Listed by RE/MAX Northwest, Bought with Better Properties N. Proctor
NOT LISTED FOR SALE

401 116th St S Tacoma, WA 98444

Estimated Value: $376,971 - $465,000

5 Beds
3 Baths
2,100 Sq Ft
$209/Sq Ft Est. Value

Last Sold August 20, 2013

Last sale price $138,000 $66 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $2,791/month

362 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of August 2013

Updated Triplex in good condition, sweet little investment opportunity, the property is very close to Pacific Lutheran University. Live in one of the units and have your tenants pay for your loan.
Property sits on 10,000 square foot lot with plenty of space for expansion.

Last Agent to Sell the Property

Sonia Grunberg

RE/MAX Northwest License #18148 Listed on: 02/02/2012

RE/MAX Northwest

Last Buyer's Agent

Jim Marso

Better Properties N. Proctor License #6021

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 316218

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,327

Year Built

  • Built in 1931

Lot Details

  • 10,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,100 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2240002420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,327

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1931
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2100
  • SOCComments: subject to lien-holder
  • Special Features: 4108
  • Cumulative Days on Market: 2,051

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 1667

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 2400

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2240002420
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 22980

Multi Family

  • Gross Scheduled Income: 22620
  • Net Operating Income: 15381
  • Number Of Units Total: 3
  • Electric Expense: 1800
  • Insurance Expense: 752
  • Leasable Area: 2100
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2009
  • Tax Annual Amount: 2327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2012
Closed on
Aug 14, 2013
Sold by
Raphael Salwa and Bloom Leon
Bought by
Valentine Scott R
Seller's Agent
Sonia Grunberg
RE/MAX Northwest
Buyer's Agent
Jim Marso
Better Properties N. Proctor
List Price
$200,000
Sold Price
$138,000
Premium/Discount to List
-$62,000
-31%
Current Estimated Value
$436,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,794
Avg. Annual Appreciation
10.14%
Original Mortgage
$96,600
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2005
Sold by
Whalen Michael J
Bought by
Raphael Salwa and Bloom Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2003
Sold by
Schmidt Larry D
Bought by
Whalen Michael J and Whalen Angela R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
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
Valentine Scott R $138,000 Chicago Title Company
Raphael Salwa $222,500 Pnwt
Whalen Michael J $125,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine Scott R $140,000
Closed Valentine Scott R $96,600
Previous Owner Raphael Salwa $178,000
Previous Owner Whalen Michael J $100,000
Closed Raphael Salwa $22,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2013 08/20/13 Sold $138,000 -31.0% $66 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
02/02/2012 02/02/12 For Sale $200,000 -- $95 / 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 $4,793 $435,500 $207,900 $227,600
2024 $4,793 $428,400 $187,700 $240,700
2023 $4,793 $409,800 $167,900 $241,900
2022 $4,203 $391,200 $167,900 $223,300
2021 $3,777 $279,800 $97,300 $182,500
2019 $3,031 $253,400 $82,500 $170,900
2018 $3,438 $231,900 $74,000 $157,900
2017 $3,118 $200,800 $62,000 $138,800
2016 $2,769 $156,800 $47,200 $109,600
2014 $1,260 $144,700 $46,300 $98,400
2013 $1,260 $132,700 $40,500 $92,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 316218

Northwest Multiple Listing Service (NWMLS)

APN: 224000-2420