Listed by Cascade Hasson Sotheby's Int'l, Bought with Dupont Realty & Property Mgmt
NOT LISTED FOR SALE

225 173rd St S Unit 227 Spanaway, WA 98387

Estimated Value: $511,000 - $696,000

8 Beds
4 Baths
3,072 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $360,000 $117 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,682/month

1 Day on Market

About This Home

As of April 2017

Awesome fourplex investment opportunity! Consists of two duplexes on one lot. Increase rents and increase cap rate even higher! Close to Military Road for JBLM access and Pacific Lutheran University. Separate storage units for each apartment tenant must provide lock. Consistent rental history. Each apartment has 2 bedrooms, 1 bath, with separate laundry room, plus kitchen and dining/living room. Plenty of off street parking. Newer roofs on both buildings.

Last Agent to Sell the Property

Mitchell England

Cascade Hasson Sotheby's Int'l License #122164 Listed on: 01/13/2017

Last Buyer's Agent

Robert Allison

Dupont Realty & Property Mgmt License #79182

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1066681

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,253

Year Built

  • Built in 1963

Lot Details

  • 0.33

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,072 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • Septic Tank
  • Septic System

Additional Features

  • Outbuilding
  • 0.33 Acre Lot

Community Details

  • Lake Park Division Condos
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025003740
  • Tax Block 41

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,253

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1963
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park Division
  • New Construction: No
  • CalculatedSquareFootage: 3072
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: Spanaway
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 1518

Schools

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

Lot Info

  • Parcel Number: 5025003740
  • Lot Size Acres: 0.326
  • Lot Size Sq Ft: 14200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3100

Multi Family

  • Gross Scheduled Income: 37200
  • Net Operating Income: 29234
  • Number Of Units Total: 4
  • Insurance Expense: 1079
  • Leasable Area: 3072
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4253

MLS Schools

  • Elementary School: Spanaway Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2017
Closed on
Apr 5, 2017
Sold by
Omsberg Ramona G
Bought by
Cayford Christian C and Cayford Jennifer S
Seller's Agent
Mitchell England
Cascade Hasson Sotheby's Int'l
Buyer's Agent
Robert Allison
Dupont Realty & Property Mgmt
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$588,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,283
Avg. Annual Appreciation
5.93%
Original Mortgage
$270,000
Outstanding Balance
$224,372
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$363,911

Purchase Details

Closed on
Nov 1, 2002
Sold by
Lewis Neil G
Bought by
Lewis Neil G and Lewis Gail M

Purchase Details

Closed on
Apr 19, 2002
Sold by
Lewis Gail
Bought by
Lewis Neil G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,499
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1999
Sold by
Ballard Kathryn F
Bought by
Ballard Kathryn F and The Kathryn F Ballard Trust

Purchase Details

Closed on
Aug 16, 1994
Sold by
Krause Herbert G
Bought by
Ballard Kathryn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Cayford Christian C $359,719 F A T C O
Lewis Neil G -- --
Lewis Neil G -- Chicago Title Insurance Comp
Lewis Neil G $223,300 Chicago Title Insurance Comp
Ballard Kathryn F -- --
Ballard Kathryn F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cayford Christian C $270,000
Previous Owner Lewis Neil G $195,499
Previous Owner Ballard Kathryn F $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2017 04/07/17 Sold $360,000 0.0% $117 / Sq Ft
01/15/2017 01/15/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $360,000 -- $117 / 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 $6,723 $559,500 $209,200 $350,300
2024 $6,723 $580,300 $199,600 $380,700
2023 $6,723 $564,300 $185,500 $378,800
2022 $6,409 $596,400 $185,500 $410,900
2021 $5,923 $409,900 $107,500 $302,400
2019 $4,218 $346,800 $91,200 $255,600
2018 $4,154 $334,200 $81,700 $252,500
2017 $4,154 $285,700 $68,500 $217,200
2016 $3,852 $252,200 $52,200 $200,000
2014 $3,058 $220,300 $51,200 $169,100
2013 $3,058 $187,500 $44,800 $142,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1066681

Northwest Multiple Listing Service (NWMLS)

APN: 502500-3740