Listed by Northwest Home Sales, Bought with Crescent Realty powered by KW
NOT LISTED FOR SALE

631 633 168th St S Spanaway, WA 98387

Estimated Value: $448,443 - $547,000

4 Beds
2 Baths
1,296 Sq Ft
$372/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $175,000 $135 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $2,973/month

4 Days on Market

Highlights

  • Lake View
  • Property is in very good condition
  • Wood Siding
  • Deck
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of November 2014

Very clean and tidy. Good sized Units of this duplex. Remodeled w/ newer appliances, paint and flooring. Lake view from the yard. Large lot and fenced back yards. Nice wood decks, with barbeque area. Close to the lake and Spanaway water access. Conveniently located only Minutes from the freeway, JBLM, and shopping. Additional parking. Also RV Parking. Units have a excellent rental history. Has been well maintained and cared for.

Last Agent to Sell the Property

Carolyn Mowatt

Northwest Home Sales License #79522 Listed on: 09/19/2014

Northwest Home Sales

Last Buyer's Agent

Brad Huggler

Crescent Realty powered by KW License #7745

Crescent Realty powered by KW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 696969

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 1964

Lot Details

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

Property Views

  • Lake
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Lake Park Condos
  • Bethel Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025006210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,018

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: 1296
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 360

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 200

Fee Information

  • Annual Fuel Expense: 200

Schools

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

Lot Info

  • Parcel Number: 5025006210
  • Lot Size Acres: 0.2934
  • Lot Size Sq Ft: 12780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: First American
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

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

Multi Family

  • Gross Scheduled Income: 18300
  • Net Operating Income: 12824
  • Number Of Units Total: 2
  • Electric Expense: 200
  • Insurance Expense: 350
  • Leasable Area: 1296
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2013
  • Tax Annual Amount: 2018

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2014
Closed on
Nov 18, 2014
Sold by
Kainu Richard H and Kainu Kay E
Bought by
Nelson Chris A and Nelson Deborah G
Seller's Agent
Carolyn Mowatt
Northwest Home Sales
Buyer's Agent
Brad Huggler
Crescent Realty powered by KW
List Price
$179,000
Sold Price
$175,000
Premium/Discount to List
-$4,000
-2.23%
Current Estimated Value
$482,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,111
Avg. Annual Appreciation
9.98%
Original Mortgage
$140,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 1997
Sold by
Kainu Richard H
Bought by
Kainu Richard H and Kainu Kay E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,727
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 1996
Sold by
Kainu Kay E
Bought by
Kainu Richard H

Purchase Details

Closed on
May 27, 1995
Sold by
Beard Janet and Baxley Otillie A
Bought by
Harbert Michael and Moore Harbert Janette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
8.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 24, 1995
Sold by
Harbert Michael and Moore Harbert Janette L
Bought by
Kainu Richard H and Kainu Kay E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
8.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 20, 1990
Sold by
Piper Leon G and Piper Ruby I
Bought by
Baxley Otillie Agnes
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
Nelson Chris A $174,719 Ticor
Kainu Richard H -- Rainier Title Company
Kainu Richard H -- --
Harbert Michael $72,000 --
Kainu Richard H $80,000 --
Baxley Otillie Agnes -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Chris A $132,500
Closed Nelson Chris A $140,000
Previous Owner Kainu Richard H $98,356
Previous Owner Kainu Richard H $101,727
Previous Owner Harbert Michael $64,700
Previous Owner Kainu Richard H $101,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $175,000 -2.2% $135 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
09/19/2014 09/19/14 For Sale $179,000 -- $138 / 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 $4,151 $365,100 $204,700 $160,400
2024 $4,151 $369,700 $195,300 $174,400
2023 $4,151 $350,900 $180,000 $170,900
2022 $3,896 $365,500 $180,000 $185,500
2021 $3,462 $240,200 $104,400 $135,800
2019 $2,430 $203,300 $88,500 $114,800
2018 $2,646 $192,700 $79,300 $113,400
2017 $2,376 $164,100 $66,500 $97,600
2016 $2,208 $141,500 $50,700 $90,800
2014 $1,779 $126,500 $49,700 $76,800
2013 $1,779 $108,300 $43,500 $64,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 696969

Northwest Multiple Listing Service (NWMLS)

APN: 502500-6210