Listed by Windermere Prof Partners, Bought with COMPASS
NOT LISTED FOR SALE

4038 S Lawrence St Unit A & B Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $682,000 - $837,000

8 Beds
4 Baths
2,558 Sq Ft
$297/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $420,000 $164 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,577/month

3 Days on Market

Highlights

  • Newly Remodeled
  • Thermal Windows
  • High Speed Internet
  • Deck
  • Patio
  • Property is in very good condition

About This Home

As of February 2018

Immaculate 2017 built Duplex in booming area of Tacoma! Investors dream w/ $3205 combined monthly rent & tenants pay all utilities. Units have never been vacant. Each unit feat. 4 beds, 2.25 bath, 8# Carpet Pad, Kitchen has Quartz Counters/Full Height Tile B-Splash/Eng. Hardwood/SS-Appl (range, micro, fridge, dishwasher, wash/dry) Wine Rack/Pantry/Island, White Blinds & Millwork thrghout, sound dead wall. Great access to 705, 16, I-5; short walk to Tacoma Mall. Rents & Demand only growing here.

Last Agent to Sell the Property

Justin Mugford

Windermere Prof Partners License #118787 Listed on: 01/26/2018

Windermere Prof Partners

Last Buyer's Agent

Peng Tea

COMPASS License #22024881

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1238518

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $519

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 3,150 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,558 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Cascade Park Condos
  • Tacoma Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890000213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$519

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2017
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cascade Park
  • New Construction: Yes
  • CalculatedSquareFootage: 2558
  • EffectiveYearBuiltSource: Public Records
  • NewConstruction: Completed
  • Special Features: NewHome

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2890000213
  • Lot Size Acres: 0.0723
  • Lot Size: 50' x 63' appox.
  • Lot Size Sq Ft: 3150
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 38460
  • Net Operating Income: 36711
  • Number Of Units Total: 2
  • Insurance Expense: 1141
  • Leasable Area: 2558
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 519

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 27, 2018
Sold by
Acift 3 Llc
Bought by
Grimaldo Jose G and Grimaldo Jill Anna
Seller's Agent
Justin Mugford
Windermere Prof Partners
Buyer's Agent
Peng Tea
COMPASS
List Price
$419,950
Sold Price
$420,000
Premium/Discount to List
$50
0.01%
Current Estimated Value
$760,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,601
Avg. Annual Appreciation
8.13%
Original Mortgage
$315,000
Outstanding Balance
$267,720
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$492,881

Purchase Details

Closed on
Oct 13, 2015
Sold by
Olevit Properties Llc
Bought by
Acift 3 Llc

Purchase Details

Closed on
Jul 14, 2014
Sold by
Kaja Holdings 2 Llc
Bought by
Olevit Properties Llc

Purchase Details

Closed on
Jan 19, 2014
Sold by
Federal National Mortgage Association
Bought by
Kaja Holdings 2 Llc

Purchase Details

Closed on
May 8, 2013
Sold by
Billock Ronald P and Billock Denise M
Bought by
Federal National Mortgage Association
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
Grimaldo Jose G $419,719 Ticor Title
Acift 3 Llc $69,669 None Available
Olevit Properties Llc $31,419 First American Title Ins Co
Kaja Holdings 2 Llc $22,850 Service Link
Federal National Mortgage Association $138,971 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimaldo Jose G $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $420,000 -6.7% $164 / Sq Ft
02/03/2018 02/03/18 Price Changed $449,950 +7.1% $176 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $419,950 -- $164 / 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 $6,539 $629,300 $186,200 $443,100
2024 $6,539 $634,000 $179,900 $454,100
2023 $6,539 $587,700 $172,100 $415,600
2022 $5,794 $565,900 $156,700 $409,200
2021 $5,170 $411,500 $86,000 $325,500
2019 $4,493 $396,100 $69,200 $326,900
2018 $3,990 $345,800 $60,500 $285,300
2017 $520 $252,600 $43,600 $209,000
2016 $476 $28,000 $28,000 $0
2014 $503 $27,100 $27,100 $0
2013 $503 $25,400 $25,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1238518

Northwest Multiple Listing Service (NWMLS)

APN: 289000-0213