Listed by Keller Williams Rty Tacoma, Bought with Gateway Real Estate
NOT LISTED FOR SALE

Estimated Value: $384,000

12 Beds
11 Baths
-- Sq Ft
9,000 Sq Ft Lot

Last Sold September 15, 2023

Last sale price $1,795,000

Current estimated payment $2,924/month

2 Days on Market

Highlights

  • New Construction
  • Vinyl Plank Flooring
  • High Efficiency Heating System
  • No HOA
  • High Efficiency Air Conditioning
  • 3-minute walk to Franklin Park

About This Home

As of September 2023

New Construction 4 unit apartment complex in Central Tacoma just blocks from North End. Conveniently located near shopping centers, restaurants & freeway. Large 3 bed 3 bath units. Lower floor has full bedroom/bathroom. Main floor has open concept kitchen, dining & family room with covered deck. Upstairs has 2 full primary bedrooms with separate bathrooms. Double wall construction between units for soundproofing. Attached garages to each units. Owner had one unit rented out at $2,850. Negotiable to rent the remaining units or buyer may select their tenants if preferred.

Last Agent to Sell the Property

Greg Stock

Keller Williams Rty Tacoma License #114407 Listed on: 08/12/2023

Keller Williams Rty Tacoma

Last Buyer's Agent

Alex Layer

Gateway Real Estate License #131564

Gateway Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2146910

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,500

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 9,000 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • High Efficiency Air Conditioning
  • Ductless Heating Or Cooling System
  • High Efficiency Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3175000550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,500

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2023
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: See Remarks
  • EstimatedCompletionDate: 2023-08-18
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 368

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: 90%+ High Efficiency, Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

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: 3175000550
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: 9000
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.15
  • LeasedItems: None
  • TotalMonthlyIncome: 136800

Multi Family

  • Gross Scheduled Income: 136800
  • Net Operating Income: 104052
  • Number Of Units Total: 4
  • Insurance Expense: 2000
  • Leasable Area: 7000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 12500

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2024
Sold by
Shcherbataya Olga
Bought by
Hockin Matthew
Current Estimated Value
$384,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,077,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2023
Closed on
Sep 7, 2023
Sold by
Star Communities Inc
Bought by
Hockin Matthew
Seller's Agent
Greg Stock
Keller Williams Rty Tacoma
Buyer's Agent
Alex Layer
Gateway Real Estate
List Price
$1,800,000
Sold Price
$1,795,000
Premium/Discount to List
-$5,000
-0.28%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.60%

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 28, 2022
Sold by
Tac Build Llc
Bought by
Star 16 Communities Inc
Seller's Agent
Tammy Yao
Windermere Real Estate/East
Buyer's Agent
Greg Stock
Keller Williams Rty Tacoma
List Price
$450,000
Sold Price
$412,500
Premium/Discount to List
-$37,500
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
271.72%
Original Mortgage
$1,419,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2018
Sold by
1St Assembly Of God Life Center
Bought by
Tac Build Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,875
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2004
Sold by
Steven Mataruso Jon O and Steven Maturyeczro Michael
Bought by
1St Assembly Of God Life Center Of Tacom
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
Hockin Matthew -- Wfg National Title Company Of
Hockin Matthew $3,590,000 Stewart Title
Star 16 Communities Inc -- Stewart Title
Tac Build Llc $112,500 Ticor Title
1St Assembly Of God Life Center Of Tacom $94,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hockin Matthew $1,100,000
Closed Hockin Matthew $1,077,000
Previous Owner Star 16 Communities Inc $1,419,000
Previous Owner Tac Build Llc $70,000
Previous Owner Tac Build Llc $115,875
Previous Owner Tac Build Llc $267,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $1,795,000 -0.3% --
08/14/2023 08/14/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $1,800,000 +336.4% --
08/03/2022 08/03/22 Sold $412,500 -8.3% --
06/10/2022 06/10/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $450,000 -- --
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 $10,176 $1,848,100 $260,100 $1,588,000
2024 $10,176 $976,700 $252,500 $724,200
2023 $10,176 $243,800 $235,600 $8,200
2022 $2,678 $286,600 $249,800 $36,800
2021 $2,243 $178,000 $147,100 $30,900
2019 $8 $148,900 $117,800 $31,100
2018 $7 $127,300 $99,000 $28,300
2017 $6 $109,700 $81,800 $27,900
2016 $5 $85,500 $62,200 $23,300
2014 $5 $78,200 $55,600 $22,600
2013 $5 $71,200 $49,100 $22,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2146910

Northwest Multiple Listing Service (NWMLS)

APN: 317500-0550