Listed by Hawkins Poe, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

116 118 173rd St E Spanaway, WA 98387

Estimated Value: $661,000 - $769,000

6 Beds
5 Baths
2,782 Sq Ft
$256/Sq Ft Est. Value

Last Sold March 20, 2014

Last sale price $337,000 $121 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,346/month

144 Days on Market

About This Home

As of March 2014

Looking for investment properties with zero maintenance? These buildings have been meticulously maintained and show like brand new. Great open floor plans with master suites in each duplex. Rent both units or live in one and rent out the other. Hardiplank siding, 30 year roof, high end finish materials and quality construction. Nice street with perfect convenient location to JBLM and PLU. Secure tenants are already in place which means you don’t have to do a thing but close - Instant income!

Last Agent to Sell the Property

Jenny Gullikson

Hawkins Poe License #76396 Listed on: 07/25/2013

Hawkins Poe

Last Buyer's Agent

Michael Robinson

Windermere Prof Partners License #18503

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 522133

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,556

Year Built

  • Built in 2009

Lot Details

  • 10,650 Sq Ft Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,782 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • Septic Tank
  • Septic System

Community Details

  • Lake Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025001079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,556

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2009
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2782
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Utilities: Septic System, Natural Gas Connected
  • WaterSewerGarbage: 117

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 5025001079
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 25123
  • Number Of Units Total: 2
  • Insurance Expense: 587
  • Leasable Area: 2782
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 6

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2015
Sold by
Gratzer Peter A and Gratzer Janet E
Bought by
116-118 173Rd St E Llc
Current Estimated Value
$713,444

Purchase Details

Listed on
Jul 25, 2013
Closed on
Mar 19, 2014
Sold by
Almond Dermann 173Rd Llc
Bought by
Gratzer Peter A and Gratzer Janet E
Seller's Agent
Jenny Gullikson
Hawkins Poe
Buyer's Agent
Michael Robinson
Windermere Prof Partners
List Price
$375,000
Sold Price
$337,000
Premium/Discount to List
-$38,000
-10.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$235,900
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2008
Sold by
Dermann Robert A and Dermann Donna A
Bought by
Almond Dermann 173Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,404
Interest Rate
6.51%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
116-118 173Rd St E Llc -- None Available
Gratzer Peter A $336,719 Cw Title
Almond Dermann 173Rd Llc -- Pst
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gratzer Peter A $235,900
Previous Owner Almond Dermann 173Rd Llc $263,404
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2014 03/20/14 Sold $337,000 -10.1% $121 / Sq Ft
12/17/2013 12/17/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $375,000 -- $135 / 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 $6,759 $602,300 $190,200 $412,100
2024 $6,759 $608,500 $176,600 $431,900
2023 $6,759 $582,200 $159,300 $422,900
2022 $6,536 $594,600 $159,300 $435,300
2021 $6,284 $450,300 $94,400 $355,900
2019 $4,478 $404,800 $78,200 $326,600
2018 $4,738 $371,400 $71,300 $300,100
2017 $4,432 $304,900 $62,600 $242,300
2016 $4,035 $273,700 $53,900 $219,800
2014 $3,625 $240,400 $49,400 $191,000
2013 $3,625 $223,200 $41,300 $181,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 522133

Northwest Multiple Listing Service (NWMLS)

APN: 502500-1079