Listed by Redfin, Bought with Redfin
NOT LISTED FOR SALE

3421 S 43rd St Unit 1-4 Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $781,096 - $817,000

6 Beds
4 Baths
2,840 Sq Ft
$281/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $735,000 $259 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,836/month

33 Days on Market

Highlights

  • Territorial View
  • No HOA
  • High Speed Internet
  • Corner Lot
  • Baseboard Heating
  • Partially Fenced Property

About This Home

As of July 2023

CALLING ALL INVESTORS! This fully-leased Four-Plex is ideally located just minutes from I-5, Hwy 16, Sounder Station, and close to Tacoma Mall. The building has both 2 bed and 1 bed apartments, a stable tenant base, and an income of $58,880 per year with potential for increase! One of the units has been completely upgraded and there is a newer roof and hot water heaters. Property is well-maintained with an onsite laundry room, and units are separately metered for electric. Don't miss out on this excellent investment opportunity!

Last Agent to Sell the Property

Pamela Davison

Redfin License #21029991 Listed on: 05/24/2023

Redfin

Last Buyer's Agent

Andrew Maglalang-Weakley

Redfin License #111616

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2072143

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,724

Year Built

  • Built in 1970

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,840 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cascade Park Condos
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890000502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,724

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cascade Park
  • New Construction: No
  • CalculatedSquareFootage: 2840
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • 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
  • Security: FullyFenced
  • Cooling: Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 2890000502
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist - Buyer to verify
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.11
  • LeasedItems: None
  • TotalMonthlyIncome: 4925

Multi Family

  • Gross Scheduled Income: 59100
  • Net Operating Income: 38832
  • Number Of Units Total: 4
  • Insurance Expense: 2820
  • Leasable Area: 2840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5724

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jul 13, 2023
Sold by
Banko Joseph Gregory and Banko Lindsay E
Bought by
Saini Michelle Singh and Saini Rajeev Singh
Seller's Agent
Pamela Davison
Redfin
Buyer's Agent
Andrew Maglalang-Weakley
Redfin
List Price
$775,000
Sold Price
$735,000
Premium/Discount to List
-$40,000
-5.16%
Views
108
Current Estimated Value
$799,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,048
Avg. Annual Appreciation
3.85%

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 4, 2020
Sold by
Kono Investments Llc
Bought by
Banko Joseph Gregory and Eagle Lindsay E
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$461,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2016
Closed on
Jan 5, 2017
Sold by
Kono Jared A
Bought by
Kono Investments Llc
Seller's Agent
Linda Watermeyer
PropertiesNW of Gig Harbor Ltd
Buyer's Agent
Mitch Morey
Coldwell Banker Park Shore RE
List Price
$350,000
Sold Price
$360,000
Premium/Discount to List
$10,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.18%
Original Mortgage
$270,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 27, 2016
Closed on
Nov 15, 2016
Sold by
Lear Martha D
Bought by
Kono Jared A
Seller's Agent
Linda Watermeyer
PropertiesNW of Gig Harbor Ltd
Buyer's Agent
Mitch Morey
Coldwell Banker Park Shore RE
List Price
$350,000
Sold Price
$360,000
Premium/Discount to List
$10,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2013
Sold by
Hussein Salih and Adugnan Alem K
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 9, 2003
Sold by
Hooker Michael A and Hooker Kelli
Bought by
Hussein Salih and Aduagna Alem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2000
Sold by
Cvitanovic Jack and Cvitanovic Mary Lynn
Bought by
Hooker Michael and Hooker Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
8.24%
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
Saini Michelle Singh $735,000 Title Forward
Banko Joseph Gregory $615,000 Rainier Title
Kono Investments Llc -- None Available
Kono Jared A $359,719 Ticor Title
Federal National Mortgage Association $299,380 None Available
Hussein Salih $200,000 First American Title Ins Co
Hooker Michael $143,679 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banko Joseph Gregory $461,250
Previous Owner Kono Jared A $270,000
Previous Owner Hussein Salih $150,000
Previous Owner Hooker Michael $98,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $735,000 -5.2% $259 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $775,000 0.0% $273 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $775,000 +26.0% $273 / Sq Ft
09/11/2020 09/11/20 Sold $615,000 -2.8% $217 / Sq Ft
08/12/2020 08/12/20 Price Changed $633,000 +1.3% $223 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $625,000 +73.6% $220 / Sq Ft
11/28/2016 11/28/16 Sold $360,000 +2.9% $127 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $350,000 +104.7% $123 / Sq Ft
02/28/2014 02/28/14 Sold $171,000 -17.4% $60 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
07/15/2013 07/15/13 For Sale $206,900 -- $73 / 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 $7,184 $734,100 $209,800 $524,300
2024 $7,184 $682,800 $202,700 $480,100
2023 $7,184 $645,700 $193,900 $451,800
2022 $6,415 $619,500 $187,200 $432,300
2021 $5,683 $452,400 $102,700 $349,700
2019 $4,398 $383,100 $82,700 $300,400
2018 $4,605 $338,500 $72,200 $266,300
2017 $4,128 $291,600 $53,600 $238,000
2016 $3,387 $225,500 $38,200 $187,300
2014 $3,220 $194,800 $37,000 $157,800
2013 $3,220 $163,000 $34,600 $128,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2072143

Northwest Multiple Listing Service (NWMLS)

APN: 289000-0502