NOT LISTED FOR SALE

405 174th St S Spanaway, WA 98387

Estimated Value: $461,898 - $539,000

4 Beds
2 Baths
1,623 Sq Ft
$310/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $235,000 $145 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,058/month

27 Days on Market

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Corner Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2018

investor's dream. Two unit Duplex on corner lot. great location in Spanaway. Each unit has two bedrooms, one full bath, a one car garage. Plenty of room for an R.V.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,775

Year Built

  • Built in 1964

Lot Details

  • 10,650 Sq Ft Lot
  • Lot Dimensions are 74'x140'
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

  • Duplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,623 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Lake Park Condos
  • Lake Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 34 thru 36 / 47
  • Assessor Parcel Number 502500-418-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,775

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1964
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 1623
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Bethel
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 502500-418-4
  • Lot Size Acres: 0.2445
  • Lot Size: 74'x140'
  • Lot Size Sq Ft: 10650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 34 thru 36

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 1160

Multi Family

  • Gross Scheduled Income: 13920
  • Net Operating Income: 9736
  • Number Of Units Total: 6
  • Insurance Expense: 809
  • Leasable Area: 1623
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2775

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2018
Closed on
Jul 3, 2018
Sold by
Mickelson Wendy S and Hanson Wendy S
Bought by
Radical Renovations 2 Llc
List Price
$244,950
Sold Price
$235,000
Premium/Discount to List
-$9,950
-4.06%
Current Estimated Value
$502,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,725

Purchase Details

Closed on
Oct 22, 2004
Sold by
Zentner Gloria M
Bought by
Hanson Jonathan M and Hanson Wendy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,600
Interest Rate
5.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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
Radical Renovations 2 Llc $234,719 First American Title Insuran
Hanson Jonathan M $110,000 Lawyers Title Agency Of Wash
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanson Jonathan M $88,000
Closed Hanson Jonathan M $11,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2018 08/01/18 Sold $235,000 -4.1% $145 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $244,950 0.0% $151 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $244,950 -- $151 / 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 $4,710 $427,100 $197,000 $230,100
2024 $4,710 $436,700 $188,000 $248,700
2023 $4,710 $396,600 $170,900 $225,700
2022 $4,437 $415,600 $170,900 $244,700
2021 $4,015 $279,000 $99,100 $179,900
2019 $2,835 $236,100 $84,000 $152,100
2018 $3,092 $225,500 $75,300 $150,200
2017 $2,775 $192,400 $63,200 $129,200
2016 $2,578 $167,500 $48,100 $119,400
2014 $2,056 $148,200 $47,200 $101,000
2013 $2,056 $126,500 $41,300 $85,200
Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1302453

Northwest Multiple Listing Service (NWMLS)

APN: 502500-4184