Listed by Silvercreek Realty Group, Bought with Keller Williams Realty PS
$40,000
SOLD FEB 19, 2016

7011 198th St E Spanaway, WA 98387

0.18 Acre
$222,222 Price per Acre
7,841 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

11% Below List Price

About This Lot

As of March 2017

This home is located at 7011 198th St E, Spanaway, WA 98387 and is currently priced at $40,000, approximately $29 per square foot. 7011 198th St E is a home located in Pierce County with nearby schools including Clover Creek Elementary School, Bethel Middle School, and Bethel High School.

Last Agent to Sell the Property

Samantha Eastman

Silvercreek Realty Group License #20123133 Listed on: 01/30/2015

Last Buyer's Agent

Tory Mayfield

Keller Williams Realty PS License #27276

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM738426

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,462

Additional Features

  • Level Lot
  • Sewer in Street

Community Details

  • Spanaway Community

Listing and Financial Details

  • Assessor Parcel Number 6021470382

Property Details

Property Type

Land

Est. Annual Taxes

$4,462

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 40 - Res-Less Thn 1 Ac
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: Available, In Street
  • Water: On Property

Condo/Co-op/Association

  • Community Name: Spanaway

Schools

  • School District: BTH

Lot Info

  • Easements: Sewer
  • General Zoning Classification: Residential
  • Lot Sq Ft: 7743
  • Parcel Number: 6021470382
  • Topography: Level
  • Zoning Jurisdiction: City

Tax Info

  • Tax Amount: 399

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2016
Closed on
Feb 22, 2017
Sold by
Spanaway 198Th St Llc
Bought by
Russell Powell Christopher and Powell Sheila
Seller's Agent
Tory Mayfield
Keller Williams Realty PS
Buyer's Agent
Jamie Hale
Engel & Voelkers Federal Way
List Price
$259,950
Sold Price
$264,000
Premium/Discount to List
$4,050
1.56%
Current Estimated Value
$470,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,059
Avg. Annual Appreciation
7.38%
Original Mortgage
$259,218
Interest Rate
4.19%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 30, 2015
Closed on
Feb 9, 2016
Sold by
Scheidler Jason
Bought by
Spanaway 198Th St Llc
Seller's Agent
Samantha Eastman
Silvercreek Realty Group
Buyer's Agent
Tory Mayfield
Keller Williams Realty PS
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
513.79%
Original Mortgage
$153,250
Interest Rate
3.62%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $263,719 Chicago Title Co
Warranty Deed $39,719 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,950 FHA
Closed $49,382 New Conventional
Closed $259,218 FHA
Closed $10,368 Unknown
Closed $259,218 FHA
Previous Owner $153,250 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $264,000 +1.6% $193 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
12/05/2016 12/05/16 For Sale $259,950 +549.9% $190 / Sq Ft
02/19/2016 02/19/16 Sold $40,000 -11.1% $29 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $45,000 -- $33 / 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 $4,462 $412,000 $166,200 $245,800
2024 $4,462 $395,500 $160,200 $235,300
2023 $4,462 $378,600 $166,200 $212,400
2022 $4,070 $392,800 $153,100 $239,700
2021 $3,693 $258,800 $99,100 $159,700
2019 $2,785 $233,800 $82,100 $151,700
2018 $3,145 $218,800 $75,900 $142,900
2017 $1,778 $198,300 $66,300 $132,000
2016 $460 $27,700 $27,700 $0
2014 $405 $27,700 $27,700 $0
2013 $405 $25,400 $25,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM738426

Northwest Multiple Listing Service (NWMLS)

APN: 602147-0382