Seller's Agent in 2025
Royal Omolade
Real Experts Realty
(253) 951-6665
2 in this area
79 Total Sales
Listed by Real Experts Realty
5036 N Frace Ave Tacoma, WA 98407
North Tacoma Neighborhood
4
Beds
2
Baths
1,391
Sq Ft
6,000
Sq Ft Lot
Highlights
- Wood Flooring
- 1 Car Attached Garage
- Forced Air Heating and Cooling System
- No HOA
- Bathroom on Main Level
- Wood Burning Fireplace
About This Home
As of July 2025Investor Special!!! – Prime Opportunity in Point Defiance! Unlock the potential of this split-entry 4-bedroom, 2-bath home—featuring 2 bedrooms upstairs and 2 below—just 3 minutes from Ruston Way and the scenic Tacoma waterfront. Located near the iconic Point Defiance Park, with its miles of trails, beaches, and the renowned zoo and aquarium, this property offers the perfect blend of nature and investment upside. Enjoy dining at local favorites at Point Defiance just minutes away. The spacious backyard with alley access invites possibilities for expansion, parking, or vibrant outdoor living. Do the work, reap the rewards—this is your chance to build equity in one of Tacoma’s most desirable neighborhoods. Home Sold As is
Last Agent to Sell the Property
Real Experts Realty License #27374 Listed on: 06/16/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2393433
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,715
Year Built
- Built in 1977
Parking
- 1 Car Attached Garage
Home Design
- Split Foyer
- Poured Concrete
- Composition Roof
- Wood Composite
Interior Spaces
- 1,391 Sq Ft Home
- Multi-Level Property
- Wood Burning Fireplace
- Dishwasher
Flooring
- Wood
- Vinyl Plank
Bedrooms and Bathrooms
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Schools
- Point Defiance Elementary School
- Truman Middle School
- Silas High School
Additional Features
- 6,000 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Point Defiance Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Assessor Parcel Number 3450001081
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2025
Closed on
Jul 28, 2025
Sold by
Okonkwo Okezie Imo Trust and Imo Akanele
Bought by
Nguyen Hieu
Seller's Agent
Royal Omolade
Real Experts Realty
List Price
$525,000
Sold Price
$405,000
Premium/Discount to List
-$120,000
-22.86%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
992.57%
Original Mortgage
$387,000
Outstanding Balance
$387,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$152,596
Purchase Details
Listed on
Jun 16, 2025
Closed on
Jun 7, 2025
Sold by
Okezie Imo Okonkwo
Bought by
Okonkwo Okezie Imo Trust and Imo
Seller's Agent
Royal Omolade
Real Experts Realty
List Price
$525,000
Sold Price
$405,000
Premium/Discount to List
-$120,000
-22.86%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Outstanding Balance
$387,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$152,596
Purchase Details
Closed on
Jun 13, 2005
Sold by
Imo Nnenna U
Bought by
Imo Okezie O and Imo Nnenna U
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
1.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 26, 2004
Sold by
Imo Okezie
Bought by
Imo Nnenna U
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 25, 1999
Sold by
Meuschke Richard A
Bought by
Meuschke Vicki M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $405,000 | First American Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $175,000 | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $387,000 | New Conventional | |
| Previous Owner | $82,500 | Credit Line Revolving | |
| Previous Owner | $66,000 | Stand Alone Second | |
| Previous Owner | $187,500 | New Conventional | |
| Previous Owner | $166,250 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $405,000 | -22.9% | $291 / Sq Ft |
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $525,000 | -- | $377 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $5,534 | $540,300 | $311,600 | $228,700 |
| 2024 | $5,534 | $525,100 | $300,800 | $224,300 |
| 2023 | $5,534 | $497,200 | $260,900 | $236,300 |
| 2022 | $4,937 | $513,400 | $274,800 | $238,600 |
| 2021 | $4,636 | $368,900 | $175,000 | $193,900 |
| 2019 | $4,073 | $338,200 | $147,700 | $190,500 |
| 2018 | $4,348 | $313,400 | $133,200 | $180,200 |
| 2017 | $3,798 | $275,300 | $100,200 | $175,100 |
| 2016 | $3,409 | $208,400 | $75,700 | $132,700 |
| 2014 | $3,043 | $196,100 | $72,800 | $123,300 |
| 2013 | $3,043 | $179,800 | $65,200 | $114,600 |
Source: Public Records
Agents Affiliated with this Home
-
Royal Omolade
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2393433
APN: 345000-1081
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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