Listed by Commencement Bay Brokers LLC, Bought with Realogics Sotheby's Int'l Rlty
NOT LISTED FOR SALE

3941 Mason Loop Rd Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $805,000 - $964,415

8 Beds
6 Baths
3,696 Sq Ft
$239/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $778,000 $210 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,487/month

2 Days on Market

Highlights

  • City View
  • Thermal Windows
  • High Speed Internet
  • Deck
  • Cul-De-Sac
  • Wood Siding

About This Home

As of March 2021

Well maintained 4plex in Tacoma's Madrona neighborhood is a great investment opportunity. Steady long term tenants with rents poised to increase (currently under market value). The spacious 2 bedroom, 1.5 bath, units also feature a 1 car garage making these units highly desirable. Property features new siding & decks as well as a newer roof & gutters (2017). Unit A has been updated and features a new kitchen additionally the fireplaces in each unit have been recently removed for additional safety. Units have W/D hookups and W/D appliances are tenant owned. Storage units are currently rented for additional income. Easy access to Hwy 16 & I5.

Last Agent to Sell the Property

Nicolas Lind

Commencement Bay Brokers LLC License #26554 Listed on: 01/28/2021

Co-Listed By

Merac Crawford

Mondau Real Estate License #109142

Last Buyer's Agent

Amnon Bruck

Realogics Sotheby's Int'l Rlty License #27613

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1722448

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,932

Year Built

  • Built in 1979

Lot Details

  • 8,800 Sq Ft Lot
  • Cul-De-Sac
  • Property is in average condition

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,696 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • City Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • High Speed Internet

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 555400-012-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,932

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3696
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Playground,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Cul-De-Sac
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 5400

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 555400-012-0
  • Lot Size Acres: 0.202
  • Lot Size Sq Ft: 8800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4720

Multi Family

  • Gross Scheduled Income: 56640
  • Net Operating Income: 43308
  • Number Of Units Total: 4
  • Insurance Expense: 1000
  • Leasable Area: 3728
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6932

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 1, 2021
Sold by
Mccullough Bart J and Mccullough Emily A
Bought by
Zalzman Menachem Meni and Zalzman Einat Keshet
Seller's Agent
Nicolas Lind
Commencement Bay Brokers LLC
Buyer's Agent
Amnon Bruck
Realogics Sotheby's Int'l Rlty
List Price
$755,000
Sold Price
$778,000
Premium/Discount to List
$23,000
3.05%
Current Estimated Value
$884,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,708
Avg. Annual Appreciation
2.83%
Original Mortgage
$568,500
Outstanding Balance
$509,620
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$375,088

Purchase Details

Closed on
Jul 25, 2011
Sold by
Jade Property Investors Inc
Bought by
Mccullough Bart J and Mccollough Emily A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,700
Interest Rate
4.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 3, 2005
Sold by
Whipps Jared
Bought by
Jade Property Investors Inc

Purchase Details

Closed on
Sep 5, 2003
Sold by
Hartsfield Terence
Bought by
Whipps Jared

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,272
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2002
Sold by
Cook Sandra Michele
Bought by
Hartsfield Terence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,950
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 1999
Sold by
Cook Daniel B
Bought by
Cook Sandra Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.56%
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
Zalzman Menachem Meni $778,000 Rainier Title
Mccullough Bart J $384,700 Chicago Title
Jade Property Investors Inc $369,950 Pnwt
Whipps Jared $285,550 Pnwt
Hartsfield Terence $233,700 First American Title Ins Co
Cook Sandra Michele -- --
Cook Sandra Michele $209,411 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zalzman Menachem Meni $568,500
Previous Owner Mccullough Bart J $364,700
Previous Owner Whipps Jared $271,272
Previous Owner Hartsfield Terence $186,950
Previous Owner Cook Sandra Michele $135,000
Closed Hartsfield Terence $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2021 03/03/21 Sold $778,000 +3.0% $210 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $755,000 -- $204 / 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 $9,547 $916,400 $223,200 $693,200
2024 $9,547 $914,800 $215,700 $699,100
2023 $9,547 $858,500 $206,400 $652,100
2022 $8,523 $811,500 $201,600 $609,900
2021 $7,564 $602,400 $110,600 $491,800
2019 $5,785 $511,600 $89,100 $422,500
2018 $6,285 $445,500 $77,800 $367,700
2017 $5,708 $398,200 $58,500 $339,700
2016 $4,613 $312,000 $41,600 $270,400
2014 $4,405 $265,500 $40,300 $225,200
2013 $4,405 $223,100 $37,700 $185,400
Source: Public Records

Agents Affiliated with this Home

  • Nicolas Lind

    Seller's Agent in 2021

    Nicolas Lind

    Commencement Bay Brokers LLC

    (253) 851-2897

    21 in this area

    282 Total Sales

    Nicolas Lind
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Merac Crawford

    Mondau Real Estate

    (253) 254-5308

    6 in this area

    38 Total Sales

    Merac Crawford
    Section Image
  • Amnon Bruck

    Buyer's Agent in 2021

    Amnon Bruck

    Reaologics Sothebys International Realty

    (425) 533-1443

    1 in this area

    112 Total Sales

    Amnon Bruck
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1722448

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0120

Washington Pierce County Tacoma 98409 South Tacoma

3941 Mason Loop Rd, Tacoma, WA

This home is located at 3941 Mason Loop Rd, Tacoma, WA 98409 since 28 January 2021 and is currently estimated at $884,708, approximately $239 per square foot. This property was built in 1979. 3941 Mason Loop Rd is a home located in Pierce County with nearby schools including Whittier Elementary School, Wainwright Intermediate School, and Foss High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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