18002 38th Avenue Ct E Tacoma, WA 98446

4 beds · 2 baths · 2,556 sq ft · Lot Size: 6,581 sq ft · Single Family Home · Frederickson
Est. Property Value: $620,285

High Demand Long-Term RentalValued below Market MedianGood value per sqftOwned for Less Than 5 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

18002 38th Avenue Ct E is in the Frederickson neighborhood of Tacoma, WA. It is located in Pierce County and ZIP code 98446. This Single Family Home was built in 2020 and is approximately 5 years old. The single family home spans 2556 sq ft with 4 bedrooms and 2 bathrooms and sits on a 6581 sq ft lot. According to public records, it was last sold in 2024 for $580,000 and has a tax-assessed value of $551,100, which is $243 per sq ft. The Frederickson area of Tacoma has 5 residential homes with an average size of 2151 sq ft. Analyze and compare real estate investment strategies for properties like this home at 18002 38th Avenue Ct E Tacoma, WA 98446 with Property Intel by Whitepages.

Owners & Occupancy for 18002 38th Avenue Ct E

No contact information is available.

Occupancy

Resident 1*********************** age 42

Property Financials for 18002 38th Avenue Ct E

18002 38th Avenue Ct E, Tacoma, WA has a mortgage from Success Lndg Llc (orig. April 19, 2024). The Pierce county assessment for 2024 values it at $551,100, with annual taxes of $5,990.

Mortgage & Equity Information

Loan Amount$******
LenderSuccess Lndg Llc
Origination DateApril 19, 2024
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateApril 23, 2024
Property Tax Amount$5,990 in 2024
Purchase Price$580,000
Assessed Value$551,100 on 2024

Investment Potential for 18002 38th Avenue Ct E

The property has a current estimated value of $620,285, which is 17% below the neighborhood median, based on public records. It last sold on April 23, 2024 for $580K. Projected long-term
is $42,600 annually ($3,550 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$42,600 per year($3,550 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 98446 zip code
 
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Property Details for 18002 38th Avenue Ct E

Property Details

Property Sq Ft

Living Area

2,556 sq ft

19% above market

Lot Size

6,581 sq ft

94% below market

Price Per Sq Ft

Living Area

$243 / sq ft

28% below market

Lot Size Area

$94 / sq ft

1287% above market

Property condition, age, exterior, etc. for 18002 38th…
Longitude: -122.378089 Latitude: 47.092749 Parcel Number (APN): 500507-001-0…

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Market Benchmarks

Compare data for 18002 38th Avenue Ct E in Pierce County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$620,285
$784,233
-$163,949 (-21%)
$******
$846,942
$59,809 (7%)
YoY Price Change
****%
2.92%
-83%
Year Built
2020
1991
29 years
Living Space
2,556 sq ft
2,476 sq ft
80 (3%)
$ Per Living Sq Ft
$243
$318
-$76 (-24%)
Lot Size
6,581 sq ft
9,600 sq ft
-3019 (-31%)
$ Per Lot Sq Ft
$94
$78
$16 (20%)

Net Operating Income
$*****
$23,820
$2,585 (11%)
Annual Revenue
$42,600
$42,000
$600 (1%)
$*****
$17,441
-$1,246 (-7%)
Net Operating Income
$*****
$23,820
$2,585 (11%)
Cap Rate
****%
3.12%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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