Seller's Agent in 2020
Dan Swanson
Kidder Mathews
(425) 444-6501
59 Total Sales
522 Field Rd E Unit 1-4 Spanaway, WA 98387
Estimated Value: $873,168 - $960,000
8
Beds
8
Baths
--
Sq Ft
0.53
Acres
Highlights
- 0.53 Acre Lot
- Wood Siding
- Wall to Wall Carpet
About This Home
As of January 2020Built in 1981, the property features an excellent unit mix of spacious 2-bedroom/2-bathroom townhome units. Currently the building is priced at a 6% cap rate with the opportunity to increase the CAP up to 7% simply by stabilizing current rent levels. Near Hwy 7, Hwy 507, and I-5. Close to restaurants, shopping, entertainment. According to CoStar, the Spanaway submarket has seen rents increase over 14% in the past three years and its vacancy is a mere 3.6%. Bank financing with 25% down available.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1546244
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,071
Year Built
- Built in 1981
Lot Details
- 0.53
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Flooring
- Wall to Wall Carpet
- Vinyl
Parking
- 4 Parking Spaces
- 4 Covered Spaces
Utilities
- Private Water Source
- Shared Well
- Septic Tank
- Septic System
Additional Features
- 2-Story Property
- 0.53 Acre Lot
Community Details
- Spanaway Subdivision
Listing and Financial Details
- Assessor Parcel Number 0318045060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2019
Closed on
Jan 1, 2020
Sold by
Ardmore Daniel Aaron
Bought by
Mcneeley Dion L
Seller's Agent
Dan Swanson
Kidder Mathews
Buyer's Agent
David Pichler
Real Broker LLC
List Price
$595,000
Sold Price
$590,000
Premium/Discount to List
-$5,000
-0.84%
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,584
Avg. Annual Appreciation
6.41%
Original Mortgage
$472,000
Outstanding Balance
$424,094
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$403,276
Purchase Details
Closed on
Jan 29, 2013
Sold by
Ardmore Farah
Bought by
Ardmore Daniel
Purchase Details
Closed on
Mar 19, 2009
Sold by
Ardmore Daniel
Bought by
Ardmore Daniel and Ardmore Farah
Purchase Details
Closed on
Jun 5, 2007
Sold by
Ardmore Daniel
Bought by
Ardmore Farah
Purchase Details
Closed on
Oct 17, 2001
Sold by
Ardmore Gerriann Marie
Bought by
Ardmore Daniel Aaron
Purchase Details
Closed on
Nov 5, 1998
Sold by
Trotter Rodney K
Bought by
Ardmore Daniel A and Bergford Gerriann M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,550
Interest Rate
6.63%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcneeley Dion L | $590,000 | First American Title | |
| Ardmore Daniel | -- | None Available | |
| Ardmore Daniel | -- | None Available | |
| Ardmore Farah | -- | None Available | |
| Ardmore Daniel Aaron | -- | -- | |
| Ardmore Daniel A | $263,882 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcneeley Dion L | $472,000 | |
| Previous Owner | Ardmore Daniel A | $360,500 | |
| Previous Owner | Ardmore Daniel A | $189,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/06/2020 01/06/20 | Sold | $590,000 | -0.8% | -- |
| 12/09/2019 12/09/19 | Pending | -- | -- | -- |
| 12/05/2019 12/05/19 | For Sale | $595,000 | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,904 | $782,600 | $193,700 | $588,900 |
| 2023 | $9,904 | $804,700 | $199,600 | $605,100 |
| 2022 | $9,044 | $769,800 | $189,300 | $580,500 |
| 2021 | $8,468 | $574,600 | $124,000 | $450,600 |
| 2019 | $6,071 | $487,300 | $108,100 | $379,200 |
| 2018 | $7,048 | $469,500 | $98,000 | $371,500 |
| 2017 | $6,506 | $433,100 | $86,500 | $346,600 |
| 2016 | $5,886 | $349,500 | $72,800 | $276,700 |
| 2014 | $5,188 | $334,700 | $69,900 | $264,800 |
| 2013 | $5,188 | $304,800 | $60,400 | $244,400 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Swanson
-
David Pichler
Buyer's Agent in 2020
David Pichler
Real Broker LLC
(626) 222-0972
4 in this area
117 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1546244
APN: 031804-5060
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.
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
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