Listed by Theory Real Estate, Bought with Windermere Central Sound
NOT LISTED FOR SALE

Estimated Value: $470,789 - $560,000

4 Beds
2 Baths
1,500 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $525,000 $350 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,125/month

5 Days on Market

Highlights

  • Deck
  • Wood Siding
  • 1-Story Property

About This Home

As of October 2021

Unbeatable location for a prime investment opportunity! Tacoma remains one of the fastest growing municipalities in the state. Don't miss this exceptional duplex; each unit has 2 bedroom / 1 bath duplex modern upgrades! New stainless steel appliances! New flooring throughout no carpet! with great rental history! Near Tacoma Mall and Bus Station. MUST SEE !!! Listed below appraised value! Photos are limited because both units are occupied!!

Last Agent to Sell the Property

JESSICA VIANEZ

Theory Real Estate License #137942 Listed on: 09/09/2021

Last Buyer's Agent

Sharon Chambers-Gordon

Windermere Central Sound License #125398

Windermere Central Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1836646

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,545

Year Built

  • Built in 1976

Lot Details

  • 5,850

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • 5,850 Sq Ft Lot

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7785001572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,545

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 1848

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 7785001572
  • Lot Size Acres: 0.1343
  • Lot Size Sq Ft: 5850
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 28561
  • Number Of Units Total: 2
  • Insurance Expense: 816
  • Leasable Area: 1500
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3545

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 21, 2021
Sold by
Tac Build Llc
Bought by
Emerald Pearl Llc
Seller's Agent
JESSICA VIANEZ
Theory Real Estate
Buyer's Agent
Sharon Chambers-Gordon
Windermere Central Sound
List Price
$499,999
Sold Price
$525,000
Premium/Discount to List
$25,001
5%
Current Estimated Value
$521,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,553
Avg. Annual Appreciation
-0.17%
Original Mortgage
$420,000
Outstanding Balance
$383,001
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,446

Purchase Details

Closed on
Oct 16, 2019
Sold by
Sarkar Kaushik
Bought by
Tac Build Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,580
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2016
Sold by
Kar Payel
Bought by
Sarkar Kaushik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2009
Sold by
Sarkar Kaushik
Bought by
Kar Payel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2009
Sold by
U S Bank National Association
Bought by
Kar Payel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2009
Sold by
Newsome James E
Bought by
U S Bank National Association

Purchase Details

Closed on
May 9, 2002
Sold by
Sharp James
Bought by
Newsome James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.18%

Purchase Details

Closed on
Aug 5, 1998
Sold by
Dow Nancy S
Bought by
Sharp James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.92%
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
Emerald Pearl Llc $525,000 Fidelity Natl Ttl Co Of Wa I
Tac Build Llc $263,000 Attorneys Title Of Wa Inc
Sarkar Kaushik $133,719 Old Republic Title Ltd
Kar Payel -- First American Title Ins Co
Kar Payel $136,000 First American Title Ins Co
U S Bank National Association $180,000 1St American
Newsome James $135,000 --
Sharp James $116,339 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emerald Pearl Llc $420,000
Previous Owner Tac Build Llc $284,580
Previous Owner Sarkar Kaushik $100,500
Previous Owner Kar Payel $108,800
Previous Owner Newsome James $108,000
Previous Owner Sharp James $90,000
Closed Newsome James $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $525,000 +5.0% $350 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $499,999 -- $333 / 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 $4,419 $486,000 $205,300 $280,700
2024 $4,419 $462,000 $198,400 $263,600
2023 $4,419 $396,800 $186,300 $210,500
2022 $3,999 $433,200 $182,400 $250,800
2021 $3,557 $282,800 $105,200 $177,600
2019 $2,791 $244,200 $91,600 $152,600
2018 $3,141 $214,500 $79,700 $134,800
2017 $2,649 $198,700 $57,800 $140,900
2016 $2,345 $142,500 $42,200 $100,300
2014 $2,087 $134,800 $41,100 $93,700
2013 $2,087 $124,400 $37,600 $86,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1836646

Northwest Multiple Listing Service (NWMLS)

APN: 778500-1572