Listed by RE/MAX Exclusive, Bought with Asay Realty
NOT LISTED FOR SALE

762 764 120th St S Tacoma, WA 98444

Estimated Value: $427,000 - $519,000

4 Beds
2 Baths
1,576 Sq Ft
$301/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $345,000 $219 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,867/month

49 Days on Market

Highlights

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

About This Home

As of July 2020

It's all about location, location, location, and this PLU area duplex has it big time! This is the first time this has been on the market in over 30 years, so if you are looking for spot for someone you know who might attend PLU, or if you are just looking to round out your investment portfolio, this is a must see. Both sides are 2 bed/1 bath with a spacious living area and galley kitchen. Both have single car garages, plus ample off street parking. High demand area keeps both sides rented!

Last Agent to Sell the Property

Daniel Bennett

RE/MAX Exclusive License #75547 Listed on: 04/18/2020

RE/MAX Exclusive

Last Buyer's Agent

Sarah Asay

Asay Realty License #26714

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1588795

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,948

Year Built

  • Built in 1961

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 70 x 100
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,576 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Elmhurst Elementary School
  • Wash High School

Utilities

  • Cable TV Available

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3100003770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,948

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1961
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1576
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Parkland Light/Water
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Parkland Light/Water
  • WaterSewerGarbage: 1736

Schools

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

Lot Info

  • Parcel Number: 3100003770
  • Lot Size Acres: 0.1607
  • Lot Size: 70 X 100
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: PCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2050

Multi Family

  • Gross Scheduled Income: 24600
  • Net Operating Income: 17932
  • Number Of Units Total: 2
  • Insurance Expense: 604
  • Leasable Area: 1576
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2948

MLS Schools

  • Elementary School: Elmhurst Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Larson Mark H and Larson Alice M
Bought by
Asay Trevor and Asay Sarah
Current Estimated Value
$474,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$320,630
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$153,526

Purchase Details

Listed on
Apr 18, 2020
Closed on
Jun 22, 2020
Sold by
Olson Randall E and Estate Of Linda Olson
Bought by
Larson Mark H and Larson Alice M
Seller's Agent
Daniel Bennett
RE/MAX Exclusive
Buyer's Agent
Sarah Asay
Asay Realty
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$258,750
Interest Rate
3.2%
Mortgage Type
New Conventional
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
Asay Trevor -- Rainier Title Company
Larson Mark H $345,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asay Trevor $330,000
Previous Owner Larson Mark H $258,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $345,000 -1.4% $219 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
05/03/2020 05/03/20 For Sale $350,000 0.0% $222 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $350,000 -- $222 / 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 $4,556 $431,800 $192,900 $238,900
2024 $4,556 $418,900 $174,300 $244,600
2023 $4,556 $386,600 $151,700 $234,900
2022 $4,127 $406,500 $151,700 $254,800
2021 $3,740 $275,500 $87,900 $187,600
2019 $2,948 $233,100 $74,600 $158,500
2018 $3,052 $223,400 $66,900 $156,500
2017 $3,052 $189,200 $56,100 $133,100
2016 $2,946 $175,600 $42,700 $132,900
2014 $2,465 $154,200 $41,800 $112,400
2013 $2,465 $131,500 $36,600 $94,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1588795

Northwest Multiple Listing Service (NWMLS)

APN: 310000-3770