Listed by Aqua, Bought with Inspire Realty
NOT LISTED FOR SALE

Estimated Value: $844,975 - $875,000

8 Beds
4 Baths
3,612 Sq Ft
$238/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $731,250 $202 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,404/month

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of October 2021

4 unit multi-family complex located in University Place near JBLM, Tacoma Mall, w easy access to I-5. 3 out 4 units have been completely remodeled with new finishes. Each unit is 2 bedrooms and 1 bathroom 903 sqft, living room with fire place, full kitchen with 1 year old stainless steel appliances and a washer/dryer in each unit. New Electrical boxes in all units. Unit C has a new hot water tank. Currently all units rented way below rent market, fairly similar units rented $1600 a month. Fully occupied at the moment, two units applied in July 2021 to get help with Tacoma Pierce county charity rent tenant assistance and have an active case, currently are not paying rent. Covered parking for each unit.

Last Agent to Sell the Property

Mihail Gutu

Aqua License #118348 Listed on: 10/18/2021

Last Buyer's Agent

Ahmad Rabi

Inspire Realty License #116725

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1854365

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,947

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 9,700 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

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

Interior Spaces

  • 3,612 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Edison Elementary School
  • Gray Middle School
  • Foss High School

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 655400-001-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,947

Year Built

Built in 1982 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1982
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3612
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma utilities
  • SewerCompany: Tacoma Utilities
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 5913

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Gray

Lot Info

  • Parcel Number: 655400-001-0
  • Lot Size Acres: 0.2227
  • Lot Size: .223 ac/9,700 sf
  • Lot Size Sq Ft: 9700
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 4950

Multi Family

  • Gross Scheduled Income: 59400
  • Net Operating Income: 39059
  • Number Of Units Total: 4
  • Insurance Expense: 2672
  • Leasable Area: 3612
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6947

MLS Schools

  • Elementary School: Edison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2021
Closed on
Oct 22, 2021
Sold by
Rabi Feras
Bought by
Mehsen Hadeel Abu
Seller's Agent
Mihail Gutu
Aqua
Buyer's Agent
Ahmad Rabi
Inspire Realty
List Price
$750,000
Sold Price
$731,250
Premium/Discount to List
-$18,750
-2.5%
Current Estimated Value
$852,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,339
Avg. Annual Appreciation
4.38%
Original Mortgage
$618,750
Outstanding Balance
$570,464
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$290,461

Purchase Details

Listed on
Oct 18, 2021
Closed on
Oct 20, 2021
Sold by
C Street Apartments Llc
Bought by
Mehsen Hadeel Abu
Seller's Agent
Mihail Gutu
Aqua
Buyer's Agent
Ahmad Rabi
Inspire Realty
List Price
$750,000
Sold Price
$731,250
Premium/Discount to List
-$18,750
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Outstanding Balance
$570,464
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$290,461

Purchase Details

Closed on
Feb 11, 2020
Sold by
Reesing Teresa Lee
Bought by
C Street Apartments Llc

Purchase Details

Listed on
Oct 4, 2018
Closed on
Jan 9, 2019
Sold by
Langsford Andrew
Bought by
Reesing Teresa Lee
Seller's Agent
Jamie Langsford
Venture Real Estate Group LLC
List Price
$685,000
Sold Price
$670,000
Premium/Discount to List
-$15,000
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$469,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2017
Closed on
Feb 2, 2018
Sold by
Langsford Jamie
Bought by
Langsford Andrew
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Andrew Langsford
Venture Real Estate Group LLC
List Price
$450,000
Sold Price
$477,000
Premium/Discount to List
$27,000
6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.54%
Original Mortgage
$357,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2017
Closed on
Jan 25, 2018
Sold by
Eisenstein Eric and Eisenstein Ashley
Bought by
Langsford Andrew
Seller's Agent
Andrew Langsford
Venture Real Estate Group LLC
Buyer's Agent
Andrew Langsford
Venture Real Estate Group LLC
List Price
$450,000
Sold Price
$477,000
Premium/Discount to List
$27,000
6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2015
Sold by
Baeyou Properties Llc
Bought by
Eisenstein Eric and Eisenstein Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2014
Sold by
Bae Kwang Chun and Bae Jeong Soo
Bought by
Baeyou Properties Llc

Purchase Details

Closed on
Mar 2, 2012
Sold by
Federal National Mortgage Association
Bought by
Bae Kwang Chun and Bae Jeong Soon

Purchase Details

Closed on
May 13, 2011
Sold by
Goodman Donald L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 30, 2000
Sold by
Krenzke Martha L
Bought by
Goodman Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,959
Interest Rate
8.2%
Mortgage Type
FHA
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
Mehsen Hadeel Abu -- Equity Title Of Wa Llc
Mehsen Hadeel Abu $731,250 Equity Title Of Wa Llc
C Street Apartments Llc -- None Available
Reesing Teresa Lee $670,000 First American Title
Langsford Andrew -- First American Title Company
Langsford Andrew $476,719 First American Title Insuran
Eisenstein Eric $359,719 First American Title Ins Co
Baeyou Properties Llc -- None Available
Bae Kwang Chun $279,000 Fidelity National Title
Federal National Mortgage Association $306,453 None Available
Goodman Donald $219,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehsen Hadeel Abu $618,750
Closed Mehsen Hadeel Abu $610,000
Previous Owner Reesing Teresa Lee $482,000
Previous Owner Reesing Teresa Lee $469,000
Previous Owner Langsford Andrew $357,750
Previous Owner Eisenstein Eric $258,750
Previous Owner Goodman Donald L $297,500
Previous Owner Goodman Donald $100,000
Previous Owner Goodman Donald $186,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $731,250 -2.5% $202 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $750,000 +11.9% $208 / Sq Ft
01/11/2019 01/11/19 Sold $670,000 -0.7% $185 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/13/2018 11/13/18 Price Changed $675,000 -1.5% $187 / Sq Ft
10/28/2018 10/28/18 For Sale $685,000 0.0% $190 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $685,000 +43.6% $190 / Sq Ft
02/02/2018 02/02/18 Sold $477,000 +6.0% $132 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
12/17/2017 12/17/17 For Sale $450,000 0.0% $125 / Sq Ft
12/08/2017 12/08/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $450,000 -- $125 / 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 $9,102 $883,000 $227,700 $655,300
2024 $9,102 $879,100 $220,100 $659,000
2023 $9,102 $818,400 $210,500 $607,900
2022 $7,873 $757,700 $216,800 $540,900
2021 $6,959 $554,200 $119,000 $435,200
2019 $5,218 $465,900 $95,800 $370,100
2018 $5,710 $401,700 $83,700 $318,000
2017 $5,118 $361,700 $66,200 $295,500
2016 $4,197 $279,600 $47,100 $232,500
2014 $3,994 $241,500 $45,600 $195,900
2013 $3,994 $202,400 $42,700 $159,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1854365

Northwest Multiple Listing Service (NWMLS)

APN: 655400-0010