Listed by Windermere Prof Partners, Bought with RE/MAX Northwest
NOT LISTED FOR SALE

Estimated Value: $1,018,000

8 Beds
4 Baths
3,018 Sq Ft
$337/Sq Ft Est. Value

Last Sold January 28, 2014

Last sale price $320,000 $106 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $6,076/month

219 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Wood Siding
  • Lowell Elementary School Rated A-
  • Property is Fully Fenced
  • Wall to Wall Carpet

About This Home

As of January 2014

Charming Turn of the Century Corner 4 Plex in North Tacoma. Excellent Location within 2 Blocks of Tac Gen Hospital and Mary Bridge. Never a vacancy. Nice units with period Millwork. Live in large 2 bedroom unit and rent the other 3! Great Opportunity. This property has been maintained over the years. On Site parking in rear of building, completely fenced with wrought iron, tenants love the backyard area.
Approved short sale.

Last Agent to Sell the Property

Barbara Magnuson

Windermere Prof Partners License #9942 Listed on: 10/23/2012

Windermere Prof Partners

Last Buyer's Agent

Larry Tuell

RE/MAX Northwest License #1995

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 417777

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,450

Year Built

  • Built in 1892

Lot Details

  • 5,227 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,018 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Lowell Elementary School
  • Jasonlee Middle School

Community Details

  • Old Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2034220070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,450

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1892
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3018
  • SOCComments: per lien holder approval
  • Special Features: 12

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 1000

Fee Information

  • Annual Fuel Expense: 2000

Schools

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

Lot Info

  • Parcel Number: 2034220070
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gas Available,Patio
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 32350
  • Number Of Units Total: 4
  • Insurance Expense: 1800
  • Leasable Area: 3018
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2012
  • Tax Annual Amount: 2450

MLS Schools

  • Elementary School: Lowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2012
Closed on
Jan 17, 2014
Sold by
Novicky Joanna
Bought by
Hoover Hubert E and Hoover Susan J
Seller's Agent
Barbara Magnuson
Windermere Prof Partners
Buyer's Agent
Larry Tuell
RE/MAX Northwest
List Price
$336,000
Sold Price
$320,000
Premium/Discount to List
-$16,000
-4.76%
Current Estimated Value
$1,018,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$698,000
Avg. Annual Appreciation
10.41%
Original Mortgage
$192,000
Outstanding Balance
$145,005
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$872,995

Purchase Details

Closed on
Nov 13, 2006
Sold by
Cockrell Shirley
Bought by
Novicky Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 1994
Sold by
Blackledge Lawrence Wayne
Bought by
Cockrell Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
7.1%
Mortgage Type
Seller Take Back
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
Hoover Hubert E $319,719 Ticor Title
Novicky Joanna $390,000 Rainier
Cockrell Shirley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoover Hubert E $192,000
Previous Owner Novicky Joanna $292,500
Previous Owner Cockrell Shirley $72,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2014 01/28/14 Sold $320,000 -4.8% $106 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
10/23/2012 10/23/12 For Sale $336,000 -- $111 / 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 $7,901 $893,900 $344,700 $549,200
2024 $7,901 $897,800 $323,600 $574,200
2023 $7,901 $833,900 $288,400 $545,500
2022 $6,827 $855,200 $329,700 $525,500
2021 $6,627 $651,300 $218,400 $432,900
2019 $7,302 $607,800 $181,300 $426,500
2018 $6,673 $562,500 $160,700 $401,800
2017 $5,850 $422,800 $138,700 $284,100
2016 $5,736 $342,300 $95,600 $246,700
2014 $4,873 $330,200 $89,500 $240,700
2013 $4,873 $303,100 $75,500 $227,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 417777

Northwest Multiple Listing Service (NWMLS)

APN: 203422-0070