Listed by RE/MAX Sound Properties, Bought with Coldwell Banker Danforth
NOT LISTED FOR SALE

520 98th St S Tacoma, WA 98444

Midland Neighborhood

Estimated Value: $642,000 - $765,000

4 Beds
3 Baths
3,617 Sq Ft
$190/Sq Ft Est. Value

Last Sold November 13, 2017

Last sale price $340,000 $94 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $4,347/month

45 Days on Market

Highlights

  • Partially Fenced Property
  • Wall to Wall Carpet
  • 1-Story Property
  • Wood Siding

About This Home

As of November 2017

Investment property with lots of character! Duplex in the front includes a 3 bedroom, 1.75 baths (rents for $1,075) and a 1 bedroom and 1 bath unit (rents for (rents for $775). Addition dwelling in the back has 1 bedroom, 1 bathroom and attached garage (rents for $800). This unit was remodeled a few years ago. Ample parking on site. Rents are currently low and have upside potential with a current cap rate of 5.5% - A solid positive investment.

Last Agent to Sell the Property

Nathaly Burnett

RE/MAX Sound Properties License #26663 Listed on: 08/02/2017

RE/MAX Sound Properties

Last Buyer's Agent

Mike Drake

Coldwell Banker Danforth License #27126

Coldwell Banker Danforth

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1172525

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,138

Year Built

  • Built in 1946

Lot Details

  • 0.42 Acre Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,617 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 1 Covered Space
  • Open Parking

Schools

  • James Sales Elementary School
  • Perry G Keithley Mid Middle School
  • Wash High School

Community Details

  • Fern Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319042072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,138

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1946
  • Buyer Agency Compensation: **3**
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3617
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 411

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 2028

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Wash High
  • Middle Or Junior School: Perry G Keithley Mid

Lot Info

  • Parcel Number: 0319042072
  • Lot Size Acres: 0.42
  • Lot Size Sq Ft: 18295
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2650

Multi Family

  • Gross Scheduled Income: 31800
  • Net Operating Income: 19300
  • Number Of Units Total: 6
  • Insurance Expense: 1200
  • Leasable Area: 3617
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5138

MLS Schools

  • Elementary School: James Sales Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Oct 23, 2017
Sold by
Singh Tejinderpal and Mian Atif
Bought by
Wilson Brent Kenneth and Wilson Christine H
Seller's Agent
Nathaly Burnett
RE/MAX Sound Properties
Buyer's Agent
Mike Drake
Coldwell Banker Danforth
List Price
$349,950
Sold Price
$340,000
Premium/Discount to List
-$9,950
-2.84%
Current Estimated Value
$688,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,597
Avg. Annual Appreciation
8.95%
Original Mortgage
$309,825
Interest Rate
3.83%
Mortgage Type
VA

Purchase Details

Closed on
Jan 7, 2004
Sold by
Sadiq Raheela
Bought by
Mian Atif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2004
Sold by
Miller Kenneth R
Bought by
Singh Tejinderpal and Mian Atif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Skaar Diane C
Bought by
Miller Kenneth R

Purchase Details

Closed on
Aug 22, 2003
Sold by
Gillette Linda M
Bought by
Mckean Michael A and Mckean Diane S
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
Wilson Brent Kenneth $339,719 F A T C O
Mian Atif -- Fidelity National Title Insu
Singh Tejinderpal $200,000 Fidelity National Title Comp
Miller Kenneth R $30,000 Fidelity National Title Co
Mckean Michael A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Brent Kenneth $315,077
Closed Wilson Brent Kenneth $312,825
Closed Wilson Brent Kenneth $309,825
Previous Owner Singh Tejinderpal $160,000
Closed Singh Tejinderpal $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2017 11/13/17 Sold $340,000 -2.8% $94 / Sq Ft
09/17/2017 09/17/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $349,950 -- $97 / 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 $7,221 $657,500 $200,500 $457,000
2024 $7,221 $651,200 $191,800 $459,400
2023 $7,221 $615,900 $185,300 $430,600
2022 $6,432 $621,500 $196,300 $425,200
2021 $5,680 $417,300 $130,100 $287,200
2019 $2,873 $366,800 $107,700 $259,100
2018 $5,688 $347,400 $92,000 $255,400
2017 $5,138 $332,800 $62,700 $270,100
2016 $4,804 $281,200 $54,600 $226,600
2014 $4,375 $252,600 $50,200 $202,400
2013 $4,375 $233,600 $45,700 $187,900
Source: Public Records

Agents Affiliated with this Home

  • Nathaly Burnett

    Seller's Agent in 2017

    Nathaly Burnett

    RE/MAX

    (253) 732-9535

    5 in this area

    74 Total Sales

    Nathaly Burnett
    Section Image
  • Mike Drake

    Buyer's Agent in 2017

    Mike Drake

    Coldwell Banker Danforth

    (253) 677-1120

    57 Total Sales

    Mike Drake
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1172525

Northwest Multiple Listing Service (NWMLS)

APN: 031904-2072

Washington Pierce County Tacoma 98444 Midland

520 98th St S, Tacoma, WA

This home is located at 520 98th St S, Tacoma, WA 98444 since 02 August 2017 and is currently estimated at $688,597, approximately $190 per square foot. This property was built in 1946. 520 98th St S is a home located in Pierce County with nearby schools including James Sales Elementary School, Perry G. Keithley Middle School, and Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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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