Listed by Better Properties UP/Fircrest
NOT LISTED FOR SALE

Estimated Value: $903,804 - $912,000

8 Beds
4 Baths
3,176 Sq Ft
$286/Sq Ft Est. Value

Last Sold December 08, 2015

Last sale price $318,000 $100 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $5,485/month

42 Days on Market

Highlights

  • Ceramic Tile Flooring
  • High Speed Internet
  • Wood Siding

About This Home

As of December 2015

Does the idea of owning and living mortgage free interest you? You are the superintendent of this nicely kept and updated four-plex. Investors, look at the numbers and the CAP/GRM. All of the units have been upgraded in the past two - three years, including many of the appliances. Moments off I-5, this well located four-plex is close to the Tacoma Mall and all of the nearby Mall amenities.

Last Agent to Sell the Property

JR Poulsen

Better Properties UP/Fircrest License #84023 Listed on: 09/10/2015

Better Properties UP/Fircrest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 843302

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,602

Year Built

  • Built in 1979

Lot Details

  • 6,050 Sq Ft Lot

Home Design

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

Interior Spaces

  • 3,176 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lincoln Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2980000664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,602

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: *** 3% ***
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3176
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 383

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilites
  • WaterCompany: Tacoma Public Utilites
  • WaterSewerGarbage: 4041

Schools

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

Lot Info

  • Parcel Number: 2980000664
  • Lot Size Acres: 0.1389
  • Lot Size Sq Ft: 6050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 37850

Multi Family

  • Gross Scheduled Income: 37860
  • Net Operating Income: 25031
  • Number Of Units Total: 4
  • Insurance Expense: 2894
  • Leasable Area: 3176
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3602

MLS Schools

  • Elementary School: Reed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2020
Sold by
Madhavaneni Srikar and Kalakuntla Sravani
Bought by
Abburi Srinivasa Rao and Pemmasani Anantha Lakshmi
Current Estimated Value
$882,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,875
Outstanding Balance
$431,725
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$443,798

Purchase Details

Closed on
Aug 2, 2018
Sold by
Boymatov Isroil and Boymatov Christine
Bought by
Madhavaneni Srikar and Kalakuntla Shravani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2015
Closed on
Dec 8, 2015
Sold by
Os Holdings Llc
Bought by
Boymatov Isroil and Boymatov Christine
Seller's Agent
JR Poulsen
Better Properties UP/Fircrest
List Price
$325,000
Sold Price
$318,000
Premium/Discount to List
-$7,000
-2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$312,240
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2011
Sold by
Savage David R
Bought by
Os Holdings Llc

Purchase Details

Closed on
Apr 18, 2005
Sold by
Savage Kim J
Bought by
Savage David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,400
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2003
Sold by
Hedrick Ryan T
Bought by
Asotin Place Properties Inc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Tacoma Pierce Properties Llc
Bought by
Hedrick Ryan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2003
Sold by
Wilson Brian P
Bought by
Tacoma Pierce Properties Llc

Purchase Details

Closed on
Nov 15, 2002
Sold by
Benson Shawn
Bought by
Wilson Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
4.88%
Mortgage Type
Commercial
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
Abburi Srinivasa Rao -- First American Title Ins Co
Madhavaneni Srikar $519,719 Ticor Title
Boymatov Isroil $317,719 Fidelity National Title
Os Holdings Llc $220,000 First American Title Insuran
Savage David R -- Stewart Title
Savage David R $353,000 Stewart Title
Asotin Place Properties Inc -- Stewart Title
Hedrick Ryan T $255,000 Stewart Title
Tacoma Pierce Properties Llc -- --
Wilson Brian P $195,000 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abburi Srinivasa Rao $481,875
Previous Owner Madhavaneni Srikar $360,000
Previous Owner Madhavaneni Srikar $390,000
Previous Owner Boymatov Isroil $307,180
Previous Owner Boymatov Isroil $312,240
Previous Owner Savage David R $282,400
Previous Owner Hedrick Ryan T $204,000
Previous Owner Wilson Brian P $152,000
Closed Hedrick Ryan T $51,000
Closed Savage David R $52,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2015 12/08/15 Sold $318,000 -2.2% $100 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $325,000 -- $102 / 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 $7,853 $802,100 $206,700 $595,400
2024 $7,853 $783,800 $199,800 $584,000
2023 $7,853 $706,000 $187,600 $518,400
2022 $7,108 $724,700 $183,900 $540,800
2021 $6,665 $530,700 $106,100 $424,600
2019 $4,656 $456,400 $92,400 $364,000
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: 843302

Northwest Multiple Listing Service (NWMLS)

APN: 298000-0664