Listed by Windermere Prof Partners, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $417,551 - $521,000

3 Beds
2 Baths
1,644 Sq Ft
$284/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $307,500 $187 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,866/month

14 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 1-Story Property
  • Corner Lot

About This Home

As of March 2021

INVESTOR SPECIAL: 616 & 618 E 43rd Street is now available at an incredible price! This property has the pleasing aesthetic of a single-family home but inside it boasts two units; a 2 bedroom, 1 bath, and a 1 bedroom, 1 bath. Wonderful ground floor opportunity to be an investor in the renaissance of Tacoma's east side communities. With a 5 minute skip to I-5 and Tacoma's Lincoln district retail nearby, this location is desirable and convenient! Restore the mid-century vibes in this rough-around-the-edges duplex; live in one side while you work on the other.

Last Agent to Sell the Property

Laura Anderson

Windermere Prof Partners Listed on: 01/15/2021

Windermere Prof Partners

Co-Listed By

Madison Bingham

Windermere RE West Campus Inc License #23015560

Last Buyer's Agent

Kekoa Lwin

eXp Realty License #23028853

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1717704

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,813

Year Built

  • Built in 1952

Lot Details

  • 6,958 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,644 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Mckinley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 666020-009-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,813

Year Built

Built in 1952

Lot Details

6,958 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1952
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1644
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 666020-009-0
  • Lot Size Acres: 0.1597
  • Lot Size Sq Ft: 6958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 1320

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3813

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Mar 2, 2021
Sold by
Rehberger Mark A and Estate Of Anell Rehberger
Bought by
Subramaniam Somasundaram and Subramaniam Meena
Seller's Agent
Laura Anderson
Windermere Prof Partners
Buyer's Agent
Kekoa Lwin
eXp Realty
List Price
$300,000
Sold Price
$307,500
Premium/Discount to List
$7,500
2.5%
Current Estimated Value
$466,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,888
Avg. Annual Appreciation
8.62%
Original Mortgage
$230,625
Outstanding Balance
$206,739
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$259,649
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
Subramaniam Somasundaram $307,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Subramaniam Somasundaram $230,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2021 03/05/21 Sold $307,500 +2.5% $187 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $300,000 0.0% $182 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $300,000 -- $182 / 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 $5,274 $503,900 $189,500 $314,400
2024 $5,274 $504,400 $182,400 $322,000
2023 $5,274 $473,800 $169,800 $304,000
2022 $4,288 $467,900 $169,900 $298,000
2021 $4,102 $326,300 $106,200 $220,100
2019 $3,057 $281,100 $88,500 $192,600
2018 $3,027 $235,000 $70,800 $164,200
2017 $2,536 $191,500 $54,700 $136,800
2016 $2,382 $144,900 $40,700 $104,200
2014 $1,971 $136,900 $39,500 $97,400
2013 $1,971 $116,900 $34,600 $82,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1717704

Northwest Multiple Listing Service (NWMLS)

APN: 666020-0090

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