Listed by Windermere Abode, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

822 S Sprague Ave Unit A & B Tacoma, WA 98405

Central Tacoma Neighborhood

Estimated Value: $620,000 - $800,000

6 Beds
5 Baths
2,392 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 20, 2020

Last sale price $470,500 $197 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,461/month

4 Days on Market

About This Home

As of April 2020

Newer duplex located just off 6th Avenue! Here's your chance to add a 2 unit property to your portfolio in a phenomenal location. Maybe choose to live in one side & rent out the other for a great house-hacking opportunity. Easy access to restaurants, cafes & shopping as well as commutability to I-5. There is no shortage of parking with alley access & an attached garage for each unit. Market rents are approximately $1,725 per side for plenty of cash flow. Check out the video for more information!

Last Agent to Sell the Property

Ryan Knicely

Windermere Abode License #116194 Listed on: 03/12/2020

Windermere Abode

Co-Listed By

Jessica Knicely

Windermere Abode License #105814

Last Buyer's Agent

Corey Matney

Windermere Prof Partners License #101392

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1576098

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,722

Year Built

  • Built in 2005

Lot Details

  • 6,552 Sq Ft Lot
  • Lot Dimensions are 56'x116'
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Bryant Elementary School
  • Jasonlee Middle School
  • Foss High School

Utilities

  • Natural Gas Connected

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2700000010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,722

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2005
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2392
  • Special Features: VirtualTour
  • Cumulative Days on Market: 341

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood Products
  • 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: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2700000010
  • Lot Size Acres: 0.1504
  • Lot Size: 56'x116'
  • Lot Size Sq Ft: 6552
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3450

Multi Family

  • Gross Scheduled Income: 41400
  • Net Operating Income: 34458
  • Number Of Units Total: 2
  • Insurance Expense: 1080
  • Leasable Area: 2392
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4722

MLS Schools

  • Elementary School: Bryant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Apr 17, 2020
Sold by
Henshaw Brian and Henshaw Melinda
Bought by
Olander Sean
Seller's Agent
Ryan Knicely
Windermere Abode
Buyer's Agent
Corey Matney
Windermere Prof Partners
List Price
$435,000
Sold Price
$470,500
Premium/Discount to List
$35,500
8.16%
Current Estimated Value
$715,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,442
Avg. Annual Appreciation
8.15%
Original Mortgage
$376,400
Outstanding Balance
$334,386
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$378,297

Purchase Details

Closed on
Nov 15, 2005
Sold by
Ridzon Magdalena M
Bought by
Henshaw Brian and Henshaw Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,050
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2005
Sold by
Fat Boy Construction
Bought by
Ridzon Magdalena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,350
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 1, 2005
Sold by
Jensen Jeffrey C
Bought by
Fat Boy Construction

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,473
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2004
Sold by
Jensen Patricia M
Bought by
Jensen Jeffrey C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 2, 2004
Sold by
Balsam Robin H
Bought by
Babare Paul and Dziechiasz Michael

Purchase Details

Closed on
Apr 6, 1998
Sold by
S & S Market Inc
Bought by
Shaibi Afif H
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
Olander Sean $470,500 Chicago Title
Henshaw Brian $331,500 Stewart Title
Ridzon Magdalena M $272,950 Ticor Title Of Wa Inc
Fat Boy Construction $87,000 Ticor Title Of Wa Inc
Jensen Jeffrey C -- Ticor Title Of Wa Inc
Jensen Jeffrey C $60,000 Ticor Title Of Wa Inc
Babare Paul $115,000 --
Shaibi Afif H -- Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olander Sean $376,400
Previous Owner Henshaw Brian $232,050
Previous Owner Henshaw Brian $66,250
Previous Owner Ridzon Magdalena M $218,350
Previous Owner Fat Boy Construction $87,473
Previous Owner Jensen Jeffrey C $65,000
Closed Ridzon Magdalena M $27,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2020 04/20/20 Sold $470,500 +8.2% $197 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $435,000 -- $182 / 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 $6,497 $743,500 $231,500 $512,000
2024 $6,497 $674,300 $224,800 $449,500
2023 $6,497 $583,900 $209,700 $374,200
2022 $5,837 $621,700 $219,600 $402,100
2021 $5,951 $473,800 $129,300 $344,500
2019 $4,722 $422,500 $103,600 $318,900
2018 $5,092 $363,500 $87,000 $276,500
2017 $4,427 $322,500 $70,900 $251,600
2016 $3,904 $230,900 $53,900 $177,000
2014 $3,503 $224,600 $48,200 $176,400
2013 $3,503 $208,600 $42,600 $166,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1576098

Northwest Multiple Listing Service (NWMLS)

APN: 270000-0010