NOT LISTED FOR SALE

Estimated Value: $961,000 - $1,028,692

-- Bed
-- Bath
4,096 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $1,000,000 $244 Per Sq Ft

Current estimated payment $6,788/month

45 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Wood Siding
  • Territorial View

About This Home

As of August 2023

Welcome to this charming 4-plex in the heart of Federal Way! Featuring (4) 2-bedroom, 1.5-bathroom units. Each 2 story unit offers a cozy, functional layout with plenty of storage throughout. Enjoy the convenience of in-unit laundry and a private patio. With recent updates including a new roof in 2021, these are at 100% occupancy. The building includes covered on-site parking for each tenant and is ideally located close to shopping, dining, and public transportation. Don't miss this opportunity to own a great investment property! Professionally managed and well maintained, this is a great property.

Last Agent to Sell the Property

Lindsay Jackman

Real Broker LLC License #114892 Listed on: 05/15/2023

Real Broker LLC

Last Buyer's Agent

Rob Condiotty

John L. Scott, Inc License #72687

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2068504

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,454

Year Built

  • Built in 1977

Lot Details

  • 9,701 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $325 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,096 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Panther Lake Elementary School
  • Illahee Jnr High Middle School
  • Todd Beamer High School

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • Campus View Division 2 Condos
  • Panther Lake Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 1322010210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,454

Year Built

Built in 1977

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Campus View Division 2
  • New Construction: No
  • CalculatedSquareFootage: 4096
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 295

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 5847

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 3899
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Federal Way
  • High School: Todd Beamer High
  • Middle Or Junior School: Illahee Jnr High

Lot Info

  • Parcel Number: 1322010210
  • Lot Size Acres: 0.2227
  • Lot Size Sq Ft: 9701
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 21

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.52
  • LeasedItems: None
  • TotalMonthlyIncome: 7246

Multi Family

  • Gross Scheduled Income: 73926
  • Net Operating Income: 48309
  • Number Of Units Total: 4
  • Insurance Expense: 2851
  • Leasable Area: 4200
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 9454

MLS Schools

  • Elementary School: Panther Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jul 28, 2023
Sold by
Brian L Shackleton Living Trust
Bought by
Crispo Anthony C and Crispo Tina Marie
Seller's Agent
Lindsay Jackman
Real Broker LLC
Buyer's Agent
Rob Condiotty
John L. Scott, Inc
List Price
$1,000,000
Sold Price
$1,000,000
Total Days on Market
45
Views
19
Current Estimated Value
$1,002,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,897
Avg. Annual Appreciation
0.64%
Original Mortgage
$750,000
Outstanding Balance
$736,165
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$275,922

Purchase Details

Closed on
Feb 27, 2020
Sold by
Shackleton Brian Lindsay
Bought by
Shackleton Brian L and The Brian L Shackleton Living

Purchase Details

Closed on
Nov 13, 2007
Sold by
Shackletom W A
Bought by
Shackleton W A and The Shackleton Trust

Purchase Details

Closed on
Feb 20, 2003
Sold by
Schroeder Robert A
Bought by
Shackleton W A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.85%

Purchase Details

Closed on
Jun 26, 2000
Sold by
Swanson A Donald and Swanson Betty J
Bought by
Schroeder Robert A

Purchase Details

Closed on
Feb 26, 1993
Sold by
Swanson A Donald
Bought by
Swanson Swanson A and Swanson Betty J
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
Crispo Anthony C $1,000,000 Aegis Land Title
Shackleton Brian L -- None Available
Shackleton Brian Lindsay -- None Available
Shackleton W A -- First American
Shackleton W A $270,000 Fidelity Natio
Schroeder Robert A $232,000 Fidelity National Title
Swanson Swanson A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crispo Anthony C $750,000
Previous Owner Shackleton W A $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $1,000,000 0.0% $244 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $1,000,000 0.0% $244 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $1,000,000 0.0% $244 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $1,000,000 -- $244 / 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 $10,507 $981,000 $200,000 $781,000
2023 $9,454 $1,037,000 $160,000 $877,000
2022 $9,444 $959,000 $140,000 $819,000
2021 $8,713 $833,000 $120,000 $713,000
2020 $7,504 $721,000 $120,000 $601,000
2018 $7,242 $593,000 $120,000 $473,000
2017 $6,842 $505,000 $100,000 $405,000
2016 $6,902 $477,000 $100,000 $377,000
2015 $6,068 $461,000 $68,000 $393,000
2014 -- $414,000 $68,000 $346,000
2013 -- $443,000 $68,000 $375,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2068504

Northwest Multiple Listing Service (NWMLS)

APN: 132201-0210