Listed by MacGregor & Forbes LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

3116 N 8th St Unit 3118 Tacoma, WA 98406

North Tacoma Neighborhood

Estimated Value: $749,000 - $771,000

3 Beds
2 Baths
2,338 Sq Ft
$326/Sq Ft Est. Value

Last Sold September 07, 2023

Last sale price $715,000 $306 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,636/month

67 Days on Market

Highlights

  • Mountain View
  • Deck
  • Thermal Windows
  • Stadium High School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

As of September 2023

Handsome building 3 blks from UPS. New roof on main bldg, May 2023, recent exterior paint. Main floor unit has high ceilings, large rooms, pullman-style kitchen w/DW & laundry, big covered porch. It's gas furnace is 4 years old. Lots of charm, long term Tenant. 2nd floor unit: new mini-split in kit, gas wall furnace for rest of unit, laundry, fresh paint, lots of storage and character--ez to rent! Charming ADU on the alley faces yd: very private, nice sized rms, walk-in closet, gas furnace & laundry. Also easy to rent, w/parking just outside the door. Great fully fenced yard with lots of color. Walk to 6th Ave businesses, Proctor. Tenants pay gas/electricity (not W/S/G). All units are on 1 year leases that convert to mo-mo @ expiration.

Last Agent to Sell the Property

Marguerite Mattingly

MacGregor & Forbes LLC License #5281 Listed on: 06/02/2023

Last Buyer's Agent

Aaron Nelson

Skyline Properties, Inc. License #127645

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2076523

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,713

Year Built

  • Built in 1906

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50 x 120
  • Property is Fully Fenced
  • Property is in average condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,338 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Grant Elementary School
  • Hilltop Heritage Middle School
  • Stadium High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Coulter's Condos
  • Ups Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 & 5 / 10
  • Assessor Parcel Number 324500-129-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,713

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1906
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Coulter's
  • New Construction: No
  • CalculatedSquareFootage: 2338
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 407

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition, See Remarks, Torch Down
  • View: Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block, Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 3300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium
  • Middle Or Junior School: Hilltop Heritage Middle

Lot Info

  • Parcel Number: 324500-129-0
  • Lot Size Acres: 0.1377
  • Lot Size: 50 x 120
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,Gas Available,Outbuildings
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 4 & 5

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.76
  • LeasedItems: None
  • TotalMonthlyIncome: 4755

Multi Family

  • Gross Scheduled Income: 57060
  • Net Operating Income: 44057
  • Number Of Units Total: 3
  • Insurance Expense: 1370
  • Leasable Area: 2338
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6713

MLS Schools

  • Elementary School: Grant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Sep 6, 2023
Sold by
Warren Ian
Bought by
Neo Say Jin and Lim Kai Gwendolyn
Seller's Agent
Marguerite Mattingly
MacGregor & Forbes LLC
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$785,000
Sold Price
$715,000
Premium/Discount to List
-$70,000
-8.92%
Views
71
Current Estimated Value
$740,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,660
Avg. Annual Appreciation
1.73%
Original Mortgage
$536,250
Outstanding Balance
$525,590
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$213,496

Purchase Details

Closed on
Jun 26, 2018
Sold by
Nelson Britt and Sds Property Services Llc
Bought by
Warren Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2018
Sold by
Nelson Patrick Mark and Nelson Rolland D
Bought by
Nelson Britt and Barbara Lord Nelson Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2018
Sold by
Nelson Britt
Bought by
Sds Property Services Llc

Purchase Details

Closed on
Jul 23, 2001
Sold by
Nelson Barbara L and Nelson Barbara Lord
Bought by
Nelson Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.21%
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
Neo Say Jin $715,000 Puget Sound Title Company
Warren Ian $444,719 Puget Sound Title
Nelson Britt -- Accommodation
Sds Property Services Llc -- Accommodation
Nelson Britt -- Accommodation
Nelson Barbara -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neo Say Jin $536,250
Previous Owner Warren Ian $354,800
Previous Owner Warren Ian $356,000
Previous Owner Nelson Barbara $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2023 09/07/23 Sold $715,000 -2.0% $306 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $729,950 -4.6% $312 / Sq Ft
07/02/2023 07/02/23 Price Changed $765,500 -2.5% $327 / Sq Ft
06/02/2023 06/02/23 For Sale $785,000 -- $336 / 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 $6,974 $687,000 $355,100 $331,900
2024 $6,974 $682,600 $333,400 $349,200
2023 $6,974 $626,800 $297,100 $329,700
2022 $6,252 $646,800 $341,400 $305,400
2021 $6,055 $482,100 $226,200 $255,900
2019 $5,282 $440,600 $187,800 $252,800
2018 $5,483 $406,700 $166,400 $240,300
2017 $4,740 $347,300 $144,500 $202,800
2016 $4,603 $274,800 $99,600 $175,200
2014 $3,882 $264,900 $93,200 $171,700
2013 $3,882 $240,600 $78,600 $162,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2076523

Northwest Multiple Listing Service (NWMLS)

APN: 324500-1290