Listed by Better Homes and Gardens RE PC, Bought with Keller Williams Realty
NOT LISTED FOR SALE

3503 182nd St E Tacoma, WA 98446

Estimated Value: $310,209 - $446,000

2 Beds
3 Baths
6,504 Sq Ft
$58/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $675,000 $104 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $2,242/month

198 Days on Market

Highlights

  • Territorial View
  • High Speed Internet
  • Wall to Wall Carpet
  • Patio
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of May 2016

Great investment opportunity! Great location! 6 big 2 bdrm units offered together. Almost 1100 sq ft per unit. The project has been converted to condos. Buyer can sell each unit individually. Priced under market. Units need some updating. Big lots, nice country setting with territorial and mountain views. Brick exteriors, one story units with one car garages attached and plenty of uncovered parking for RVs and additional vehicles. Will consider selling each duplex separately.

Last Agent to Sell the Property

David Greening

Better Homes and Gardens RE PC License #21955 Listed on: 06/23/2015

Better Homes and Gardens RE PC

Last Buyer's Agent

Kari Montgomery

Keller Williams Realty License #27422

Keller Williams Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 808913

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,102

Year Built

  • Built in 1975

Lot Details

  • 9,162 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 6,504 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 18 Parking Spaces
  • 6 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Blake Landing Condos
  • Frederickson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9008440010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,102

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1975
  • Buyer Agency Compensation: 2.50
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Blake Landing
  • New Construction: No
  • CalculatedSquareFootage: 6504
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 18
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community, Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Pierce County
  • WaterCompany: Rainier View
  • WaterSewerGarbage: 270

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 9008440010
  • Lot Size Acres: 0.2103
  • Lot Size Sq Ft: 9162
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Pierce County
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4950

Multi Family

  • Gross Scheduled Income: 59400
  • Net Operating Income: 45183
  • Number Of Units Total: 6
  • Insurance Expense: 1845
  • Leasable Area: 6504
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 12102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2015
Closed on
Apr 21, 2016
Sold by
Petry Terry L and Petry Deanne
Bought by
Hicks Larry and Hicks Yon
Seller's Agent
David Greening
Better Homes and Gardens RE PC
Buyer's Agent
Kari Montgomery
Keller Williams Realty
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Current Estimated Value
$375,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$299,198
Avg. Annual Appreciation
-6.00%
Original Mortgage
$472,500
Outstanding Balance
$375,987
Interest Rate
3.73%
Mortgage Type
Seller Take Back
Estimated Equity
-$185
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
Hicks Larry $674,719 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hicks Larry $472,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2016 05/02/16 Sold $675,000 -10.0% $104 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
06/23/2015 06/23/15 For Sale $750,000 -- $115 / 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 $3,064 $296,500 $140,900 $155,600
2024 $3,064 $290,100 $146,900 $143,200
2023 $3,064 $255,300 $141,900 $113,400
2022 $2,953 $261,000 $135,000 $126,000
2021 $2,807 $195,700 $81,600 $114,100
2019 $1,886 $167,900 $70,800 $97,100
2018 $2,187 $149,500 $63,700 $85,800
2017 $2,200 $137,000 $56,600 $80,400
2016 $2,017 $125,500 $55,800 $69,700
2014 $1,780 $118,300 $52,900 $65,400
2013 $1,780 $106,500 $45,700 $60,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 808913

Northwest Multiple Listing Service (NWMLS)

APN: 900844-0020