NOT LISTED FOR SALE

Estimated Value: $561,000 - $717,000

5 Beds
3 Baths
2,541 Sq Ft
$261/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $710,000 $279 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,301/month

40 Days on Market

Highlights

  • Deck
  • Tankless Water Heater
  • Property is in very good condition
  • Wood Flooring
  • High Speed Internet
  • Property is Fully Fenced

About This Home

As of November 2021

Incredible investment opportunity! This beautiful turnkey triplex was completely renovated down to the studs in 2007. New insultation, windows, plumbing, electrical with 4 meters and 2 on demand tankless hot water systems were installed. An entertainment system that sends tv and internet to a wall panel in each unit was also installed in the basement. Each unit shares a coin operated laundry room on the first floor. Unit 1(first floor) has 9.5-foot ceilings, hardwood and tile floors, 3 bedrooms, 1 bathroom with separate shower and tub and a gas furnace. Units 2 and 3 have 1 bedroom and 1 bathroom. A three-car garage was built in 2016. All renovations were permitted and built to code. THIS IS A TRUE BEAUTY! Even the alley is paved.

Last Agent to Sell the Property

Bonita Roeser

Coldwell Banker Bain License #129366 Listed on: 09/09/2021

Coldwell Banker Bain

Last Buyer's Agent

Kristina Loper

Best Choice Realty LLC License #118635

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1835582

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,716

Year Built

  • Built in 1905

Lot Details

  • 7,841 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Triplex
  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,541 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lyon Elementary School
  • Stewart Middle School
  • Lincoln High School

Utilities

  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Cedar Lawn Condos
  • Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 2945000020
  • Assessor Parcel Number 2945000020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,716

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cedar Lawn
  • New Construction: No
  • CalculatedSquareFootage: 2541
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 311

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Forced Air, Tankless Water Heater, Hardwood, Laminate Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Block
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Tacoma Public Utility
  • SewerCompany: Tacoma Public Utility
  • WaterCompany: Tacoma Public Utility
  • WaterSewerGarbage: 4800

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 600

Schools

  • Junior High Dist: Tacoma
  • High School: Lincoln High
  • Middle Or Junior School: Stewart

Lot Info

  • Parcel Number: 2945000020
  • Lot Size Acres: 0.18
  • Lot Size: 7841
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 2945000020

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 55200
  • Number Of Units Total: 3
  • Electric Expense: 360
  • Insurance Expense: 1687
  • Leasable Area: 2541
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5716

MLS Schools

  • Elementary School: Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2005
Sold by
Labarge Dorothy J
Bought by
Reiten Lynn Marie
Total Days on Market
40
Current Estimated Value
$663,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Outstanding Balance
$97,270
Interest Rate
6.07%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$565,730

Purchase Details

Closed on
Jul 30, 2004
Sold by
Nauvoo Enterprises Inc
Bought by
Labarge Steven

Purchase Details

Closed on
Jul 26, 2002
Sold by
Stevenson Robert J
Bought by
Nauvoo Enterprise Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,549
Interest Rate
6.6%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Reiten Lynn Marie $214,000 First American Title Ins Co
Labarge Steven -- Ticor Title Company
Nauvoo Enterprise Inc $131,867 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reiten Lynn Marie $171,200
Closed Reiten Lynn Marie $42,800
Previous Owner Nauvoo Enterprise Inc $130,549
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $710,000 -5.2% $279 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $749,000 -- $295 / 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
2024 $6,946 $661,300 $186,100 $475,200
2023 $6,946 $624,300 $177,000 $447,300
2022 $6,281 $635,200 $185,900 $449,300
2021 $5,717 $455,100 $110,600 $344,500
2019 $4,973 $415,700 $92,500 $323,200
2018 $2,727 $382,800 $74,400 $308,400
2017 $4,818 $345,500 $62,500 $283,000
2016 $3,472 $231,800 $46,300 $185,500
2014 $3,057 $199,700 $45,600 $154,100
2013 $3,057 $182,600 $40,000 $142,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1835582

Northwest Multiple Listing Service (NWMLS)

APN: 294500-0020