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301 North 5th Street

301 North 5th Street, Tacoma, WA 98403
Property in North End
Sold Jan 18, 2019
$1,501,000
$548,000 by O Bee Cu
Mortgage Due May 01, 2051
Sold Mar 21, 2017
$1,399,719
$1,050,000 by Veristone Fund I Llc
Mortgage Due Sep 30, 2017
301 North 5th Street has been categorized by the local assessors in Tacoma, WA as a residential type of property. The building on the property was first built in 1912 and is 112 years old. However, we must point out that the home was most recently renovated and altered in 2007. The home has a total of 7 bedrooms. Residents will have access to 5 full bathrooms. There are 7 partial bathrooms in the home. The building has a total of 2 stories. In addition, 301 North 5th Street has 7,174 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 2,018 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 13,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 966 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 301 North 5th Street sold most recently in Jan 16, 2019 for a total of $1,501,000. If you work out the math, that's approximately a cost of $351.03 per sqft. Before that, the property was also sold for $1,399,719 in Mar 14, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $20,596 in taxes each year. The initial year of tax delinquency occurred in 2021. 301 North 5th Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,147,100. If we break it down further, the land itself was valued at $630,300. Improvements to the property, however, were assessed at a total of $1,516,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 2007
  • Building Count: 2
  • Bedroom Count: 7
  • Bathroom Count: 7
  • Full Bathrooms: 5
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 23
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Brick
  • Building Style: Bi-level
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,018
  • Garage Type: Attached
  • Garage Square Area: 966
  • Parking Space Count: 4
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 13,000
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 4,276
  • Gross Building Area: 4,276
  • Building Area: 7,174
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 7,174
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NEW TACOMA
  • Land Acres: 0.298
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 32 TOWNSHIP 21 RANGE 03 QUARTER 21 NEW TACOMA L 9 THRU 12 B 3506 TOG/W 10 FT VAC ALLEY APPROVED SUBD CY OF TAC PUBLIC WKS BLDG & LAND USE 7-28-03 OUT OF 003-0 SEG 2004-0357BL 12-19-03BL

Ownership

  • Current Owner : MINCHEFF JEFFREY A
  • Current Owner 2: MINCHEFF JACQULYN L
  • Previous Owner : RESOURCE TRANSITION CONSULTANTS LLC
  • Owner Before Previous Owner: MOLLOY THOMAS A
  • Owner Before Previous Owner 2: MAYNARD MOLLOY ANDREA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tacoma Public Schools
  • Census Tract: 060600

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 773-F3
  • Parcel: 203506-0-032
  • Block: 3506
  • Lot: 9-12
  • Meridian: SEC 32 TWN 21 RNG 03
  • Municipality: TACOMA
  • Latitude: 47.2689
  • Longitude: -122.453

    Address

  • Full Address: 301 N 5th St
  • Address - House Number: 301
  • Street Direction: N
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Tacoma
  • Carrier Code: C004
  • 4-Digit Zip Code: 3207
  • Zip Code: 98403

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,596
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1346
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 84
  • Final Value: 1,974,920
  • High Value: 2,240,930
  • Low Value: 1,708,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,000
  • First Open Lien Mortgage Lender: O BEE CU
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Loan Amount: $548,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $2,147,100
  • Market Land Value: $630,300
  • Market Improvement Value: $1,516,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,147,100
  • Assessed Land Value: $630,300
  • Assessed Improvements Value: $1,516,800

    Sales

  • Current Sale Contract Date: Jan 16, 2019
  • Current Sale Recording Date: Jan 18, 2019
  • Current Sale Transaction ID: 11562200562
  • Current Sale Price: $1,501,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 201901180278
  • Previous Sale Recording Date: Mar 21, 2017
  • Previous Sale Contract Date: Mar 14, 2017
  • Previous Sale Amount: $1,399,719
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WILLAMETTE FUNDING LLC
  • First Mortgage Transaction Date: Jan 18, 2019
  • First Mortgage Loan Amount: $521,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: VERISTONE FUND I LLC
  • Previous Mortgage Transaction Date: Mar 21, 2017
  • Previous Mortgage Loan Amount: $1,050,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 30, 2017

About North End



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Frequently Asked Questions

What neighborhood is 301 North 5th Street located in?
The 301 North 5th Street is a located in the neighborhood of North End in North End, Tacoma.
What is the average sales price for listings in 301 North 5th Street?
The average sales price for units in 301 North 5th Street is $0 currently.

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