Seller's Agent in 2015
Ryan Meacham
Engel & Voelkers Chambers Bay
(253) 222-5883
11 in this area
92 Total Sales
Listed by Engel & Voelkers Chambers Bay, Bought with Windermere Prof Partners
514 S 56th St Tacoma, WA 98408
South End NeighborhoodEstimated Value: $443,000 - $514,000
5
Beds
2
Baths
1,756
Sq Ft
$275/Sq Ft
Est. Value
Highlights
- Property is Fully Fenced
- Wood Siding
- Wall to Wall Carpet
About This Home
As of October 2015Craftsman duplex priced BELOW tax assessed value with a 2 bed / 1 bath spacious unit & a second 1 bed / 1 bath unit incl a large 2 car garage on a 9000 SF lot. The location offers incredible rental visibility and excellent access to the local grocery. Both units feature separate electrical meters and entrances. With some updating, this duplex could bring and EXCELLENT return on investment. A second option is to use this as a primary residence w/ a rental unit to help pay expenses. Plan smart!
Last Agent to Sell the Property
Engel & Voelkers Chambers Bay License #11565 Listed on: 07/14/2015
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 819200
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,566
Year Built
- Built in 1908
Lot Details
- 9,000 Sq Ft Lot
- Property is Fully Fenced
- Property is in average condition
Home Design
- Duplex
- Poured Concrete
- Composition Roof
- Wood Siding
- Vinyl Construction Material
Interior Spaces
- 1,756 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Vinyl
Parking
- 2 Parking Spaces
- 2 Covered Spaces
Additional Features
- Outbuilding
- Cable TV Available
Community Details
- South Tacoma Subdivision
Listing and Financial Details
- Assessor Parcel Number 6690000660
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2015
Closed on
Oct 19, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Li Kam Wing and Li Rowena Mei Wah
Seller's Agent
Ryan Meacham
Engel & Voelkers Chambers Bay
Buyer's Agent
Mike Tipton
Windermere Prof Partners
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,110
Avg. Annual Appreciation
14.18%
Purchase Details
Closed on
Jan 31, 2015
Sold by
Posley Joan
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Aug 29, 2007
Sold by
Le Gault Mavis I
Bought by
Posley Joan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,580
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 13, 1998
Sold by
Legault Mavis I
Bought by
Legault Arthur J and Legault Mavis I
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li Kam Wing | $125,000 | None Available | |
| Federal Home Loan Mortgage Corporation | -- | Nextitle | |
| Posley Joan | $185,579 | Ticor | |
| Legault Arthur J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Posley Joan | $185,580 | |
| Closed | Legault Arthur J | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2015 10/16/15 | Sold | $125,000 | -16.6% | $71 / Sq Ft |
| 09/24/2015 09/24/15 | Pending | -- | -- | -- |
| 07/14/2015 07/14/15 | For Sale | $149,900 | -- | $85 / 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 | $4,231 | $418,700 | $205,400 | $213,300 |
| 2024 | $4,231 | $407,100 | $197,900 | $209,200 |
| 2023 | $4,231 | $379,900 | $188,500 | $191,400 |
| 2022 | $4,211 | $433,300 | $179,100 | $254,200 |
| 2021 | $3,875 | $308,200 | $114,100 | $194,100 |
| 2019 | $3,282 | $278,200 | $94,300 | $183,900 |
| 2018 | $3,310 | $252,400 | $76,400 | $176,000 |
| 2017 | $2,938 | $209,400 | $62,200 | $147,200 |
| 2016 | -- | $157,300 | $46,500 | $110,800 |
| 2014 | $2,215 | $147,500 | $43,800 | $103,700 |
| 2013 | $2,215 | $129,100 | $38,600 | $90,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Meacham
-
Mike Tipton
Buyer's Agent in 2015
Mike Tipton
Windermere Professional Partners
(253) 431-1108
2 in this area
21 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 819200
APN: 669000-0660
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Based on information submitted to the MLS GRID
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