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

Estimated Value: $936,000 - $1,022,473

8 Beds
4 Baths
4,600 Sq Ft
$213/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $930,000 $202 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,959/month

6 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • High Speed Internet
  • Deck
  • Vinyl Plank Flooring
  • 1-Story Property

About This Home

As of February 2022

Clean and well maintained fiveplex close to services and excellent commuting location. Brand new exterior paint and complete tear-off new roof. Units are large at 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.

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#: 1864077

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,308

Year Built

  • Built in 1976

Lot Details

  • 0.36 Acre Lot
  • Sprinkler System
  • Property is in good condition

Home Design

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

Interior Spaces

  • 4,600 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220135002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,308

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4600
  • 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 Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 8264

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: 0220135002
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4075

Multi Family

  • Gross Scheduled Income: 49100
  • Net Operating Income: 31095
  • Number Of Units Total: 5
  • Insurance Expense: 2433
  • Leasable Area: 4500
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7308

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 Kota P and Mcneal Linda F
Bought by
Yee May Foon and Yee Don Creighton
Seller's Agent
Michael Ross
KW Greater Seattle
Buyer's Agent
Kekoa Lwin
eXp Realty
List Price
$850,000
Sold Price
$930,000
Premium/Discount to List
$80,000
9.41%
Current Estimated Value
$979,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,237
Avg. Annual Appreciation
1.42%
Original Mortgage
$697,500
Outstanding Balance
$646,446
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$332,791

Purchase Details

Closed on
Dec 7, 2012
Sold by
Miran Manuel and Miran Joycelyn A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 16, 1997
Sold by
Geske Paul O and Geske Edith E
Bought by
Mcneal Kota P and Mcneal Linda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
8.5%
Mortgage Type
Seller Take Back
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
Yee May Foon -- Wfg National Title Company Of
Federal National Mortgage Association $238,445 None Available
Mcneal Kota P $174,451 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yee May Foon $697,500
Previous Owner Mcneal Kota P $29,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $930,000 +9.4% $202 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $850,000 -- $185 / 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 $9,206 $887,300 $251,300 $636,000
2024 $9,206 $888,000 $242,900 $645,100
2023 $9,206 $827,800 $232,300 $595,500
2022 $8,205 $791,000 $232,200 $558,800
2021 $7,308 $582,000 $127,500 $454,500
2019 $5,573 $489,000 $102,600 $386,400
2018 $6,202 $429,100 $89,600 $339,500
2017 $5,562 $392,900 $69,100 $323,800
2016 $4,556 $303,900 $49,100 $254,800
2014 $4,334 $262,200 $47,600 $214,600
2013 $4,334 $219,400 $44,500 $174,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1864077

Northwest Multiple Listing Service (NWMLS)

APN: 022013-5002