Listed by 2 By 2 Real Estate Solutions, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

1714 1716 162nd St S Spanaway, WA 98387

Estimated Value: $521,000 - $551,000

4 Beds
2 Baths
1,972 Sq Ft
$274/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $266,500 $135 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,320/month

10 Days on Market

Highlights

  • 0.43 Acre Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Patio
  • Wood Siding
  • 1-Story Property

About This Home

As of July 2018

Great investment opportunity! Easy to keep rented. Same Tenants for 12-13 years! Very close to JBLM. Tenants pay for electric. Owner pays for water and garbage.

Last Agent to Sell the Property

David Jordan

2 By 2 Real Estate Solutions License #10158 Listed on: 05/31/2018

Last Buyer's Agent

Karen Stevenson

Berkshire Hathaway HS NW License #46750

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1301860

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1978

Lot Details

  • 0.43 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Spanaway Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319296011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,419

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1972
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 0319296011
  • Lot Size Acres: 0.4286
  • Lot Size Sq Ft: 18669
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 1570

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3419

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Jul 12, 2018
Sold by
Howe James M and Howe Tomo
Bought by
Vargas Abraham D
Seller's Agent
David Jordan
2 By 2 Real Estate Solutions
Buyer's Agent
Karen Stevenson
Berkshire Hathaway HS NW
List Price
$295,000
Sold Price
$266,500
Premium/Discount to List
-$28,500
-9.66%
Current Estimated Value
$540,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,562
Avg. Annual Appreciation
9.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vargas Abraham D $266,219 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2018 07/13/18 Sold $266,500 -9.7% $135 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $295,000 -- $150 / 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 $5,782 $502,000 $191,400 $310,600
2024 $5,782 $513,400 $182,600 $330,800
2023 $5,782 $495,900 $190,500 $305,400
2022 $5,476 $521,800 $190,500 $331,300
2021 $4,941 $349,500 $110,400 $239,100
2019 $3,504 $295,600 $93,600 $202,000
2018 $3,809 $285,600 $83,900 $201,700
2017 $3,419 $242,000 $70,400 $171,600
2016 $3,184 $214,000 $53,600 $160,400
2014 $2,566 $186,900 $52,700 $134,200
2013 $2,566 $159,400 $46,100 $113,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1301860

Northwest Multiple Listing Service (NWMLS)

APN: 031929-6011