Listed by Windermere Abode, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $807,000

8 Beds
4 Baths
3,088 Sq Ft
$261/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $875,000 $283 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,927/month

3 Days on Market

Highlights

  • Deck
  • Property is in very good condition
  • Wood Siding
  • No HOA
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of September 2022

You've heard of the Fantastic Four...well, here they are! Fabulous fourplex in terrific South Tacoma location with outstanding rental history. Units are spacious and well laid out, each updated in recent years including flooring, appliances, and plumbing. Fresh exterior paint just completed, roof and electrical panels replaced in 2016. Two secured laundry rooms, one on each floor. There are 4 reserved parking stalls off ally and plenty of additional off-street parking for guest. Location is convenient for any commuter, with easy access to I-5, JBLM, and hwy 512. Don't miss this awesome turnkey investment opportunity!

Last Agent to Sell the Property

Erin Farquhar

Windermere Abode License #91680 Listed on: 08/12/2022

Windermere Abode

Last Buyer's Agent

Gervon Simon

COMPASS License #21036822

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1982828

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,802

Year Built

  • Built in 1975

Lot Details

  • 6,900 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,088 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Manitou Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5465002171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,802

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3088
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Built-Up
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 6332

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5465002171
  • Lot Size Acres: 0.1584
  • Lot Size Sq Ft: 6900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4845

Multi Family

  • Gross Scheduled Income: 58140
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3088
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Sep 6, 2022
Sold by
Newberg and Christine
Bought by
Grinberg Alexander
Seller's Agent
Erin Farquhar
Windermere Abode
Buyer's Agent
Gervon Simon
COMPASS
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$807,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,000
Avg. Annual Appreciation
-2.58%
Original Mortgage
$906,500
Outstanding Balance
$865,215
Interest Rate
5.13%
Mortgage Type
VA
Estimated Equity
-$58,215

Purchase Details

Listed on
Oct 14, 2015
Closed on
Oct 28, 2015
Sold by
Greater Lakes Mental Healthcare Inc
Bought by
Newberg Scott and Newberg Christine
Seller's Agent
George Pilant
RE/MAX Northwest
Buyer's Agent
Erin Farquhar
Windermere Abode
List Price
$275,000
Sold Price
$303,500
Premium/Discount to List
$28,500
10.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.69%
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
Grinberg Alexander -- Wfg National Title Company Of
Newberg Scott $303,219 Chicago Title Company Of Wa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grinberg Alexander $906,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2022 09/20/22 Sold $875,000 0.0% $283 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $875,000 +188.3% $283 / Sq Ft
11/13/2015 11/13/15 Sold $303,500 +10.4% $98 / Sq Ft View Prior Sale
10/21/2015 10/21/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $275,000 -- $89 / 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 $8,334 $848,700 $212,400 $636,300
2024 $8,334 $839,300 $205,200 $634,100
2023 $8,334 $749,300 $196,300 $553,000
2022 $7,802 $763,200 $185,500 $577,700
2021 $7,180 $571,800 $116,600 $455,200
2019 $5,237 $482,100 $95,400 $386,700
2018 $5,768 $403,200 $83,000 $320,200
2017 $4,784 $365,400 $55,200 $310,200
2016 $7 $269,200 $38,200 $231,000
2014 $7 $247,500 $36,400 $211,100
2013 $7 $221,500 $36,400 $185,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1982828

Northwest Multiple Listing Service (NWMLS)

APN: 546500-2171