NOT LISTED FOR SALE

1730 S 305th Place Federal Way, WA 98003

Steel Lake Neighborhood

Estimated Value: $659,000 - $859,000

-- Bed
-- Bath
3,325 Sq Ft
$236/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $675,000 $203 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,851/month

4 Days on Market

Highlights

  • Territorial View
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of March 2021

One-Story 4-Plex: Situated in the rental area of Federal Way. Shopping, bus line, high school blocks away. This area is in high demand and is situated in a prime rental area. Long term tenants, no vacancy in six years! New roof in 2017. Turnkey operation!

Last Listed By

Richard Wenger

Skyline Properties, Inc. License #77029 Listed on: 12/05/2020

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1695870

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,689

Year Built

  • Built in 1969

Lot Details

  • 9,915 Sq Ft Lot
  • Street terminates at a dead end

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,325 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Federal Way Snr High School

Utilities

  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2558170100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,689

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3325
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 271

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 6049

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way
  • High School: Federal Way Snr High

Lot Info

  • Parcel Number: 2558170100
  • Lot Size Acres: 0.2276
  • Lot Size Sq Ft: 9915
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4025

Multi Family

  • Gross Scheduled Income: 48300
  • Net Operating Income: 32140
  • Number Of Units Total: 4
  • Electric Expense: 147
  • Insurance Expense: 1475
  • Leasable Area: 3325
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6689

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2020
Closed on
Feb 25, 2021
Sold by
Wislen Marc T
Bought by
Veera Venkata S Kodavati and Kodavati Satya Devi
Seller's Agent
Richard Wenger
Skyline Properties, Inc.
List Price
$645,000
Sold Price
$675,000
Premium/Discount to List
$30,000
4.65%
Total Days on Market
4
Current Estimated Value
$783,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,125
Avg. Annual Appreciation
3.63%
Original Mortgage
$506,250
Outstanding Balance
$459,645
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$323,480

Purchase Details

Listed on
Mar 24, 2013
Closed on
Jun 18, 2014
Sold by
Connor Joseph E and Connor Barbara C
Bought by
Wislen Marc T
Buyer's Agent
Richard Wenger
Skyline Properties, Inc.
List Price
$399,990
Sold Price
$395,000
Premium/Discount to List
-$4,990
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$296,250
Interest Rate
4.16%

Purchase Details

Closed on
Dec 21, 2008
Sold by
Volosen Pavel E
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
$345,000
Interest Rate
6.1%

Purchase Details

Closed on
Jan 20, 2006
Sold by
Nguyen Vuong
Bought by
Volosen Pavel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.12%

Purchase Details

Closed on
Sep 29, 2003
Sold by
Green Frank
Bought by
Nguyen Vuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.22%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Vantram Loc and Tram Le Hong Ly
Bought by
Green Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Interest Rate
7.17%

Purchase Details

Closed on
Jun 10, 1992
Sold by
Tuan Quoctram
Bought by
Vanvan Tram Loc Van and Tram Hongly
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
Veera Venkata S Kodavati $675,000 First American Title
Wislen Marc T $395,000 First American
Connor Joseph E $460,000 Stewart Title
Volosen Pavel E $425,000 Fidelity Natio
Nguyen Vuong $300,000 Fidelity Natio
Green Frank $253,000 Transnation Title Insurance
Vanvan Tram Loc Van -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veera Venkata S Kodavati $506,250
Previous Owner Wislen Marc T $296,250
Previous Owner Connor Joseph E $321,700
Previous Owner Connor Joseph E $345,000
Previous Owner Volosen Pavel E $340,000
Previous Owner Nguyen Vuong $225,000
Previous Owner Green Frank $189,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $675,000 +4.7% $203 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
12/05/2020 12/05/20 For Sale $645,000 +63.3% $194 / Sq Ft
06/19/2014 06/19/14 Sold $395,000 -1.2% $119 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
03/24/2013 03/24/13 For Sale $399,990 -- $120 / 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 $8,342 $731,000 $225,000 $506,000
2023 $10,144 $904,000 $225,000 $679,000
2022 $8,100 $792,000 $225,000 $567,000
2021 $7,873 $694,000 $200,000 $494,000
2020 $6,689 $635,000 $200,000 $435,000
2018 $6,676 $490,000 $95,000 $395,000
2017 $5,841 $454,000 $85,000 $369,000
2016 $6,123 $395,000 $85,000 $310,000
2015 $5,437 $398,000 $85,000 $313,000
2014 -- $360,000 $75,000 $285,000
2013 -- $360,000 $75,000 $285,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richard Wenger

    Skyline Properties, Inc.

    (253) 350-8184

    1 in this area

    27 Total Sales

    Richard Wenger
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1695870

Northwest Multiple Listing Service (NWMLS)

APN: 255817-0100

Washington King County Federal Way 98003 Steel Lake

1730 S 305th Place, Federal Way, WA

This home is located at 1730 S 305th Place, Federal Way, WA 98003 since 05 December 2020 and is currently estimated at $783,125, approximately $235 per square foot. This property was built in 1969. 1730 S 305th Place is a home located in King County with nearby schools including Wildwood Elementary 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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