Listed by Better Properties N. Proctor, Bought with Better Properties Gig Harbor
NOT LISTED FOR SALE

Estimated Value: $645,372 - $770,000

-- Bed
3 Baths
2,908 Sq Ft
$243/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $360,000 $124 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,522/month

215 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Property is in very good condition
  • Wood Siding

About This Home

As of December 2017

Keybox now on for one unit! Tenant are being moved out. Check for updates. Finally you'll be able to see this North End Triplex located in Great Neighborhood! Zoned commercial (a real estate office and coffee shop once occupied the front unit). Rents are way, way, way below market rents. Pro forma GSI is $37,800, making the possible Cap Rate 7.1% Each unit comes with range, refrigerator, washer, dryer. Located on busline. Near the Proctor area and Tacoma waterfront. Possible 4th unit.

Last Agent to Sell the Property

Jim Marso

Better Properties N. Proctor License #6021 Listed on: 04/15/2017

Better Properties N. Proctor

Last Buyer's Agent

Jami Robson

Better Properties Gig Harbor License #94898

Better Properties Gig Harbor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1106093

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1918

Lot Details

  • 4,369 Sq Ft Lot
  • Lot Dimensions are 50 x 87
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,908 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4590000920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,414

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2908
  • SOCComments: Same as Listing Office
  • Special Features: None
  • Cumulative Days on Market: 536

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 3489

Fee Information

  • Annual Fuel Expense: 1695

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 4590000920
  • Lot Size Acres: 0.1003
  • Lot Size: 50 x 87
  • Lot Size Sq Ft: 4369
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2260

Multi Family

  • Gross Scheduled Income: 27120
  • Net Operating Income: 15145
  • Number Of Units Total: 3
  • Electric Expense: 2179
  • Insurance Expense: 1000
  • Leasable Area: 2908
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3414

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2019
Sold by
Hodgson Susan Norwood and Osmon Patrick John
Bought by
Trolley Line 11 Llc
Current Estimated Value
$707,686

Purchase Details

Listed on
Apr 15, 2017
Closed on
Dec 20, 2017
Sold by
Parks John P and Parks Teri
Bought by
Hodgson Susan and Osmon Patrick
Seller's Agent
Jim Marso
Better Properties N. Proctor
Buyer's Agent
Jami Robson
Better Properties Gig Harbor
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$406,261
Interest Rate
3.92%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 24, 2005
Sold by
Parks Teri
Bought by
Parks John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2005
Sold by
Pepper Raymond and Pepper Ray
Bought by
Parks Teri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2000
Sold by
Watson Judith M and Watson Kelly C
Bought by
Pepper Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,240
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2000
Sold by
Krumbach Cora M
Bought by
Watson Kelly C and Watson Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,240
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2000
Sold by
Krumbach Cora M
Bought by
Krumbach Cora M and Krumbach Exemption Equivalent Credit She

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,240
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 1998
Sold by
Krumbach Henry G
Bought by
Krumbach Henry G and Krumbach Cora M

Purchase Details

Closed on
Jul 15, 1997
Sold by
Krumbach Henry G
Bought by
Bergman Judith M
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
Trolley Line 11 Llc -- None Available
Hodgson Susan $359,719 Fidelity National Title
Parks John P -- --
Parks Teri $317,000 Rainier Title Company
Pepper Raymond $169,856 --
Watson Kelly C -- --
Krumbach Cora M -- --
Krumbach Henry G -- --
Watson Kelly C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodgson Susan Norwood $406,261
Previous Owner Parks John P $215,600
Previous Owner Parks Teri $208,000
Previous Owner Pepper Raymond $92,240
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $360,000 0.0% $124 / Sq Ft
11/17/2017 11/17/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $360,000 0.0% $124 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $360,000 0.0% $124 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
06/24/2017 06/24/17 For Sale $360,000 0.0% $124 / Sq Ft
06/04/2017 06/04/17 Pending -- -- --
06/01/2017 06/01/17 Price Changed $360,000 0.0% $124 / Sq Ft
06/01/2017 06/01/17 For Sale $360,000 -5.3% $124 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/12/2017 05/12/17 Price Changed $380,000 -3.8% $131 / Sq Ft
04/15/2017 04/15/17 For Sale $395,000 -- $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 $8,079 $690,000 $303,000 $387,000
2024 $8,079 $726,300 $303,000 $423,300
2023 $8,079 $726,300 $303,000 $423,300
2022 $5,184 $519,700 $133,800 $385,900
2021 $3,177 $252,500 $116,500 $136,000
2019 $2,987 $252,500 $116,500 $136,000
2018 $3,298 $229,600 $105,900 $123,700
2017 $3,414 $208,700 $96,300 $112,400
2016 $3,341 $201,800 $65,700 $136,100
2014 $3,940 $192,200 $65,700 $126,500
2013 $3,940 $192,200 $65,700 $126,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1106093

Northwest Multiple Listing Service (NWMLS)

APN: 459000-0920