Listed by Keller Williams Realty PS, Bought with Keller Williams Realty Bothell
NOT LISTED FOR SALE

1636 S 333rd St Federal Way, WA 98003

Estimated Value: $548,000 - $1,164,008

8 Beds
4 Baths
3,332 Sq Ft
$281/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $1,025,000 $308 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,866/month

104 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Vinyl Plank Flooring
  • Deck
  • Patio
  • Gated Home

About This Home

As of October 2021

Amazing investment opportunity located in the heart of busy Federal Way. Just shy of 3/4 of an acre, this parcel is home to 3 spacious single family homes and a large Warehouse! Multiple investment opportunities abound with current rents at 6300/month + potential additional development opportunity (RM3600 zoning). Two of the homes were rebuilt from the ground up in 2018 boasting open layouts, new modern designs, and higher end finishes! Interior finishes boast LVP flooring, modern kitchens with Quart countertops, and so much more! Warehouse space is under-utilized and can likely bring in much higher rents with no additional investment. Rent rolls, operating costs and income available upon request! Schedule your showing today!

Last Agent to Sell the Property

Vasily Stepin

Keller Williams Realty PS License #104191 Listed on: 03/31/2021

Keller Williams Realty PS

Last Buyer's Agent

Weini Abraha

Keller Williams Realty Bothell License #124346

Keller Williams Realty Bothell

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1750794

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,532

Year Built

  • Built in 2018

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 151 x 199
  • Gated Home
  • Property is Fully Fenced
  • Value in Land
  • Property is in very good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 3,332 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 14 Parking Spaces
  • 8 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Rainier View Elementary School
  • Sequoyah Mid Sch Middle School
  • Todd Beamer High School

Utilities

  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7978200080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,532

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2018
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3332
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecurityGate, PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way
  • High School: Todd Beamer High
  • Middle Or Junior School: Sequoyah Mid Sch

Lot Info

  • Parcel Number: 7978200080
  • Lot Size Acres: 0.6887
  • Lot Size: 151 x 199
  • Lot Size Sq Ft: 30000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gated Entry,Outbuildings,Patio,RV Parking,Shop
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6300

Multi Family

  • Gross Scheduled Income: 74361
  • Net Operating Income: 51161
  • Number Of Units Total: 4
  • Insurance Expense: 3185
  • Leasable Area: 5724
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7532

MLS Schools

  • Elementary School: Rainier View Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Sep 27, 2021
Sold by
Yk Investments Llc
Bought by
Tsegai Ghirmai T
Seller's Agent
Vasily Stepin
Keller Williams Realty PS
Buyer's Agent
Weini Abraha
Keller Williams Realty Bothell
List Price
$1,230,000
Sold Price
$1,025,000
Premium/Discount to List
-$205,000
-16.67%
Current Estimated Value
$935,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,248
Avg. Annual Appreciation
-2.24%
Original Mortgage
$750,000
Outstanding Balance
$683,930
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$251,822

Purchase Details

Closed on
Mar 10, 2021
Sold by
Stonewater Holdings Llc
Bought by
Yk Investments Llc

Purchase Details

Closed on
Jan 10, 2019
Sold by
Hamamoto Yamaguchi Garret M and Hamamoto Yamaguchi Stefanif
Bought by
Stonewater Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
4.8%

Purchase Details

Closed on
Jan 31, 2014
Sold by
Azzam Properties Llc
Bought by
Yamaguchi Garret M and Hamamoto Stefanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
4.45%

Purchase Details

Closed on
Apr 17, 2012
Sold by
Azzam Wasim and Azzam Ghossoun
Bought by
Azzam Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,900
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2012
Sold by
Azzam Properties Llc
Bought by
Azzam Wasim and Azzam Ghossoun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,900
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2012
Sold by
Azzam Wasim and Azzam Ghossoun
Bought by
Azzam Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,900
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2008
Sold by
Connor Joseph E and Connor Barbara C
Bought by
Azzam Wasim and Azzam Ghossoun

Purchase Details

Closed on
Nov 16, 2000
Sold by
Giboney David R and Giboney Phyllis J
Bought by
Connor Joseph E and Connor Barbara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
7.86%

Purchase Details

Closed on
Jul 15, 1999
Sold by
Giessen Lisa G Vander
Bought by
Giessen James L Vander

Purchase Details

Closed on
Jul 14, 1999
Sold by
Giessen James Larry Vander and Giessen Karen A Vander
Bought by
Giboney David R and Giboney Phyllis J

Purchase Details

Closed on
Apr 2, 1998
Sold by
Robertson Juventud R
Bought by
Vander Giessen James Larry and Vander Giessen Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.07%

Purchase Details

Closed on
Mar 22, 1994
Sold by
Robertson Juventud R
Bought by
Robertson Juventud R
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
Tsegai Ghirmai T $1,085,000 Wfg Natl Ttl Co Of Wa Llc
Yk Investments Llc -- None Available
Stonewater Holdings Llc $435,000 Old Republic Title Ltd
Yamaguchi Garret M $435,000 Stewart Title
Azzam Properties Llc -- None Available
Azzam Wasim -- None Available
Azzam Properties Llc -- None Available
Azzam Wasim $345,000 Stewart Title
Connor Joseph E $230,000 Fidelity National Title
Giessen James L Vander -- --
Giboney David R $275,000 --
Vander Giessen James Larry $200,000 Chicago Title Insurance Co
Robertson Juventud R -- Commonwealth Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsegai Ghirmai T $750,000
Previous Owner Stonewater Holdings Llc $423,750
Previous Owner Yamaguchi Garret M $326,250
Previous Owner Azzam Wasim $242,900
Previous Owner Connor Joseph E $207,000
Previous Owner Vander Giessen James Larry $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $1,025,000 -16.7% $308 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $1,230,000 +20.0% $369 / Sq Ft
07/01/2021 07/01/21 Off Market $1,025,000 -- --
03/31/2021 03/31/21 For Sale $1,230,000 -- $369 / 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 $10,787 $1,024,000 $158,000 $866,000
2023 $9,973 $899,000 $138,000 $761,000
2022 $9,012 $970,000 $148,000 $822,000
2021 $8,102 $759,000 $120,000 $639,000
2020 $7,532 $639,000 $107,000 $532,000
2018 $5,708 $471,000 $107,000 $364,000
2017 $5,041 $386,000 $89,000 $297,000
2016 $5,246 $339,000 $89,000 $250,000
2015 $4,837 $339,000 $89,000 $250,000
2014 -- $319,000 $89,000 $230,000
2013 -- $260,000 $85,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1750794

Northwest Multiple Listing Service (NWMLS)

APN: 797820-0080