Listed by Keller Williams Rty Tacoma, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

508 114th St S Tacoma, WA 98444

Estimated Value: $437,699 - $590,000

4 Beds
2 Baths
1,434 Sq Ft
$350/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $425,000 $296 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,985/month

8 Days on Market

Highlights

  • Deck
  • Property is Fully Fenced
  • 1-Story Property
  • Wood Flooring
  • Wood Siding

About This Home

As of June 2021

Remarkable value and investment opportunity! This centrally located Tacoma duplex is nestled on a quiet street just blocks from PLU and minutes from the freeway, nearby cafes, and restaurants. You'll enjoy living in one side (#508 pictured) and collecting rent from the other side, or rent both sides for an income-producing property. Unit #508 is renovated with fresh paint, laminate flooring, SS appliances, etc. Large rear deck with built-in seating for barbecues and friends, fully fenced yards, 1 car detached garage, laundry, exterior storage space for both sides. An opportunity like this does not come often!

Last Agent to Sell the Property

Matthew Harber

Keller Williams Rty Tacoma License #25202 Listed on: 05/06/2021

Keller Williams Rty Tacoma

Co-Listed By

Guy Rowley

Keller Williams Rty Tacoma License #23862

Last Buyer's Agent

Veronika Stearns

Skyline Properties, Inc. License #130023

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1769406

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,008

Year Built

  • Built in 1952

Lot Details

  • 6,250 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,434 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2240002800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,008

Year Built

Built in 1952

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1952
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1434
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 2240002800
  • Lot Size Acres: 0.1435
  • Lot Size Sq Ft: 6250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully
  • MLSLotSizeSource: Tax Records/Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2520

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3008

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Fructuoso Daniel A Gonzales
Bought by
Martinez Fructuoso Esmeralda
Current Estimated Value
$502,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,810
Outstanding Balance
$409,526
Interest Rate
5.99%
Mortgage Type
FHA
Estimated Equity
$92,649

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 3, 2021
Sold by
Krasovskiy Amanda A and Krasovskiy Alexey G
Bought by
Martinez Andres and Fructuoso Esmeralda Martinez
Seller's Agent
Matthew Harber
Keller Williams Rty Tacoma
Buyer's Agent
Veronika Stearns
Skyline Properties, Inc.
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$417,302
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2019
Sold by
Miller Mark Shawn and Miller Cynthia L
Bought by
Krasovskiy Amanda A and Krasovskiy Alexey G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2018
Sold by
Unkrur Denis E and Unkrur Kristie L
Bought by
Miller Mark Shawn and Miller Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,033
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2001
Sold by
Harris Charles E and Harris Ann L
Bought by
Unkrur Denis E and Unkrur Kristie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,755
Interest Rate
6.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martinez Fructuoso Esmeralda -- Wfg National Title Company Of
Martinez Fructuoso Esmeralda -- Wfg National Title Company Of
Martinez Andres $425,000 Stewart Title
Krasovskiy Amanda A $242,500 Attorneys Title
Miller Mark Shawn $218,719 Chicago Title
Unkrur Denis E $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Fructuoso Esmeralda $417,810
Previous Owner Martinez Andres $417,302
Previous Owner Krasovskiy Amanda A $180,000
Previous Owner Miller Mark Shawn $215,033
Previous Owner Unkrur Denis E $118,755
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $425,000 0.0% $296 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $425,000 -- $296 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,116 $420,800 $188,400 $232,400
2024 $4,116 $404,400 $170,200 $234,200
2023 $4,116 $345,900 $146,900 $199,000
2022 $3,716 $362,800 $146,900 $215,900
2021 $3,328 $242,200 $85,200 $157,000
2019 $2,636 $204,900 $72,200 $132,700
2018 $2,924 $197,200 $64,700 $132,500
2017 $2,703 $167,000 $54,300 $112,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1769406

Northwest Multiple Listing Service (NWMLS)

APN: 224000-2800

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