Listed by Keller Williams Eastside, Bought with Dove Realty, Inc.
NOT LISTED FOR SALE

1523 148th Street Ct S Unit 1525 Spanaway, WA 98387

Estimated Value: $606,000 - $737,000

6 Beds
4 Baths
3,042 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $626,000 $206 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,064/month

5 Days on Market

Highlights

  • 0.45 Acre Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Territorial View

About This Home

As of August 2021

Investor alert! Don't miss your opportunity to take ownership of this duplex already fully rented out for your convenience. Conveniently located on a quiet cul-de-sac and features a very functional floor plan for each separate unit, large living space, and large backyard partially fenced for your tenants to enjoy. Easy access and very close to JBLM, freeways, shopping, and more. Each unit is a 2 bedroom, 1.5 bath with 1-car garage, each unit approximately 1,521 sqft. Comes with existing washer and dryer hooks up. New roof put on January 2021.

Last Agent to Sell the Property

Eugene Adams

Keller Williams Eastside License #87428 Listed on: 06/03/2021

Keller Williams Eastside

Co-Listed By

Thuy Nguyen

Keller Williams Eastside License #116446

Last Buyer's Agent

CJ Spivey

Dove Realty, Inc. License #28371

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1785922

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 1992

Lot Details

  • 0.45 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9726000030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$989

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: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3042
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thanks for showing!
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 9726000030
  • Lot Size Acres: 0.4497
  • Lot Size Sq Ft: 19590
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 39535
  • Net Operating Income: 30028
  • Number Of Units Total: 2
  • Insurance Expense: 989
  • Leasable Area: 3042
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 989

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Aug 18, 2021
Sold by
Mattson Robert A and Mattson Karin D
Bought by
Calcote Patrick and Calcote Angelica
Seller's Agent
Eugene Adams
Keller Williams Eastside
Buyer's Agent
CJ Spivey
Dove Realty, Inc.
List Price
$575,000
Sold Price
$626,000
Premium/Discount to List
$51,000
8.87%
Current Estimated Value
$669,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,098
Avg. Annual Appreciation
1.62%
Original Mortgage
$406,900
Outstanding Balance
$369,998
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$299,100

Purchase Details

Closed on
Oct 8, 2002
Sold by
Butler Robert E
Bought by
Mattson Robert A and Mattson Karin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,400
Interest Rate
6.17%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Calcote Patrick $626,000 Chicago Title
Mattson Robert A $220,000 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calcote Patrick $406,900
Previous Owner Mattson Robert A $191,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2021 08/23/21 Sold $626,000 +8.9% $206 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $575,000 -- $189 / 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 $6,200 $565,200 $208,100 $357,100
2024 $6,200 $573,500 $198,600 $374,900
2023 $6,200 $534,000 $182,900 $351,100
2022 $6,753 $649,300 $182,900 $466,400
2021 $6,194 $443,500 $106,000 $337,500
2019 $4,410 $375,100 $89,900 $285,200
2018 $4,316 $365,300 $80,600 $284,700
2017 $4,316 $309,700 $67,600 $242,100
2016 $4,145 $283,500 $57,200 $226,300
2014 $3,279 $247,700 $56,200 $191,500
2013 $3,279 $212,500 $49,200 $163,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1785922

Northwest Multiple Listing Service (NWMLS)

APN: 972600-0030