Listed by John L. Scott, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

117 162nd St S Spanaway, WA 98387

8 Beds
4 Baths
3,536 Sq Ft
0.41 Acres

Last Sold September 21, 2022

Last sale price $855,000 $242 Per Sq Ft

98 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Patio
  • 0.41 Acre Lot
  • No HOA
  • High Speed Internet

About This Home

As of September 2022

Well-maintained 4-plex with new exterior paint and gutters. Professionally managed with long-term tenants currently occupy these units that are renting for below market rate. Each unit includes: 2 bedrooms, 1 full bath, storage space, a kitchen area with granite counters, washer, dryer and a deck or patio area. Water heaters are strapped, fireplaces have been decommissioned, electrical panels were replaced in 2020, septic is regularly maintained and extensive landscaping was completed in 2021. Everyone has a place to park with 6 covered and 2 uncovered spaces. Whether you live in one unit and rent the others, or solely use this as your long-term investment, there's flexibility to grow your cash flow with this great opportunity!

Last Agent to Sell the Property

Matthew 'Cooper' Carlson

John L. Scott, Inc. License #21023161 Listed on: 05/12/2022

John L. Scott, Inc.

Last Buyer's Agent

Mohammad Kanso

Skyline Properties, Inc. License #131647

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1933070

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,497

Year Built

  • Built in 1979

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 125 x 142
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Thompson Elementary School
  • Spanaway Jnr High Middle School
  • Spanaway Lake High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025002371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,497

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: Elmhurst Mutual
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Spanaway Lake High
  • Middle Or Junior School: Spanaway Jnr High

Lot Info

  • Parcel Number: 5025002371
  • Lot Size Acres: 0.4075
  • Lot Size: 125 x 142
  • Lot Size Sq Ft: 17750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4670

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6497

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Thompson Elem
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2022 09/21/22 Sold $855,000 -5.0% $242 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $900,000 -- $255 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $7,553 $660,600 $319,000 $341,600
2024 $7,553 $695,300 $290,000 $405,300
2023 $7,553 $604,600 $290,000 $314,600
2022 $6,942 $604,600 $290,000 $314,600
2021 $6,497 $437,100 $231,700 $205,400
2019 $4,571 $400,600 $210,300 $190,300
2018 $5,029 $348,300 $175,200 $173,100
2017 $4,811 $302,900 $146,000 $156,900
2016 $4,884 $279,100 $162,400 $116,700
2014 $4,726 $279,100 $162,400 $116,700
2013 $4,726 $279,100 $162,400 $116,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1933070

Northwest Multiple Listing Service (NWMLS)

APN: 502500-237-1