When I see property like this for sale I wonder what happened. Somebody obviously had a vision for the site as some kind of multifamily living unit but now it is for sale with an asking price of $275,000. The concrete footings will only have value if a new buyer has a very similar vision. For now, this property on the southwest corner of Yakima Avenue and South 15th Street awaits purchase and development. Oddly, I couldn’t locate information about the Delaurenti Realty Co. on the internet.
I remember going through the Marcato Condominiums at 1501 Tacoma Avenue South a couple of years back when there was a big tour of many of the condominiums in Tacoma. This complex more than some of the others seemed to have a sense of community. I especially liked the mini movie theater. The complex was built in 2006 and at least the upper units have a lovely view of Mt. Rainier, as can be seen by photo below.
Sales data from the condo.com web site http://www.condo.com/Condo_TACOMA_98402_Reverie-at-Marcato-Condo_8168414/RecentSales indicates that in Unit 506 (790 sq.ft.) is currently available for sale with an asking price of $185,000. In January 2007 when the complex was new, the unit sold for $263,120, so the value has declined by about 30% (assuming that it sells for the asking price).
Prior to the condominium complex, this had been the site of a mixed use property, retail on the lower part and apartments on the upper level. The property was destroyed in a practice burn by the fire department on August 21, 2001. To see a photo of the prior building, go to: