$743,000
SOLD JUN 5, 2025

16303 Park Ave S Unit 1-2 Spanaway, WA 98387

4 Beds
6 Baths
3,342 Sq Ft
0.26 Acres

Recently Sold

$222 Per Sq Ft

1% Below List Price

Highlights

  • Corner Lot
  • Thermal Windows
  • High Speed Internet
  • No HOA
  • Patio
  • Property is in very good condition

About This Home

As of June 2025

Better than new! This spacious duplex offers 3 beds, 2.5 baths per side with 1,662 sq ft each—3,324 sq ft total! Just minutes from military bases, it's ideal for investment or multi-gen living. Both units feature laminate hardwood, electric fireplaces, fully fenced yards, and all appliances in like-new condition. One-unit shines with brand-new carpet, paint, flooring, and blinds. Bonus: RV parking and only 1 block from an elementary school. Rare opportunity—move-in ready and impeccably maintained!

Last Agent to Sell the Property

Andrew Welch

Paramount Real Estate Group License #17782 Listed on: 05/10/2025

Last Buyer's Agent

Andrew Welch

Paramount Real Estate Group License #17782 Listed on: 05/10/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2371209

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,582

Year Built

  • Built in 2008

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Property is Fully Fenced
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,342 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Spanaway Elementary School
  • Spanaway Jnr High Middle School
  • Spanaway Lake High School

Utilities

  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Park Condos
  • Lake Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 22,23,24 / 55
  • Assessor Parcel Number 5025004854

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,582

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 3342
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1316

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Not Applicable
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Bethel
  • High School: Spanaway Lake High
  • Middle Or Junior School: Spanaway Jnr High

Lot Info

  • Parcel Number: 5025004854
  • Lot Size Acres: 0.2583
  • Lot Size: 75x150
  • Lot Size Sq Ft: 11252
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Tax Records
  • ZoningJurisdiction: County
  • LotNumber: 22,23,24

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 53400
  • Net Operating Income: 50188
  • Number Of Units Total: 2
  • Insurance Expense: 1451
  • Leasable Area: 3342
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7582

MLS Schools

  • Elementary School: Spanaway Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2025
Closed on
Jun 9, 2025
Sold by
Shearwater Properties Llc
Bought by
Meier Mark
Seller's Agent
Andrew Welch
Paramount Real Estate Group
Buyer's Agent
Andrew Welch
Paramount Real Estate Group
List Price
$750,000
Sold Price
$743,000
Premium/Discount to List
-$7,000
-0.93%
Views
12
Current Estimated Value
$765,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,826
Avg. Annual Appreciation
8.77%

Purchase Details

Closed on
Aug 21, 2017
Sold by
Fritz Robert and Fritz Lynnae
Bought by
Shearwater Properties Llc

Purchase Details

Closed on
Dec 9, 2013
Sold by
Park Avenue Properties Llc
Bought by
Fritz Robert and Fritz Lynnae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2008
Sold by
Suncrest Builders Inc
Bought by
Park Avenue Properties Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $743,000 Aegis Land Title
Quit Claim Deed -- None Available
Warranty Deed $340,000 Fidelity National Title Comp
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $187,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2025 06/05/25 Sold $743,000 -0.9% $222 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/10/2025 05/10/25 For Sale $750,000 -- $224 / 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 $7,852 $697,300 $199,300 $498,000
2024 $7,852 $708,000 $190,100 $517,900
2023 $7,852 $683,400 $173,600 $509,800
2022 $7,539 $727,200 $173,600 $553,600
2021 $6,925 $498,600 $100,600 $398,000
2019 $4,902 $421,700 $85,300 $336,400
2018 $4,761 $408,700 $76,500 $332,200
2017 $4,761 $349,600 $64,200 $285,400
2016 $4,523 $312,700 $48,800 $263,900
2014 $3,517 $275,900 $47,900 $228,000
2013 $3,517 $234,300 $41,900 $192,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2371209

Northwest Multiple Listing Service (NWMLS)

APN: 502500-4854