NOT LISTED FOR SALE

Estimated Value: $698,000 - $823,000

4 Beds
2 Baths
1,860 Sq Ft
$407/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $370,000 $199 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $4,735/month

230 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Siding

About This Home

As of January 2018

Investor Alert - 2 homes on one 9000 square foot lot. Newer home built in 1997 has 5 bedrooms, 1.75 baths and 900+ square feet of dry storage in the basement. Smaller home is a 600 square feet - 1 bed/1 bath. Tenant in larger home has been there for 5+ years. Seller took steps to subdivide the property several years back and City approved that plan; however, Seller decided not to complete that option - those plans are available. Combined rent $2,500+

Last Listed By

Shannon Bell-Peterson

RE/MAX Honors License #89767 Listed on: 06/09/2017

RE/MAX Honors

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1141121

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,141

Year Built

  • Built in 1997

Lot Details

  • 9,000 Sq Ft Lot
  • Corner Lot

Home Design

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • 2-Story Property
  • Cable TV Available

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 413500-150-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,141

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 353

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 1800

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 413500-150-1
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 30120
  • Net Operating Income: 21553
  • Number Of Units Total: 1
  • Insurance Expense: 626
  • Leasable Area: 2460
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Mcever Susan
Bought by
Callahan Patrick and Callahan Katherine
Total Days on Market
230
Current Estimated Value
$756,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2018
Sold by
Mcever Eddie Dean and Mcever Susan
Bought by
Mcever Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,137
Interest Rate
4.7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2018
Sold by
Beantown Llc
Bought by
Callahan Katherine and Callahan Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,137
Interest Rate
4.7%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 1998
Sold by
Woodard Donna M and Gaines Robert G
Bought by
Snell Jerrell Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.89%

Range of Values:

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Average Value
Not Available
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
Callahan Patrick -- Chicago Title
Mcever Susan -- Ticor Title
Callahan Katherine $497,469 Ticor Title
Snell Jerrell Dean $180,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callahan Patrick $100,000
Open Callahan Patrick $485,000
Closed Callahan Patrick $487,000
Previous Owner Callahan Katherine $481,137
Previous Owner Snell Jerrell Dean $162,000
Closed Snell Jerrell Dean $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $370,000 -7.5% $199 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $399,950 0.0% $215 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $399,950 0.0% $215 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
08/14/2017 08/14/17 Price Changed $399,950 -5.9% $215 / Sq Ft
07/25/2017 07/25/17 Price Changed $425,000 -5.6% $228 / Sq Ft
06/19/2017 06/19/17 Price Changed $450,000 -5.3% $242 / Sq Ft
06/09/2017 06/09/17 For Sale $475,000 -- $255 / 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
2024 $6,456 $616,100 $311,300 $304,800
2023 $6,456 $580,200 $287,100 $293,100
2022 $6,062 $619,200 $286,900 $332,300
2021 $5,795 $461,300 $181,900 $279,400
2019 $4,660 $416,600 $153,600 $263,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1141121

Northwest Multiple Listing Service (NWMLS)

APN: 413500-1502