NOT LISTED FOR SALE

3950 Mason Loop Rd Unit 4plex Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $895,708 - $905,000

8 Beds
4 Baths
3,672 Sq Ft
$245/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $357,000 $97 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $5,495/month

2 Days on Market

Highlights

  • Deck
  • Ceramic Tile Flooring
  • High Speed Internet
  • Patio

About This Home

As of June 2016

Stays rented and is a cash cow.
Nice landscaped and treed lot with 2 parking spaces per unit. Well maintained units with upgrades in the kitchen, bathrooms, and flooring.
Each unit has 2 bedrooms with 2 walk in closets, washer/dryer, dishwasher, disposal, wood fire place, storage unit, and one bath. Two units down both have a fenced yard and patio. Both units up have a deck.

Co-Listed By

Jean-Louis Gazabat

Better Properties Gig Harbor License #11719

Last Buyer's Agent

Rachelle Willhite

Best Choice Realty LLC License #18762

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 926374

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,709

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 3,672 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 5554000220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,709

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: 3672
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Wood
  • PowerCompany: Puget Sound
  • SewerCompany: Tacoma Pub. U
  • WaterCompany: Tac Pub U
  • WaterSewerGarbage: 4531

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5554000220
  • Lot Size Acres: 0.2548
  • Lot Size Sq Ft: 11100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family
  • LotNumber: 22

Green Features

  • Power Production Type: Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3544

Multi Family

  • Gross Scheduled Income: 35176
  • Number Of Units Total: 4
  • Electric Expense: 240
  • Insurance Expense: 811
  • Leasable Area: 3675
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4709

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2019
Sold by
Chan Leung Wai
Bought by
Chan Leung Wai and Zhou Ziwen
Current Estimated Value
$900,354

Purchase Details

Listed on
Apr 15, 2016
Closed on
Jun 21, 2016
Sold by
Zhou Ziwen
Bought by
Chan Leung Wai
Buyer's Agent
Rachelle Willhite
Best Choice Realty LLC
List Price
$357,000
Sold Price
$357,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$267,750
Outstanding Balance
$213,099
Interest Rate
3.57%
Mortgage Type
Commercial
Estimated Equity
$687,255

Purchase Details

Closed on
Mar 14, 2014
Sold by
Dunda Jessica and Dunda Shea
Bought by
Gazabat Kim Edward and Gazabat Brenda E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2010
Sold by
Fannie Mae
Bought by
Dunda Jessica and Dunda Shea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,437
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 2010
Sold by
Clark Rashan O
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 23, 2007
Sold by
Clark Rashan
Bought by
Docs Properties Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Gebre Tekle G
Bought by
Clark Rashan O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2003
Sold by
Henderson Nancy L
Bought by
Gebre Tekle G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,375
Interest Rate
5.93%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 1999
Sold by
Landrud D Roger
Bought by
Henderson Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,305
Interest Rate
7.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 1995
Sold by
Landrud D Roger and Landrud Carolyn W
Bought by
Landrud D Roger and Landrud Carolyn W
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
Chan Leung Wai -- None Available
Chan Leung Wai -- First American Title Ins Co
Chan Leung Wai $356,719 First American Title Ins Co
Gazabat Kim Edward $306,719 Wfg Natl Title
Dunda Jessica -- Ort
Federal National Mortgage Association $283,920 Fatco
Docs Properties Llc -- None Available
Clark Rashan O $395,000 Lawyers Title
Gebre Tekle G $245,000 Stewart Title
Henderson Nancy L $190,797 Chicago Title Insurance Co
Landrud D Roger -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Leung Wai $267,750
Previous Owner Gazabat Kim Edward $147,000
Previous Owner Dunda Jessica $175,437
Previous Owner Clark Rashan O $355,000
Previous Owner Gebre Tekle G $228,375
Previous Owner Henderson Nancy L $159,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $357,000 0.0% $97 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $357,000 -- $97 / 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 $8,660 $832,900 $234,100 $598,800
2024 $8,660 $830,100 $226,300 $603,800
2023 $8,660 $778,600 $216,400 $562,200
2022 $7,691 $740,300 $213,400 $526,900
2021 $6,796 $541,200 $117,100 $424,100
2019 $5,218 $458,700 $94,300 $364,400
2018 $5,644 $401,700 $82,400 $319,300
2017 $5,110 $357,500 $62,500 $295,000
2016 $4,147 $279,300 $44,500 $234,800
2014 $4,015 $238,600 $43,100 $195,500
2013 $4,015 $201,300 $40,300 $161,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller Co-Listing Agent in 2016

    Jean-Louis Gazabat

    Better Properties Gig Harbor

  • Rachelle Willhite

    Buyer's Agent in 2016

    Rachelle Willhite

    Best Choice Realty Brokerage

    (206) 947-0811

    112 Total Sales

    Rachelle Willhite
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 926374

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0220

Washington Pierce County Tacoma 98409 South Tacoma

3950 Mason Loop Rd Unit 4plex, Tacoma, WA

This home is located at 3950 Mason Loop Rd Unit 4plex, Tacoma, WA 98409 since 15 April 2016 and is currently estimated at $900,354, approximately $245 per square foot. This property was built in 1979. 3950 Mason Loop Rd Unit 4plex 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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