Agent to Sell the Property

Jenny Wetzel

Windermere Abode License #21014167 Listed on: 05/14/2020

Windermere Abode

Last Buyer's Agent

Jamie Smith

CENTURY 21 Real Estate Center License #76918

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1596243

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,118

Year Built

  • Built in 1959

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 75'x121'
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,136 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7770100720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,118

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1959
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2136
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 1000

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7770100720
  • Lot Size Acres: 0.2066
  • Lot Size: 75'x121'
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 31
  • LeasedItems: None
  • TotalMonthlyIncome: 1550

Multi Family

  • Gross Scheduled Income: 18600
  • Net Operating Income: 13640
  • Number Of Units Total: 2
  • Electric Expense: 960
  • Insurance Expense: 1200
  • Leasable Area: 2136
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4118

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Jul 16, 2020
Sold by
Addy Yakeisha Q and Peterkin Lacelle L
Bought by
Peterkin Lacelle L
Seller's Agent
Jenny Wetzel
Windermere Abode
Buyer's Agent
Jamie Smith
CENTURY 21 Real Estate Center
List Price
$425,000
Sold Price
$402,000
Premium/Discount to List
-$23,000
-5.41%
Current Estimated Value
$568,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,218
Avg. Annual Appreciation
6.85%
Original Mortgage
$411,246
Outstanding Balance
$365,342
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$202,876

Purchase Details

Listed on
May 14, 2020
Closed on
Jul 1, 2020
Sold by
Poulsen Madaline
Bought by
Peterkin Lascelle L
Seller's Agent
Jenny Wetzel
Windermere Abode
Buyer's Agent
Jamie Smith
CENTURY 21 Real Estate Center
List Price
$425,000
Sold Price
$402,000
Premium/Discount to List
-$23,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,246
Outstanding Balance
$365,342
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$202,876

Purchase Details

Closed on
Aug 3, 1995
Sold by
Brawdy Ruth A and Akers John
Bought by
Poulsen Madaline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,200
Interest Rate
7.63%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Peterkin Lacelle L -- Chicago Title
Peterkin Lascelle L $402,000 Chicago Title
Poulsen Madaline $137,261 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterkin Lascelle L $411,246
Previous Owner Poulsen Madaline $106,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2020 07/22/20 Sold $402,000 -5.4% $188 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $425,000 -- $199 / 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 $6,078 $560,400 $224,300 $336,100
2024 $6,078 $585,100 $216,700 $368,400
2023 $6,078 $546,200 $207,300 $338,900
2022 $5,124 $516,500 $202,700 $313,800
2021 $4,774 $379,900 $111,200 $268,700
2019 $4,118 $365,500 $89,600 $275,900
2018 $4,180 $316,900 $78,200 $238,700
2017 $3,760 $264,600 $58,900 $205,700
2016 $3,093 $204,700 $41,900 $162,800
2014 $2,947 $177,900 $40,600 $137,300
2013 $2,947 $152,000 $38,000 $114,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1596243

Northwest Multiple Listing Service (NWMLS)

APN: 777010-0720