1602 172nd St E Spanaway, WA 98387
Spanaway AreaEstimated payment $4,729/month
Highlights
- 0.87 Acre Lot
- No HOA
- Level Lot
About This Lot
Rare opportunity to acquire a 0.87-acre infill development site in the heart of Spanaway, one of Pierce County’s fastest-growing residential corridors. Zoned NCOR (Neighborhood Corridor), the property benefits from an allowable residential density of 24 to 40 dwelling units per acre, supporting efficient, higher-density housing within an established urban neighborhood. The current conceptual development plan includes six newly constructed fourplex buildings together with the adaptive reuse and conversion of the existing residence into a fourplex, creating a 28-unit residential community. Incorporating the existing home into the development concept offers a meaningful advantage by preserving a substantial portion of the existing structure, potentially reducing demolition costs, shortening construction timelines, lowering material requirements, and maximizing the productive use of improvements already in place. This approach also provides an opportunity to enhance overall project economics while delivering a cohesive residential community. With continued demand for attainable housing and a limited supply of infill land, the property presents a compelling opportunity for developers and builders seeking a well-located residential project in the South Sound.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2540752
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,178
Lot Details
- 37,957 Sq Ft Lot
- Level Lot
Utilities
- Septic Design Installed
- Sewer in Street
Community Details
- No Home Owners Association
- Spanaway Subdivision
Listing and Financial Details
- Assessor Parcel Number 3256000180
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,980 | $638,800 | $248,100 | $390,700 |
| 2024 | $6,943 | $614,700 | $230,400 | $384,300 |
| 2023 | $6,943 | $598,500 | $228,700 | $369,800 |
| 2022 | $6,836 | $622,300 | $228,700 | $393,600 |
| 2021 | $6,259 | $448,600 | $135,600 | $313,000 |
| 2019 | $4,522 | $408,300 | $112,300 | $296,000 |
| 2018 | $5,128 | $375,700 | $102,300 | $273,400 |
| 2017 | $4,539 | $332,800 | $89,800 | $243,000 |
| 2016 | $3,999 | $266,600 | $77,300 | $189,300 |
| 2014 | $3,503 | $238,400 | $71,100 | $167,300 |
| 2013 | $3,503 | $216,500 | $59,500 | $157,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2026 08/07/26 | Price Changed | $750,000 | -6.3% | -- |
| 06/18/2026 06/18/26 | For Sale | $800,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | $87,924 | First American Title Ins Co |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2540752
APN: 325600-0180
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Based on information submitted to the MLS GRID
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