Listed by Redfin, Bought with Western Homes Realty
NOT LISTED FOR SALE

3724 S Tyler St Unit A & B Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $425,000 - $468,000

2 Beds
2 Baths
1,112 Sq Ft
$398/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $240,000 $216 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,673/month

21 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Wood Siding
  • Mountain View
  • Partially Fenced Property
  • Vinyl Flooring

About This Home

As of January 2018

Investors dream! Completely updated and fully rented, this mid-century style duplex has it all. New kitchen and bathroom cabinets and granite counters (kitchen), laminate and vinyl flooring (great for fast rental turns) and interior/exterior paint. All there is left to do is collect rent. Property has a Mt. Rainier view for added future value. Rents are $950 each side for a total of $1,900.00. Perfect for investor or owner occupant. Check out this great Cap Rate 8.6%!

Last Agent to Sell the Property

Jason Kjellesvik

Redfin License #25217 Listed on: 12/26/2017

Redfin

Last Buyer's Agent

Kim Tso

Western Homes Realty License #13485

Western Homes Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1228313

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,133

Year Built

  • Built in 1963

Lot Details

  • 6,448 Sq Ft Lot
  • Lot Dimensions are 78x82
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Slab Foundation
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,112 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Cable TV Available

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220135037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,133

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1112
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Flat, Torch Down
  • View: Mountain(s)
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 480

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 0220135037
  • Lot Size Acres: 0.148
  • Lot Size: 78x82
  • Lot Size Sq Ft: 6448
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 1900

Multi Family

  • Gross Scheduled Income: 22800
  • Net Operating Income: 21620
  • Number Of Units Total: 2
  • Insurance Expense: 700
  • Leasable Area: 1112
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2133

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2017
Closed on
Jan 30, 2018
Sold by
Li Sing
Bought by
Liu Si Meng
Seller's Agent
Jason Kjellesvik
Redfin
Buyer's Agent
Kim Tso
Western Homes Realty
List Price
$249,950
Sold Price
$240,000
Premium/Discount to List
-$9,950
-3.98%
Current Estimated Value
$442,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,426
Avg. Annual Appreciation
8.27%

Purchase Details

Listed on
Dec 26, 2017
Closed on
Jan 26, 2018
Sold by
Redesign Property Group Llc
Bought by
Liu Si Meng
Seller's Agent
Jason Kjellesvik
Redfin
Buyer's Agent
Kim Tso
Western Homes Realty
List Price
$249,950
Sold Price
$240,000
Premium/Discount to List
-$9,950
-3.98%

Purchase Details

Closed on
Feb 14, 2017
Sold by
Courtyard On Tyler Llc
Bought by
Redesign Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,918
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2016
Sold by
Munsey Snyder Lorri Diane and Smith Sheri
Bought by
Courtyard On Tyler Llc

Purchase Details

Closed on
Aug 11, 2005
Sold by
Fiscal Dynamics Inc
Bought by
Munsey Snyder Lorri Diane and Smith Sheri
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
Liu Si Meng -- Chicago Title
Liu Si Meng $239,719 Chicago Title
Redesign Property Group Llc $500,719 Stewart Title
Courtyard On Tyler Llc -- None Available
Munsey Snyder Lorri Diane $135,325 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Redesign Property Group Llc $459,918
Closed Munsey Snyder Lorri Diane $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $240,000 -4.0% $216 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $249,950 +4.1% $225 / Sq Ft
01/15/2018 01/15/18 Off Market $240,000 -- --
01/11/2018 01/11/18 For Sale $249,950 0.0% $225 / Sq Ft
01/04/2018 01/04/18 Pending -- -- --
12/26/2017 12/26/17 For Sale $249,950 -- $225 / 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 $3,924 $377,700 $192,700 $185,000
2024 $3,924 $376,200 $186,200 $190,000
2023 $3,924 $352,200 $178,100 $174,100
2022 $3,447 $358,200 $186,800 $171,400
2021 $3,041 $241,600 $102,500 $139,100
2019 $2,543 $223,700 $82,500 $141,200
2018 $2,417 $195,400 $72,100 $123,300
2017 $2,133 $152,800 $53,500 $99,300
2016 $1,788 $117,200 $38,100 $79,100
2014 $1,761 $102,700 $36,900 $65,800
2013 $1,761 $88,100 $34,500 $53,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1228313

Northwest Multiple Listing Service (NWMLS)

APN: 022013-5037