NOT LISTED FOR SALE

20006 & 20008 55th Avenue Ct E Spanaway, WA 98387

Estimated Value: $612,000 - $721,000

4 Beds
3 Baths
2,488 Sq Ft
$263/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $495,000 $199 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,193/month

6 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Patio
  • 0.48 Acre Lot
  • Cul-De-Sac
  • Wood Siding

About This Home

As of November 2020

Great investment opportunity on several levels. Each unit boasts a Spacious 1250 sq. ft floor plan with 2 bd 1.75bth, 1 car garage and almost a 1/4 acre of privacy each. **New Carpet & Laminate throughout**. Amazing Rental history with great cash flow!! Or move into one side and have someone help with your Mortgage. Close to canyon road and possible future development?? Duplex next door also available MLS#1669283. Hurry, these investment opportunities won't last long!!

Last Agent to Sell the Property

Dan Whitehouse

Keller Williams Realty PS License #7227 Listed on: 10/09/2020

Keller Williams Realty PS

Last Buyer's Agent

David Grim

Toril Sells Houses Team License #126656

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1669275

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,158

Year Built

  • Built in 1992

Lot Details

  • 0.48 Acre Lot
  • Cul-De-Sac
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,488 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

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

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9066000341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,158

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1992
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2488
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 298

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • 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: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Tacoma City
  • SewerCompany: Septic
  • WaterCompany: Rainer View
  • WaterSewerGarbage: 4320

Schools

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

Lot Info

  • Parcel Number: 9066000341
  • Lot Size Acres: 0.4816
  • Lot Size Sq Ft: 20980
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio,RV Parking
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3240

Multi Family

  • Gross Scheduled Income: 38880
  • Net Operating Income: 29403
  • Number Of Units Total: 2
  • Leasable Area: 2488
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5158

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 9, 2020
Sold by
Smith Erin L
Bought by
Kopp Jason A
Seller's Agent
Dan Whitehouse
Keller Williams Realty PS
Buyer's Agent
David Grim
Toril Sells Houses Team
List Price
$489,950
Sold Price
$495,000
Premium/Discount to List
$5,050
1.03%
Current Estimated Value
$653,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,911
Avg. Annual Appreciation
6.02%
Original Mortgage
$396,000
Outstanding Balance
$356,380
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$290,872

Purchase Details

Closed on
Aug 13, 2012
Sold by
55Th Avenue Court East Llc
Bought by
Smith Erin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2008
Sold by
Smith Erin Lee
Bought by
2000 55Th Avenue Court East Llc

Purchase Details

Closed on
Dec 29, 2005
Sold by
Smith Lawrence Scott
Bought by
Smith Erin Lee

Purchase Details

Closed on
Jul 1, 2002
Sold by
Geltz Charles N
Bought by
Smith Lawrence S and Smith Erin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 1998
Sold by
Geltz Charles W
Bought by
Pierce County

Purchase Details

Closed on
Feb 7, 1997
Sold by
Reed Terry L and Reed Karen J
Bought by
Pierce County
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
Kopp Jason A $495,000 None Available
Smith Erin L -- Fidelity National Title Co
2000 55Th Avenue Court East Llc -- None Available
Smith Erin Lee -- Fidelity Title
Smith Lawrence S $185,000 --
Pierce County -- --
Pierce County -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kopp Jason A $396,000
Previous Owner Smith Erin L $165,000
Previous Owner Smith Erin Lee $176,000
Previous Owner Smith Lawrence S $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $495,000 +1.0% $199 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $489,950 -- $197 / 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 $6,601 $580,300 $197,800 $382,500
2023 $6,601 $561,300 $194,700 $366,600
2022 $6,202 $563,000 $197,800 $365,200
2021 $5,705 $402,800 $130,100 $272,700
2019 $4,068 $348,100 $109,000 $239,100
2018 $4,262 $321,800 $94,000 $227,800
2017 $3,875 $269,500 $86,500 $183,000
2016 $3,675 $221,400 $73,800 $147,600
2014 $3,130 $214,500 $74,900 $139,600
2013 $3,130 $194,900 $64,600 $130,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1669275

Northwest Multiple Listing Service (NWMLS)

APN: 906600-0341