Listed by Windermere Abode, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

16305 Lakeside Dr S Spanaway, WA 98387

Estimated Value: $388,000 - $578,000

3 Beds
1 Bath
1,054 Sq Ft
$470/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $600,000 $569 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,955/month

7 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Golf Course Community
  • RV Access or Parking
  • Docks
  • Community Boat Launch
  • Lake View

About This Home

As of May 2024

Welcome to your own slice of paradise! This one-of-a-kind lake house on Spanaway Lake was beautifully rebuilt in 2019. Offering a tranquil retreat with stunning views of Mt Rainier. Enjoy early mornings on the calm lake, host bonfires and cookouts by the water or under the shade of the beautiful cherry tree in the backyard. Nestled next to a scenic golf course and a convenient boat launch, you'll have endless opportunities for outdoor fun. Many restaurants nearby and just a short drive to Tacoma or Seattle, this is not just a home - it's a dream come true. Don't miss your chance to own a piece of paradise in this excellent community. Embrace the magic of lakefront living and create unforgettable memories in this remarkable sanctuary.

Last Agent to Sell the Property

LaTosha Thomas

Windermere Abode License #89947 Listed on: 04/04/2024

Windermere Abode

Last Buyer's Agent

Ming Zhu

Kelly Right RE of Seattle LLC License #20321410

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2217645

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,801

Year Built

  • Built in 1910

Lot Details

  • 7,386 Sq Ft Lot
  • Low Bank Waterfront Property
  • 50 Feet of Waterfront
  • West Facing Home
  • Partially Fenced Property
  • Level Lot
  • Property is in very good condition

Home Design

  • Craftsman Architecture
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,054 Sq Ft Home
  • 1-Story Property
  • Lake Views
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck
  • Gazebo
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Spanaway Lake Subdivision

Recreation

  • Community Boat Launch
  • Golf Course Community
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,801

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1054
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2217645?w=Consumer&agent=122993
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Interior Amenities: Ceramic Tile, Double Pane/Storm Window, Water Heater
  • Living Area: 1054
  • Main Level Bedrooms: 3
  • Bathrooms: 0.75
  • BathsFullMain: 0
  • SquareFootageFinished: 1054
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 0
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Bank-Low, No Bank
  • Waterfront: Yes
  • Direction Faces: West
  • Exterior Features: Wood
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 50
  • WaterAccess: Beach Rights

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: RV Parking, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Elmhurst Mutual Power and Light
  • WaterCompany: Spanaway Water Company
  • WaterHeaterLocation: Primary Bedroom Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Boat Launch, Golf, Park, Playground
  • 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: 502500-575-5
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.1696
  • Lot Size Sq Ft: 7386
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Cable TV,Deck,Dock,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking
  • MLSLotSizeSource: Per Seller
  • MLSSquareFootageSource: Per Seller

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5801.29
  • AdditionalTaxIds: 5025005754

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
May 6, 2024
Sold by
Keech Dan R and Keech Vera
Bought by
Zhu Ming and Li Jiaqi
Seller's Agent
LaTosha Thomas
Windermere Abode
Buyer's Agent
Ming Zhu
Kelly Right RE of Seattle LLC
List Price
$585,000
Sold Price
$600,000
Premium/Discount to List
$15,000
2.56%
Views
11
Current Estimated Value
$495,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,111
Avg. Annual Appreciation
-13.90%
Original Mortgage
$450,000
Outstanding Balance
$444,416
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$42,906

Purchase Details

Closed on
Jun 26, 2020
Sold by
Sound Properties Llc
Bought by
Keech Daniel R and Keech Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2018
Sold by
Donohue Kathleen A
Bought by
Sound Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,300
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2005
Sold by
Donohue Joan E
Bought by
Donohue Kathleen A
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
Zhu Ming $600,000 Cw Title
Keech Daniel R $437,500 Stewart Title
Sound Properties Llc $218,219 Ticor Title
Donohue Kathleen A -- Ticor Title
Donohue Kathleen A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Ming $450,000
Previous Owner Keech Daniel R $350,000
Previous Owner Sound Properties Llc $227,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $600,000 +2.6% $569 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $585,000 -- $555 / 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 $3,903 $377,600 $226,500 $151,100
2024 $3,903 $362,700 $216,100 $146,600
2023 $3,903 $334,700 $189,600 $145,100
2022 $3,720 $337,500 $189,600 $147,900
2021 $3,250 $228,800 $109,900 $118,900
2019 $1,905 $100,700 $57,000 $43,700
2018 $2,134 $149,300 $65,800 $83,500
2017 $1,886 $131,600 $58,100 $73,500
2016 $2,009 $114,300 $58,400 $55,900
2014 $830 $116,400 $61,900 $54,500
2013 $830 $97,700 $50,100 $47,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2217645

Northwest Multiple Listing Service (NWMLS)

APN: 502500-5755