Listed by Olympic Sotheby's Int'l Realty, Bought with Seattle Works Real Estate
NOT LISTED FOR SALE

16922 16924 15th Ave E Spanaway, WA 98387

Estimated Value: $675,782 - $746,000

6 Beds
5 Baths
2,840 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $655,000 $231 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,332/month

4 Days on Market

Highlights

  • Territorial View
  • No HOA
  • High Speed Internet
  • Wood Flooring
  • Patio
  • Partially Fenced Property

About This Home

As of August 2023

Great Investment Opportunity to rent out both sides or live in one side and rent out the other for income! Great location near schools, parks and JBLM! With a brand new 4 bedroom septic system just installed these units are ready to be occupied! Each unit is 1420 square feet with 2 bedrooms, (could be 3 bedrooms if you include the additional room with closet) and 2.5 bathrooms! The units are mirror images of each other with the 2 large bedrooms (and third large room with closet) and 2 bathrooms upstairs. The primary bedrooms boast large double closets! Downstairs each unit has a large living room, dining area, great kitchen, half bath, laundry area and 2 car garage! Current rents should be $2,295 per unit!

Last Agent to Sell the Property

Tim Lynch

Olympic Sotheby's Int'l Realty License #117939 Listed on: 07/26/2023

Olympic Sotheby's Int'l Realty

Last Buyer's Agent

Josh Bellinger

Seattle Works Real Estate License #140901

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2142688

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,555

Year Built

  • Built in 2002

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,840 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3485010131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,555

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2002
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2840
  • Special Features: None
  • Cumulative Days on Market: 361

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: 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: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • CableConnected: Buyer to Verify
  • InternetConnected: Buyer to Verify
  • WaterSewerGarbage: 1134

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 3485010131
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.8
  • LeasedItems: None
  • TotalMonthlyIncome: 4590

Multi Family

  • Gross Scheduled Income: 55080
  • Net Operating Income: 44689
  • Number Of Units Total: 2
  • Insurance Expense: 1049
  • Leasable Area: 2840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6555

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Aug 22, 2023
Sold by
Deborah L Heitz Trust
Bought by
Shaikh Mohammed Anas and Revuri Priyanka
Seller's Agent
Tim Lynch
Olympic Sotheby's Int'l Realty
Buyer's Agent
Josh Bellinger
Seattle Works Real Estate
List Price
$649,900
Sold Price
$655,000
Premium/Discount to List
$5,100
0.78%
Views
14
Current Estimated Value
$695,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,196
Avg. Annual Appreciation
2.54%
Original Mortgage
$1,140,023
Outstanding Balance
$1,117,233
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
-$428,596

Purchase Details

Closed on
Nov 5, 2018
Sold by
Heitz Deborah L
Bought by
Heitz Deborah L and Deborah L Heitz Trust

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 17, 2016
Sold by
Cap Dale Allan and Cap Ann Marie
Bought by
Heltz Deborah
Seller's Agent
Renee' DiBello
Keller Williams Realty Bothell
Buyer's Agent
Jennifer Beadles
Agents Invest
List Price
$310,000
Sold Price
$335,000
Premium/Discount to List
$25,000
8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
May 20, 2009
Sold by
Gmac Mortgage Llc
Bought by
Cap Dale L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2008
Sold by
Benton Michael R
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Mar 22, 2005
Sold by
Park Avenue Properties Llc
Bought by
Benton Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2002
Sold by
Kuzmanich Claudia J
Bought by
Kuzmanich Glenn A

Purchase Details

Closed on
Dec 20, 2001
Sold by
Kenny John F
Bought by
Suncrest Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,500
Interest Rate
6.39%
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
Shaikh Mohammed Anas $655,000 First American Title Insurance
Heitz Deborah L -- None Available
Heltz Deborah $334,719 First American Title Ins
Cap Dale L $245,000 First American Title Ins Co
Gmac Mortgage Llc $274,336 Fatco
Benton Michael R $315,000 Fidelity National Title Co
Kuzmanich Glenn A -- Fidelity National Title Co
Kuzmanich Glenn A -- Fidelity National Title Co
Suncrest Builders Inc $45,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaikh Mohammed Anas $1,140,023
Previous Owner Cap Dale L $183,000
Previous Owner Tela Emmett $49,000
Previous Owner Benton Michael R $252,000
Previous Owner Benton Michael R $252,000
Previous Owner Suncrest Builders Inc $43,500
Closed Benton Michael R $47,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $655,000 +0.8% $231 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $649,900 +94.0% $229 / Sq Ft
03/30/2016 03/30/16 Sold $335,000 +8.1% $118 / Sq Ft
03/05/2016 03/05/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $310,000 -- $109 / 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 $6,528 $603,600 $171,600 $432,000
2024 $6,528 $612,100 $159,300 $452,800
2023 $6,528 $559,800 $138,500 $421,300
2022 $6,310 $571,500 $138,500 $433,000
2021 $6,149 $439,600 $82,100 $357,500
2019 $4,360 $396,000 $68,000 $328,000
2018 $4,605 $360,300 $61,900 $298,400
2017 $4,307 $297,900 $54,400 $243,500
2016 $3,921 $265,500 $46,800 $218,700
2014 $3,503 $234,900 $42,900 $192,000
2013 $3,503 $218,600 $35,800 $182,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2142688

Northwest Multiple Listing Service (NWMLS)

APN: 348501-0131