Listed by Haskell Realty
NOT LISTED FOR SALE

111 113 175th St S Spanaway, WA 98387

Estimated Value: $511,563 - $615,000

4 Beds
3 Baths
1,880 Sq Ft
$300/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $278,000 $148 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,529/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • 1-Story Property
  • Territorial View
  • Wall to Wall Carpet

About This Home

As of September 2017

ATTN:INVESTORS or HOME BUYERS Beautifully maintained rambler style Duplex in Spanaway on over 1/3 acre. Each Unit, 2 bed/1 bath, w/W&D, Fireplace, DW, fridge & attached 1 car garage. Also additional 1 car garage in back used as storage building. Partial vinyl windows 2017, fresh exterior paint. Duplex has long term Tenants in both units with below market rents. Opportunity to increase cash flow. The tenants pay all utilities. Live in one side and rent other side. This Duplex will not last long.

Last Agent to Sell the Property

Yon Hicks

Haskell Realty License #125073 Listed on: 07/27/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1165997

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1978

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,880 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • 3 Covered Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Lake Park Condos
  • Lake Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 41-44 / 16
  • Assessor Parcel Number 5025001457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,419

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 1880
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 352

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Tacoma Power
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bethel
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5025001457
  • Lot Size Acres: 0.326
  • Lot Size: 14200
  • Lot Size Sq Ft: 14200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,RV Parking,Shop
  • MLSLotSizeSource: Tax Record
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 41-44

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1825

Multi Family

  • Gross Scheduled Income: 1825
  • Net Operating Income: 17952
  • Number Of Units Total: 2
  • Insurance Expense: 528
  • Leasable Area: 1880
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3419

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Sep 14, 2017
Sold by
Macdonald Thomas A and Macdonald Deborah J
Bought by
Cromer Jill R
Seller's Agent
Yon Hicks
Haskell Realty
List Price
$274,950
Sold Price
$278,000
Premium/Discount to List
$3,050
1.11%
Current Estimated Value
$565,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,929
Avg. Annual Appreciation
9.47%
Original Mortgage
$236,300
Outstanding Balance
$198,686
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$369,805

Purchase Details

Closed on
Apr 13, 2007
Sold by
Sliva Linda I and Camden Christina
Bought by
Macdonald Thomas A and Macdonald Deborah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1999
Sold by
Sliva Linda
Bought by
Sliva John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,900
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 1997
Sold by
Henninger Neretta J and York Neretta J
Bought by
Cey Frank L and Cey Shirley E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,300
Interest Rate
7.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 1997
Sold by
Cey Frank L
Bought by
Lewis Gordon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,300
Interest Rate
7.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cromer Jill R $277,719 Fidelity National Title
Macdonald Thomas A $225,000 Talon Group
Sliva John -- Puget Sound Title Company
Sliva John $157,000 Puget Sound Title Company
Cey Frank L -- Rainier Title Company
Lewis Gordon T $139,000 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cromer Jill R $236,300
Previous Owner Macdonald Thomas A $213,750
Previous Owner Sliva John $155,900
Previous Owner Lewis Gordon T $97,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2017 09/25/17 Sold $278,000 +1.1% $148 / Sq Ft
07/30/2017 07/30/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $274,950 -- $146 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,345 $482,400 $202,000 $280,400
2024 $5,345 $486,100 $187,600 $298,500
2023 $5,345 $454,300 $172,900 $281,400
2022 $5,099 $462,400 $172,900 $289,500
2021 $4,839 $341,600 $102,500 $239,100
2019 $3,434 $304,300 $84,900 $219,400
2018 $3,419 $279,100 $77,300 $201,800
2017 $3,419 $231,000 $67,900 $163,100
2016 $3,052 $206,500 $58,500 $148,000
2014 $2,747 $178,300 $53,600 $124,700
2013 $2,747 $163,600 $44,800 $118,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1165997

Northwest Multiple Listing Service (NWMLS)

APN: 502500-1457