Listed by Keller Williams Realty PS
NOT LISTED FOR SALE

22402 40th Ave E Unit 22406 Spanaway, WA 98387

Estimated Value: $636,000 - $686,000

6 Beds
5 Baths
3,420 Sq Ft
$191/Sq Ft Est. Value

Last Sold November 20, 2014

Last sale price $235,000 $69 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $4,100/month

344 Days on Market

About This Home

As of November 2014

Incredible investment opportunity. Tri-Plex with 2 bed, 1.5 bath and garage with all kitchen appliances included for each unit. Schedule a time to see it today.

Last Agent to Sell the Property

Brian Solinsky

Keller Williams Realty PS License #23864 Listed on: 07/06/2013

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 514329

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,362

Year Built

  • Built in 1980

Lot Details

  • 0.56 Acre Lot
  • Corner Lot

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,420 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 11 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0318136005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,362

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3420
  • Special Features: 12

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: SecuritySystem
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 1650

Schools

  • Junior High Dist: Franklin Pierce

Lot Info

  • Parcel Number: 0318136005
  • Lot Size Acres: 0.5601
  • Lot Size Sq Ft: 24400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2450

Multi Family

  • Gross Scheduled Income: 29400
  • Number Of Units Total: 3
  • Insurance Expense: 700
  • Leasable Area: 1128
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2010
  • Tax Annual Amount: 4362

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2013
Closed on
Nov 18, 2014
Sold by
Swenson Thomas
Bought by
Luong Simon and Malsingh Tamiko M
Seller's Agent
Brian Solinsky
Keller Williams Realty PS
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%
Current Estimated Value
$653,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,000
Avg. Annual Appreciation
9.62%
Original Mortgage
$265,109
Outstanding Balance
$206,662
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$430,671

Purchase Details

Closed on
Nov 24, 2003
Sold by
Vanalstine James R
Bought by
Swenson Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1997
Sold by
Urness James and Urness Lucretia Elayne
Bought by
Vanalstine James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,740
Interest Rate
7.62%
Mortgage Type
VA
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
Luong Simon $234,719 Ticor
Swenson Thomas $255,000 Fat
Vanalstine James R $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luong Simon $265,109
Previous Owner Swenson Thomas $204,000
Previous Owner Vanalstine James R $162,740
Closed Swenson Thomas $38,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2014 11/20/14 Sold $235,000 -5.6% $69 / Sq Ft
06/20/2014 06/20/14 Pending -- -- --
07/10/2013 07/10/13 For Sale $249,000 -- $73 / 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 $7,642 $631,600 $189,200 $442,400
2024 $7,642 $636,400 $181,800 $454,600
2023 $7,642 $606,900 $177,300 $429,600
2022 $7,374 $603,900 $189,200 $414,700
2021 $6,918 $462,300 $121,000 $341,300
2019 $4,828 $407,900 $102,700 $305,200
2018 $5,421 $360,200 $84,300 $275,900
2017 $4,797 $321,200 $66,000 $255,200
2016 $4,347 $246,000 $59,500 $186,500
2014 $4,030 $236,300 $54,600 $181,700
2013 $4,030 $230,000 $49,800 $180,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 514329

Northwest Multiple Listing Service (NWMLS)

APN: 031813-6005