Listed by John L. Scott, Inc., Bought with eXp Realty
NOT LISTED FOR SALE

217 219 169th St E Spanaway, WA 98387

Estimated Value: $684,000 - $750,000

6 Beds
5 Baths
2,782 Sq Ft
$254/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $485,000 $174 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,259/month

5 Days on Market

Highlights

  • Patio
  • Property is in very good condition
  • Wall to Wall Carpet
  • High Speed Internet

About This Home

As of July 2020

Great opportunity for investment property with good cap rate. This newer duplex has been well maintained & in good condition with long term tenants who want to stay. This townhome style duplex is a rare find with each unit offering 3 bedrooms, 2.5 bathrooms, 2 car garage & large backyard with patios. All making these very desirable rental units! Both units are rented under market with room for cap rate growth potential. Don't miss out on this amazing opportunity! Pictures are of unit 219.

Last Agent to Sell the Property

Erin Ames

John L. Scott, Inc. License #121469 Listed on: 05/16/2020

John L. Scott, Inc.

Last Buyer's Agent

Brad Keller

eXp Realty License #137936

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1601928

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,852

Year Built

  • Built in 2007

Lot Details

  • 10,650 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,782 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 502500-063-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,852

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2782
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Spanaway Water

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 502500-063-1
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5852

Multi Family

  • Number Of Units Total: 6
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2020
Closed on
Jul 28, 2020
Sold by
Horst Martha
Bought by
Horst Martha Elaine and Horst Martha Elaine
Seller's Agent
Erin Ames
John L. Scott, Inc.
Buyer's Agent
Brad Keller
eXp Realty
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$707,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,050
Avg. Annual Appreciation
7.09%
Original Mortgage
$363,750
Outstanding Balance
$321,829
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$385,221

Purchase Details

Listed on
May 16, 2020
Closed on
Jun 15, 2020
Sold by
Washington Exchange Services Inc
Bought by
Horst Martha Elaine
Seller's Agent
Erin Ames
John L. Scott, Inc.
Buyer's Agent
Brad Keller
eXp Realty
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Outstanding Balance
$321,829
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$385,221

Purchase Details

Closed on
May 9, 2017
Sold by
Beller Alyssa V
Bought by
Scott Marvin H and Scott Legacy Trust

Purchase Details

Closed on
May 23, 2012
Sold by
Beller Adam E
Bought by
Beller Adam E and Beller Alyssa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2008
Sold by
Citybank
Bought by
Beller Adam E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,150
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2008
Sold by
Mullen & Sons Inc
Bought by
City Bank
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Horst Martha Elaine -- None Available
Horst Martha Elaine $485,000 Fidelity National Title
Scott Marvin H $359,719 Cw Title
Beller Adam E -- Old Republic Title Ltd
Beller Adam E $299,000 Ticor
City Bank -- Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horst Martha Elaine $363,750
Previous Owner Beller Adam E $207,000
Previous Owner Beller Adam E $254,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $485,000 0.0% $174 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/16/2020 05/16/20 For Sale $485,000 -- $174 / 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 $6,795 $608,400 $190,200 $418,200
2024 $6,795 $614,900 $176,600 $438,300
2023 $6,795 $585,700 $159,300 $426,400
2022 $6,574 $598,300 $159,300 $439,000
2021 $6,302 $451,700 $94,400 $357,300
2019 $4,491 $409,500 $78,200 $331,300
2018 $4,753 $372,600 $71,300 $301,300
2017 $4,480 $305,900 $62,600 $243,300
2016 $4,048 $274,700 $53,900 $220,800
2014 $3,635 $241,200 $49,400 $191,800
2013 $3,635 $225,800 $41,300 $184,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1601928

Northwest Multiple Listing Service (NWMLS)

APN: 502500-0631