NOT LISTED FOR SALE

Estimated Value: $778,000

8 Beds
6 Baths
3,696 Sq Ft
$210/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $550,000 $149 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,919/month

3 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of October 2018

Rare 4-plex on quiet street in South Tacoma featuring 924 sqft, 2 bed 1.5 bath units. Each unit offers unique value with individual storage units and one-car garages, plus additional parking on site. Units have been well maintained and updated over time, all appliances included in units (W/D, dishwasher, fridge, range/oven). Current owner has maintained below market rents and paid all utilities, easily raise rents to market rate and transfer some utility costs to tenants to bring cap up to 7%.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1979

Lot Details

  • 8,200 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,696 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5554000110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

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: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3696
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5554000110
  • Lot Size Acres: 0.1882
  • Lot Size Sq Ft: 8200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3440

Multi Family

  • Gross Scheduled Income: 41280
  • Net Operating Income: 26871
  • Number Of Units Total: 4
  • Insurance Expense: 1457
  • Leasable Area: 3696
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5713

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Richard Jonathan L
Bought by
Richards Jonathan Lesroy and Hodgdon Kimberly
Current Estimated Value
$778,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$466,108
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$311,892

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 25, 2018
Sold by
Cho Song and Cho Meesun
Bought by
Richards Jonathan L and Phillips Marcus A
List Price
$549,950
Sold Price
$550,000
Premium/Discount to List
$50
0.009%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$561,825
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Listed on
Oct 24, 2012
Closed on
Jan 10, 2013
Sold by
Glassy Sharon
Bought by
Cho Song and Cho Meesun
Seller's Agent
Anne Curry
Better Properties N. Proctor
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.70%
Original Mortgage
$187,500
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2010
Sold by
Aurora Loan Services Llc
Bought by
Glassy Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,516
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2009
Sold by
Cummings Sean
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Apr 26, 2005
Sold by
Gebre Tekle
Bought by
Cummings Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2004
Sold by
Scheenstra Peter J
Bought by
Gebre Tekle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2002
Sold by
Cook Daniel B
Bought by
Scheenstra Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2000
Sold by
Cook Sandra Michelle
Bought by
Cook Daniel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,300
Interest Rate
8.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2000
Sold by
Scamehorn Walter D
Bought by
Cook Daniel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,300
Interest Rate
8.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2000
Sold by
University Place Land Trust
Bought by
Scamehorn Walter D

Purchase Details

Closed on
Oct 2, 1997
Sold by
Olsen Darrell R
Bought by
The University Place Land Trust
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
Richards Jonathan Lesroy -- First American Title Ins Co
Richards Jonathan L $549,719 Fidelity National Title
Cho Song $250,000 Wfg National Title Company
Glassy Sharon $200,000 Chicago Title Insurance Co
Aurora Loan Services Llc $358,980 None Available
Cummings Sean $410,000 Stewart Title
Gebre Tekle $310,000 Stewart Title
Scheenstra Peter J $235,000 --
Cook Daniel B -- --
Cook Daniel B $196,614 --
Scamehorn Walter D -- --
Scamehorn Walter D -- Transnation Title Insurance
The University Place Land Trust $294,850 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Jonathan Lesroy $525,000
Closed Richards Jonathan L $561,825
Previous Owner Cho Song $187,500
Previous Owner Glassy Sharon $167,516
Previous Owner Cummings Sean $328,000
Previous Owner Gebre Tekle $248,000
Previous Owner Scheenstra Peter J $211,500
Previous Owner Cook Daniel B $118,300
Closed Gebre Tekle $62,000
Closed Cummings Sean $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2018 10/12/18 Sold $550,000 0.0% $149 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $549,950 +120.0% $149 / Sq Ft
01/14/2013 01/14/13 Sold $250,000 -3.8% $68 / Sq Ft View Prior Sale
11/13/2012 11/13/12 Pending -- -- --
10/25/2012 10/25/12 For Sale $259,900 -- $70 / 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 $9,545 $917,200 $220,000 $697,200
2024 $9,545 $915,700 $212,600 $703,100
2023 $9,545 $858,300 $203,400 $654,900
2022 $8,523 $810,700 $198,100 $612,600
2021 $7,567 $602,700 $108,700 $494,000
2019 $5,789 $511,900 $87,500 $424,400
2018 $6,290 $445,800 $76,500 $369,300
2017 $5,713 $398,500 $57,300 $341,200
2016 $4,617 $298,800 $40,800 $258,000
2014 $4,405 $265,700 $39,500 $226,200
2013 $4,405 $223,200 $37,000 $186,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1339595

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0110