NOT LISTED FOR SALE

Estimated Value: $936,000

9 Beds
3 Baths
3,486 Sq Ft
$269/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $900,000 $258 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,681/month

8 Days on Market

Highlights

  • Deck
  • Vinyl Plank Flooring
  • Property is Fully Fenced
  • No HOA

About This Home

As of May 2024

Turn-Key 3 unit currently used as short/mid-term rental, all units remodeled and furnished top to bottom to provide the best possible guest experience. Main and Upper units 3 bed / 1 bath, Lower unit 3 bed / 2 bath with attached primary bath, all units have separate laundry, high end kitchens and bathrooms, plus extra design features unique to each unit. All units rented with 1-6 month leases to traveling professionals. Newer electrical, plumbing, insulation, roof, windows, ductless mini-splits provide heat and AC to Main and Upper units. Brand new quartz counters, solid soft close cabinets, LVP flooring, vanities, custom light fixtures, no maintenance issues for a long time, 3 brand new electric meters, 4 off street parking spots!

Last Agent to Sell the Property

David Schaub

Realty One Group Turn Key License #140783 Listed on: 04/25/2024

Realty One Group Turn Key

Last Buyer's Agent

Kelsey Isaacson

Best Choice Realty LLC License #87550

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2227730

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,107

Year Built

  • Built in 1902 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • Property is Fully Fenced

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,486 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Hillsdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7785006541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,107

Year Built

Built in 1902 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1902
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3486
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 280

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • InternetConnected: Comcast
  • WaterSewerGarbage: 3180

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7785006541
  • Lot Size Acres: 0.1148
  • Lot Size: 40 x 125
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully
  • MLSLotSizeSource: Survey
  • MLSSquareFootageSource: Floorplans
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.3
  • LeasedItems: None
  • TotalMonthlyIncome: 7250

Multi Family

  • Gross Scheduled Income: 87000
  • Net Operating Income: 69147
  • Number Of Units Total: 3
  • Electric Expense: 2807
  • Insurance Expense: 2407
  • Leasable Area: 3486
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5107

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
May 30, 2024
Sold by
Defined Design Llp
Bought by
Wilson Cheyneoran and Smith Kelli
Seller's Agent
David Schaub
Realty One Group Turn Key
Buyer's Agent
Kelsey Isaacson
Best Choice Realty LLC
List Price
$900,000
Sold Price
$900,000
Total Days on Market
8
Views
15
Current Estimated Value
$936,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,000
Avg. Annual Appreciation
3.96%

Purchase Details

Listed on
Aug 20, 2022
Closed on
Sep 13, 2022
Sold by
Maldonado Heather L and Maldonado Michael A
Bought by
Defined Design Llp
Seller's Agent
Damian Barton
Better Properties UP/Fircrest
Buyer's Agent
David Schaub
Realty One Group Turn Key
List Price
$490,000
Sold Price
$440,000
Premium/Discount to List
-$50,000
-10.2%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.50%

Purchase Details

Closed on
Apr 17, 2015
Sold by
Ellis Michael J and Rusdal George
Bought by
Maldonado Heather L and Maldonado Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,150
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2012
Sold by
Rusdal Jill Marie
Bought by
Rusdal George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,250
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2012
Closed on
May 2, 2012
Sold by
Faison Robert
Bought by
Ellis Michael J and Rusdal George
Seller's Agent
Bob Mager
Crescent Realty powered by KW
Buyer's Agent
Larry Mulligan
John S Realty
List Price
$149,950
Sold Price
$148,450
Premium/Discount to List
-$1,500
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%
Source: Public Records

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Range of Values:

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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 Cheyneoran $900,000 Stewart Title
Defined Design Llp -- Commonwealth Land Title
Maldonado Heather L $194,719 Ticor Title
Rusdal George -- Fatco
Ellis Michael J -- Fatco
Ellis Michael J $148,450 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maldonado Heather L $189,150
Previous Owner Rusdal George $113,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $900,000 0.0% $258 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $900,000 +104.5% $258 / Sq Ft
09/29/2022 09/29/22 Sold $440,000 -2.2% $204 / Sq Ft
09/11/2022 09/11/22 Pending -- -- --
09/05/2022 09/05/22 Price Changed $450,000 -8.2% $208 / Sq Ft
08/20/2022 08/20/22 For Sale $490,000 +230.1% $227 / Sq Ft
05/07/2012 05/07/12 Sold $148,450 -1.0% $69 / Sq Ft
04/06/2012 04/06/12 Pending -- -- --
04/03/2012 04/03/12 For Sale $149,950 -- $69 / 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
2024 $5,108 $526,100 $192,100 $334,000
2023 $5,108 $374,200 $104,300 $269,900
2022 $4,326 $448,500 $185,400 $263,100
2021 $4,035 $320,900 $106,900 $214,000
2019 $3,289 $293,500 $93,100 $200,400
2018 $3,451 $252,900 $81,000 $171,900
2017 $2,951 $218,400 $58,900 $159,500
2016 $2,615 $160,300 $43,000 $117,300
2014 $2,095 $150,300 $41,900 $108,400
2013 $2,095 $138,700 $38,300 $100,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2227730

Northwest Multiple Listing Service (NWMLS)

APN: 778500-6541