Listed by RE/MAX Extra Inc., Bought with The Preview Group
NOT LISTED FOR SALE

Estimated Value: $468,775 - $740,000

6 Beds
2 Baths
2,096 Sq Ft
$284/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $350,000 $167 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,617/month

43 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • High Speed Internet
  • Corner Lot
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

As of February 2018

Great stable duplex w/long time tenant. Positive cash flow. Each unit has 3 bedrooms & 1 full bath. Tile floors throughout one unit. Has W/D hookups. Corner lot w/lots of parking out front. Awesome location, easy access to I-5 and area of newer town homes. Keep it as a money making duplex or Zoning allows development w/up to 7 units like the newer surrounding properties, huge upside potential. Dont bother tenants they do not know its for sale. Easy walk to Tacoma Mall. Possible owner financing.

Last Agent to Sell the Property

Don Goethals

RE/MAX Extra Inc. License #5573 Listed on: 10/02/2017

RE/MAX Extra Inc.

Last Buyer's Agent

Jim Pankiewicz

The Preview Group License #46252

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1201847

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1971

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,096 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890001584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,961

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2096
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2890001584
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 2373

Multi Family

  • Gross Scheduled Income: 28476
  • Net Operating Income: 23591
  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Leasable Area: 2096
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2961

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2017
Closed on
Jan 29, 2018
Sold by
Makayev Alan
Bought by
Lakhani Faraz and Thapa Shanti
Seller's Agent
Don Goethals
RE/MAX Extra Inc.
Buyer's Agent
Jim Pankiewicz
The Preview Group
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$595,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,444
Avg. Annual Appreciation
7.22%
Original Mortgage
$262,500
Outstanding Balance
$222,314
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$373,130

Purchase Details

Closed on
May 9, 2009
Sold by
Bebich Matthew R and Bebich Colleen M
Bought by
Omar Industries

Purchase Details

Closed on
Mar 4, 2005
Sold by
Burris Bruce A
Bought by
Bebich Matthew and Bebich Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2000
Sold by
Keller John J
Bought by
Burris Bruce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
8.73%

Purchase Details

Closed on
Nov 1, 1999
Sold by
Keller John J
Bought by
Keller Norma J
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
Lakhani Faraz $349,719 Chicago Title
Omar Industries $108,651 Chicago Title Insurance Co
Bebich Matthew $274,500 Rainier Title Company
Burris Bruce A $138,444 --
Keller Norma J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Faraz $262,500
Previous Owner Bebich Matthew $274,500
Previous Owner Burris Bruce A $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2018 02/22/18 Sold $350,000 0.0% $167 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $350,000 -- $167 / 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 $5,378 $508,700 $209,800 $298,900
2024 $5,378 $518,300 $202,700 $315,600
2023 $5,378 $483,100 $193,900 $289,200
2022 $4,611 $465,100 $187,200 $277,900
2021 $4,149 $330,000 $102,700 $227,300
2019 $3,557 $310,900 $82,700 $228,200
2018 $3,325 $273,600 $72,200 $201,400
2017 $2,961 $210,400 $53,600 $156,800
2016 $2,451 $163,100 $38,200 $124,900
2014 $2,383 $140,900 $37,000 $103,900
2013 $2,383 $119,200 $34,600 $84,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1201847

Northwest Multiple Listing Service (NWMLS)

APN: 289000-1584