Listed by Pierce Cty Dept. Public Works, Bought with Link Real Estate
NOT LISTED FOR SALE

626 162nd St S Unit 628 Spanaway, WA 98387

Estimated Value: $657,000 - $700,000

3 Beds
3 Baths
2,300 Sq Ft
$294/Sq Ft Est. Value

Last Sold September 24, 2012

Last sale price $220,000 $96 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $4,145/month

16 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Ceramic Tile Flooring
  • 0.43 Acre Lot
  • Patio
  • Property is in very good condition

About This Home

As of September 2012

Deluxe rambler duplex with brick surround,wood burning stoves large living rooms,tile floors, large master with 3/4 bath,walk in closet, 3 beds, 1 3/4 bath for unit 626. Updated . Unit 628 is currently leased month to month for $895 for 2 bedroom 1 bath.Each unit has one car garage, patio, fenced backyard. Walking distance to Spanaway Park/Lake!Close to JBLM!626 is move in ready!Perfect opportunity for owner occupant or investment.Newer roof in last 3 years,newer carpet, fixtures,& etc.

Last Agent to Sell the Property

Michelle Cunningham

Pierce Cty Dept. Public Works Listed on: 07/20/2012

Co-Listed By

Paul Stocke

Better Properties Summit License #45992

Last Buyer's Agent

John Cameron

Link Real Estate License #18189

Link Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 384689

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,287

Year Built

  • Built in 1986

Lot Details

  • 0.43 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

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

Outdoor Features

  • Patio
  • Outbuilding

Schools

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

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Lake Park Condos
  • Lake Park Subdivision

Listing and Financial Details

  • Tax Lot 19-23
  • Assessor Parcel Number 5025005641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,287

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Park
  • CalculatedSquareFootage: 2300
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Septic System, Electric
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 5025005641
  • Lot Size Acres: 0.4304
  • Lot Size Sq Ft: 18750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,Patio,RV Parking
  • LotNumber: 19-23

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 895

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3287

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 2300
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 95

MLS Schools

  • Elementary School: Spanaway Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2012
Closed on
Sep 21, 2012
Sold by
Rankin Daniel Douglas and Rankin Jordanna G
Bought by
Rankin Daniel Douglas
Seller's Agent
Michelle Cunningham
Pierce Cty Dept. Public Works
Buyer's Agent
John Cameron
Link Real Estate
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Current Estimated Value
$676,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,667
Avg. Annual Appreciation
8.85%
Original Mortgage
$224,730
Outstanding Balance
$157,015
Interest Rate
3.55%
Mortgage Type
VA
Estimated Equity
$506,318
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
Rankin Daniel Douglas -- Old Republic Title Ltd
Rankin Daniel Douglas $220,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rankin Daniel Douglas $224,730
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2012 09/24/12 Sold $220,000 -2.2% $96 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $225,000 -- $98 / 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 $6,678 $603,700 $221,700 $382,000
2024 $6,678 $615,000 $211,600 $403,400
2023 $6,678 $578,100 $200,800 $377,300
2022 $6,350 $610,200 $200,800 $409,400
2021 $5,743 $410,200 $116,400 $293,800
2019 $4,077 $349,700 $98,700 $251,000
2018 $4,437 $336,500 $88,500 $248,000
2017 $3,985 $285,100 $74,200 $210,900
2016 $3,729 $252,700 $56,500 $196,200
2014 $2,970 $221,500 $55,500 $166,000
2013 $2,970 $188,700 $48,600 $140,100
Source: Public Records

Agents Affiliated with this Home

  • Michelle Cunningham

    Seller's Agent in 2012

    Michelle Cunningham

    Pierce Cty Dept. Public Works

    (253) 921-1430

    2 in this area

    51 Total Sales

    Michelle Cunningham
    Section Image
  • Paul Stocke

    Seller Co-Listing Agent in 2012

    Paul Stocke

    Better Properties Summit

    (253) 307-0538

    2 in this area

    60 Total Sales

    Paul Stocke
    Section Image
  • John Cameron

    Buyer's Agent in 2012

    John Cameron

    Century 21 Link Real Estate

    (206) 910-0200

    13 Total Sales

    John Cameron
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 384689

Northwest Multiple Listing Service (NWMLS)

APN: 502500-5641

Washington Pierce County Spanaway 98387

626 162nd St S Unit 628, Spanaway, WA

This home is located at 626 162nd St S Unit 628, Spanaway, WA 98387 since 20 July 2012 and is currently estimated at $676,667, approximately $294 per square foot. This property was built in 1986. 626 162nd St S Unit 628 is a home located in Pierce County with nearby schools including Spanaway Elementary School, Spanaway Middle School, and Spanaway Lake High School.

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.

Northwest Multiple Listing Service (NWMLS) 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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