Listed by Better Properties UP/Fircrest, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

404 174th St S Spanaway, WA 98387

Estimated Value: $695,000 - $743,000

6 Beds
5 Baths
2,802 Sq Ft
$257/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $315,000 $112 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,417/month

1 Day on Market

About This Home

As of April 2016

Amazing opportunity to own a cash flowing, low maintenance, well maintained duplex with a history of low vacancy! This duplex offers 3 bed/2.5 baths per side, located close to all major arterials, near JBLM & Boeing, has level fenced private backyards & is a short walk to Spanaway Lake Park. Units are in great shape, one tenant is at month to month. Live in one side and rent the other, or just buy a solid investment.

Last Agent to Sell the Property

Steve Hiatt

Better Properties UP/Fircrest License #103770 Listed on: 02/29/2016

Better Properties UP/Fircrest

Last Buyer's Agent

Juli Anne Gibson

Keller Williams Realty PS

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 902307

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,212

Year Built

  • Built in 2005

Lot Details

  • 10,650 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,802 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

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

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Lake Park Condos
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025004000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,212

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2005
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 2802
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water
  • WaterSewerGarbage: 0

Schools

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

Lot Info

  • Parcel Number: 5025004000
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2420

Multi Family

  • Gross Scheduled Income: 29040
  • Number Of Units Total: 2
  • Leasable Area: 2802
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4212

MLS Schools

  • Elementary School: Spanaway Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2016
Closed on
Mar 24, 2016
Sold by
Reiss Aaron Patrick
Bought by
Mattson Robert A and Mattson Karin D
Seller's Agent
Steve Hiatt
Better Properties UP/Fircrest
Buyer's Agent
Juli Anne Gibson
Keller Williams Realty PS
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$719,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,306
Avg. Annual Appreciation
8.90%
Original Mortgage
$236,250
Outstanding Balance
$188,335
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$518,474

Purchase Details

Closed on
Apr 24, 2009
Sold by
The Bank Of New York Mellon Trust
Bought by
Reiss Aaron Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,812
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2009
Sold by
Cartwright Scott D and Cartwright Rochelle
Bought by
The Bank Of New York Mellon Trust Compan

Purchase Details

Closed on
Sep 8, 2005
Sold by
Suncrest Builders Inc
Bought by
Cartwright Scott D and Cartwright Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 3, 2005
Sold by
Hertz Arthur
Bought by
Suncrest Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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
Mattson Robert A $314,719 Chicago Title
Reiss Aaron Patrick $285,000 Chicago Title Insurance Comp
The Bank Of New York Mellon Trust Compan $253,550 1St American
Cartwright Scott D $375,000 Fidelity National Title Insu
Suncrest Builders Inc $70,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mattson Robert A $236,250
Previous Owner Reiss Aaron Patrick $279,812
Previous Owner Cartwright Scott D $356,250
Previous Owner Suncrest Builders Inc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $315,000 0.0% $112 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $315,000 -- $112 / 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 $7,239 $646,700 $197,000 $449,700
2024 $7,239 $655,800 $188,000 $467,800
2023 $7,239 $627,800 $170,900 $456,900
2022 $6,939 $667,100 $170,900 $496,200
2021 $6,360 $456,200 $99,100 $357,100
2019 $4,500 $385,800 $84,000 $301,800
2018 $4,943 $373,300 $75,300 $298,000
2017 $4,440 $319,300 $63,200 $256,100
2016 $4,212 $284,900 $48,100 $236,800
2014 $3,290 $251,900 $47,200 $204,700
2013 $3,290 $214,000 $41,300 $172,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 902307

Northwest Multiple Listing Service (NWMLS)

APN: 502500-4000