Listed by Parkside Realty, LLC, Bought with American Dream Realty, LLC
NOT LISTED FOR SALE

16028 16th Ave S Spanaway, WA 98387

Estimated Value: $470,582 - $567,000

4 Beds
2 Baths
1,536 Sq Ft
$343/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $480,000 $312 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,191/month

40 Days on Market

Highlights

  • Territorial View
  • Patio
  • Wood Siding
  • No HOA
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of March 2022

Perfect investment property in an excellent location. New roof and septic pumped in last two months. Long term tenants have lived there over 14 years. Rents are not at market value and tenants are aware of that. Tenants want to stay. Each unit Has a nice eat in kitchen with a large pantry. Washer and dryers are located in the oversized one car garages. Each back yard is fully fenced and left unit had an enlarged concrete patio that is partially covered. Tenants take good care building.

Last Agent to Sell the Property

Lisa Racca

Parkside Realty, LLC License #26097 Listed on: 01/15/2022

Last Buyer's Agent

Ericia Lorentzen

American Dream Realty, LLC License #111329

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1878997

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $483

Year Built

  • Built in 1968

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 105x113
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319292084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$483

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, 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: Cable Connected, Septic System, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0319292084
  • Lot Size Acres: 0.2838
  • Lot Size: 105X113
  • Lot Size Sq Ft: 12361
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1400

Tax Info

  • Year: 2021
  • Tax Annual Amount: 483
  • AdditionalTaxIds: 0319292085

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1536
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 25, 2022
Sold by
Julia Crider
Bought by
16026 16Th Ave Llc
Seller's Agent
Lisa Racca
Parkside Realty, LLC
Buyer's Agent
Ericia Lorentzen
American Dream Realty, LLC
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Current Estimated Value
$527,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,146
Avg. Annual Appreciation
2.69%
Original Mortgage
$288,000
Outstanding Balance
$269,085
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$258,061

Purchase Details

Closed on
May 24, 2001
Sold by
Dowdy Janna L and Dowdy Mitchell J
Bought by
Crider Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.15%
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
16026 16Th Ave Llc $480,000 Ticor Title
Crider Teresa L $130,000 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 16026 16Th Ave Llc $288,000
Previous Owner Crider Teresa L $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $480,000 -4.0% $313 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $500,000 0.0% $326 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
02/09/2022 02/09/22 Price Changed $500,000 0.0% $326 / Sq Ft
02/09/2022 02/09/22 For Sale $500,000 0.0% $326 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $499,950 -- $325 / 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 $4,752 $432,000 $203,300 $228,700
2024 $4,752 $439,000 $193,900 $245,100
2023 $4,752 $401,500 $178,300 $223,200
2022 $4,474 $420,300 $178,300 $242,000
2021 $4,023 $280,100 $103,400 $176,700
2019 $2,854 $238,700 $87,700 $151,000
2018 $3,092 $227,800 $78,600 $149,200
2017 $2,793 $192,800 $65,900 $126,900
2016 $2,576 $168,800 $50,200 $118,600
2014 $2,070 $148,400 $49,200 $99,200
2013 $2,070 $127,800 $43,100 $84,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1878997

Northwest Multiple Listing Service (NWMLS)

APN: 031929-2084