Listed by RNLNG, Inc., Bought with John L. Scott, Inc
$515,000
SOLD APR 19, 2021

4538 S Puget Sound Ave Unit A & B Tacoma, WA 98409

South Tacoma Neighborhood
-- Bed
-- Bath
2,468 Sq Ft
3,052 Sq Ft Lot

Recently Sold

$209 Per Sq Ft

6% Above List Price

42 Days on Market

Highlights

  • Patio
  • Wall to Wall Carpet
  • 5-minute walk to South Park

About This Home

As of October 2024

TURN-KEY INVESTMENT!! 5% Cap Rate!! Town house style duplex built in 2007, making it a minimal maintenance investment opportunity! Fully occupied and tenants pay all utilities. Each spacious unit has 1234 sf and 3bd/1.75ba. The main level features a large living room and kitchen area. The upper level features a large master suite, 2 spacious secondary bedrooms, main bath with stack washer and dryer. Each unit includes a 1-car garage plus 1 additional uncovered parking. Great location with easy access to I-5, shopping, and South Tacoma Mall.

Last Agent to Sell the Property

Sheilia McLaughlin

RNLNG, Inc. License #25318 Listed on: 02/06/2021

RNLNG, Inc.

Last Buyer's Agent

Terry Vo

John L. Scott, Inc License #30571

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1725861

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,934

Year Built

  • Built in 2007

Lot Details

  • 3,052 Sq Ft Lot
  • Property is in good condition

Home Design

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

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Community Details

  • Cascade Park Condos
  • South Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 2890002702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,934

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: SAG must be present at all showings
  • Special Features: None
  • Cumulative Days on Market: 340

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Stone, 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma PUD
  • SewerCompany: Tacoma PUD
  • WaterCompany: Tacoma PUD
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 2890002702
  • Lot Size Acres: 0.0701
  • Lot Size Sq Ft: 3052
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 17

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 25635
  • Number Of Units Total: 2
  • Insurance Expense: 631
  • Leasable Area: 2468
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4934

MLS Schools

  • Elementary School: Reed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Sep 24, 2024
Sold by
Vong Sinh and Luu May
Bought by
Farrington Stanley and Farrington Elizabeth
Seller's Agent
Terry Vo
John L. Scott, Inc
Buyer's Agent
Lisa Wray
eXp Realty
List Price
$609,950
Sold Price
$593,000
Premium/Discount to List
-$16,950
-2.78%
Views
142
Current Estimated Value
$636,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,133
Avg. Annual Appreciation
5.99%
Original Mortgage
$444,750
Outstanding Balance
$441,024
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$181,316

Purchase Details

Listed on
Feb 6, 2021
Closed on
Apr 14, 2021
Sold by
Wallace Ho and Herbert Ho Herbert
Bought by
Vong Sinh C and May Luu May
Seller's Agent
Sheilia McLaughlin
RNLNG, Inc.
Buyer's Agent
Terry Vo
John L. Scott, Inc
List Price
$485,000
Sold Price
$515,000
Premium/Discount to List
$30,000
6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$386,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2011
Sold by
Ho Melody
Bought by
Ho Herbert

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
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 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
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 Type Sale Price Title Company
Warranty Deed $593,000 Wfg National Title
Warranty Deed $515,000 Cw Title
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $199,000 First American Title Ins Co
Trustee Deed $289,808 Accommodation
Warranty Deed $345,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $444,750 New Conventional
Previous Owner $386,250 New Conventional
Previous Owner $159,200 New Conventional
Previous Owner $276,000 Purchase Money Mortgage
Previous Owner $34,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2024 10/03/24 Sold $593,000 -1.2% $240 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/02/2024 08/02/24 Price Changed $599,950 -1.6% $243 / Sq Ft
07/02/2024 07/02/24 For Sale $609,950 +18.4% $247 / Sq Ft
04/19/2021 04/19/21 Sold $515,000 +6.2% $209 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $485,000 -5.8% $197 / Sq Ft
02/20/2021 02/20/21 Off Market $515,000 -- --
02/13/2021 02/13/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $485,000 0.0% $197 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $485,000 -- $197 / 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 $6,015 $577,600 $185,700 $391,900
2024 $6,015 $581,100 $179,400 $401,700
2023 $6,015 $540,500 $171,600 $368,900
2022 $5,264 $516,900 $155,500 $361,400
2021 $4,728 $376,200 $85,300 $290,900
2019 $4,127 $363,900 $68,700 $295,200
2018 $4,221 $317,600 $60,000 $257,600
2017 $570 $267,200 $43,200 $224,000
2016 $524 $208,800 $30,700 $178,100
2014 $553 $178,000 $29,800 $148,200
2013 $553 $149,800 $27,800 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1725861

Northwest Multiple Listing Service (NWMLS)

APN: 289000-2702