by RH Advisors

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Tacoma 98418 South End
4014 Pacific Avenue
Listed by: Ivanna Miakota, Kelly Right RE of Seattle LLC, 206-525-5235, Listing Courtesy of NWMLS
$950,000
Land - For Sale

4014 Pacific Avenue

Tacoma, WA 98418
bedrooms
Studio
bathrooms
0 Bath
$5,119
Estimated Monthly
0.66%
Cap Rate

About This Property

Welcome to an exceptional development opportunity nestled within Tacoma's thriving landscape, where convenience and connectivity converge! This prime site comes complete with a fully approved infill program package, paving the way for seamless development. Preliminary plans include 10 two-story units, thoughtfully designed to enhance urban living, accompanied by a shared structured parking garage for added convenience. Situated strategically, this property offers effortless access to I-5, downtown Tacoma beckons, entertainment, and business offerings. Easy access to public transportation. There's currently a charming remodeled duplex, dating back to 1925, on the premises. However the value is in land!
Unit Size
-
Days on Market
22 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$454
HOA Dues
-
Year Built
1925

Listed By

Ivanna Miakota
Kelly Right RE of Seattle LLC
Last updated: 22 days ago (NWMLS #NWM2235101)

Price History

Date / Event Date Event Price
May 8, 2024 Listed by Kelly Right RE of Seattle LLC $950,000
Listed by Kelly Right RE of Seattle LLC
May 20, 2019 Sold to Pavlo Terpay $215,000
Sold to Pavlo Terpay
Apr 3, 2019 Sold to Vision Investments Inc Clear $130,000
Sold to Vision Investments Inc Clear

Property Highlights

Exterior Details

Property Information

Style Code: 42 - Multi-Family
Property Type: Land
Property Sub Type: Land

Building Information

Structure Type: Multi Family
Building Area Units: Square Feet

Lot Information

Zoning Jurisdiction: City
Lot Size Acres: 0.2158
Lot Size Square Feet: 9400
Elevation Units: Feet

Land Information

Water Source: On Property
Financial Details
Tax Year: 2024
Tax Annual Amount: $5,444

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 1,280
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,660
  • Gross Building Area: 2,660
  • Building Area: 2,596
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,596
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: 1ST SCHOOL LD ADD
  • Land Acres: 0.216
  • Legal Description 1: SECTION 16 TOWNSHIP 20 RANGE 03 QUARTER 31 1ST SCHOOL LD ADD S 50 FT OF N 180 FT OF E 188 FT OF B 82

Ownership

  • Current Owner : TERPAY PAVLO
  • Previous Owner : CLEAR VISION INVESTMENTS INC
  • Owner Before Previous Owner: ERICKSON MARK L
  • Owner Before Previous Owner 2: THE ESTATE OF WALTER W ERICKSO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tacoma Public Schools
  • Census Tract: 062400

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 803-H3
  • Parcel: 747002-4-010
  • Block: 82
  • Meridian: SEC 16 TWN 20 RNG 03
  • Municipality: TACOMA
  • Latitude: 47.2203
  • Longitude: -122.434

    Address

  • Full Address: 4014 Pacific Ave
  • Address - House Number: 4014
  • Address - Street Name: Pacific
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Tacoma
  • Carrier Code: C011
  • 4-Digit Zip Code: 7830
  • Zip Code: 98418

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,439
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1513
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 551,920
  • High Value: 635,467
  • Low Value: 468,372

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: UKRAINIAN FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Oct 28, 2022
  • First Open Lien Mortgage Loan Amount: $420,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Oct 28, 2052

    Market Valuation

  • Market Total Value: $489,100
  • Market Land Value: $175,200
  • Market Improvement Value: $313,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $489,100
  • Assessed Land Value: $175,200
  • Assessed Improvements Value: $313,900

    Sales

  • Current Sale Contract Date: May 19, 2019
  • Current Sale Recording Date: May 20, 2019
  • Current Sale Transaction ID: 11608457123
  • Current Sale Price: $215,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 201905200615
  • Previous Sale Recording Date: Apr 03, 2019
  • Previous Sale Contract Date: Mar 28, 2019
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: SOUND EQUITY PLATINUM INCOME F
  • Previous Mortgage Transaction Date: Apr 03, 2019
  • Previous Mortgage Loan Amount: $122,850
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$900,000 Jan 30, 2020
$900,000 Oct 27, 2020
$428/mo
Multifamily
Stu
-
-
$810,000 Oct 13, 2023
$810,000 Feb 2, 2024
$595/mo
Multifamily
Stu
-
-
$899,000 Mar 28, 2024
-
$372/mo

About South End


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Frequently Asked Questions

When was property at 4014 Pacific Avenue built and last sold?
The property at 4014 Pacific Avenue was built in 1925 and last sold on May 19, 2019 for $215,000.
How much is this home worth?
The estimated value of the home located at 4014 Pacific Avenue is $959,500.
What are some comparable homes to 4014 Pacific Avenue?
Homes that are comparable to 4014 Pacific Avenue include a multifamily property at 201 East 36th Street, 3841 South Park Avenue, 1509 East 38th Street.

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