Listed by Crescent Realty powered by KW, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

405 407 175th St S Spanaway, WA 98387

Estimated Value: $675,945 - $770,000

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

Last Sold October 10, 2024

Last sale price $689,950 $246 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,292/month

1 Day on Market

Highlights

  • No HOA
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of October 2024

Super nice 3-bedroom 2.5 bath units with electric fireplace in living room Attached 2-car garage. Utility room. Well maintained by current owner. Rents are under market and prime for a rent adjustment. Identical duplex next-door rents for $2450 a side. New roof last winter. Tenants are month-to-month.

Last Agent to Sell the Property

Larry Bergstrom

Crescent Realty powered by KW License #4839 Listed on: 08/16/2024

Crescent Realty powered by KW

Last Buyer's Agent

Bobby Ratty

Skyline Properties, Inc. License #77617

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2277837

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,150

Year Built

  • Built in 2005

Lot Details

  • 10,650 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lake Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025004072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,150

Year Built

Built in 2005

Lot Details

10,650 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2005
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2802
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other – See Remarks, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 5025004072
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.4
  • LeasedItems: None
  • TotalMonthlyIncome: 3995

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7150

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 10
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2025
Sold by
Shankar Sai and Shankar Akhila
Bought by
Madhura Trust and Shankar
Current Estimated Value
$719,486

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 8, 2024
Sold by
Dll 3 Spanaway 175Th Llc
Bought by
Shankar Sai and Shankar Akhila
Seller's Agent
Larry Bergstrom
Crescent Realty powered by KW
Buyer's Agent
Bobby Ratty
Skyline Properties, Inc.
List Price
$689,950
Sold Price
$689,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.15%
Original Mortgage
$482,965
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2017
Sold by
Lincoln Daniel C and Lincoln Deborah L
Bought by
Dll 3 Spanaway 175Th Llc

Purchase Details

Closed on
Apr 22, 2009
Sold by
Lincoln Deborah L
Bought by
Lincoln Daniel C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2009
Sold by
Wells Fargo Bank Na
Bought by
Lincoln Daniel C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2008
Sold by
Cartwright Scott D and Cartwright Rochelle
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Oct 22, 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
$300,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2005
Sold by
Austin Malinda J
Bought by
Suncrest Builders

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
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2003
Sold by
Aldrich Vuriko U
Bought by
Austin Malinda J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Madhura Trust -- None Listed On Document
Shankar Sai $689,950 Chicago Title
Dll 3 Spanaway 175Th Llc -- None Available
Lincoln Daniel C -- Chicago Title Insurance Co
Lincoln Daniel C $275,000 Chicago Title Insurance Co
Wells Fargo Bank National Association $255,541 Fidelity National Title
Cartwright Scott D $375,000 Fidelity National Title Insu
Suncrest Builders $195,000 Fidelity National Title Co
Austin Malinda J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shankar Sai $482,965
Previous Owner Lincoln Daniel C $192,500
Previous Owner Cartwright Scott D $300,000
Previous Owner Suncrest Builders $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $689,950 0.0% $246 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $689,950 -- $246 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $7,150 $637,500 $197,000 $440,500
2024 $7,150 $646,200 $188,000 $458,200
2023 $7,150 $619,300 $170,900 $448,400
2022 $6,849 $657,800 $170,900 $486,900
2021 $6,295 $451,100 $99,100 $352,000
2019 $4,454 $381,500 $84,000 $297,500
2018 $4,890 $369,100 $75,300 $293,800
2017 $4,394 $315,600 $63,200 $252,400
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2277837

Northwest Multiple Listing Service (NWMLS)

APN: 502500-4072

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