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

118 169th St E Spanaway, WA 98387

Estimated Value: $683,000 - $707,000

6 Beds
5 Baths
2,802 Sq Ft
$248/Sq Ft Est. Value

Last Sold February 12, 2018

Last sale price $395,000 $141 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,235/month

172 Days on Market

About This Home

As of February 2018

Great rental in Spanaway! This Newer duplex has over 1400 sq ft per side 3 bed 2.5 bath and 2 car garage..always easy to rent! Good size back yard. Each unit has patio as well.

Last Agent to Sell the Property

Robert Stoeck

Redfin License #17740 Listed on: 07/20/2017

Redfin

Last Buyer's Agent

Jonathan Hodgson

John L. Scott, Inc License #110447

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1164596

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,351

Year Built

  • Built in 2006

Lot Details

  • 7,000

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,802 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • Septic Tank
  • Septic System
  • Cable TV Available

Additional Features

  • Patio
  • 7,000 Sq Ft Lot

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025000790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,351

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2802
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • 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: Cable Connected, Septic System, Natural Gas Connected
  • PowerCompany: TPU
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water
  • WaterSewerGarbage: 60

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 5025000790
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: County

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2575

Multi Family

  • Gross Scheduled Income: 30900
  • Net Operating Income: 25049
  • Number Of Units Total: 2
  • Electric Expense: 15
  • Insurance Expense: 600
  • Leasable Area: 2802
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4351

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Feb 6, 2018
Sold by
Geltz Charles and Geltz Tosun
Bought by
Iheke Bonny
Seller's Agent
Robert Stoeck
Redfin
Buyer's Agent
Jonathan Hodgson
John L. Scott, Inc
List Price
$410,000
Sold Price
$395,000
Premium/Discount to List
-$15,000
-3.66%
Current Estimated Value
$695,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,365
Avg. Annual Appreciation
7.95%
Original Mortgage
$296,250
Outstanding Balance
$252,048
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$455,875

Purchase Details

Closed on
Dec 16, 2008
Sold by
Davis Shari E
Bought by
Geltz Charles and Geltz Tosun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,400
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2006
Sold by
Torbet Donald E
Bought by
Suncrest Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
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
Iheke Bonny $394,719 First American Title Insuran
Geltz Charles $288,000 Fatco
Suncrest Builders Inc $160,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iheke Bonny $296,250
Previous Owner Geltz Charles $230,400
Previous Owner Suncrest Builders Inc $279,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2018 02/12/18 Sold $395,000 -1.3% $141 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
09/14/2017 09/14/17 Price Changed $400,000 -2.4% $143 / Sq Ft
07/31/2017 07/31/17 For Sale $410,000 0.0% $146 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $410,000 -- $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 $6,585 $592,300 $174,300 $418,000
2024 $6,585 $600,000 $161,800 $438,200
2023 $6,585 $565,500 $141,400 $424,100
2022 $6,380 $577,900 $141,400 $436,500
2021 $6,164 $440,900 $83,800 $357,100
2019 $4,403 $397,100 $69,400 $327,700
2018 $4,652 $364,400 $63,300 $301,100
2017 $4,351 $298,700 $55,500 $243,200
2016 $3,961 $268,400 $47,800 $220,600
2014 $3,566 $235,500 $43,800 $191,700
2013 $3,566 $219,200 $36,600 $182,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1164596

Northwest Multiple Listing Service (NWMLS)

APN: 502500-0790