NOT LISTED FOR SALE

22502 40th Ave E Spanaway, WA 98387

Estimated Value: $443,000 - $461,000

3 Beds
1.5 Baths
1,561 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $360,000 $231 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,779/month

Highlights

  • No HOA
  • 1-Story Property
  • Wood Siding
  • 2 Car Detached Garage

About This Home

As of April 2023

This home is located at 22502 40th Ave E, Spanaway, WA 98387 since 27 April 2023 and is currently estimated at $453,679, approximately $290 per square foot. This property was built in 1965. 22502 40th Ave E is a home located in Pierce County with nearby schools including Centennial Elementary School, Bethel Middle School, and Bethel High School.

Last Buyer's Agent

Cory Burger

WEBREALTY License #80600

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2061361

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 0.51 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,561 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Community Details

  • No Home Owners Association
  • Elk Plain Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0318132061

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1965
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1561
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Living Area: 1561
  • Main Level Bedrooms: 3
  • BathsFullMain: 1
  • SquareFootageFinished: 1561
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Parcel Number: 0318132061
  • Land Lease: No
  • Lot Size Acres: 0.505
  • Lot Size Sq Ft: 22000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: false
  • MLSLotSizeSource: Realist

Rental Info

  • Furnished: Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Apr 26, 2023
Sold by
Miller Frederick P and Miller Susan M
Bought by
Collins Jerry
Buyer's Agent
Cory Burger
WEBREALTY
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$453,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,679
Avg. Annual Appreciation
9.05%
Original Mortgage
$367,740
Outstanding Balance
$357,900
Interest Rate
6.6%
Mortgage Type
VA
Estimated Equity
$95,779

Purchase Details

Listed on
Aug 31, 2016
Closed on
Oct 23, 2016
Sold by
Reed Son Cha
Bought by
Miller Frederick P and Miller Susan M
Seller's Agent
Joe Toner
Toner Real Estate Solutions
Buyer's Agent
James White
Hawkins Poe
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%
Original Mortgage
$171,019
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Collins Jerry -- First American Title Insurance
Miller Frederick P $189,719 F A T C O
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Jerry $367,740
Previous Owner Miller Frederick P $171,019
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2023 04/27/23 Sold $360,000 0.0% $231 / Sq Ft
04/27/2023 04/27/23 For Sale $360,000 +89.5% $231 / Sq Ft
10/31/2016 10/31/16 Sold $190,000 0.0% $122 / Sq Ft View Prior Sale
09/20/2016 09/20/16 Pending -- -- --
09/12/2016 09/12/16 Price Changed $190,000 -5.0% $122 / Sq Ft
08/31/2016 08/31/16 For Sale $200,000 -- $128 / 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 $4,818 $408,800 $184,400 $224,400
2024 $4,818 $409,300 $177,200 $232,100
2023 $4,818 $410,500 $172,800 $237,700
2022 $4,778 $434,600 $184,400 $250,200
2021 $4,341 $307,700 $117,500 $190,200
2019 $3,125 $273,500 $99,700 $173,800
2018 $3,559 $254,600 $81,900 $172,700
2017 $3,193 $227,300 $64,100 $163,200
2016 $2,867 $183,200 $57,700 $125,500
2014 $2,523 $168,600 $53,000 $115,600
2013 $2,523 $153,400 $48,200 $105,200
Source: Public Records

Agents Affiliated with this Home

  • Cory Burger

    Buyer's Agent in 2023

    Cory Burger

    WEBREALTY

    (360) 701-5391

    2 in this area

    174 Total Sales

    Cory Burger
    Section Image
  • Joe Toner

    Seller's Agent in 2016

    Joe Toner

    Toner Real Estate Solutions

    (206) 228-1372

    35 Total Sales

    Joe Toner
    Section Image
  • Nicolas Lind

    Seller Co-Listing Agent in 2016

    Nicolas Lind

    Commencement Bay Brokers LLC

    (253) 851-2897

    278 Total Sales

    Nicolas Lind
    Section Image
  • James White

    Buyer's Agent in 2016

    James White

    Hawkins-Poe

    (253) 223-5265

    1 in this area

    64 Total Sales

    James White
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2061361

Northwest Multiple Listing Service (NWMLS)

APN: 031813-2061

Washington Pierce County Spanaway 98387

22502 40th Ave E, Spanaway, WA

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes