NOT LISTED FOR SALE

1240 SW 296th St Federal Way, WA 98023

Adelaide Neighborhood

Estimated Value: $1,563,000 - $1,964,000

6 Beds
5 Baths
4,962 Sq Ft
$337/Sq Ft Est. Value

Last Sold April 26, 2013

Last sale price $929,000 $187 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $10,525/month

193 Days on Market

About This Home

As of April 2013

Custom Built Puget Sound Waterfront Home! Unparalleled setting affords stunning views, sunrises, and sunsets across the Puget Sound from every deck & the 8 person hot tub. Over 4900', 6 beds w/Cat 5/6 wiring, 5 bths, Travertine & Brazilian hrdwds, open great room, Chef's kitchen w/granite countertops, German Beachwood cabinets, stunning mstr suite, lighting system by Seattle Lighting, Sonos Sound System, media room w/ 7-point stereo sys., 10ADI proj. & wet bar. Beach access is $125/year!

Last Listed By

Tracy Hickok

John L. Scott, Inc License #96633 Listed on: 04/26/2012

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM348700

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$13,831

Year Built

2006

Lot Details

0

Listing Details

  • Condition: Very Good
  • Special Features: 12
  • Year Built: 2006

Interior Features

  • Basement: Daylight, Partially Finished
  • Features: Wet Bar, Wired for Generator, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 1
  • Floor: Hardwood, Slate, Wall to Wall Carpet

Exterior Features

  • Community Features: Private Beach Access
  • Exterior: Cement Planked
  • Foundation: Poured Concrete
  • Lot Details: Curbs, Dead End Street, Paved Street
  • Roof: Composition
  • Site Features: Cable TV, Deck, Partial Fence, High Speed Internet, Hot Tub/Spa, Patio, RV Parking
  • View: Mountain, Sound, Territorial
  • Waterfront: High Bank, Sound

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air, High Efficiency (Unspecified)
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: Lakehaven
  • Water Company: Lakehaven
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2012
Closed on
Apr 23, 2013
Sold by
Otto Raymond E and Otto Carol M
Bought by
Otsu Lehiro and Otsu Lynne M
Seller's Agent
Tracy Hickok
John L. Scott, Inc
Buyer's Agent
George Moorhead
Bentley Properties
List Price
$929,000
Sold Price
$929,000
Total Days on Market
193
Current Estimated Value
$1,674,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,264
Avg. Annual Appreciation
4.66%
Original Mortgage
$729,000
Outstanding Balance
$531,498
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,080,442

Purchase Details

Closed on
Jul 16, 2004
Sold by
Nelson Christian S H and Nelson Jennifer S
Bought by
Otto Raymond E and Otto Carol M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,370
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2001
Sold by
Coughlin Joanne
Bought by
Nelson Christian S H and Nelson Jennifer S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,800
Interest Rate
10.34%

Purchase Details

Closed on
Apr 27, 1998
Sold by
Hansen Michael E
Bought by
Coughlin Joanne M

Purchase Details

Closed on
Jul 17, 1997
Sold by
Coughlin Joanne M
Bought by
Hansen Michael E and Coughlin Joanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.36%

Purchase Details

Closed on
May 13, 1993
Sold by
Hansen Joanne M
Bought by
Coughlin Joanne M

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
Otsu Lehiro $929,000 Rainier Title
Otto Raymond E $630,000 Stewart Title
Nelson Christian S H $381,000 Chicago Title Insurance Co
Coughlin Joanne M -- Chicago Title Insurance Co
Hansen Michael E -- Fidelity National Title
Coughlin Joanne M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otsu Lehiro $729,000
Previous Owner Otto Raymond $250,000
Previous Owner Otto Raymond E $1,047,000
Previous Owner Otto Raymond E $566,370
Previous Owner Nelson Christian S H $304,800
Previous Owner Hansen Michael E $290,000
Closed Nelson Christian S H $19,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2013 04/26/13 Sold $929,000 0.0% $187 / Sq Ft
11/05/2012 11/05/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $929,000 -- $187 / 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 $13,831 $1,422,000 $432,000 $990,000
2023 $13,373 $1,285,000 $391,000 $894,000
2022 $12,495 $1,386,000 $398,000 $988,000
2021 $11,364 $1,123,000 $362,000 $761,000
2020 $10,898 $958,000 $333,000 $625,000
2018 $10,795 $841,000 $246,000 $595,000
2017 $10,480 $767,000 $230,000 $537,000
2016 $10,286 $745,000 $230,000 $515,000
2015 $9,383 $700,000 $214,000 $486,000
2014 -- $654,000 $200,000 $454,000
2013 -- $595,000 $191,000 $404,000
Source: Public Records

Agents Affiliated with this Home

  • Tracy Hickok

    Seller's Agent in 2013

    Tracy Hickok

    John L Scott

    (425) 306-2878

    44 Total Sales

    Tracy Hickok
    Section Image
  • George Moorhead

    Buyer's Agent in 2013

    George Moorhead

    Bentley Properties

    (206) 391-7766

    111 Total Sales

    George Moorhead
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM348700

Northwest Multiple Listing Service (NWMLS)

APN: 062104-9047

Washington King County Federal Way 98023 Adelaide

1240 SW 296th St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 1240 SW 296th St, Federal Way, WA 98023 since 26 April 2012 and is currently estimated at $1,674,264, approximately $337 per square foot. This property was built in 2006. 1240 SW 296th St is a home located in King County with nearby schools including Adelaide Elementary School, Lakota Middle School, and Decatur 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) 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. ©2025 NWMLS.

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