NOT LISTED FOR SALE

Estimated Value: $818,000 - $944,813

8 Beds
4 Baths
-- Sq Ft
0.31 Acres

Last Sold June 05, 2017

Last sale price $360,000

Est. 144% increase in value since last sale

Current estimated payment $5,542/month

Highlights

  • Deck
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Cul-De-Sac
  • Wood Siding

About This Home

As of June 2017

4-Plex in East Tacoma - 2 bedroom 1 bath units, Washer and Dryer, Dishwasher and Fireplace in the units also plenty of parking, potential improvement to increase rents. 9% CAP rate & cash flow. Great investment or owner occupant.

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1138565

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,025

Year Built

  • Built in 1983

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • Deck
  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3989000050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,025

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • 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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 1800

Lot Info

  • Parcel Number: 3989000050
  • Lot Size Acres: 0.3104
  • Lot Size Sq Ft: 13520
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 33175
  • Number Of Units Total: 4
  • Electric Expense: 200
  • Insurance Expense: 600
  • Leasable Area: 3328
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Tax Annual Amount: 5025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2019
Sold by
Wang Yuying
Bought by
Chen Qi Ming
Current Estimated Value
$879,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$279,179
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$621,161

Purchase Details

Listed on
Jun 5, 2017
Closed on
Jun 1, 2017
Sold by
Aiwekhoe Frederick and Aiwekhoe Fred
Bought by
Brentals Llc
Buyer's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%

Purchase Details

Closed on
Aug 8, 2008
Sold by
Ma Sith
Bought by
Aiwekhoe Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2003
Sold by
Tran Dam Thanh
Bought by
Ma Sith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,250
Interest Rate
5.13%
Mortgage Type
Commercial
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
Chen Qi Ming -- First American Title
Chen Qi Ming $560,000 First American Title
Brentals Llc $359,719 F A T C O
Aiwekhoe Fred $273,235 Fidelity National Title Co
Ma Sith $239,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Qi Ming $420,000
Previous Owner Aiwekhoe Frederick $186,100
Previous Owner Aiwekhoe Fred $189,000
Previous Owner Ma Sith $179,250
Closed Ma Sith $35,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2017 06/05/17 Sold $360,000 0.0% --
06/05/2017 06/05/17 For Sale $360,000 -- --
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 $9,018 $763,400 $184,400 $579,000
2024 $9,018 $750,100 $184,400 $565,700
2023 $9,018 $742,000 $184,400 $557,600
2022 $8,419 $759,500 $187,400 $572,100
2021 $7,336 $533,100 $110,900 $422,200
2019 $5,308 $439,200 $98,900 $340,300
2018 $5,370 $392,800 $92,800 $300,000
2017 $5,025 $300,000 $69,900 $230,100
2016 $4,335 $243,400 $56,600 $186,800
2014 $3,988 $216,600 $49,000 $167,600
2013 $3,988 $207,500 $46,200 $161,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1138565

Northwest Multiple Listing Service (NWMLS)

APN: 398900-0050