Listed by Windermere Abode, Bought with Upside Properties
NOT LISTED FOR SALE

Estimated Value: $490,000 - $630,000

4 Beds
3 Baths
2,132 Sq Ft
$268/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $495,000 $232 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,498/month

14 Days on Market

Highlights

  • Territorial View
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • Patio
  • Wood Siding

About This Home

As of May 2021

Don't miss out on this fantastic investment opportunity in a desirable, conveniently located area of S. Tacoma. Completely re-built in 2009 from the foundation up. Each unit has 2 bedrooms and 1.75 bath, W/D in each unit, stainless steel appliances, granite counter, private back yards with patio, 2 parking spaces for each unit. Exterior paint new in 2020. Each unit has 1 bedroom upstairs with 3/4 bath and 1 bed downstairs with full bath. Walk in closets in both units. Location close to freeways and bus routes, local bars, eateries, Cheney stadium, snake lake, Oakland Madrona Park and more makes this property appealing to your tenant or to the owner/occupied buyer. This property would make a great owner occupied investment.

Last Agent to Sell the Property

Shelley Heck

Windermere Abode License #128513 Listed on: 03/11/2021

Windermere Abode

Last Buyer's Agent

Brian Side

Upside Properties License #21007250

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1735187

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,508

Year Built

  • Built in 2009

Lot Details

  • 6,000 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,132 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Oakland Additions Condos
  • Oakland Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 & 17 / 2904
  • Assessor Parcel Number 644500-308-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,508

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2009
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Oakland Additions
  • New Construction: No
  • CalculatedSquareFootage: 2132
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

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

Exterior Features

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

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
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • 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: 644500-308-0
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 16 & 17

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 27000

Multi Family

  • Gross Scheduled Income: 27000
  • Net Operating Income: 17436
  • Number Of Units Total: 2
  • Insurance Expense: 916
  • Leasable Area: 2000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4508

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 6, 2021
Sold by
House Cristina Stacy
Bought by
Johnson Myriah
Seller's Agent
Shelley Heck
Windermere Abode
Buyer's Agent
Brian Side
Upside Properties
List Price
$520,000
Sold Price
$495,000
Premium/Discount to List
-$25,000
-4.81%
Current Estimated Value
$571,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,664
Avg. Annual Appreciation
4.64%
Original Mortgage
$420,750
Outstanding Balance
$382,922
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$220,796

Purchase Details

Listed on
Mar 11, 2021
Closed on
Apr 20, 2021
Sold by
Leu Real Estate Investments Llc
Bought by
Leu David
Seller's Agent
Shelley Heck
Windermere Abode
Buyer's Agent
Brian Side
Upside Properties
List Price
$520,000
Sold Price
$495,000
Premium/Discount to List
-$25,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,750
Outstanding Balance
$382,922
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$220,796

Purchase Details

Closed on
Aug 27, 2018
Sold by
Leu David
Bought by
Leu Real Estate Investments Llc

Purchase Details

Closed on
Apr 28, 2017
Sold by
Harris Robin
Bought by
Leu David

Purchase Details

Closed on
Feb 24, 2005
Sold by
Ferguson Dess L
Bought by
Leu David J and Harris Robin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,875
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 1995
Sold by
Moore William H and Moore Dorothea M
Bought by
Ferguson Dess L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
6.8%
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
Johnson Myriah $495,000 Chicago Title Company Of Wa
Leu David -- Chicago Title
House Cristina Stacy -- Chicago Title
Leu Real Estate Investments Llc -- None Available
Leu David -- None Available
Leu David J $194,500 Fidelity National Title Co
Ferguson Dess L $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Myriah $420,750
Previous Owner Leu David J $145,875
Previous Owner Ferguson Dess L $64,500
Closed Leu David J $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $495,000 0.0% $232 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/18/2021 03/18/21 Price Changed $495,000 -4.8% $232 / Sq Ft
03/11/2021 03/11/21 For Sale $520,000 -- $244 / 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 $5,599 $538,700 $206,400 $332,300
2024 $5,599 $540,100 $199,400 $340,700
2023 $5,599 $503,000 $190,800 $312,200
2022 $4,908 $491,000 $183,500 $307,500
2021 $4,412 $351,000 $100,700 $250,300
2019 $3,771 $332,400 $81,100 $251,300
2018 $3,872 $290,100 $70,800 $219,300
2017 $3,459 $245,100 $52,400 $192,700
2016 $2,845 $189,000 $37,300 $151,700
2014 $2,728 $163,600 $36,100 $127,500
2013 $2,728 $137,700 $33,800 $103,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1735187

Northwest Multiple Listing Service (NWMLS)

APN: 644500-3080