Listed by RE/MAX Extra Inc., Bought with eXp Realty
$595,000
SOLD NOV 7, 2024

218 169th St E Spanaway, WA 98387

6 Beds
-- Bath
2,688 Sq Ft
0.32 Acres

Recently Sold

$221 Per Sq Ft

5% Below List Price

Highlights

  • RV Access or Parking
  • No HOA
  • Patio
  • Deck
  • Thermal Windows
  • Forced Air Heating System

About This Home

As of November 2024

Don't let this exceptional investment opportunity pass you by! Presenting a multifamily duplex w/ ADU attached. Totaling 2,688 square feet. Unit A, situated at the front, features a cozy studio layout with 1 bedroom and 1 bathroom. Unit B offers spacious living with 3 bedrooms and 1 bathroom, while Unit C, located upstairs, offers 3 bedrooms, 1 bathroom, and a slider off the primary bedroom to a deck. Both Units A and C are fenced. And Units B and C are equipped with pellet stoves. Ideally situated close to all amenities.

Last Agent to Sell the Property

Don Goethals

RE/MAX Extra Inc. License #5573 Listed on: 03/25/2024

RE/MAX Extra Inc.

Last Buyer's Agent

Geoffrey Auza

eXp Realty License #131745

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2213480

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,404

Year Built

  • Built in 1964

Lot Details

  • 0.32 Acre Lot
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Thompson Elementary School
  • Spanaway Jnr High Middle School
  • Spanaway Lake High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Park Condos
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025000462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,404

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 2688
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Spanaway Lake High
  • Middle Or Junior School: Spanaway Jnr High

Lot Info

  • Parcel Number: 5025000462
  • Lot Size Acres: 0.3214
  • Lot Size Sq Ft: 14000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Pellet

Rental Info

  • GrossRentMultiplier: 51420
  • LeasedItems: None
  • TotalMonthlyIncome: 4285

Multi Family

  • Gross Scheduled Income: 51420
  • Net Operating Income: 42620
  • Number Of Units Total: 3
  • Insurance Expense: 1596
  • Leasable Area: 2688
  • EnergySource: Electric,Pellet
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5404

MLS Schools

  • Elementary School: Thompson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
Sep 26, 2024
Sold by
Watt Lorri L and Weitzel Lorri L
Bought by
Martinez Maleek
Seller's Agent
Don Goethals
RE/MAX Extra Inc.
Buyer's Agent
Geoffrey Auza
eXp Realty
List Price
$625,000
Sold Price
$595,000
Premium/Discount to List
-$30,000
-4.8%
Views
41
Current Estimated Value
$576,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,050
Avg. Annual Appreciation
-3.26%
Original Mortgage
$595,000
Outstanding Balance
$588,418
Interest Rate
6.08%
Mortgage Type
VA
Estimated Equity
-$11,468

Purchase Details

Closed on
Apr 22, 2021
Sold by
Weitzel Lorri L
Bought by
Weitzel Lorri L and Weitzel Daryle W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2015
Sold by
Weitzel Lorri L and Weitzel Daryle
Bought by
Weitzel Lorri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,045
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 2009
Sold by
Aurora Loan Services Llc
Bought by
Watt Lorri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,359
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2008
Sold by
Carter Clarence and Carter Brittany
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 6, 2006
Sold by
218 Rental Property Llc
Bought by
Carter Clarence and Carter Brittany

Purchase Details

Closed on
Aug 4, 2005
Sold by
Carter Holdings Llc
Bought by
218 Rental Property Llc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Carter Clarence
Bought by
Carter Holdings Llc

Purchase Details

Closed on
Feb 14, 2005
Sold by
Carter Brittany
Bought by
Carter Clarence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Carter Clarence
Bought by
Carter Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,175
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2003
Sold by
Smith James R
Bought by
Carter Clarence and Carter Brittany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,175
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2002
Sold by
Smith Denise R
Bought by
Smith James R

Purchase Details

Closed on
May 14, 1998
Sold by
Kelly Patrick J
Bought by
Smith James R and Smith Denise R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.13%

Purchase Details

Closed on
Oct 10, 1994
Sold by
Amundsen John Edward
Bought by
Kelly Patrick J and Kelly Suzanne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $615,000 Chicago Title
Interfamily Deed Transfer -- Wfg Natl Ttl Co Of Wa Llc
Interfamily Deed Transfer -- Fidelity National Title
Bargain Sale Deed $120,620 First American Title Ins Co
Trustee Deed $202,400 Fidelity National Title
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- Ticor Title Of Wa Inc
Quit Claim Deed -- Ticor Title Of Wa Inc
Quit Claim Deed -- --
Warranty Deed $166,500 Fidelity National Title Comp
Interfamily Deed Transfer -- --
Warranty Deed $120,000 --
Warranty Deed $120,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $595,000 VA
Previous Owner $237,000 New Conventional
Previous Owner $177,045 FHA
Previous Owner $163,359 FHA
Previous Owner $191,250 Purchase Money Mortgage
Previous Owner $158,175 Purchase Money Mortgage
Previous Owner $96,000 No Value Available
Previous Owner $84,000 No Value Available
Closed $12,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $595,000 -3.2% $221 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $614,950 -0.8% $229 / Sq Ft
07/03/2024 07/03/24 Price Changed $619,950 -0.8% $231 / Sq Ft
06/13/2024 06/13/24 For Sale $625,000 0.0% $233 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $625,000 0.0% $233 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $625,000 -- $233 / 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 $5,404 $520,600 $201,400 $319,200
2024 $5,404 $486,200 $187,000 $299,200
2023 $5,155 $459,000 $172,200 $286,800
2022 $5,155 $467,100 $172,200 $294,900
2021 $4,922 $347,500 $102,100 $245,400
2019 $3,469 $309,800 $84,600 $225,200
2018 $3,714 $281,800 $77,000 $204,800
2017 $3,475 $234,900 $67,600 $167,300
2016 $3,127 $208,400 $58,200 $150,200
2014 $2,784 $182,900 $53,400 $129,500
2013 $2,784 $168,000 $44,600 $123,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2213480

Northwest Multiple Listing Service (NWMLS)

APN: 502500-0462