Listed by John L. Scott, Inc, Bought with Real Broker LLC
NOT LISTED FOR SALE

4502 S Puget Sound Ave Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $445,000 - $587,000

4 Beds
2 Baths
1,712 Sq Ft
$292/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $275,000 $161 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,045/month

86 Days on Market

Highlights

  • RV Access or Parking
  • Wood Siding
  • 1-Story Property
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of November 2018

Excellent opportunity to own this duplex in Tacoma near Tacoma mall. Each side is 2 bed 1 bath, bathrooms were remodeled in 2014. Long term tenants that would like to stay. Rents are below market with lots of room to increase your cash flow. Excellent location minutes to shopping, restaurants, parks and freeways. Don't miss out on this investment opportunity! Call your agent today!

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 08/07/2018

John L. Scott, Inc

Last Buyer's Agent

Matt Mcgaffey

Real Broker LLC License #27416

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1341157

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,925

Year Built

  • Built in 1941

Lot Details

  • 4,304 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Cable TV Available

Community Details

  • Tacoma Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 289002645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,925

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1941
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1712
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 2040

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 289002645
  • Lot Size Acres: 0.0988
  • Lot Size Sq Ft: 4304
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1825

Multi Family

  • Gross Scheduled Income: 21900
  • Net Operating Income: 16135
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 1712
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2925

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Nov 27, 2018
Sold by
Perkins Jack and Perkins Lynnette
Bought by
Ismailov Nurbek
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Matt Mcgaffey
Real Broker LLC
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$499,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,836
Avg. Annual Appreciation
9.11%
Original Mortgage
$206,250
Outstanding Balance
$181,711
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$318,125

Purchase Details

Closed on
Sep 16, 2013
Sold by
Bank Of America Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Sep 5, 2013
Sold by
Ha Tien
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 24, 2008
Sold by
Bays John R
Bought by
Ha Tien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,031
Interest Rate
6.11%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2006
Sold by
The Bank Of New York
Bought by
Hess Loren Jerry and Hess Barbara L

Purchase Details

Closed on
Jan 9, 2006
Sold by
Padilla Mario A and Padilla Elizabeth G
Bought by
Bays John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,549
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 27, 2004
Sold by
Hess Loren Jerry and Hess Barbara L
Bought by
Padilla Mario A and Padilla Elizabeth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Ismailov Nurbek $274,719 Fidelity National Title Comp
Ismailov Nurbek $274,719 Fidelity National Title Comp
The Secretary Of Housing & Urban Develop -- Nextitle
Bank Of America Na $102,350 Nextitle
Ha Tien $224,500 The Talon Group
Hess Loren Jerry -- Lawyers Title
Bays John R $226,937 First American Title Ins Co
Padilla Mario A $100,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ismailov Nurbek $206,250
Closed Ismailov Nurbek $206,250
Previous Owner Ha Tien $221,031
Previous Owner Bays John R $181,549
Previous Owner Padilla Mario A $80,000
Closed Padilla Mario A $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2018 11/30/18 Sold $275,000 -3.5% $161 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
09/18/2018 09/18/18 Price Changed $285,000 -4.7% $166 / Sq Ft
09/18/2018 09/18/18 For Sale $299,000 0.0% $175 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $299,000 +164.6% $175 / Sq Ft
03/26/2014 03/26/14 Sold $112,980 -4.3% $70 / Sq Ft View Prior Sale
02/20/2014 02/20/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $118,000 -- $73 / 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 $4,606 $430,200 $192,800 $237,400
2024 $4,606 $439,700 $186,300 $253,400
2023 $4,606 $413,600 $178,200 $235,400
2022 $3,893 $395,200 $169,200 $226,000
2021 $3,509 $279,000 $92,800 $186,200
2019 $2,972 $261,800 $74,800 $187,000
2018 $2,925 $228,500 $65,300 $163,200
2017 $2,625 $185,000 $47,700 $137,300
2016 $2,153 $143,200 $33,900 $109,300
2014 $2,094 $123,700 $32,800 $90,900
2013 $2,094 $105,600 $30,700 $74,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1341157

Northwest Multiple Listing Service (NWMLS)

APN: 289000-2645