Listed by CENTURY 21 North Homes Realty, Bought with Better Properties Gig Harbor
NOT LISTED FOR SALE

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

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

Last Sold March 28, 2014

Last sale price $310,000 $84 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $5,495/month

5 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Patio
  • Territorial View
  • Cul-De-Sac
  • Property is Fully Fenced

About This Home

As of March 2014

Great income property in Tacoma....CASH COW!!!!! These units are easy to rent with long term tenants & command higher rents. Each unit has its own fireplace and washer & dryer. Large bedrooms & great kitchens make these units a piece of cake to rent. The tenants will love their own private fenced yards with patios or the upstairs large covered decks. These units have been updated & the building is full of happy tenants. Great location & an easy commute to the freeway & bus lines.

Last Agent to Sell the Property

Michael Killmer

CENTURY 21 North Homes Realty License #17893 Listed on: 02/04/2014

CENTURY 21 North Homes Realty

Last Buyer's Agent

Jean-Louis Gazabat

Better Properties Gig Harbor License #11719

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 589336

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,008

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Mason Circle Condos
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5554000220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,008

Year Built

Built in 1979 | Remodeled

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
  • Building Name: Mason Circle
  • New Construction: No
  • CalculatedSquareFootage: 3672
  • Special Features: None

Interior Features

  • Possible Use: Office
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Wood
  • WaterSewerGarbage: 4200

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,Fenced-Fully,Patio
  • ZoningClass: Office

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3830

Multi Family

  • Gross Scheduled Income: 45960
  • Net Operating Income: 34254
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3672
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4008

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

Closed on
Jun 21, 2016
Sold by
Zhou Ziwen
Bought by
Chan Leung Wai

Home Financials for this Owner

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

Purchase Details

Listed on
Feb 4, 2014
Closed on
Mar 14, 2014
Sold by
Dunda Jessica and Dunda Shea
Bought by
Gazabat Kim Edward and Gazabat Brenda E
Seller's Agent
Michael Killmer
CENTURY 21 North Homes Realty
Buyer's Agent
Jean-Louis Gazabat
Better Properties Gig Harbor
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/28/2014 03/28/14 Sold $310,000 -1.6% $84 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $315,000 -- $86 / 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

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 589336

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0220