Listed by COMPASS, Bought with Windermere RE West Campus Inc
NOT LISTED FOR SALE

18623 SE 240th St Covington, WA 98042

Estimated Value: $569,000 - $654,334

1 Bed
2 Baths
1,001 Sq Ft
$607/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $625,000 $624 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,745/month

Highlights

  • 1.09 Acre Lot
  • 1 Car Attached Garage
  • Central Air
  • No HOA
  • 1-Story Property
  • Gated Home

About This Home

As of July 2022

An exceptional Covington property on a rectangular 1.09 acres within a park-like setting of flat lawns & beautiful gardens, which includes an incredibly charming 2006 custom built home. With R4 zoning, this is such a valuable piece of land and offers so much flexibility; enjoy the home with entirety of the land & gardens, potentially subdivide a couple of the south lots & keep the home with 1/2 acre OR develop all 1.09 acres into 4-5 homes...no wrong choice here! The house itself is thoughtful in design; built with enjoyment in mind, not budget. With a full-length covered patio for year-round garden gazing, beautiful nearly full glass sun room, tankless water heater, irrigation system, 2 bathrooms & more...this home is truly a Must See!!!

Last Agent to Sell the Property

Renee McGahan

COMPASS License #119664 Listed on: 05/19/2022

COMPASS

Co-Listed By

Zachary Lazo

COMPASS License #25114

Last Buyer's Agent

Roger Bintner

Windermere RE West Campus Inc License #50539

Windermere RE West Campus Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1937218

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,304

Year Built

  • Built in 2006

Lot Details

  • 1.09 Acre Lot
  • Gated Home
  • Property is Fully Fenced
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,001 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Utilities

  • Central Air
  • Generator Hookup

Community Details

  • No Home Owners Association
  • Covington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1922069027

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,304

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 2006
  • Inclusions: Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1001
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Appliances: Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Forced Air, Central A/C, Wired for Generator
  • Living Area: 1001
  • Main Level Bedrooms: 1
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • SquareFootageFinished: 1001
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Microwave,Refrigerator,Stove/Range

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Natural Gas Connected
  • HeatingCoolingType: Central A/C,Forced Air,Stove/Free Standing

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1922069027
  • Land Lease: No
  • Lot Size Acres: 1.0891
  • Lot Size Sq Ft: 47442
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gated Entry,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: verify

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5304

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 28, 2022
Sold by
Reis Anna C
Bought by
Mohyuddin Muhammad Saad and Akman Anam
Seller's Agent
Renee McGahan
COMPASS
Buyer's Agent
Roger Bintner
Windermere RE West Campus Inc
List Price
$399,995
Sold Price
$625,000
Premium/Discount to List
$225,005
56.25%
Current Estimated Value
$607,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,166
Avg. Annual Appreciation
-0.86%
Original Mortgage
$468,750
Outstanding Balance
$446,499
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$161,335

Purchase Details

Closed on
Mar 6, 2022
Sold by
Shelley Elizabeth Elton Irrevocable Trus
Bought by
Reis Anna C

Purchase Details

Closed on
Jun 11, 2012
Sold by
Fitch H Oliver
Bought by
Fitch Muriel A

Purchase Details

Closed on
Aug 3, 2005
Sold by
Fitch H Oliver and Fitch Muriel A
Bought by
City Of Covington

Purchase Details

Closed on
Feb 4, 2004
Sold by
Fitch H Oliver and Fitch Muriel A
Bought by
City Of Covington
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
Mohyuddin Muhammad Saad $625,000 Chicago Title
Reis Anna C $313 Somers Tamblyn Isenhour Bleck
Fitch Muriel A -- None Available
City Of Covington -- --
City Of Covington -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohyuddin Muhammad Saad $468,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold $625,000 +56.3% $624 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $399,995 -- $400 / 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 $6,106 $604,000 $341,000 $263,000
2023 $6,211 $542,000 $305,000 $237,000
2022 $5,679 $598,000 $337,000 $261,000
2021 $5,304 $479,000 $288,000 $191,000
2020 $5,012 $425,000 $202,000 $223,000
2018 $4,639 $400,000 $190,000 $210,000
2017 $4,245 $359,000 $172,000 $187,000
2016 $4,178 $327,000 $157,000 $170,000
2015 $4,353 $299,000 $142,000 $157,000
2014 -- $308,000 $140,000 $168,000
2013 -- $257,000 $112,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1937218

Northwest Multiple Listing Service (NWMLS)

APN: 192206-9027