Listed by John L. Scott, Inc., Bought with American Dream Realty, LLC
NOT LISTED FOR SALE

3902 255th St E Spanaway, WA 98387

-- Bed
-- Bath
-- Sq Ft
5.41 Acres

Last Sold October 28, 2022

Last sale price $4,000,000

Highlights

  • Lake Front
  • 5.41 Acre Lot
  • Partially Fenced Property
  • RV Access or Parking
  • No HOA
  • Wall to Wall Carpet

About This Home

As of October 2022

37 UNIT MOBILE HOME PARK LOCATED ON 5.41+ACRES SOUTH OF SPANAWAY, THE PARK OWNS ALL MOBILE HOMES ON PROPERTY INCLUDING A HOUSE, MAINTANCE SHOP AND DUPLEX'S ALL IN GOOD SHAPE & ALL ARE RENTED OUT, P&L SHOWS 7+CAP RATE. CLOSE TO SCOOLS, SHOPING, ECT.

Last Agent to Sell the Property

Robert 'Bob' Green

John L. Scott, Inc. License #4263 Listed on: 03/07/2022

John L. Scott, Inc.

Last Buyer's Agent

Ericia Lorentzen

American Dream Realty, LLC License #111329

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1897300

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,000

Year Built

  • Built in 1964

Lot Details

  • 5.41 Acre Lot
  • Lake Front
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Vinyl Construction Material

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 36 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Private Water Source
  • Septic Tank
  • Cable TV Available

Additional Features

  • 1-Story Property
  • Outbuilding

Community Details

  • No Home Owners Association
  • South Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031824 3017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,000

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1964
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: See Remarks
  • Fireplace: No
  • Flooring: See Remarks, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • Lot Features: Dead End Street
  • View: No
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Metal/Vinyl, See Remarks
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Post & Beam,Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 36
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 36
  • ParkingUncoveredSpaces: 36

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Heating Yn: Yes
  • HeatingCoolingType: Baseboard,Forced Air,Wall
  • PowerCompany: TACOMA CITY
  • SewerCompany: SEPTIC
  • WaterCompany: Well
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 031824 3017
  • Lot Size Acres: 5.41
  • Lot Size Sq Ft: 235660
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 400000

Multi Family

  • Gross Scheduled Income: 400000
  • Net Operating Income: 350700
  • Electric Expense: 3700
  • Insurance Expense: 12000
  • Leasable Area: 15000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 36
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 30000
  • AdditionalTaxIds: 0318243019,0318243020

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

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $4,000,000 0.0% --
03/17/2022 03/17/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $4,000,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert 'Bob' Green

    Seller's Agent in 2022

    Robert 'Bob' Green

    John L Scott

    (253) 380-8421

    2 in this area

    30 Total Sales

    Robert 'Bob' Green
    Section Image
  • Ericia Lorentzen

    Buyer's Agent in 2022

    Ericia Lorentzen

    American Dream Realty, LLC

    (253) 307-0770

    3 in this area

    29 Total Sales

    Ericia Lorentzen
    Section Image
  • Julie Hitchcock

    Buyer Co-Listing Agent in 2022

    Julie Hitchcock

    American Dream Realty, LLC

    (253) 377-3990

    2 in this area

    27 Total Sales

    Julie Hitchcock
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1897300

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Spanaway 98387

3902 255th St E, Spanaway, WA

This home is located at 3902 255th St E, Spanaway, WA 98387 since 07 March 2022. This property was built in 1964. 3902 255th St E is a home located in Pierce County with nearby schools including Rocky Ridge Elementary School, Cougar Mountain Middle School, and Bethel High School.

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