Listed by Keller Williams Downtown Sea
NOT LISTED FOR SALE

3914 Mason Rd Unit 1-4 Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $697,000 - $878,302

8 Beds
4 Baths
3,672 Sq Ft
$215/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $487,500 $133 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,906/month

6 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • Wood Siding
  • Cul-De-Sac
  • Property is Fully Fenced
  • Wall to Wall Carpet

About This Home

As of May 2018

~ Investor Alert $$$ 6.6% Cap Rate $$$ - Fully leased Four Plex in South Tacoma, located on Mason loop Cul-De-Sac, All Units are 918 Square Feet 2 Bedroom, 1 Bathroom some with Decks. Low Vacancy Rate. Property has had some updates on interior of some of the Units and Some Appliances over the past few years. All have Washer and Dryer in units. Rents are below market in some of the units. ~ SOLD AS-IS~ 3 units are Month to Month rents below market. 2 decks have been enclosed to create 3rd Bedroom

Last Agent to Sell the Property

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068 Listed on: 04/09/2018

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1270986

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,178

Year Built

  • Built in 1979

Lot Details

  • 10,800 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,672 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Oakland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5554000180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,178

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: 3672
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up, Flat
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 4500

Schools

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

Lot Info

  • Parcel Number: 5554000180
  • Lot Size Acres: 0.2479
  • Lot Size Sq Ft: 10800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Multi Family

  • Gross Scheduled Income: 43800
  • Net Operating Income: 33122
  • Number Of Units Total: 4
  • Insurance Expense: 1000
  • Leasable Area: 3672
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5178

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 10, 2018
Sold by
Tang Pauline Man Chun
Bought by
Freund Ronald H and Freund Pamela
Seller's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$498,700
Sold Price
$487,500
Premium/Discount to List
-$11,200
-2.25%
Current Estimated Value
$787,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,151
Avg. Annual Appreciation
6.69%
Original Mortgage
$345,000
Outstanding Balance
$297,056
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$490,595

Purchase Details

Closed on
Jun 9, 2016
Sold by
Royse Frank and Royse Grace
Bought by
Tang Pauline Man Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2007
Sold by
Nguyen Khang
Bought by
Royse Frank and Royse Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,071
Interest Rate
8.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 24, 2005
Sold by
Walsh Michael and Walsh Lisa R
Bought by
Nguyen Khang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2004
Sold by
Mankin Clark R
Bought by
Walsh Michael P and Walsh Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 1999
Sold by
Hooks Felix J
Bought by
Mankin Clark R

Purchase Details

Closed on
Dec 20, 1994
Sold by
Petty David F
Bought by
Hooks Felix J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,100
Interest Rate
9.2%
Mortgage Type
Assumption
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
Freund Ronald H $487,219 First American Title Insuran
Tang Pauline Man Chun $364,719 Fidelity National Title
Royse Frank $371,189 First American Title Ins Co
Nguyen Khang $360,000 Rainier Title Company
Walsh Michael P $280,000 Fidelity National Title Co
Mankin Clark R $154,320 --
Hooks Felix J $180,326 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freund Ronald H $345,000
Previous Owner Tang Pauline Man Chun $219,000
Previous Owner Royse Frank $334,071
Previous Owner Nguyen Khang $288,000
Previous Owner Walsh Michael P $224,000
Previous Owner Hooks Felix J $158,100
Closed Walsh Michael P $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2018 05/18/18 Sold $487,500 -2.2% $133 / Sq Ft
04/15/2018 04/15/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $498,700 -- $136 / 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 $8,762 $848,200 $232,800 $615,400
2024 $8,762 $845,600 $225,000 $620,600
2023 $8,762 $787,800 $215,200 $572,600
2022 $7,777 $747,500 $211,900 $535,600
2021 $6,884 $548,200 $116,300 $431,900
2019 $5,281 $464,600 $93,600 $371,000
2018 $5,718 $406,600 $81,800 $324,800
2017 $5,178 $362,200 $62,100 $300,100
2016 $4,200 $283,000 $44,100 $238,900
2014 $4,025 $241,700 $42,800 $198,900
2013 $4,025 $203,700 $40,000 $163,700
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Vilvandre'

    Seller's Agent in 2018

    Nicholas Vilvandre'

    Keller Williams Downtown Seattle

    (206) 612-7883

    64 Total Sales

    Nicholas Vilvandre'
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1270986

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0180

Washington Pierce County Tacoma 98409 South Tacoma

3914 Mason Rd Unit 1-4, Tacoma, WA

This home is located at 3914 Mason Rd Unit 1-4, Tacoma, WA 98409 since 09 April 2018 and is currently estimated at $787,651, approximately $214 per square foot. This property was built in 1979. 3914 Mason Rd Unit 1-4 is a home located in Pierce County with nearby schools including Whittier Elementary School, Wainwright Intermediate School, and Foss High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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