NOT LISTED FOR SALE

19206 5th Ave E Unit A&B Spanaway, WA 98387

Estimated Value: $474,506 - $582,000

4 Beds
2 Baths
1,680 Sq Ft
$312/Sq Ft Est. Value

Last Sold December 11, 2015

Last sale price $185,000 $110 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $3,182/month

91 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Partially Fenced Property
  • Deck
  • Cul-De-Sac
  • Wood Siding

About This Home

As of December 2015

Great investment properties, 4 duplexes next to each other, built by the Seller in 1983. All 2 bedroom, 1 bath over 840 sq ft per unit with one-car garages between units. Each duplex is on it's own septic, so no sewer fees. There is one vacant unit out of the 8 units, so please show 402A. Do not disturb tenants; they are aware that the units are on the market. By one or by all! Rents are under market, so there is room to add to the bottom line.

Last Agent to Sell the Property

Terry Leigh

Renaissance Real Estate LLC License #18823 Listed on: 07/28/2015

Renaissance Real Estate LLC

Co-Listed By

Steve McNamer

Windermere Prof Partners License #21021557

Last Buyer's Agent

Robert Bowman

eXp Realty License #88491

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 825586

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1983

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0318045008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,604

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1680
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • SewerCompany: Septic
  • WaterSewerGarbage: 800

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 0318045008
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,RV Parking
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1314
  • LeasedItems: None
  • TotalMonthlyIncome: 1560

Multi Family

  • Gross Scheduled Income: 18720
  • Net Operating Income: 14833
  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Leasable Area: 1680
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2017
Sold by
Lovelace Robert and Lovelace Joanne M
Bought by
Rendon Richard D and Rendon Jamie S
Total Days on Market
91
Current Estimated Value
$524,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Outstanding Balance
$155,883
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$349,869

Purchase Details

Listed on
Jul 28, 2015
Closed on
Dec 1, 2015
Sold by
Farren Barbara
Bought by
The Robert Lovelace Revocable Living Tru
Seller's Agent
Terry Leigh
Renaissance Real Estate LLC
Buyer's Agent
Robert Bowman
eXp Realty
List Price
$194,950
Sold Price
$185,000
Premium/Discount to List
-$9,950
-5.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Source: Public Records

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Range of Values:

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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
Rendon Richard D $246,719 Fidelity National Title
The Robert Lovelace Revocable Living Tru $184,719 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rendon Richard D $185,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2015 12/11/15 Sold $185,000 -5.1% $110 / Sq Ft
10/28/2015 10/28/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $194,950 -- $116 / 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
2024 $4,756 $416,500 $175,000 $241,500
2023 $4,756 $400,800 $180,300 $220,500
2022 $4,558 $381,800 $171,000 $210,800
2021 $4,107 $286,000 $110,400 $175,600
2019 $2,697 $238,400 $96,200 $142,200
2018 $3,079 $212,700 $87,300 $125,400
2017 $2,746 $191,400 $77,000 $114,400
2016 $2,604 $157,500 $64,300 $93,200
2014 $2,258 $149,900 $61,800 $88,100
2013 $2,258 $134,700 $53,300 $81,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 825586

Northwest Multiple Listing Service (NWMLS)

APN: 031804-5008