NOT LISTED FOR SALE

1223 SW 354th Place Federal Way, WA 98023

Madrona Meadows - Fed Way Neighborhood

Estimated Value: $627,000 - $656,000

3 Beds
3 Baths
1,830 Sq Ft
$350/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $560,000 $306 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,848/month

Highlights

  • Spa
  • Attached Garage
  • Slate Flooring
  • Cul-De-Sac
  • Patio
  • High Speed Internet

About This Home

As of July 2021

Come check out this completely updated 3 bedroom 2 1/2 bath in Madrona Meadows. Newer 30-year roof with new skylights, furnace, water tank. Freshly painted inside & out w/ new carpeting. Italian slate flooring, granite tile counter-tops, recessed lighting, wainscoting, wood burning fireplace. Master w/ walk-in closet, custom closet organizers. Fully fenced backyard w/ covered patio, a hot tub, sprinkler system & huge storage shed. 2- car garage w/ workshop space plus extra storage area. It will be gone quick!

Last Agent to Sell the Property

Cary Farrah

Premier Real Estate Partners License #135459 Listed on: 07/01/2021

Last Buyer's Agent

Cary Farrah

Premier Real Estate Partners License #135459 Listed on: 07/01/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1786665

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,402

Year Built

  • Built in 1989

Lot Details

  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Madrona Community

Listing and Financial Details

  • Assessor Parcel Number 5028602080

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,402

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Skylights, Walk-In Closet
  • Floor Covering: Ceramic Tile, Laminate, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1830

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: Lakehaven
  • Water Company: Lakehaven
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 8
  • Community Name: Madrona

Schools

  • Elementary School: Enterprise Elem
  • Middle School: Illahee Jnr High
  • High School: Decatur High
  • School District: FED

Lot Info

  • Lot Details: Cul-De-Sac, Paved Street, Sidewalk
  • Lot Sq Ft: 6847
  • Lot Topography Vegetation: Level
  • Parcel Number: 5028602080
  • Lot Topography: Level

Tax Info

  • Tax Amount: 4543

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Jul 21, 2021
Sold by
Jackson Richard and Jackson Erika A
Bought by
Lkhamjav Uchral and Orsoo Tserenbaatar
Seller's Agent
Cary Farrah
Premier Real Estate Partners
Buyer's Agent
Cary Farrah
Premier Real Estate Partners
List Price
$549,950
Sold Price
$560,000
Premium/Discount to List
$10,050
1.83%
Current Estimated Value
$640,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,890
Avg. Annual Appreciation
2.99%
Original Mortgage
$448,000
Outstanding Balance
$408,607
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$224,993

Purchase Details

Listed on
Jul 3, 2013
Closed on
Sep 6, 2013
Sold by
Lim Edward S
Bought by
Jackson Richard and Jackson Erika A
Seller's Agent
May Wan
Berkshire Hathaway HS NW
Buyer's Agent
Stan S. White
PNW Towns and Sound
List Price
$274,500
Sold Price
$274,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%
Original Mortgage
$219,600
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2004
Sold by
Hohagen Gunter and Hohagen Tonia S
Bought by
Lim Edward S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,960
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1993
Sold by
Paulsen James W and Paulsen Kelly
Bought by
Hohagen Gunter and Hohagen Tonia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,938
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 1992
Sold by
Erickson Timothy H and Erickson Lisa M
Bought by
Paulsen James W and Paulsen Kelly
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 Buyer Sale Price Title Company
Lkhamjav Uchral $560,000 Rainier Title
Jackson Richard $274,500 First American
Lim Edward S $264,950 Fidelity Natio
Hohagen Gunter $138,000 First American Title
Paulsen James W $133,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lkhamjav Uchral $448,000
Previous Owner Jackson Richard $219,600
Previous Owner Lim Edward S $211,960
Previous Owner Hohagen Gunter $136,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $560,000 +1.8% $306 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $549,950 +100.3% $301 / Sq Ft
09/25/2013 09/25/13 Sold $274,500 0.0% $150 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $274,500 -- $150 / 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
2024 $5,402 $538,000 $157,000 $381,000
2023 $5,191 $487,000 $131,000 $356,000
2022 $4,791 $526,000 $145,000 $381,000
2021 $4,673 $421,000 $127,000 $294,000
2020 $4,543 $386,000 $84,000 $302,000
2018 $4,607 $364,000 $84,000 $280,000
2017 $4,170 $323,000 $77,000 $246,000
2016 $4,043 $292,000 $70,000 $222,000
2015 $3,747 $271,000 $67,000 $204,000
2014 -- $257,000 $67,000 $190,000
2013 -- $192,000 $63,000 $129,000
Source: Public Records

Agents Affiliated with this Home

  • Cary Farrah

    Seller's Agent in 2021

    Cary Farrah

    Premier Real Estate Partners

    (253) 651-9436

    1 in this area

    235 Total Sales

    Cary Farrah
    Section Image

  • M

    Seller's Agent in 2013

    May Wan

    Berkshire Hathaway HomeServices Northwest Real Estate

    Section Image
  • Stan S. White

    Buyer's Agent in 2013

    Stan S. White

    PNW Towns and Sound

    (253) 255-6864

    12 Total Sales

    Stan S. White
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1786665

Northwest Multiple Listing Service (NWMLS)

APN: 502860-2080

Washington King County Federal Way 98023 Madrona Meadows - Fed Way

1223 SW 354th Place, Federal Way, WA

This home is located at 1223 SW 354th Place, Federal Way, WA 98023 since 01 July 2021 and is currently estimated at $640,890, approximately $350 per square foot. This property was built in 1989. 1223 SW 354th Place is a home located in King County with nearby schools including Enterprise Elementary School, Illahee Middle School, and Todd Beamer 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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