NOT LISTED FOR SALE

718 -720 127th St S Tacoma, WA 98444

Estimated Value: $454,000 - $567,000

4 Beds
2 Baths
1,776 Sq Ft
$282/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $365,000 $206 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,042/month

31 Days on Market

Highlights

  • Wood Flooring
  • Property is in very good condition
  • 1-Story Property
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of March 2020

Across street from PLU! 100% OCCUPANCY! Roomy 2 bedroom duplex has been meticulously maintained by finicky contractor/owner!! Comfortable living rm w/brick decorative Fireplace, roomy kitchen W/eating space , clean bathroom, utility plus mudroom with door to patio & low maintenance back yard! Ea unit includes washer/dryer, stove, dishwasher & frig! This attractive, low-maintenance property has new 30 yr roof, brick exterior & sits back from road so can accommodate extra cars! VERY CLEAN!!

Last Buyer's Agent

Lori Bakken

Redfin License #20034

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1555824

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,034

Year Built

  • Built in 1958

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 40 x 99
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Elmhurst Elementary School
  • Wash High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3130000322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,034

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1958
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1776
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Parkland L&W
  • SewerCompany: Pierce County
  • WaterCompany: Parkland L&W
  • WaterSewerGarbage: 2149

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Wash High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3130000322
  • Lot Size Acres: 0.1033
  • Lot Size: 40 x 99
  • Lot Size Sq Ft: 4500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1950

Multi Family

  • Gross Scheduled Income: 23400
  • Net Operating Income: 17498
  • Number Of Units Total: 2
  • Insurance Expense: 719
  • Leasable Area: 1776
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3034

MLS Schools

  • Elementary School: Elmhurst Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2020
Closed on
Mar 3, 2020
Sold by
Morris Daniel L and Morris Jo Ann
Bought by
Gayden James H and Gayden Jamie S
Buyer's Agent
Lori Bakken
Redfin
List Price
$340,000
Sold Price
$365,000
Premium/Discount to List
$25,000
7.35%
Current Estimated Value
$500,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,667
Avg. Annual Appreciation
5.95%
Original Mortgage
$273,750
Outstanding Balance
$243,929
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$257,404

Purchase Details

Closed on
Dec 22, 1995
Sold by
Kauffman Galen and Kauffman Mary Vinh
Bought by
Morris Daniel L and Morris Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.37%
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
Gayden James H $36,500 First American Title
Morris Daniel L $100,000 Commonwealth Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gayden James H $273,750
Previous Owner Morris Daniel L $75,000
Closed Morris Daniel L $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $365,000 +7.4% $206 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $340,000 0.0% $191 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $340,000 -- $191 / 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 $4,498 $429,500 $175,900 $253,600
2024 $4,498 $429,600 $158,900 $270,700
2023 $4,498 $383,000 $133,800 $249,200
2022 $4,062 $401,600 $133,800 $267,800
2021 $3,806 $282,100 $77,600 $204,500
2019 $3,034 $240,500 $65,800 $174,700
2018 $3,410 $232,000 $59,000 $173,000
2017 $3,151 $198,700 $49,400 $149,300
2016 $3,142 $188,600 $37,600 $151,000
2014 $2,632 $166,200 $36,800 $129,400
2013 $2,632 $142,300 $32,200 $110,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1555824

Northwest Multiple Listing Service (NWMLS)

APN: 313000-0322