Listed by Gateway Real Estate, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

119 170th St E Spanaway, WA 98387

Estimated Value: $920,000 - $992,690

8 Beds
6 Baths
3,744 Sq Ft
$255/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $950,000 $254 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,890/month

7 Days on Market

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Partially Fenced Property

About This Home

As of June 2023

Welcome to this incredible investment opportunity, this 4-plex is in a very convenient location just under 10 minutes you can get to JBLM, 512, I-5 and shopping centers all around. 4-plex offers a great amount of features and upgrades, all 4 units are just under 1,000sqft 2bed/1.5baths that have been renovated, large lot, new appliances, W/D hookup for lower units upstairs units have a coin-op laundry that stays, each unit has its own fully fenced back yard, exterior just repainted. All the hard work has been completed to provide a mostly maintenance free, income producing property. Bringing in $6,550 monthly with a cap rate just under 6.5%. you just can’t go wrong with this one. Please do not disturb tenants.

Last Agent to Sell the Property

Joseph Layer

Gateway Real Estate License #105741 Listed on: 05/19/2023

Gateway Real Estate

Last Buyer's Agent

Rob Condiotty

John L. Scott, Inc License #72687

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2070791

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,750

Year Built

  • Built in 1981

Lot Details

  • 12,425 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,744 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Utilities

  • Radiant Heating System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 502500-083-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,750

Year Built

Built in 1981

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3744
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Cooling: Insert
  • Cooling Y N: Yes
  • Heating: Insert, Radiant
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 502500-083-6
  • Lot Size Acres: 0.2852
  • Lot Size Sq Ft: 12425
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.69
  • LeasedItems: None
  • TotalMonthlyIncome: 6550

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8750

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 960
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 21, 2023
Sold by
Luzhnykh Nikita
Bought by
Crispo Anthony C and Crispo Tina Marie
Seller's Agent
Joseph Layer
Gateway Real Estate
Buyer's Agent
Rob Condiotty
John L. Scott, Inc
List Price
$990,000
Sold Price
$950,000
Premium/Discount to List
-$40,000
-4.04%
Views
48
Current Estimated Value
$956,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,345
Avg. Annual Appreciation
0.24%
Original Mortgage
$701,250
Outstanding Balance
$682,499
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$273,846

Purchase Details

Listed on
Apr 27, 2022
Closed on
Apr 25, 2022
Sold by
Nadezhda Luzhnykh
Bought by
Luzhnykh Nikita
Seller's Agent
Elsa Nunes-Ueno
COMPASS
Buyer's Agent
Joseph Layer
Gateway Real Estate
List Price
$922,000
Sold Price
$922,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
Original Mortgage
$875,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2022
Closed on
Apr 21, 2022
Sold by
Shaikh Moin A and Shaikh Dawn Audrey
Bought by
Luzhnykh Nikita
Seller's Agent
Elsa Nunes-Ueno
COMPASS
Buyer's Agent
Joseph Layer
Gateway Real Estate
List Price
$922,000
Sold Price
$922,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jul 22, 2015
Sold by
Overton Robert J
Bought by
Shaikh Moin and Shaikh Audrey Dawn
Seller's Agent
Joshua Carlson
Better Properties N. Proctor
Buyer's Agent
Jennifer Beadles
Agents Invest
List Price
$359,000
Sold Price
$336,000
Premium/Discount to List
-$23,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%
Original Mortgage
$252,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2006
Sold by
Pratt Sanders J and Pratt Antoinette
Bought by
Overton Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2005
Sold by
Pratt Sanders J
Bought by
Pratt Sanders J and Pratt Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 15, 1996
Sold by
Pratt Sanders J
Bought by
Pratt Sanders J and Pratt Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,015
Interest Rate
7.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crispo Anthony C $950,000 First American Title Insurance
Luzhnykh Nikita -- Ticor Title
Luzhnykh Nikita $921,719 Ticor Title
Shaikh Moin $335,719 Wfg Natl Title
Overton Robert J $320,000 First American Title Ins Co
Pratt Sanders J -- Pst
Pratt Sanders J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crispo Anthony C $701,250
Previous Owner Luzhnykh Nikita $875,000
Previous Owner Shaikh Moin $252,000
Previous Owner Overton Robert J $256,000
Previous Owner Pratt Sanders J $100,000
Previous Owner Pratt Sanders J $144,015
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $950,000 -4.0% $254 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $990,000 +7.4% $264 / Sq Ft
04/27/2022 04/27/22 Sold $922,000 0.0% $246 / Sq Ft View Prior Sale
04/27/2022 04/27/22 For Sale $922,000 +174.4% $246 / Sq Ft
08/10/2015 08/10/15 Sold $336,000 -6.4% $90 / Sq Ft View Prior Sale
05/02/2015 05/02/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $359,000 -- $96 / 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 $9,347 $877,400 $196,500 $680,900
2024 $9,347 $879,700 $182,400 $697,300
2023 $9,347 $774,700 $166,500 $608,200
2022 $8,663 $758,300 $166,500 $591,800
2021 $7,586 $519,400 $98,700 $420,700
2019 $5,061 $413,000 $81,700 $331,300
2018 $5,353 $390,700 $74,500 $316,200
2017 $5,114 $323,400 $65,400 $258,000
2016 $4,456 $288,000 $56,300 $231,700
2014 $3,977 $249,000 $51,600 $197,400
2013 $3,977 $231,000 $43,100 $187,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2070791

Northwest Multiple Listing Service (NWMLS)

APN: 502500-0836

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