Listed by Better Properties Gig Harbor, Bought with COMPASS
NOT LISTED FOR SALE

824 S L St Unit 1-4 Tacoma, WA 98405

Hilltop Neighborhood

Estimated Value: $973,000 - $1,059,649

8 Beds
5 Baths
3,910 Sq Ft
$260/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $590,000 $151 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,107/month

Highlights

  • Corner Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Stadium High School Rated A-
  • Wood Siding
  • 1-minute walk to Peoples Park

About This Home

As of February 2018

This updated 4 plex is on a corner lot, and located in the heart of central Tacoma. Convenient access to Tacoma General, Mary Bridge, UW Tacoma, Wright Park, Stadium District and downtown. All units currently, and consistently, rented. Each has it's own electric meter and washer/dryer hook ups. All units have been remodeled over the last 10 years. Nearly $20k in exterior upgrades done in fall of 2017. Garage rents separately. Great cash flow. Rents listed are actual.

Last Agent to Sell the Property

JODI Saunders

Better Properties Gig Harbor License #132136 Listed on: 01/31/2018

Better Properties Gig Harbor

Last Buyer's Agent

Gretta Graves

COMPASS License #117875

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1238397

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,981

Year Built

  • Built in 1900

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,910 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 200824-010-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,981

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3910
  • Special Features: None
  • Cumulative Days on Market: 350

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • 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: Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 8450

Schools

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

Lot Info

  • Parcel Number: 200824-010-0
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 4250

Multi Family

  • Gross Scheduled Income: 51000
  • Net Operating Income: 32634
  • Number Of Units Total: 6
  • Insurance Expense: 1875
  • Leasable Area: 3910
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4981

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 20, 2018
Sold by
Saunders Robert D and Saunders Jodi
Bought by
Eriksson Gunilla L
Seller's Agent
JODI Saunders
Better Properties Gig Harbor
Buyer's Agent
Gretta Graves
COMPASS
List Price
$525,000
Sold Price
$590,000
Premium/Discount to List
$65,000
12.38%
Total Days on Market
0
Current Estimated Value
$1,016,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,325
Avg. Annual Appreciation
7.51%
Original Mortgage
$413,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2014
Sold by
Chappell John and Chappell Gillian
Bought by
Saunders Robert D and Saunders Jodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2009
Sold by
Chappell John
Bought by
Chappell John and Chappell Gillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2009
Sold by
Bickford Darin and Bickford Cynthia
Bought by
Chappell John and Eastside Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,748
Interest Rate
5.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 2, 2009
Sold by
Eastside Funding Llc
Bought by
Chappell John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,748
Interest Rate
5.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 2, 2007
Sold by
Pace Terrence and Pace Lori
Bought by
Rickford Darin and Rickford Cynthia

Purchase Details

Closed on
May 25, 2005
Sold by
Kyser Ray
Bought by
Pace Terrence and Pace Lori

Purchase Details

Closed on
Oct 29, 2003
Sold by
Mcbride Thomas L
Bought by
Kyser Ray and Kyser Janice

Purchase Details

Closed on
Dec 2, 2001
Sold by
Mcbride Thomas L
Bought by
Mcbride Thomas L and Mcbride & Associates

Purchase Details

Closed on
Nov 28, 2001
Sold by
Mcbride Rena
Bought by
Mcbride Thomas L

Purchase Details

Closed on
Nov 25, 2001
Sold by
Barrick Richard G
Bought by
Mcbride Thomas L

Purchase Details

Closed on
Feb 11, 1998
Sold by
Perkins Richard A
Bought by
Barrick Richard G and Barrick Sarah M
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
Eriksson Gunilla L $589,719 Cw Title
Saunders Robert D $344,719 Cw Title
Chappell John -- Stewart Title Company
Chappell John $243,001 None Available
Chappell John -- None Available
Rickford Darin $425,000 Pnwt
Pace Terrence $374,000 Pnwt
Kyser Ray $285,000 Pnwt
Mcbride Thomas L -- Fidelity National Title Co
Mcbride Thomas L -- Fidelity National Title Co
Mcbride Thomas L $139,607 Fidelity National Title Co
Barrick Richard G $151,241 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eriksson Gunilla L $408,000
Closed Eriksson Gunilla L $413,000
Previous Owner Saunders Robert D $241,500
Previous Owner Chappell John $221,600
Previous Owner Chappell John $202,748
Previous Owner Rickford Darin $340,000
Previous Owner Bickford Darin $42,500
Previous Owner Pace Terrence $299,200
Previous Owner Kyser Ray $228,000
Previous Owner Mcbride Thomas L $139,750
Previous Owner Barrick Richard G $117,000
Closed Kyser Ray $42,750
Closed Pace Terrence $37,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2018 02/28/18 Sold $590,000 +12.4% $151 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $525,000 -- $134 / 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 $6,833 $662,300 $239,800 $422,500
2024 $6,833 $654,400 $232,700 $421,700
2023 $6,833 $614,100 $220,400 $393,700
2022 $6,731 $676,300 $222,000 $454,300
2021 $6,176 $491,700 $114,900 $376,800
2019 $5,342 $462,000 $91,400 $370,600
2018 $5,795 $411,300 $80,100 $331,200
2017 $4,982 $367,100 $57,800 $309,300
2016 $4,383 $271,000 $40,500 $230,500
2014 $3,871 $252,200 $41,700 $210,500
2013 $3,871 $236,500 $41,700 $194,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1238397

Northwest Multiple Listing Service (NWMLS)

APN: 200824-0100