Listed by Columbia Partners Real Estate, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

Estimated Value: $907,000 - $1,071,245

8 Beds
4 Baths
3,672 Sq Ft
$269/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $937,500 $255 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,210/month

4 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Wood Siding

About This Home

As of January 2023

Opportunity knocks! Four identical spacious 2bed/1bath units in the Mason Loop HOA. Updated kitchens with new appliances, designer cabinets & slab counters. Each unit has separate dining rooms, large living rooms, primary suites with walk-in closets, dishwasher & in unit washer/dryer. All new luxury vinyl flooring throughout. Updated bathrooms with custom tile work. Large covered decks/patios, private parking lot for 8 cars. Newer Mansard siding and double pane windows. New roof in 2015. Fully rented cash flowing 4plex. A must see!

Last Agent to Sell the Property

Mark Caldwell

Columbia Partners Real Estate License #23577 Listed on: 12/15/2022

Last Buyer's Agent

Mei Yang

Windermere Real Estate/East License #90344

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2022846

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,655

Year Built

  • Built in 1979

Lot Details

  • 10,200 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $245 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

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

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5554000060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,655

Year Built

Built in 1979

Lot Details

0

HOA Fees

$245 per month

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

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Playground,Thermal Windows

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 4000

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 245
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5554000060
  • Lot Size Acres: 0.2342
  • Lot Size Sq Ft: 10200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.6
  • LeasedItems: None
  • TotalMonthlyIncome: 6235

Multi Family

  • Gross Scheduled Income: 74820
  • Net Operating Income: 61715
  • Number Of Units Total: 4
  • Electric Expense: 250
  • Insurance Expense: 1200
  • Leasable Area: 3672
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2024
Sold by
3915 Mason Llc
Bought by
Wang Fangfang and Feng Shuo
Current Estimated Value
$989,123

Purchase Details

Closed on
Mar 11, 2024
Sold by
Wang Fangfang and Feng Shuo
Bought by
3915 Mason Llc

Purchase Details

Listed on
Dec 15, 2022
Closed on
Jan 24, 2023
Sold by
Diltz Greg
Bought by
Wang Fangfang and Feng Shuo
Seller's Agent
Mark Caldwell
Columbia Partners Real Estate
Buyer's Agent
Mei Yang
Windermere Real Estate/East
List Price
$945,000
Sold Price
$937,500
Premium/Discount to List
-$7,500
-0.79%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.00%
Original Mortgage
$703,125
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2016
Sold by
Myers Robert and Myers Robert Swails
Bought by
Diltz Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,933
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 10, 2009
Sold by
Gmac Mortgage Llc
Bought by
Myers Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,810
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 9, 2009
Sold by
Leonard David A and Leonard Shannon C
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Jul 29, 2005
Sold by
Duncan Chad
Bought by
Leonard David A and Leonard Shannon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2003
Sold by
Teresa M Charles H
Bought by
Duncan Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,750
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2001
Sold by
Vaughan Charles H
Bought by
Vaughan Charles H and Vaughan Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1997
Sold by
Robinson Matthew S and Robinson Yon Suk
Bought by
Vaughan Charles H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,375
Interest Rate
7.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 1994
Sold by
Mayers Kathleen S
Bought by
Robinson Matthew S and Robinson Yon Suk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.7%
Mortgage Type
Commercial
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
Wang Fangfang -- Old Republic Title
3915 Mason Llc -- None Listed On Document
Wang Fangfang -- Chicago Title
Diltz Greg $362,219 Cw Title
Myers Robert $229,000 Fidelity Natl Title Ins Co
Gmac Mortgage Llc $351,640 Fatco
Leonard David A $400,000 First American Title Ins Co
Duncan Chad $215,000 Fidelity National Title
Vaughan Charles H -- --
Vaughan Charles H $194,869 First American Title Ins Co
Robinson Matthew S -- First American Title Ins Co
Robinson Matthew S $174,509 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Fangfang $703,125
Previous Owner Diltz Greg $355,933
Previous Owner Myers Robert $244,810
Previous Owner Leonard David A $320,000
Previous Owner Duncan Chad $182,750
Previous Owner Vaughan Charles H $163,800
Previous Owner Vaughan Charles H $142,375
Previous Owner Robinson Matthew S $136,000
Closed Vaughan Charles H $16,750
Closed Duncan Chad $32,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $937,500 -0.8% $255 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/15/2022 12/15/22 For Sale $945,000 -- $257 / 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 $8,656 $839,100 $230,100 $609,000
2024 $8,656 $824,700 $222,400 $602,300
2023 $8,656 $778,300 $212,700 $565,600
2022 $7,655 $735,900 $209,000 $526,900
2021 $6,766 $538,800 $114,700 $424,100
2019 $5,196 $456,700 $92,300 $364,400
2018 $5,622 $400,000 $80,700 $319,300
2017 $5,091 $356,100 $61,100 $295,000
2016 $4,129 $278,200 $43,400 $234,800
2014 $3,996 $237,600 $42,100 $195,500
2013 $3,996 $200,300 $39,300 $161,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2022846

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0060