Listed by RNLNG, Inc., Bought with Roopa Group
NOT LISTED FOR SALE

4536 S Puget Sound Ave Unit A & B Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $624,000 - $856,000

6 Beds
3 Baths
2,468 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $530,000 $215 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,285/month

11 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Wall to Wall Carpet
  • Thermal Windows

About This Home

As of January 2022

TURNKEY INVESTMENT!! 4.16% CAP RATE. BOTH UNITS ARE ON CURRENT LEASES THROUGH APRIL AND JULY 2022. Townhouse-style duplex built in 2007 making it a minimal maintenance investment opportunity! Spacious 3 bedroom/1.75 bath units with private garage. Both units are occupied, and tenants pay all utilities. Convenient to Tacoma Mall and shopping. Excellent location with easy access to I-5 and restaurants.

Last Agent to Sell the Property

Sheilia McLaughlin

RNLNG, Inc. License #25318 Listed on: 12/01/2021

RNLNG, Inc.

Last Buyer's Agent

Roopa Kannasani

Roopa Group License #23000060

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1868614

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,745

Year Built

  • Built in 2007

Lot Details

  • 3,252 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,468 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Reed Elementary School
  • Giaudrone Mid Sch Middle School
  • Foss High School

Community Details

  • No Home Owners Association
  • Cascade Park Condos
  • South Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 2890002701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,745

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cascade Park
  • New Construction: No
  • CalculatedSquareFootage: 2468
  • SOCComments: Selling Agent must be at all showings
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City of Tacoma
  • SewerCompany: City of Tacoma
  • WaterCompany: City of Tacoma
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Giaudrone Mid Sch

Lot Info

  • Parcel Number: 2890002701
  • Lot Size Acres: 0.0747
  • Lot Size Sq Ft: 3252
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 17

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17.7
  • LeasedItems: None
  • TotalMonthlyIncome: 2632

Multi Family

  • Gross Scheduled Income: 31584
  • Net Operating Income: 23259
  • Number Of Units Total: 2
  • Insurance Expense: 737
  • Leasable Area: 2468
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 9

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4745

MLS Schools

  • Elementary School: Reed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2011
Sold by
Ho Nancy Savage
Bought by
Ho Chun Sing
Current Estimated Value
$710,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Outstanding Balance
$108,537
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$602,115

Purchase Details

Closed on
Sep 1, 2011
Sold by
Ryan Clayton E and Ryan Michaelynn T
Bought by
Verity Credit Union

Purchase Details

Closed on
May 22, 2008
Sold by
Billock Ronald P and Billock Denise M
Bought by
Ryan Clayton E and Ryan Michaelynn T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2006
Sold by
Calkins Justin Kyle
Bought by
Billock Ronald P and Billock Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,400
Interest Rate
8.12%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 3, 2005
Sold by
Hyres Benjamin
Bought by
Calkins Justin Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
9.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 3, 2005
Sold by
Cunningham Steven W
Bought by
Hyres Ben P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Ho Chun Sing -- First American Title Ins Co
Ho Wallace -- First American Title Ins Co
Ho Herbert -- First American Title Ins Co
Ho Wallace $199,000 First American Title Ins Co
Verity Credit Union $289,785 Accommodation
Ryan Clayton E $345,000 Chicago Title Insurance Co
Billock Ronald P $250,000 Stewart Title
Calkins Justin Kyle $170,000 Ticor Title Of Wa Inc
Hyres Ben P $144,000 Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ho Wallace $159,200
Previous Owner Ryan Clayton E $276,000
Previous Owner Billock Ronald P $590,400
Previous Owner Calkins Justin Kyle $132,800
Previous Owner Hyres Ben P $115,200
Closed Hyres Ben P $28,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2022 01/10/22 Sold $530,000 -5.2% $215 / Sq Ft
12/12/2021 12/12/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $559,000 0.0% $226 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $559,000 0.0% $226 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $559,000 -- $226 / 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 $6,025 $578,600 $186,700 $391,900
2024 $6,025 $582,100 $180,400 $401,700
2023 $6,025 $541,400 $172,500 $368,900
2022 $5,283 $519,300 $157,900 $361,400
2021 $4,745 $377,600 $86,700 $290,900
2019 $4,140 $365,000 $69,800 $295,200
2018 $4,191 $318,600 $61,000 $257,600
2017 $582 $265,300 $44,000 $221,300
2016 $532 $207,300 $31,300 $176,000
2014 $563 $176,700 $30,300 $146,400
2013 $563 $148,800 $28,300 $120,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1868614

Northwest Multiple Listing Service (NWMLS)

APN: 289000-2701