Listed by Best Choice Realty LLC, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

Estimated Value: $687,000 - $1,130,246

4 Beds
4 Baths
3,904 Sq Ft
$233/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $775,000 $199 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,361/month

77 Days on Market

Highlights

  • Softwood Flooring
  • Thermal Windows
  • Property is Fully Fenced
  • Corner Lot
  • High Speed Internet
  • Wood Siding

About This Home

As of December 2019

Central Tacoma 4 plex with upgraded interiors. Individually metered power, gas heat, detached garage, fenced yard and basement shop with laundry facilities and storage for tenants. Three units have decks. Energy efficient windows, insulation and copper plumbing have all been installed. 5.8 cap rate includes $4,956 in annual expenses per unit. Tenants paying $100 per month towards utilities. Detached garage is leased at $400 per month.

Last Agent to Sell the Property

Jeff Huling

Best Choice Realty LLC License #84348 Listed on: 09/18/2019

Best Choice Realty LLC

Last Buyer's Agent

Lori Midttun

Best Choice Realty LLC License #25005773

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1520162

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,243

Year Built

  • Built in 1907

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,904 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Softwood
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Franklin Elementary School
  • Jasonlee Middle School
  • Foss High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3245004880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,243

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1907
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3904
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Softwood, Hardwood, Laminate, Vinyl
  • Interior Amenities: Forced Air, Fir/Softwood, Hardwood, Laminate Tile
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Energy Package,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 4382

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: JasonLee

Lot Info

  • Parcel Number: 3245004880
  • Lot Size Acres: 0.1033
  • Lot Size: 40x100
  • Lot Size Sq Ft: 4500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Shop
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5715

Multi Family

  • Gross Scheduled Income: 58980
  • Net Operating Income: 44806
  • Number Of Units Total: 4
  • Insurance Expense: 800
  • Leasable Area: 2748
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 10243

MLS Schools

  • Elementary School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Dec 18, 2019
Sold by
Dightman Kellie Wright and Dightman Eric Lowell
Bought by
Dightman Eric Lowell
Seller's Agent
Jeff Huling
Best Choice Realty LLC
Buyer's Agent
Lori Midttun
Best Choice Realty LLC
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$908,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,623
Avg. Annual Appreciation
3.15%
Original Mortgage
$377,385
Outstanding Balance
$334,148
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$592,819

Purchase Details

Listed on
Sep 18, 2019
Closed on
Dec 13, 2019
Sold by
Raygor Adam and Raygor Mariah
Bought by
Dightman Eric Lowell
Seller's Agent
Jeff Huling
Best Choice Realty LLC
Buyer's Agent
Lori Midttun
Best Choice Realty LLC
List Price
$775,000
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,385
Outstanding Balance
$334,148
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$592,819

Purchase Details

Listed on
Jun 7, 2013
Closed on
Oct 9, 2013
Sold by
Olson John R
Bought by
Raygor Adam and Raygor Mariah
Buyer's Agent
Sherrie Swanson
The Brokerage,A Realty Concern
List Price
$425,000
Sold Price
$341,000
Premium/Discount to List
-$84,000
-19.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.18%
Original Mortgage
$328,652
Interest Rate
4.37%
Mortgage Type
FHA
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
Dightman Eric Lowell -- First American Title
Dightman Eric Lowell $775,000 First American Title
Raygor Adam $341,000 Rainier Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dightman Eric Lowell $377,385
Previous Owner Raygor Adam $328,652
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2019 12/19/19 Sold $775,000 0.0% $199 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $775,000 +127.3% $199 / Sq Ft
10/11/2013 10/11/13 Sold $341,000 -19.8% $87 / Sq Ft
08/27/2013 08/27/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $425,000 -- $109 / 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 $6,530 $635,000 $225,600 $409,400
2024 $6,530 $626,400 $219,100 $407,300
2023 $6,530 $586,900 $204,400 $382,500
2022 $6,963 $701,800 $210,800 $491,000
2021 $6,706 $534,000 $124,100 $409,900
2019 $5,657 $494,700 $99,400 $395,300
2018 $6,142 $435,600 $83,500 $352,100
2017 $5,644 $389,100 $67,100 $322,000
2016 $4,822 $294,300 $51,000 $243,300
2014 $3,859 $277,500 $45,600 $231,900
2013 $3,859 $237,200 $40,200 $197,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1520162

Northwest Multiple Listing Service (NWMLS)

APN: 324500-4880