NOT LISTED FOR SALE

1405 S 308th St Federal Way, WA 98003

Mirror Lake Neighborhood
2 Beds
2 Baths
11,280 Sq Ft
0.53 Acres

Last Sold January 26, 2018

Last sale price $2,150,000 $191 Per Sq Ft

15 Days on Market

Highlights

  • 0.53 Acre Lot
  • High Speed Internet
  • Wall to Wall Carpet
  • Territorial View
  • Wood Siding

About This Home

As of January 2018

Amazing investment opportunity in the heart of federal way, a major suburb in the Seattle Metropolitan area. This well maintained property is comprised of 12 units. All 12 units are 2 bed/2 bath units, four are 824 SF & 8 are 858 SF. Unit amenities consist of new appliances - range/stove, refrigerator, dishwasher & stackable washer/dryer. Each floor has secured hallway & stairwells in both the front & rear. Assigned parking stalls & 1 garage space w/extra tenant storage. Close to all amenities.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 10/24/2017

John L. Scott, Inc

Last Buyer's Agent

Jon Bye

John L. Scott, Inc License #25593 Listed on: 10/24/2017

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1210814

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,350

Year Built

  • Built in 2004

Lot Details

  • 0.53 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 11,280 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 20 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2503000015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,350

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2004
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 11280
  • Special Features: None
  • Cumulative Days on Market: 284

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 10949

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 2503000015
  • Lot Size Acres: 0.5318
  • Lot Size Sq Ft: 23166
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Title

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 14975

Multi Family

  • Gross Scheduled Income: 179700
  • Net Operating Income: 116736
  • Number Of Units Total: 12
  • Insurance Expense: 3943
  • Leasable Area: 10160
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 21350

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
01/26/2018 01/26/18 Sold $2,150,000 -10.2% $191 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $2,395,000 -- $212 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Bye

    Seller's Agent in 2018

    Jon Bye

    John L Scott

    (206) 400-7586

    3 in this area

    445 Total Sales

    Jon Bye
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1210814

Northwest Multiple Listing Service (NWMLS)

Washington King County Federal Way 98003 Mirror Lake

1405 S 308th St, Federal Way, WA

This home is located at 1405 S 308th St, Federal Way, WA 98003 since 24 October 2017. This property was built in 2004. 1405 S 308th St is a home located in King County with nearby schools including Nautilus K-8 School, Sacajawea Middle School, and Federal Way 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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