Listed by Olympic Sotheby's Int'l Realty, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

19020 B St E Spanaway, WA 98387

Estimated Value: $546,000 - $624,000

4 Beds
2 Baths
1,944 Sq Ft
$297/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $549,900 $283 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,544/month

12 Days on Market

Highlights

  • 0.5 Acre Lot
  • Wall to Wall Carpet
  • 1-Story Property
  • No HOA

About This Home

As of July 2022

Clean and well-built Spanaway duplex on large .5 acre lot at the end of a dead-end street with privacy and major upside in rents. Both units are 2 bed, 1 bath, with open concept floor plans and large fully-fenced back yards. Unit A has converted garage into living space for potential 3rd bedroom. A great opportunity for investors looking to add to the portfolio, or an owner occupant looking to supplement their mortgage.

Last Agent to Sell the Property

John Stormans

Olympic Sotheby's Int'l Realty License #130340 Listed on: 05/11/2022

Olympic Sotheby's Int'l Realty

Last Buyer's Agent

Raman Bhamra

John L. Scott, Inc. License #20121813

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1930632

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,027

Year Built

  • Built in 1981

Lot Details

  • 0.5 Acre Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,944 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319338019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,027

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1981
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1944
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Spanaway
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 0319338019
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2500

Multi Family

  • Gross Scheduled Income: 30000
  • Net Operating Income: 23773
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 1944
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jun 7, 2022
Sold by
Schmitt Jeffrey A and Schmitt Courtney A
Bought by
Ram Vinod
Seller's Agent
John Stormans
Olympic Sotheby's Int'l Realty
Buyer's Agent
Raman Bhamra
John L. Scott, Inc.
List Price
$549,900
Sold Price
$549,900
Current Estimated Value
$578,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,178
Avg. Annual Appreciation
1.54%
Original Mortgage
$467,415
Outstanding Balance
$444,592
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$133,486

Purchase Details

Closed on
Dec 7, 2015
Sold by
Shorter Sonya R
Bought by
Schmitt Jeffrey A and Schmitt Courtney A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,100
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2003
Sold by
Shorter Sonya R
Bought by
Shorter Sonya R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 14, 2002
Sold by
Shorter Sonya R
Bought by
Shorter Sonya R and Sonya R Shorter Revocable Living Trust

Purchase Details

Closed on
Nov 4, 1994
Sold by
Schmidt Simon H
Bought by
Shorter Sonya R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
8.92%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ram Vinod -- First American Title
Schmitt Jeffrey A $189,219 Chicago Title Company Of Wa
Shorter Sonya R -- Trans
Shorter Sonya R -- --
Shorter Sonya R $100,000 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ram Vinod $467,415
Previous Owner Schmitt Jeffrey A $142,100
Previous Owner Shorter Sonya R $112,000
Previous Owner Shorter Sonya R $61,000
Closed Shorter Sonya R $21,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $549,900 0.0% $283 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $549,900 -- $283 / 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 $5,708 $527,100 $198,700 $328,400
2024 $5,708 $516,300 $198,700 $317,600
2023 $5,708 $488,800 $204,400 $284,400
2022 $5,027 $462,400 $197,300 $265,100
2021 $4,680 $329,200 $122,900 $206,300
2019 $3,189 $286,400 $106,500 $179,900
2018 $3,569 $256,500 $95,900 $160,600
2017 $3,226 $225,000 $85,200 $139,800
2016 $3,064 $188,000 $72,600 $115,400
2014 $2,642 $179,100 $68,800 $110,300
2013 $2,642 $161,300 $59,400 $101,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1930632

Northwest Multiple Listing Service (NWMLS)

APN: 031933-8019