NOT LISTED FOR SALE

1518 - 1520 148th Street Ct S Spanaway, WA 98367

Estimated Value: $631,000 - $750,000

4 Beds
3 Baths
3,042 Sq Ft
$221/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $565,500 $186 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,329/month

9 Days on Market

Highlights

  • 0.76 Acre Lot
  • Patio
  • Wall to Wall Carpet
  • Cul-De-Sac

About This Home

As of May 2021

2+ bedrooms, 1.5 bath townhouse duplex, 1 car garage with opener, w/d hookups. Located in private cul-de-sac near Spanaway Park. Extra large lot with land down below on the south side of the property. New interior paint, wood laminate & carpet in 1518 in 2018. Below market rents. No increases for 1+ years due to Covid.

Last Agent to Sell the Property

Don Campbell

Real Estate Investment Svcs License #17531 Listed on: 03/25/2021

Last Buyer's Agent

Michelle Hernandez

NextHome Signature Properties License #117677

NextHome Signature Properties

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1748170

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,595

Year Built

  • Built in 1992

Lot Details

  • 0.76 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,042 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319206020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,595

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1992
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3042
  • Special Features: None
  • Cumulative Days on Market: 290

Interior Features

  • Possible Use: Multi-Family
  • 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: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Elmherst
  • WaterCompany: Parkland
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 0319206020
  • Lot Size Acres: 0.76
  • Lot Size Sq Ft: 33106
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Pierce County Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2870

Multi Family

  • Gross Scheduled Income: 34440
  • Net Operating Income: 24702
  • Number Of Units Total: 2
  • Insurance Expense: 1529
  • Leasable Area: 1521
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 5, 2021
Sold by
Ripen Llc
Bought by
Bostwick Nicholas
Seller's Agent
Don Campbell
Real Estate Investment Svcs
Buyer's Agent
Michelle Hernandez
NextHome Signature Properties
List Price
$579,500
Sold Price
$565,500
Premium/Discount to List
-$14,000
-2.42%
Total Days on Market
9
Current Estimated Value
$673,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,729
Avg. Annual Appreciation
3.57%
Original Mortgage
$452,400
Outstanding Balance
$416,888
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$236,192

Purchase Details

Closed on
Oct 12, 2007
Sold by
Ripan Llc
Bought by
Anderson Terry W and Anderson Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,400
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2005
Sold by
2005 Anderson Family Lp
Bought by
Ripan Llc

Purchase Details

Closed on
Apr 21, 2005
Sold by
Anderson Terry W
Bought by
2005 Anderson Family Lp

Purchase Details

Closed on
Jul 24, 1996
Sold by
Cusato Paul and Cusato Sharon L
Bought by
Anderson Terry W and Anderson Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
8.39%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Bostwick Nicholas $565,500 Wfg Natl Ttl Co Of Wa Llc
Anderson Terry W -- Pnwt
Ripan Llc -- Pnwt
Ripan Llc -- Rtc
2005 Anderson Family Lp -- --
Anderson Terry W $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bostwick Nicholas $452,400
Previous Owner Anderson Terry W $267,400
Previous Owner Anderson Terry W $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $565,500 -2.4% $186 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $579,500 -- $190 / 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
2024 $6,767 $581,600 $207,800 $373,800
2023 $6,767 $588,000 $236,900 $351,100
2022 $7,268 $703,300 $236,900 $466,400
2021 $6,596 $474,800 $137,300 $337,500
2019 $4,668 $401,600 $116,400 $285,200
2018 $5,085 $389,100 $104,400 $284,700
2017 $4,565 $329,600 $87,500 $242,100
2016 $4,289 $292,900 $66,600 $226,300
2014 $3,400 $257,100 $65,600 $191,500
2013 $3,400 $220,700 $57,400 $163,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1748170

Northwest Multiple Listing Service (NWMLS)

APN: 031920-6020