Listed by Teambuilder KW, Bought with Town & Country Brokers Inc
NOT LISTED FOR SALE

3901 Mason Loop Rd Unit A-D Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $851,082 - $909,000

8 Beds
4 Baths
3,568 Sq Ft
$247/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $540,000 $151 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,412/month

2 Days on Market

Highlights

  • Deck
  • Patio
  • Wall to Wall Carpet
  • Territorial View
  • Property is Fully Fenced

About This Home

As of July 2019

Great investment opportunity. Very well maintained 4-plex in Tacoma. 4 large 2 bedrooms, 1 bath units with stacking W/D in each. Newer Exterior Paint, New Carport and New Windows. Leaving little to worry about in the near future. Immediate rental upside! Rare opportunity performing at a 6% Cap rate.

Last Agent to Sell the Property

Bart Chmielewski

Teambuilder KW License #134351 Listed on: 05/19/2019

Last Buyer's Agent

John Brink

Town & Country Brokers Inc License #85237

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1456380

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Composite

Interior Spaces

  • 3,568 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5554000020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,707

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3568
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition, Torch Down
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 5387

Schools

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

Lot Info

  • Parcel Number: 5554000020
  • Lot Size Acres: 0.253
  • Lot Size Sq Ft: 11020
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3500

Multi Family

  • Gross Scheduled Income: 42000
  • Net Operating Income: 29587
  • Number Of Units Total: 4
  • Insurance Expense: 1309
  • Leasable Area: 3568
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5707

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2019
Closed on
Jul 17, 2019
Sold by
Reed James V and Reed Dana M
Bought by
Bevis Matthew A
Seller's Agent
Bart Chmielewski
Teambuilder KW
Buyer's Agent
John Brink
Town & Country Brokers Inc
List Price
$500,000
Sold Price
$540,000
Premium/Discount to List
$40,000
8%
Current Estimated Value
$880,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,041
Avg. Annual Appreciation
8.14%
Original Mortgage
$405,000
Outstanding Balance
$354,816
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$525,225

Purchase Details

Closed on
Apr 23, 2013
Sold by
Buntain Family Living Trust
Bought by
Reed James and Reed Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 1998
Sold by
Buntain Fulton Wesley
Bought by
Buntain Fulton W and Buntain Lorraine B
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bevis Matthew A $540,000 Cw Title And Escrow
Reed James $274,000 Stewart Title Company
Buntain Fulton W -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bevis Matthew A $405,000
Previous Owner Reed James $205,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $540,000 +8.0% $151 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
05/19/2019 05/19/19 For Sale $500,000 -- $140 / 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 $8,957 $873,500 $233,800 $639,700
2024 $8,957 $872,700 $225,900 $646,800
2023 $8,957 $805,400 $216,100 $589,300
2022 $7,790 $749,400 $213,000 $536,400
2021 $6,860 $546,300 $116,900 $429,400
2019 $5,289 $463,800 $94,100 $369,700
2018 $5,707 $407,200 $82,200 $325,000
2017 $5,168 $361,500 $62,400 $299,100
2016 $4,193 $282,200 $44,400 $237,800
2014 $4,062 $241,300 $43,000 $198,300
2013 $4,062 $204,000 $40,200 $163,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1456380

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0020