Listed by American Dream Realty, LLC, Bought with Better Properties N. Proctor
NOT LISTED FOR SALE

862 118th St S Tacoma, WA 98444

Estimated Value: $486,000 - $636,000

3 Beds
3 Baths
1,925 Sq Ft
$287/Sq Ft Est. Value

Last Sold October 29, 2014

Last sale price $209,500 $109 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $3,400/month

121 Days on Market

Highlights

  • RV Access or Parking
  • Patio
  • Property is Fully Fenced
  • Territorial View
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of October 2014

Great income producing TRIPLEX by PLU! Well maintained property w/large, light filled units&nice sized bedrooms, on quite street, short walk to PLU, charming Hacienda Style Triplex w/3private entrances, tranquil setting w/tall pines&flowering trees. Large level lot w/circular drive flanked by ample parking on both sides&in back. Unit 3 has an extra finished room that can be used for office or? Fully rented w/no vacancies. All tenants have excellent pay history. New ext paint & updates in units.

Last Agent to Sell the Property

Julie Hitchcock

American Dream Realty, LLC License #25083 Listed on: 05/15/2014

Last Buyer's Agent

Amy Steele

Better Properties N. Proctor License #113239

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 636577

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,931

Year Built

  • Built in 1931

Lot Details

  • 10,000 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Triplex
  • Block Foundation
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 1,925 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6905001750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,931

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1931
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1925
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Block
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Parkland Light & Water
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Parkland Light & Water
  • WaterSewerGarbage: 1764

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Franklin Pierce

Lot Info

  • Parcel Number: 6905001750
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Outbuildings,Patio,RV Parking
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 1950

Multi Family

  • Gross Scheduled Income: 23400
  • Net Operating Income: 17794
  • Number Of Units Total: 3
  • Insurance Expense: 935
  • Leasable Area: 1925
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 2931

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Birch Properties
Bought by
Steele Randal James and Steele Amy Ruth
Current Estimated Value
$551,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Outstanding Balance
$137,111
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$421,633

Purchase Details

Closed on
Feb 29, 2016
Sold by
Steele Randal James and Steele Amy Ruth
Bought by
Birch Properties

Purchase Details

Listed on
May 15, 2014
Closed on
Oct 14, 2014
Sold by
Deneau Alea
Bought by
Steele Randal J and Steele Amy R
Seller's Agent
Julie Hitchcock
American Dream Realty, LLC
Buyer's Agent
Amy Steele
Better Properties N. Proctor
List Price
$239,950
Sold Price
$209,500
Premium/Discount to List
-$30,450
-12.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Original Mortgage
$157,125
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2012
Sold by
Lees Todd Eric
Bought by
Deneau Alea

Purchase Details

Closed on
Feb 7, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lees Todd Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,650
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2010
Sold by
Myers Mark
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
May 14, 2008
Sold by
Crum Leonard O and Kraucunas Karen
Bought by
Myers Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Crum Leonard O
Bought by
Kraucunas Karen and Crum Steven
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
Steele Randal James -- None Available
Birch Properties -- None Available
Steele Randal J $209,219 Ticor
Deneau Alea $75,650 Fatco
Lees Todd Eric -- Northwest Title
Federal Home Loan Mortgage Corp $139,943 Northwest Title
Myers Mark $100,000 First American Title Ins Co
Kraucunas Karen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steele Randal Jamee $154,000
Previous Owner Steele Randal J $157,125
Previous Owner Lees Todd Eric $75,650
Previous Owner Myers Mark $175,000
Previous Owner Myers Mark $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2014 10/29/14 Sold $209,500 -12.7% $109 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $239,950 -- $125 / 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 $5,536 $501,500 $207,900 $293,600
2024 $5,536 $474,800 $187,700 $287,100
2023 $5,536 $461,400 $167,900 $293,500
2022 $5,048 $470,400 $167,900 $302,500
2021 $4,520 $329,600 $97,300 $232,300
2019 $3,457 $275,500 $82,500 $193,000
2018 $3,876 $257,800 $74,000 $183,800
2017 $3,586 $221,500 $62,000 $159,500
2016 $3,321 $193,300 $47,200 $146,100
2014 $2,821 $171,300 $46,300 $125,000
2013 $2,821 $146,000 $40,500 $105,500
Source: Public Records

Agents Affiliated with this Home

  • Julie Hitchcock

    Seller's Agent in 2014

    Julie Hitchcock

    American Dream Realty, LLC

    (253) 377-3990

    3 in this area

    29 Total Sales

    Julie Hitchcock
    Section Image
  • Amy Steele

    Buyer's Agent in 2014

    Amy Steele

    Better Properties N. Proctor

    22 Total Sales

    Amy Steele
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 636577

Northwest Multiple Listing Service (NWMLS)

APN: 690500-1750

Washington Pierce County Tacoma 98444

862 118th St S, Tacoma, WA

This home is located at 862 118th St S, Tacoma, WA 98444 since 15 May 2014 and is currently estimated at $551,664, approximately $286 per square foot. This property was built in 1931. 862 118th St S is a home located in Pierce County with nearby schools including Brookdale Elementary School, Perry G. Keithley Middle School, and Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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