Listed by Olympic Sotheby's Int'l Realty, Bought with Liangs Seattle Real Estate LLC
NOT LISTED FOR SALE

7342 S Wilkeson St Unit ABCD Tacoma, WA 98408

South End Neighborhood

Estimated Value: $920,000

8 Beds
4 Baths
3,312 Sq Ft
$278/Sq Ft Est. Value

Last Sold October 07, 2015

Last sale price $349,000 $105 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $5,462/month

33 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Territorial View
  • High Speed Internet
  • Wood Siding

About This Home

As of October 2015

Great 4-plex in super location. 7.7% Cap Rate. Each unit features 2 bedrooms, 1 bath plus laundry area and 832± sq. ft of living space. Large living rooms include fireplace and slider to outside porch. Galley kitchens w/eating nook. All units come with 1 covered parking space. Easy access to JBLM, shopping, freeways, parks, bus routes and Sounder Train. Rents are below market and could easily be increased to maximize potential.

Last Agent to Sell the Property

Jeff Weeks

Olympic Sotheby's Int'l Realty License #77362 Listed on: 05/19/2015

Olympic Sotheby's Int'l Realty

Last Buyer's Agent

John Liang

Liangs Seattle Real Estate LLC License #27448

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 790377

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,675

Year Built

  • Built in 1977

Lot Details

  • 8,924 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4530400871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,675

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3312
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • SewerCompany: City of Tacoma
  • WaterCompany: City of Tacoma
  • WaterSewerGarbage: 4560

Schools

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

Lot Info

  • Parcel Number: 4530400871
  • Lot Size Acres: 0.2049
  • Lot Size Sq Ft: 8924
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 27565
  • Number Of Units Total: 4
  • Insurance Expense: 800
  • Leasable Area: 3312
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3675

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2016
Sold by
Notermann Philip L and Gabel Helen R
Bought by
Witt Deshawn
Current Estimated Value
$920,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Outstanding Balance
$300,271
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$619,729

Purchase Details

Listed on
May 19, 2015
Closed on
Sep 28, 2015
Sold by
V1 Investments Llc
Bought by
Chen Qi Ming and Wang Yu Ying
Seller's Agent
Jeff Weeks
Olympic Sotheby's Int'l Realty
Buyer's Agent
John Liang
Liangs Seattle Real Estate LLC
List Price
$359,000
Sold Price
$349,000
Premium/Discount to List
-$10,000
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
Original Mortgage
$261,750
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2005
Sold by
Wolcoski Joel
Bought by
V1 Investments Llc

Purchase Details

Closed on
Mar 1, 2005
Sold by
Duplain Marianne
Bought by
Duplain Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,700
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2004
Sold by
Kagan Michael
Bought by
Scheff Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
5.64%
Mortgage Type
Commercial
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
Witt Deshawn $379,719 Wfg Natl Title
Chen Qi Ming $348,719 Ticor Title
V1 Investments Llc -- Ticor Title Company
Duplain Richard A -- Ticor
Duplain Richard A $381,000 Ticor Title Company
Scheff Travis $254,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Witt Deshawn $373,117
Previous Owner Chen Qi Ming $261,750
Previous Owner Duplain Richard A $266,700
Previous Owner Scheff Travis $203,200
Closed Duplain Richard A $76,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2015 10/07/15 Sold $349,000 -2.8% $105 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $359,000 -- $108 / 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 $7,638 $775,900 $198,500 $577,400
2024 $7,638 $766,000 $191,700 $574,300
2023 $7,638 $686,600 $179,700 $506,900
2022 $7,053 $710,400 $176,400 $534,000
2021 $6,672 $531,300 $102,500 $428,800
2019 $4,890 $487,100 $85,700 $401,400
2018 $5,352 $376,400 $71,400 $305,000
2017 $4,541 $339,000 $57,200 $281,800
2016 $3,675 $230,600 $42,900 $187,700
2014 $3,132 $211,400 $38,300 $173,100
2013 $3,132 $186,700 $36,000 $150,700
Source: Public Records

Agents Affiliated with this Home

  • Jeff Weeks

    Seller's Agent in 2015

    Jeff Weeks

    Olympic Sotheby's Int'l Realty

    (360) 790-4642

    44 Total Sales

    Jeff Weeks
    Section Image

  • J

    Buyer's Agent in 2015

    John Liang

    Liangs Seattle Real Estate LLC

    (206) 354-7132

    8 Total Sales

    John Liang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 790377

Northwest Multiple Listing Service (NWMLS)

APN: 453040-0871

Washington Pierce County Tacoma 98408 South End

7342 S Wilkeson St Unit ABCD, Tacoma, WA

This home is located at 7342 S Wilkeson St Unit ABCD, Tacoma, WA 98408 since 19 May 2015 and is currently estimated at $920,000, approximately $277 per square foot. This property was built in 1977. 7342 S Wilkeson St Unit ABCD is a home located in Pierce County with nearby schools including Birney Elementary School, Baker Middle School, and Mount Tahoma 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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