Listed by Pellego, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

15525 15527 Grant Ave SW Lakewood, WA 98498

South Lakes Neighborhood

Estimated Value: $340,000 - $422,000

3 Beds
2 Baths
1,092 Sq Ft
$341/Sq Ft Est. Value

Last Sold March 11, 2019

Last sale price $270,000 $247 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,339/month

34 Days on Market

Highlights

  • High Speed Internet
  • Wall to Wall Carpet
  • 1-Story Property
  • Wood Siding

About This Home

As of March 2019

Two home investment opportunity. Cute duplex property just minutes to JBLM gate. Located close to I-5 and excellent location with lots of potential. The block is in an area for future up-zoning. Also, the property is located in "opportunity zone" which qualifies for capital gains tax benefits. Both homes have updated kitchens, flooring, and paint. Tenants pay for all utilities. This is a cash flowing property with lots of upside potential. Great location close to JBLM.

Last Agent to Sell the Property

Steve Baik

Pellego, Inc. License #101962 Listed on: 01/08/2019

Last Buyer's Agent

Aaron Nelson

Skyline Properties, Inc. License #127645

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1399067

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,603

Year Built

  • Built in 1935

Lot Details

  • 0.3 Acre Lot
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Tillicum Elementary School
  • Woodbrook Mid Middle School
  • Clover Park High School

Utilities

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

Community Details

  • American Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2200000175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,603

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1935
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1092
  • EffectiveYearBuiltSource: See Remarks
  • SOCComments: Thank You
  • Special Features: None
  • Cumulative Days on Market: 386

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Clover Park
  • High School: Clover Park High
  • Middle Or Junior School: Woodbrook Mid

Lot Info

  • Parcel Number: 2200000175
  • Lot Size Acres: 0.2988
  • Lot Size Sq Ft: 13017
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet
  • MLSLotSizeSource: Pierce County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Multi Family

  • Gross Scheduled Income: 24000
  • Net Operating Income: 21197
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 1092
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 1603

MLS Schools

  • Elementary School: Tillicum Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Bobman Steven M
Bought by
Saathoff Bobman Properties Llc
Current Estimated Value
$372,192

Purchase Details

Closed on
May 24, 2021
Sold by
Salem Christopher J and Salem Lorin L
Bought by
Bobman Steve

Purchase Details

Listed on
Jan 8, 2019
Closed on
Mar 5, 2019
Sold by
Bexco Property Xi Llc
Bought by
Salem Christopher J and Salem Lorin L
Seller's Agent
Steve Baik
Pellego, Inc.
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$202,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2018
Sold by
15 Grant Llc
Bought by
Bexco Property Xi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,400
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2017
Sold by
15 Grant Llc
Bought by
15 Grant Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Saathoff Bobman Properties Llc -- --
Bobman Steve $270,000 Chicago Title Company Of Wa
Salem Christopher J $270,000 Old Republic Title
Bexco Property Xi Llc $207,719 Ticor Title
15 Grant Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saathoff Bobman Properties Llc $206,000
Previous Owner Salem Christopher J $202,500
Previous Owner Bexco Property Xi Llc $391,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2019 03/11/19 Sold $270,000 -3.6% $247 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
02/02/2019 02/02/19 For Sale $280,000 0.0% $256 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $280,000 -- $256 / 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 $3,783 $383,600 $188,900 $194,700
2024 $3,783 $351,400 $177,100 $174,300
2023 $3,783 $334,600 $166,900 $167,700
2022 $3,500 $336,900 $166,900 $170,000
2021 $3,215 $234,300 $101,400 $132,900
2019 $2,174 $183,100 $73,000 $110,100
2018 $1,604 $167,400 $67,100 $100,300
Source: Public Records

Agents Affiliated with this Home

  • Steve Baik

    Seller's Agent in 2019

    Steve Baik

    Pellego, Inc.

    (206) 326-8764

    1 in this area

    28 Total Sales

    Steve Baik
    Section Image
  • Aaron Nelson

    Buyer's Agent in 2019

    Aaron Nelson

    Skyline Properties, Inc.

    (425) 906-9080

    2 in this area

    108 Total Sales

    Aaron Nelson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1399067

Northwest Multiple Listing Service (NWMLS)

APN: 220000-0175

Washington Pierce County Lakewood 98498 South Lakes

15525 15527 Grant Ave SW, Lakewood, WA

This home is located at 15525 15527 Grant Ave SW, Lakewood, WA 98498 since 08 January 2019 and is currently estimated at $372,192, approximately $340 per square foot. This property was built in 1935. 15525 15527 Grant Ave SW is a home located in Pierce County with nearby schools including Tillicum Elementary School, Thomas Middle School, and Clover Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes