Listed by Century 21 Blue Chip, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

601 161st St S Unit 603 Spanaway, WA 98387

Estimated Value: $487,000 - $625,000

6 Beds
2 Baths
1,872 Sq Ft
$297/Sq Ft Est. Value

Last Sold September 16, 2016

Last sale price $228,000 $122 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $3,392/month

7 Days on Market

Highlights

  • Patio
  • Wood Siding
  • 1-Story Property
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of September 2016

Very nice duplex in Parkland/Spanaway with clean, well cared for units. Both have nice, fenced backyards, a 1 car garage, with laundry space. The living room features a fireplace and carpet. Whether you're a beginner or a long time investor, this is a property that you'll want to have in your portfolio. Another possibility is a good space for relatives to buy together, since it's a rambler, it would be a great place to keep a close eye on a loved one who needs a little help.

Last Agent to Sell the Property

Greg Pubols

Century 21 Blue Chip License #18735 Listed on: 08/03/2016

Last Buyer's Agent

Vicky Marchenko

John L. Scott, Inc. License #118848

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1009079

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,090

Year Built

  • Built in 1969

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025005431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,090

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 3.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1872
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • 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: TPU
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 5025005431
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 21190

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 21190
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 1872
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2020
Sold by
Rybakov Pavel I and Rybakov Marina
Bought by
Grewe Howard D and Cowan Grewe Cynthia
Current Estimated Value
$555,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,990
Outstanding Balance
$267,572
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$310,932

Purchase Details

Listed on
Aug 3, 2016
Closed on
Sep 15, 2016
Sold by
Cameron Ingrid
Bought by
Rybakov Pavel I and Rybakov Marina
Seller's Agent
Greg Pubols
Century 21 Blue Chip
Buyer's Agent
Vicky Marchenko
John L. Scott, Inc.
List Price
$230,000
Sold Price
$228,000
Premium/Discount to List
-$2,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$223,870
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 2015
Sold by
Parent Michael G and Parent Songsuk
Bought by
Mcclure Hisako M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.83%
Mortgage Type
VA

Purchase Details

Closed on
Oct 27, 2004
Sold by
Long John A
Bought by
Parent Michael G and Parent Songsuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Grewe Howard D $399,990 Fidelity National Title
Rybakov Pavel I $228,000 Fidelity National Title
Mcclure Hisako M $229,719 First American Title Ins Co
Parent Michael G $200,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grewe Howard D $299,990
Previous Owner Rybakov Pavel I $223,870
Previous Owner Mcclure Hisako M $195,000
Previous Owner Parent Michael G $160,000
Closed Parent Michael G $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2016 09/16/16 Sold $228,000 -0.9% $122 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
08/03/2016 08/03/16 For Sale $230,000 -- $123 / 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 $5,369 $481,100 $202,000 $279,100
2024 $5,369 $492,500 $192,700 $299,800
2023 $5,369 $456,700 $176,800 $279,900
2022 $5,080 $480,300 $176,800 $303,500
2021 $4,622 $324,700 $102,500 $222,200
2019 $3,262 $274,700 $86,900 $187,800
2018 $3,566 $263,300 $77,900 $185,400
2017 $3,202 $224,800 $65,300 $159,500
2016 $2,826 $185,500 $49,800 $135,700
2014 $2,245 $163,600 $48,800 $114,800
2013 $2,245 $139,600 $42,700 $96,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1009079

Northwest Multiple Listing Service (NWMLS)

APN: 502500-5431