Listed by KW Greater Seattle, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $689,323 - $852,000

6 Beds
3 Baths
2,795 Sq Ft
$264/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $630,000 $225 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,468/month

6 Days on Market

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • 1-Story Property
  • Patio
  • High Speed Internet

About This Home

As of January 2022

Clean and well maintained triplex close to services and excellent commuting location. Brand new exterior paint and complete tear-off new roof. Units are large at almost 900 sq' and have 2 bedrooms and 1 bath. Large laundry room provides storage and coin-op machine income. Rents are 30% to 50% below market and all tenants are month-to-month. Live in one unit and rent the other two or add this triplex to your rental portfolio.

Last Agent to Sell the Property

Michael Ross

KW Greater Seattle License #120571 Listed on: 12/03/2021

KW Greater Seattle

Last Buyer's Agent

Kekoa Lwin

eXp Realty License #23028853

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1864075

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,212

Year Built

  • Built in 1974

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,795 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220135001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,212

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1974
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2795
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 2259

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 0220135001
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 2265

Multi Family

  • Gross Scheduled Income: 27380
  • Net Operating Income: 18491
  • Number Of Units Total: 3
  • Insurance Expense: 1418
  • Leasable Area: 2695
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5212

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Jan 14, 2022
Sold by
Mcneal and Linda
Bought by
Don Creighton and Yee May
Seller's Agent
Michael Ross
KW Greater Seattle
Buyer's Agent
Kekoa Lwin
eXp Realty
List Price
$550,000
Sold Price
$630,000
Premium/Discount to List
$80,000
14.55%
Current Estimated Value
$737,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,081
Avg. Annual Appreciation
4.30%
Original Mortgage
$472,500
Outstanding Balance
$436,091
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$300,990

Purchase Details

Closed on
Feb 21, 1997
Sold by
Schibig Steven R and Schibig Corrie M
Bought by
Mcneal Kota and Mcneal Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
7.86%

Purchase Details

Closed on
Jun 1, 1994
Sold by
Mason Susan
Bought by
Schibig Steven R and Schibig Corrie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,700
Interest Rate
8.56%
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
Don Creighton $629,719 Wfg National Title Company Of
Mcneal Kota $147,751 Rainier Title Company
Schibig Steven R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Don Creighton $472,500
Previous Owner Mcneal Kota $101,600
Previous Owner Schibig Steven R $78,700
Closed Schibig Steven R $15,000
Closed Mcneal Kota $12,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2022 01/18/22 Sold $630,000 +14.5% $225 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $550,000 -- $197 / 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 $6,725 $694,200 $229,300 $464,900
2024 $6,725 $654,100 $221,600 $432,500
2023 $6,725 $604,400 $211,900 $392,500
2022 $5,874 $595,700 $208,100 $387,600
2021 $5,212 $414,800 $114,200 $300,600
2019 $4,639 $385,600 $91,900 $293,700
2018 $4,675 $357,100 $80,300 $276,800
2017 $4,221 $296,000 $60,700 $235,300
2016 $3,437 $230,500 $43,200 $187,300
2014 $3,325 $197,700 $41,800 $155,900
2013 $3,325 $167,500 $39,100 $128,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1864075

Northwest Multiple Listing Service (NWMLS)

APN: 022013-5001