516 South 51st Street
516 South 51st Street
Tacoma, WA 98408
$730,000
Last Sold Price
6
Beds
3.5
Baths
2,626 Sq. Ft.
$278 / Sq. Ft.
2,626
Sq. Ft.
$278
per Sq. Ft.
Sold 6/6/23
Sold 6/6/23
Listing provided courtesy of COMPASS, RE/MAX Integrity
Description
New Construction home in front with detached ADU in rear off alley (BUILT IN 1925). This home has a fabulous floor plan with main living room/entry, guest 1/2 bath, huge kitchen with island breakfast bar and dining/greatroom. Upper floor boasts 4 bedrooms including a large primary suite with walk-in closet, 5 piece bath and free-standing soaking tub. Convenient laundry room on the upper floor. ADU in back has 2 bedrooms and 1 bath and completely updated. Perfect for an extended living situation or...New Construction home in front with detached ADU in rear off alley (BUILT IN 1925). This home has a fabulous floor plan with main living room/entry, guest 1/2 bath, huge kitchen with island breakfast bar and dining/greatroom. Upper floor boasts 4 bedrooms including a large primary suite with walk-in closet, 5 piece bath and free-standing soaking tub. Convenient laundry room on the upper floor. ADU in back has 2 bedrooms and 1 bath and completely updated. Perfect for an extended living situation or short/long term rental. All finishes were curated by a local designer and chosen for durability as well as a high-end look. SPECIAL FINANCING FROM ORIGIN POINT MORTGAGE ALLOWS FOR INCOME CREDIT FOR ADU AND AIR B&B!
Listing Agent
![Jason Kjellesvik]()
jason.kjellesvik@compass.comP: 253.314.8659
Property Details for 516 South 51st Street
Community Name
South Tacoma
School DistrictTacoma
ViewTerritorial
Number of Assigned Spaces4
Total Covered Parking2
Entry Date06-20-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of COMPASS![]()
Sold By RE/MAX Integrity
Add your commute
LISTING UPDATED: 06/06/2023 07:29 PM
Property Details for 516 South 51st Street
| Status | Sold |
|---|---|
| MLS # | 2050655 |
| Days on Market | 302 |
| Taxes | $2,775 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1925 |
| Lot Size | 0.14 AC / 6,000 SF |
| County | Pierce County |
Location
Listing Courtesy of COMPASS![]()
Sold By RE/MAX Integrity
Add your commute
Building Information for 516 South 51st Street
Stories2Residences2Year Built1925Building Size-Lot Size0.14 AC / 6,000 SF
Payment Calculator
$3,896 per month
30 year fixed, 6.43% Interest
Principal and Interest
$3,664
Property Taxes
$231
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 516 South 51st Street
Summary
- Style: 52 - Duplex
- Site Features: Fenced-Partially, Outbuildings
- Area: 59 - Southeast Tacoma
- Block: 20
- Elementary School: Lyon
- Middle Or Junior School: Stewart
- High School: Lincoln High
- Effective Year Built Source: Public Records
- Directions: From I-5 take the S. 56th exit east, then go left on S. Fawcett then right on 51st to home on right.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Location and General Information
- Tax Year: 2022
Taxes and HOA Information
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Parking
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=LmZbdxFtQbQ&play=0&wh=0&ts
- Virtual Tour URL Description: MatterPort Walk Through Tour
- Virtual Tour URL Unbranded2: https://www.seetheproperty.com/presentation/panorama.php?Branded=0&restricted=1&order_id=416587
- Virtual Tour URL Description2: All Tours Including Video
Virtual Tour
Interior and Exterior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- New Construction: Completed
- Cooling: Yes
- Cooling: Ductless HP-Mini Split, Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Forced Air, Wall Unit(s)
- FIRPTA: No
Interior Features
- Exterior: Cement Planked, Wood, Wood Products
- Roof: Composition
Exterior Features
Property
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Tacoma Public Utilities
- Sewer Company: Tacoma Public Utilities
- Water Company: Tacoma Public Utilities
- Power Production Type: Electric
Utilities
- New Construction YN: Yes
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Construction Methods: Standard Frame
- Estimated Completion Date: 2022-06-15
- First Right Of Refusal: false
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1980
- Photos Count: 31
Property and Assessments
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 50x120
- Lot Number: 9&10
- Lot Size Source: Public Records
- Parcel Number Free Text: 511500-1-610
- Building Condition: Very Good
- Calculated Square Footage: 2626
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2626.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Lot Information
Multi Family
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Building Details
- Electric Expense: $0
- Total Expenses: 3574.55
- Gross Adjusted Income: 54720
- Gross Rent Multiplier: 13.89
- Gross Scheduled Income: $57,600
- Insurance Expense: $800
- Net Operating Income: $51,146
- Other Expenses: $0
- Total Monthly Income: 4800
- Fuel Expense: $0
Financing / Income and Expenses
- Name Unit 1: Front
- Washer/Dryer Unit 1: Yes
- Range/Oven Unit 1: Yes
- Refrigerator Unit 1: Yes
- Dishwasher Unit 1: Yes
- Square Feet Unit 1: 1862
- Rent Unit 1: $3,000.00
- Bedrooms Unit 1: 4
- Fireplaces Unit 1: No
- Bathrooms Unit 1: 3
Unit 1
- Name Unit 2: ADU
- Washer/Dryer Unit 2: No
- Range/Oven Unit 2: Yes
- Refrigerator Unit 2: Yes
- Dishwasher Unit 2: Yes
- Square Feet Unit 2: 764
- Rent Unit 2: $1,800.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 2
Rental
- Occupant Type: Tenant
- Leasable Area: 2626.0
- Leasable Area Units: Square Feet
Rent Information
Property History for 516 South 51st Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 516 South 51st Street
Taxable ValueLand$140,800Additions$100,700Total$241,500
Tax Record2022$4,159 ($347 / month)
Home Facts
Beds2Total Finished SqFt764 SqFtAbove Ground SqFt764 SqFtStories1Lot Size6,000 SqFtStyleSingle Family ResidenceYear Built1925Year Renovated1980ZoningR2CountyPIERCEAPN5115001610
Schools near 516 South 51st Street
This home is within Tacoma School District.
| Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 11 |
| Rating | School | Distance |
|---|---|---|
Lyon PublicPK to 5 | ||
Stewart Public6 to 8 | ||
Lincoln Public9 to 12 | ||
Industrial Design Engineering And Art Public9 to 11 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.