Listed by Keller Williams Realty PS, Bought with Sagareus Real Estate
NOT LISTED FOR SALE

Estimated Value: $807,864 - $914,000

8 Beds
4 Baths
3,176 Sq Ft
$271/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $630,000 $198 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,403/month

4 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet
  • Thermal Windows

About This Home

As of December 2020

Time for longterm landlord to retire! Easy & quick to rent fourplex w/great access to I-5. Nearly identical fourplex at 3307 Asotin is also available in MLS 1663885. All 2 bed/1bath units w/washer/dryer in unit. Solid tenants, newer roof & appliances, low maintenance property. Very competitive CAP rate of 5.7%. Units have neutral colored walls, flooring, counter tops, & cabinets. Enjoy shopping and dining at the nearby Lincoln District or downtown Tacoma. Alley & off-street parking.

Last Agent to Sell the Property

Juli Anne Gibson

Keller Williams Realty PS Listed on: 09/17/2020

Keller Williams Realty PS

Last Buyer's Agent

Alex Chang

Sagareus Real Estate License #124993

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1663887

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,656

Year Built

  • Built in 1979

Lot Details

  • 6,050 Sq Ft Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 3,176 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Reed Elementary School
  • Giaudrone Mid Sch Middle School
  • Lincoln High School

Utilities

  • Cable TV Available

Community Details

  • Chandlers Replat Condos
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 298000-066-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,656

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Chandlers Replat
  • New Construction: No
  • CalculatedSquareFootage: 3176
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Pd on Seller Net(PP minus Seller pd CCs)
  • Special Features: None
  • Cumulative Days on Market: 344

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

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
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 5955

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma
  • High School: Lincoln High
  • Middle Or Junior School: Giaudrone Mid Sch

Lot Info

  • Parcel Number: 298000-066-2
  • Lot Size Acres: 0.1389
  • Lot Size: 66' x 108' Approximately
  • Lot Size Sq Ft: 6050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Retail

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3950

Multi Family

  • Gross Scheduled Income: 47400
  • Net Operating Income: 35398
  • Number Of Units Total: 4
  • Insurance Expense: 1391
  • Leasable Area: 3176
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4656

MLS Schools

  • Elementary School: Reed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Dec 29, 2020
Sold by
Harrison Steven A and Harrison Tina M
Bought by
Litvack Zachary N and Litvack Jamie
Seller's Agent
Juli Anne Gibson
Keller Williams Realty PS
Buyer's Agent
Alex Chang
Sagareus Real Estate
List Price
$625,000
Sold Price
$630,000
Premium/Discount to List
$5,000
0.8%
Current Estimated Value
$868,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,594
Avg. Annual Appreciation
4.45%
Original Mortgage
$472,500
Outstanding Balance
$423,563
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$346,531

Purchase Details

Closed on
Feb 4, 2009
Sold by
Backman Christopher and Backman Mareesha
Bought by
Harrison Steven A and Harrison Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.01%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2006
Sold by
Dinh Phuc S and Vu Trang T
Bought by
Backman Christopher and Backman Mareesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
8.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2004
Sold by
Good Neighbor Property Llc
Bought by
Dinh Phuc S and Vu Trang T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,400
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2002
Sold by
Wilson Scott
Bought by
Good Neighbor Properties Llc

Purchase Details

Closed on
Jul 29, 2002
Sold by
Sheridan James Mchugh
Bought by
Wilson Scott and Lalani Yasmeen

Purchase Details

Closed on
Feb 16, 2000
Sold by
Emc Mtg Corp
Bought by
Sheridan James Mchugh

Purchase Details

Closed on
Oct 19, 1999
Sold by
Imc Mtg Company
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Oct 18, 1999
Sold by
Murray R Gerry
Bought by
Imc Mtg Company

Purchase Details

Closed on
Mar 25, 1998
Sold by
Evans Richard P
Bought by
Murray R Gerry
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
Litvack Zachary N $630,000 Cw Title
Harrison Steven A $260,000 Ticor
Backman Christopher $363,160 Transnation Title
Dinh Phuc S $240,500 Lawyers Title
Good Neighbor Properties Llc -- --
Wilson Scott $185,500 Chicago Title
Sheridan James Mchugh $85,000 Fidelity National Title
Emc Mtg Corp $93,128 Fidelity National Title
Imc Mtg Company $75,000 --
Murray R Gerry $174,509 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Litvack Zachary N $472,500
Previous Owner Harrison Steven A $195,000
Previous Owner Backman Christopher $345,000
Previous Owner Backman Christopher $18,158
Previous Owner Dinh Phuc S $192,400
Previous Owner Wilson Scott $148,400
Previous Owner Murray R Gerry $103,500
Closed Murray R Gerry $26,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $630,000 +0.8% $198 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $625,000 -- $197 / 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 $7,769 $788,700 $206,700 $582,000
2024 $7,769 $775,200 $199,800 $575,400
2023 $7,769 $698,400 $187,600 $510,800
2022 $7,027 $716,600 $183,900 $532,700
2021 $6,607 $526,100 $106,100 $420,000
2019 $4,656 $452,400 $92,400 $360,000
2018 $4,854 $358,400 $80,400 $278,000
2017 $4,202 $307,400 $58,400 $249,000
2016 $3,602 $221,800 $42,600 $179,200
2014 $3,192 $207,200 $41,500 $165,700
2013 $3,192 $191,400 $38,000 $153,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1663887

Northwest Multiple Listing Service (NWMLS)

APN: 298000-0662