Listed by Northwest Home Sales, Bought with Town & Country Brokers Inc
NOT LISTED FOR SALE

17102 Spanaway Loop Rd S Spanaway, WA 98387

Estimated Value: $478,000 - $610,752

8 Beds
4 Baths
3,072 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 10, 2016

Last sale price $205,000 $67 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $3,383/month

333 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Disabled Access
  • 0.57 Acre Lot
  • Patio
  • Dog Run

About This Home

As of November 2016

Investment opportunity in excellent location! Two rambler style duplexes for a total of 4 units on 1/2 acre lot! Each unit has aprox. 768 sqft. with 2 beds and 1 full bath. All units have large master, washer/dryer hook-up, patio, partially fenced area, and lots of parking. Possible room for RV parking and additional storage. Close to JBLM, shopping, and freeway access. Please do not disturb tenants. Being sold "AS-IS"

Last Agent to Sell the Property

Chandra McGilvrey

Northwest Home Sales License #114222 Listed on: 11/14/2014

Northwest Home Sales

Co-Listed By

Carolyn Mowatt

Northwest Home Sales License #79522

Last Buyer's Agent

John Brink

Town & Country Brokers Inc License #85237

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 716494

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,367

Year Built

  • Built in 1962

Lot Details

  • 0.57 Acre Lot
  • Dog Run
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,072 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Additional Features

  • Disabled Access
  • Patio

Community Details

  • Spanaway Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319294115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,367

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Accessibility Features: Other
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3072
  • EffectiveYearBuiltSource: Public Records
  • Special Features: 12

Interior Features

  • 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: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 2220

Schools

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

Lot Info

  • Parcel Number: 0319294115
  • Lot Size Acres: 0.5739
  • Lot Size Sq Ft: 25000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Disabled Access,Dog Run,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: Pierce Co.

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1253
  • LeasedItems: None
  • TotalMonthlyIncome: 2090

Multi Family

  • Gross Scheduled Income: 25441
  • Net Operating Income: 18241
  • Number Of Units Total: 4
  • Insurance Expense: 1252
  • Leasable Area: 3072
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 25

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3367

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2014
Closed on
Nov 12, 2016
Sold by
Krahn Michael
Bought by
Faro D W and 17102 A Pierce Trust
Seller's Agent
Chandra McGilvrey
Northwest Home Sales
Buyer's Agent
John Brink
Town & Country Brokers Inc
List Price
$339,000
Sold Price
$205,000
Premium/Discount to List
-$134,000
-39.53%
Current Estimated Value
$532,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,438
Avg. Annual Appreciation
11.28%
Original Mortgage
$231,350
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 14, 2014
Closed on
Nov 4, 2016
Sold by
Krahn Natalya and Krahn Michael
Bought by
Krahn Michael
Seller's Agent
Chandra McGilvrey
Northwest Home Sales
Buyer's Agent
John Brink
Town & Country Brokers Inc
List Price
$339,000
Sold Price
$205,000
Premium/Discount to List
-$134,000
-39.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,350
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2008
Sold by
Lewis Gail M
Bought by
Meredith James and Pierce Meredith Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,117
Interest Rate
6.11%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2002
Sold by
Lewis Neil G
Bought by
Lewis Neil G and Lewis Gail M

Purchase Details

Closed on
Apr 19, 2002
Sold by
Schmechel Dolores B
Bought by
Pleiss Richard T and Tribbett Lily L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.12%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Pleiss Richard T
Bought by
Craig Donald M and Craig Sharon J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.12%

Purchase Details

Closed on
Mar 26, 2002
Sold by
Lewis Gail M
Bought by
Lewis Neil G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.12%

Purchase Details

Closed on
Mar 8, 2002
Sold by
Craig Donald M
Bought by
Lewis Neil G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.12%
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
Faro D W -- Cw Title
Krahn Michael -- Attorneys Title
Krahn Michael $204,719 Attorneys Title
Meredith James $316,000 Rainier
Lewis Neil G -- --
Pleiss Richard T -- Pacific Northwest Title
Craig Donald M -- Pacific Northwest Title
Lewis Neil G -- Pacific Northwest Title Co
Lewis Neil G $210,000 Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krahn Michael $231,350
Previous Owner Meredith James $311,117
Previous Owner Lewis Neil G $168,000
Closed Lewis Neil G $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2016 11/10/16 Sold $205,000 -4.7% $67 / Sq Ft
05/25/2016 05/25/16 Price Changed $215,000 -36.6% $70 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $339,000 -- $110 / 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 $6,723 $570,500 $223,700 $346,800
2024 $6,723 $589,100 $213,400 $375,700
2023 $6,723 $564,300 $207,000 $357,300
2022 $6,387 $594,500 $207,000 $387,500
2021 $6,145 $427,200 $126,300 $300,900
2019 $4,359 $361,400 $107,100 $254,300
2018 $4,730 $347,200 $96,000 $251,200
2017 $4,289 $294,100 $80,500 $213,600
2016 $3,988 $261,000 $61,300 $199,700
2014 $3,173 $229,200 $60,300 $168,900
2013 $3,173 $195,300 $52,700 $142,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 716494

Northwest Multiple Listing Service (NWMLS)

APN: 031929-4115