Seller's Agent in 2018
Jon Bye
John L Scott
(206) 400-7586
1 in this area
430 Total Sales
16515 B St E Spanaway, WA 98387
Estimated Value: $536,000
4
Beds
4
Baths
24,608
Sq Ft
$22/Sq Ft
Est. Value
Highlights
- 4.71 Acre Lot
- Patio
- Wall to Wall Carpet
- Territorial View
- High Speed Internet
About This Home
As of March 2018Amazing investment opportunity in the heart of Spanaway. This property consists of 10 4plexes on individual parcels - composed of 40 units, a storage building, laundry facility, & 66 parking spaces. Units are made up of 24 1Bed/1Bath at540 sq/ft & 16 2Bed/1Bath at 728 sq/ft. 20 of 40 units newly renovated w carpet, vinyl flooring, appliances, & stainless steel fixtures. Unit features include stove/range, refrigerator, individual hot water tanks, double pane windows, & private patios w/ storage.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1221610
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $38,564
Year Built
- Built in 1971
Lot Details
- 4.71
Home Design
- Composition Roof
- Vinyl Construction Material
- Wood Composite
Interior Spaces
- 24,608 Sq Ft Home
- 2-Story Property
- Territorial Views
Flooring
- Wall to Wall Carpet
- Vinyl
Parking
- 66 Parking Spaces
- Open Parking
Utilities
- Septic Tank
- Septic System
- High Speed Internet
- Cable TV Available
Additional Features
- Patio
- 4.71 Acre Lot
Community Details
- Hidden Villa Apartments Condos
- Spanaway Subdivision
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 5001860020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 18, 2020
Sold by
Chens Association Properties Llc
Bought by
Hidden Villa Apartments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,627,000
Outstanding Balance
$3,236,281
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
-$2,701,281
Purchase Details
Listed on
Dec 1, 2017
Closed on
Mar 23, 2018
Sold by
Evenson Mark J and Evenson Julie L
Bought by
Chens Association Properties Llc
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Jon Bye
John L. Scott, Inc
List Price
$5,150,000
Sold Price
$4,645,400
Premium/Discount to List
-$504,600
-9.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.04%
Original Mortgage
$3,407,000
Interest Rate
4.38%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 2, 2005
Sold by
W2 Properties Llc
Bought by
Duncan John C and Duncan Gail D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
8.12%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hidden Villa Apartments Llc | -- | None Available | |
| Chens Association Properties Llc | $4,645,119 | Ticor Title | |
| Duncan John C | $179,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hidden Villa Apartments Llc | $3,627,000 | |
| Previous Owner | Chens Association Properties Llc | $3,407,000 | |
| Previous Owner | Duncan John C | $143,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2018 03/30/18 | Sold | $4,645,400 | -9.8% | $189 / Sq Ft |
| 12/28/2017 12/28/17 | Pending | -- | -- | -- |
| 12/01/2017 12/01/17 | For Sale | $5,150,000 | -- | $209 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $4,756 | $451,400 | $141,600 | $309,800 |
| 2024 | $4,756 | $385,900 | $92,600 | $293,300 |
| 2023 | $4,756 | $350,800 | $92,600 | $258,200 |
| 2022 | $4,693 | $350,800 | $92,600 | $258,200 |
| 2021 | $4,405 | $277,300 | $77,100 | $200,200 |
| 2019 | $3,314 | $254,400 | $70,100 | $184,300 |
| 2018 | $3,620 | $235,500 | $64,700 | $170,800 |
| 2017 | $3,466 | $204,700 | $53,900 | $150,800 |
| 2016 | $3,317 | $177,300 | $53,900 | $123,400 |
| 2014 | $3,203 | $177,300 | $53,900 | $123,400 |
| 2013 | $3,203 | $177,300 | $53,900 | $123,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Bye
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1221610
APN: 500186-0100
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Based on information submitted to the MLS GRID
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