Listed by Keller Williams Downtown Sea, Bought with Liangs Seattle Real Estate LLC
NOT LISTED FOR SALE

804 74th St E Unit 1-4 Tacoma, WA 98404

Midland Neighborhood

Estimated Value: $770,000 - $954,179

8 Beds
4 Baths
3,328 Sq Ft
$259/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $560,000 $168 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,323/month

160 Days on Market

Highlights

  • Mountain View
  • Thermal Windows
  • Wall to Wall Carpet

About This Home

As of April 2019

Multifamily Investor Alert! 6.8% Cap Rate This Traditional Style East Tacoma 4-Plex is 3328 sq ft with Two Bedroom 1 Bath Units, Sits on a Large 13,520 sq ft Lot with Plenty of Parking. Fully Leased & Seller Has Updated the Units with Paint, Appliances & Flooring. All have a Fireplace & Washer - Dryer that Convey with Sale. Convenient Location Provides easy access to Community Stores & Easy Commutes. BUYERS DO A DRIVE BY - Interior Showing Upon Mutual Acceptance. Please Do Not Approach Tenants.

Last Agent to Sell the Property

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068 Listed on: 10/22/2018

Keller Williams Downtown Sea

Last Buyer's Agent

John Liang

Liangs Seattle Real Estate LLC License #27448

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1375414

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,370

Year Built

  • Built in 1983

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 99x111x57x57x29x62x102
  • Property is in average condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 20 Parking Spaces
  • Open Parking

Community Details

  • Se Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3989000050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,370

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
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3328
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2856

Schools

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

Lot Info

  • Parcel Number: 3989000050
  • Lot Size Acres: 0.3104
  • Lot Size: 99x111x57x57x29x62x102
  • Lot Size Sq Ft: 13520
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 4150

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 49392
  • Number Of Units Total: 4
  • Insurance Expense: 900
  • Leasable Area: 3328
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5370

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Apr 26, 2019
Sold by
Wang Yuying
Bought by
Chen Qi Ming
Seller's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
Buyer's Agent
John Liang
Liangs Seattle Real Estate LLC
List Price
$563,700
Sold Price
$560,000
Premium/Discount to List
-$3,700
-0.66%
Current Estimated Value
$862,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,090
Avg. Annual Appreciation
6.91%
Original Mortgage
$420,000
Outstanding Balance
$274,832
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$587,258

Purchase Details

Closed on
Jun 1, 2017
Sold by
Aiwekhoe Frederick and Aiwekhoe Fred
Bought by
Brentals Llc

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Fred $189,000
Previous Owner Ma Sith $179,250
Closed Ma Sith $35,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $560,000 -0.7% $168 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $563,700 0.0% $169 / Sq Ft
02/23/2019 02/23/19 Pending -- -- --
02/15/2019 02/15/19 Price Changed $563,700 -1.7% $169 / Sq Ft
01/08/2019 01/08/19 Price Changed $573,700 -4.2% $172 / Sq Ft
10/22/2018 10/22/18 For Sale $598,700 -- $180 / 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 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1375414

Northwest Multiple Listing Service (NWMLS)

APN: 398900-0050