Listed by John L. Scott, Inc, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

621 S Sprague Ave Unit 1-4 Tacoma, WA 98405

Hilltop Neighborhood

Estimated Value: $1,130,000 - $1,180,823

8 Beds
4 Baths
3,542 Sq Ft
$326/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $858,000 $242 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,022/month

7 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Wood Siding
  • Stadium High School Rated A-
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of March 2020

Fully remodeled, turn key, cash flowing 4-plex with a rare to find 7% cap rate! 0% Vacancy! Excellent location with easy access to Hwy 16, I-5, Downtown Tacoma and Historic Tacoma. Close to retail shops, restaurants and schools. New exterior paint. All units were renovated in 2018, with new floors, kitchens, bathrooms and more. All appliances are new. Over $150k in upgrades for this building. Stand alone storage unit with coin-op laundry that brings extra $100 a month. Don't wait!

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 01/28/2020

John L. Scott, Inc

Last Buyer's Agent

Ben Hoefer

John L. Scott, Inc. License #26537

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1558720

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,043

Year Built

  • Built in 1904

Lot Details

  • 4,507 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 200635-002-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,043

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1904
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3542
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 5000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 200635-002-1
  • Lot Size Acres: 0.1035
  • Lot Size Sq Ft: 4507
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5985

Multi Family

  • Gross Scheduled Income: 71820
  • Net Operating Income: 60577
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3542
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Lenvin David N and Lenvin Taylor J
Bought by
Albatross Score Llc
Current Estimated Value
$1,154,052

Purchase Details

Listed on
Jan 28, 2020
Closed on
Mar 4, 2020
Sold by
Sprague St Llc
Bought by
Lenvin David and Lenvin Taylor
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Ben Hoefer
John L. Scott, Inc.
List Price
$850,000
Sold Price
$858,000
Premium/Discount to List
$8,000
0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$643,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2018
Closed on
Sep 24, 2018
Sold by
Tsang Chong Ki and Chan Ming
Bought by
Arama Guy and Arama Liat
Seller's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
Buyer's Agent
Nelya Calev
John L. Scott, Inc
List Price
$495,700
Sold Price
$485,000
Premium/Discount to List
-$10,700
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.41%
Original Mortgage
$295,500
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 13, 2018
Closed on
Sep 13, 2018
Sold by
Arama Guy and Arama Liat
Bought by
Sprague St Llc
Seller's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
Buyer's Agent
Nelya Calev
John L. Scott, Inc
List Price
$495,700
Sold Price
$485,000
Premium/Discount to List
-$10,700
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,500
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 27, 2008
Sold by
Ngan Cecilia
Bought by
Chan Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2008
Sold by
Day Lawrence E and Day Kyung A
Bought by
Tsang Chong Ki and Chan Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2004
Sold by
Burris Bruce A
Bought by
Day Lawrence E and Day Kyung A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,950
Interest Rate
6.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Albatross Score Llc -- None Available
Lenvin David $807,157 Fidelity National Title
Arama Guy $484,719 Chicago Title
Sprague St Llc -- Accommodation
Chan Ming -- Chicago Title Insurance Co
Wong Milton -- Chicago Title Insurance Co
Tsang Chong Ki $296,073 Chicago Title Insurance Co
Day Lawrence E $299,950 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lenvin David $643,000
Previous Owner Arama Guy $295,500
Previous Owner Tsang Chong Ki $222,000
Previous Owner Day Lawrence E $355,500
Previous Owner Day Lawrence E $272,000
Previous Owner Day Lawrence E $34,000
Previous Owner Day Lawrence E $239,950
Closed Day Lawrence E $29,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $858,000 +0.9% $242 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $850,000 +75.3% $240 / Sq Ft
09/28/2018 09/28/18 Sold $485,000 -2.2% $129 / Sq Ft
08/16/2018 08/16/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $495,700 -- $132 / 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 $8,441 $956,700 $211,300 $745,400
2024 $8,441 $858,600 $205,100 $653,500
2023 $8,441 $758,900 $194,200 $564,700
2022 $7,865 $798,100 $192,800 $605,300
2021 $7,042 $560,800 $99,800 $461,000
2019 $5,043 $439,200 $79,400 $359,800
2018 $5,296 $388,200 $69,600 $318,600
2017 $4,486 $335,400 $52,100 $283,300
2016 $3,742 $230,700 $36,500 $194,200
2014 $3,826 $215,300 $37,600 $177,700
2013 $3,826 $202,700 $37,600 $165,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1558720

Northwest Multiple Listing Service (NWMLS)

APN: 200635-0021