Listed by Terry Wise & Associates, Bought with Gateway Real Estate
NOT LISTED FOR SALE

6722 S Monroe St Unit A & B Tacoma, WA 98409

South Tacoma Neighborhood

Estimated Value: $497,000 - $534,000

4 Beds
2 Baths
1,344 Sq Ft
$378/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $226,050 $168 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $3,089/month

77 Days on Market

Highlights

  • Partially Fenced Property
  • Vinyl Flooring
  • 1-Story Property
  • Wood Siding

About This Home

As of November 2017

Great investment opportunity! New exterior paint! Each unit has 2 bedroom and 1 bath, plus storage unit/shed, 2 car detached garage, and plenty of parking space. Close to freeways and other amenities.

Last Agent to Sell the Property

Annita Tan

Terry Wise & Associates License #24878 Listed on: 08/09/2017

Last Buyer's Agent

Lorraine Gakin

Gateway Real Estate License #21010249

Gateway Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1175727

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,551

Year Built

  • Built in 1969

Lot Details

  • 6,000 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Outbuilding
  • Cable TV Available

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9260000693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,551

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1344
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 2

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: 3067

Schools

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

Lot Info

  • Parcel Number: 9260000693
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: public record

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 18600
  • Net Operating Income: 12521
  • Number Of Units Total: 2
  • Insurance Expense: 460
  • Leasable Area: 1344
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2551

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2024
Sold by
Chamberlin Adam and Chamberlin Ruth
Bought by
Sorochuk Igor
Current Estimated Value
$507,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,429
Outstanding Balance
$460,796
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$46,886

Purchase Details

Listed on
Aug 9, 2017
Closed on
Nov 22, 2017
Sold by
Paik Vannavy
Bought by
Chamberlin Adam and Chamberlin Ruth
Seller's Agent
Annita Tan
Terry Wise & Associates
Buyer's Agent
Lorraine Gakin
Gateway Real Estate
List Price
$249,990
Sold Price
$226,050
Premium/Discount to List
-$23,940
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.86%
Original Mortgage
$169,537
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2004
Sold by
Whalen Michael J
Bought by
That Vannavy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,600
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
Sold by
Whalen Thomas V
Bought by
Whalen Michael J and Whalen Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Wacker Dennis A
Bought by
Whalen Michael J and Whalen Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2000
Sold by
Leabo Donald
Bought by
Wacker Dennis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1998
Sold by
Servito Teofilo C
Bought by
Leabo Donald and Wilcox Cecilia W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
10.35%
Mortgage Type
Purchase Money Mortgage
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
Sorochuk Igor $481,500 Wfg National Title
Chamberlin Adam $225,769 Fidelity National Title
That Vannavy $174,000 Chicago Title Insurance Co
Whalen Michael J -- Ticor
Whalen Michael J $112,500 --
Wacker Dennis A $127,973 Fidelity National Title Co
Leabo Donald $80,856 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorochuk Igor $465,429
Previous Owner Chamberlin Adam $169,537
Previous Owner That Vannavy $136,600
Previous Owner Whalen Michael J $104,000
Previous Owner Whalen Michael J $101,250
Previous Owner Wacker Dennis A $88,000
Previous Owner Leabo Donald $72,000
Closed Wacker Dennis A $11,000
Closed That Vannavy $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2017 11/30/17 Sold $226,050 -9.6% $168 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $249,990 -- $186 / 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 $4,633 $449,800 $206,400 $243,400
2024 $4,633 $450,300 $199,400 $250,900
2023 $4,633 $416,100 $190,800 $225,300
2022 $3,964 $391,100 $179,200 $211,900
2021 $3,686 $293,100 $112,700 $180,400
2019 $2,905 $267,900 $92,200 $175,700
2018 $3,070 $223,300 $80,200 $143,100
2017 $2,551 $194,200 $53,000 $141,200
2016 $2,260 $141,800 $36,700 $105,100
2014 $2,194 $129,900 $35,000 $94,900
2013 $2,194 $119,200 $35,000 $84,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1175727

Northwest Multiple Listing Service (NWMLS)

APN: 926000-0693