NOT LISTED FOR SALE

Estimated Value: $718,000 - $879,000

4 Beds
3 Baths
2,520 Sq Ft
$327/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $689,000 $273 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,176/month

2 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Wood Siding
  • Stadium High School Rated A-
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of February 2021

Excellent investor opportunity in north end of Tacoma. Beautiful inside and out, this building is a well maintained tri-plex with two 2 bed units, and one 1 bed unit. Easy access to 16 and 705, close to stadium district and 6th Ave, and walk to restaurants, shopping, parks and hospitals. Entire building is consistently rented. One bed unit currently operates as successful short term rental with Vacasa. Option to purchase with short term rental unit fully furnished. Potential for significant upside in rents if focusing on travelling nurses.

Last Listed By

JODI Saunders

Better Properties Gig Harbor License #132136 Listed on: 12/28/2020

Better Properties Gig Harbor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1712186

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,770

Year Built

  • Built in 1905

Lot Details

  • 2,250 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Tie Down

Interior Spaces

  • 2,520 Sq Ft Home
  • 4-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 203425-005-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,770

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2520
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 283

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab, Tie Down
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 3876

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 203425-005-2
  • Lot Size Acres: 0.0517
  • Lot Size Sq Ft: 2250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3900

Multi Family

  • Gross Scheduled Income: 46800
  • Net Operating Income: 32851
  • Number Of Units Total: 3
  • Insurance Expense: 1538
  • Leasable Area: 2670
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5770

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2021
Sold by
Albers Jeffrey C and Albers Kimberly A
Bought by
401 N M Llc
Total Days on Market
2
Current Estimated Value
$823,073

Purchase Details

Listed on
Dec 28, 2020
Closed on
Feb 4, 2021
Sold by
Saunders Robert D and Saunders Jodi A
Bought by
Albers Jeffrey C and Albers Kimberly A
Seller's Agent
JODI Saunders
Better Properties Gig Harbor
List Price
$679,000
Sold Price
$689,000
Premium/Discount to List
$10,000
1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%

Purchase Details

Listed on
Sep 16, 2016
Closed on
Oct 25, 2016
Sold by
Cound Thomas M
Bought by
Saunders Robert D and Saunders Jodi A
Seller's Agent
Ethan Wing
Windermere Central Sound
Buyer's Agent
Sonia Grunberg
RE/MAX Northwest
List Price
$415,000
Sold Price
$410,000
Premium/Discount to List
-$5,000
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.02%
Original Mortgage
$205,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2013
Sold by
Arnold Torsten Karl and Arnold Lisa L
Bought by
Cound Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,310
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Dec 1, 2009
Sold by
Venture Investment Properties Llc
Bought by
Arnold Torsten K and Arnold Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2007
Sold by
Arnold Torsten Karl and Arnold Lisa L
Bought by
Venture Investment Properties Llc

Purchase Details

Closed on
Aug 1, 2007
Sold by
Peterson Mark S and Peterson Nancy M
Bought by
Arnold Torsten Karl and Arnold Lisa L

Purchase Details

Closed on
Apr 22, 2003
Sold by
Vail David B
Bought by
Peterson Mark S and Peterson Nancy M
Source: Public Records

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Range of Values:

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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
401 N M Llc -- None Available
Albers Jeffrey C $689,000 Cw Title
Saunders Robert D $409,719 Wfg Natl Title
Cound Thomas M $340,000 Cw Title
Arnold Torsten K -- Talon Group
Venture Investment Properties Llc -- Talon Group
Arnold Torsten Karl $324,600 The Talon Group
Peterson Mark S $210,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saunders Robert D $205,000
Previous Owner Cound Thomas M $347,310
Previous Owner Arnold Torsten K $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $689,000 +1.5% $273 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/28/2020 12/28/20 For Sale $679,000 +65.6% $269 / Sq Ft
11/13/2016 11/13/16 Sold $410,000 -1.2% $154 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
10/02/2016 10/02/16 For Sale $415,000 0.0% $155 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
09/20/2016 09/20/16 For Sale $415,000 -- $155 / 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
2024 $6,877 $670,600 $273,800 $396,800
2023 $6,877 $618,100 $244,000 $374,100
2022 $5,843 $605,400 $268,500 $336,900
2021 $5,716 $455,000 $177,900 $277,100
2019 $5,105 $425,200 $147,700 $277,500
2018 $5,620 $393,000 $130,900 $262,100
2017 $4,986 $356,000 $109,100 $246,900
2016 $4,846 $288,800 $75,200 $213,600
2014 $1,739 $278,900 $70,400 $208,500
2013 $1,739 $220,600 $59,400 $161,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1712186

Northwest Multiple Listing Service (NWMLS)

APN: 203425-0052