NOT LISTED FOR SALE

702 S L St Tacoma, WA 98405

Hilltop Neighborhood

Estimated Value: $681,603 - $743,000

6 Beds
4 Baths
3,606 Sq Ft
$198/Sq Ft Est. Value

Last Sold February 27, 2012

Last sale price $216,000 $60 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $4,338/month

45 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Property is in very good condition
  • Stadium High School Rated A-
  • Ceramic Tile Flooring
  • 4-minute walk to Peoples Park

About This Home

As of February 2012

Turnkey Cashflow! FULLY remodeled 4 plex in a quite area of tacoma. Remodel includes new windows, fully painted inside and out, electrical & meters, copper plumbing, all carpet throughout, tile entry ways, bathrooms, rebuilt staircase, fully landscaped, partially re-roofed,and thousands of dollars on misc items. Not to mention a 5th unit with the possiblity to finish for additional income! This will be a great property to invest in and expect a great return and minimal work for years to come.

Last Agent to Sell the Property

Matt McCormick

Kelly Right RE of Spokane LLC License #79958 Listed on: 11/02/2011

Kelly Right RE of Spokane LLC

Co-Listed By

Mark Hulen

Better Properties Real Estate License #50093

Last Buyer's Agent

Matt McCormick

Kelly Right RE of Spokane LLC License #79958 Listed on: 11/02/2011

Kelly Right RE of Spokane LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 291621

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,762

Year Built

  • Built in 1916

Lot Details

  • 4,100 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,606 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2007240010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,762

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1916
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3606
  • SOCComments: 3% on full price offer 2.5% otherwise
  • Special Features: None
  • Cumulative Days on Market: 382

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Tile
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6000

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2007240010
  • Lot Size Acres: 0.0941
  • Lot Size Sq Ft: 4100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 6
  • LeasedItems: None
  • TotalMonthlyIncome: 3045

Multi Family

  • Gross Scheduled Income: 36540
  • Net Operating Income: 25172
  • Number Of Units Total: 4
  • Electric Expense: 600
  • Insurance Expense: 1006
  • Leasable Area: 3606
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2011
  • Tax Annual Amount: 3762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2011
Closed on
Feb 22, 2012
Sold by
Mccormick Matthew
Bought by
Tong Michael C and Tong Stella
Seller's Agent
Matt McCormick
Kelly Right RE of Spokane LLC
Buyer's Agent
Matt McCormick
Kelly Right RE of Spokane LLC
List Price
$244,950
Sold Price
$216,000
Premium/Discount to List
-$28,950
-11.82%
Current Estimated Value
$712,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,302
Avg. Annual Appreciation
9.23%
Original Mortgage
$131,000
Interest Rate
3.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 19, 2011
Sold by
Beeson Charles G and Beeson Dawn L
Bought by
Mccormick Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,534
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2004
Sold by
Mcbride Thomas
Bought by
Beeson Charles G and Beeson Dawn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2003
Sold by
Rowe Mcbride Rena
Bought by
Mcbride Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2003
Sold by
Dahlstrom Michael D
Bought by
Mcbride Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1999
Sold by
Dahlstrom Michael M
Bought by
Dahlstrom Michael M and Dahlstrom Maureen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 1997
Sold by
Dahlstrom Maureen
Bought by
Dahlstrom Michael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 1997
Sold by
Tallman Jack
Bought by
Dahlstrom Michael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.26%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 1997
Sold by
Long James
Bought by
Tallman Jack and Tallman Deanne

Purchase Details

Closed on
Jan 17, 1996
Sold by
Tallman Jack and Tallman Deanne S
Bought by
Long James D and Long Kristen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
7.18%
Mortgage Type
Seller Take Back
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
Tong Michael C $216,000 First American Title Ins Co
Mccormick Matthew $100,000 Chicago Title Company
Beeson Charles G $257,500 Fat
Mcbride Thomas -- Pnwt
Mcbride Thomas $147,500 Pnwt
Dahlstrom Michael M $36,065 Fidelity National Title
Dahlstrom Michael M -- Fidelity National Title Co
Dahlstrom Michael M $64,568 Fidelity National Title
Tallman Jack -- First American Title Ins Co
Long James D $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tong Michael C $450,000
Closed Tong Michael $150,000
Closed Tong Michael C $131,000
Previous Owner Mccormick Matthew $83,534
Previous Owner Beeson Charles G $206,000
Previous Owner Mcbride Thomas $147,500
Previous Owner Dahlstrom Michael M $105,000
Previous Owner Dahlstrom Michael M $60,000
Previous Owner Long James D $72,500
Closed Long James D $5,000
Closed Beeson Charles G $38,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2012 02/27/12 Sold $216,000 -11.8% $60 / Sq Ft
12/18/2011 12/18/11 Pending -- -- --
11/02/2011 11/02/11 For Sale $244,950 -- $68 / 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 $5,583 $534,900 $218,200 $316,700
2024 $5,583 $533,600 $211,700 $321,900
2023 $5,583 $501,600 $200,500 $301,100
2022 $5,494 $556,100 $198,300 $357,800
2021 $5,046 $401,600 $102,600 $299,000
2019 $4,297 $375,400 $81,600 $293,800
2018 $4,309 $330,700 $71,500 $259,200
2017 $3,702 $272,800 $50,700 $222,100
2016 $3,298 $201,100 $35,500 $165,600
2014 $2,898 $189,700 $36,600 $153,100
2013 $2,898 $176,600 $36,600 $140,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Matt McCormick

    Kelly Right RE of Spokane LLC

    Section Image
  • Mark Hulen

    Seller Co-Listing Agent in 2012

    Mark Hulen

    Better Properties Real Estate

    (253) 589-2680

    1 in this area

    201 Total Sales

    Mark Hulen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 291621

Northwest Multiple Listing Service (NWMLS)

APN: 200724-0010

Washington Pierce County Tacoma 98405 Hilltop

702 S L St, Tacoma, WA

This home is located at 702 S L St, Tacoma, WA 98405 since 02 November 2011 and is currently estimated at $712,302, approximately $197 per square foot. This property was built in 1916. 702 S L St is a home located in Pierce County with nearby schools including Bryant Montessori School, Hilltop Heritage Middle School, and Stadium High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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