C
Seller's Agent in 2022
Cory Moffett
Gateway Real Estate
Listed by Gateway Real Estate, Bought with TEC Real Estate Inc.
1918 S 297th Place Federal Way, WA 98003
Steel Lake NeighborhoodEstimated Value: $625,000 - $665,000
4
Beds
3
Baths
2,070
Sq Ft
$314/Sq Ft
Est. Value
Highlights
- Second Kitchen
- Two Primary Bedrooms
- Deck
- RV Access or Parking
- Fruit Trees
- Property is near public transit
About This Home
As of January 2022ADU!!! That's right a remodeled 1310 Square foot rambler with a 760 Square foot income generating Apartment with separate entrance on a massive 1/4 acre lot in Federal Way. This lovingly cared for home features: 3 large bedrooms, completely remodeled 3/4 bath with a large walk in shower tile accents and quartz counter tops, high quality through out the eat in kitchen that has new cabinets, granite countertops, undermount sink, full tile backsplashes, under cabinet lighting, moon and recessed lighting, bamboo flooring, metal roofing, leaf guard gutters, completely re plumbed and generator ready. The 1 bedroom ADU features the same qualities as the house. Do not miss this opportunity to be a home owner and an investor!
Last Agent to Sell the Property
Cory Moffett
Gateway Real Estate License #50649 Listed on: 12/03/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1869632
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,883
Year Built
- Built in 1959
Lot Details
- 0.26 Acre Lot
- Street terminates at a dead end
- Property is Fully Fenced
- Secluded Lot
- Level Lot
- Fruit Trees
- Wooded Lot
- Garden
Parking
- 1 Car Attached Garage
- RV Access or Parking
Home Design
- Poured Concrete
- Metal Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 2,070 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Bamboo Flooring
Kitchen
- Second Kitchen
- Oven or Range
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- Double Master Bedroom
Outdoor Features
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Additional Features
- ADU includes 1 Bedroom and 1 Bathroom
- Property is near public transit
Community Details
- No Home Owners Association
- Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 3674400207
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2021
Closed on
Jan 13, 2022
Sold by
Terry Stephen M and Terry Audrey H
Bought by
Ma Chongwei and Guo Jiao
Seller's Agent
Cory Moffett
Gateway Real Estate
Buyer's Agent
Eddy Pang
TEC Real Estate Inc.
List Price
$575,000
Sold Price
$590,000
Premium/Discount to List
$15,000
2.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,436
Avg. Annual Appreciation
3.09%
Original Mortgage
$603,570
Outstanding Balance
$561,525
Interest Rate
3.05%
Mortgage Type
VA
Estimated Equity
$96,741
Purchase Details
Listed on
Dec 3, 2021
Closed on
Jan 7, 2022
Sold by
Terry Stephen M and Terry Audrey H
Bought by
Ma Chongwei and Guo Jiao
Seller's Agent
Cory Moffett
Gateway Real Estate
Buyer's Agent
Eddy Pang
TEC Real Estate Inc.
List Price
$575,000
Sold Price
$590,000
Premium/Discount to List
$15,000
2.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,570
Outstanding Balance
$561,525
Interest Rate
3.05%
Mortgage Type
VA
Estimated Equity
$96,741
Purchase Details
Closed on
May 14, 1992
Sold by
Blanchett-Larson Susan M
Bought by
Terry Stephen M and Terry Audrey H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ma Chongwei | $590,000 | First American Title Ins Co | |
| Ma Chongwei | $590,000 | First American Title | |
| Terry Stephen M | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ma Chongwei | $603,570 | |
| Closed | Ma Chongwei | $603,570 | |
| Previous Owner | Terry Audrey H | $165,000 | |
| Previous Owner | Terry Stephen M | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/14/2022 01/14/22 | Sold | $590,000 | +2.6% | $285 / Sq Ft |
| 12/13/2021 12/13/21 | Pending | -- | -- | -- |
| 12/03/2021 12/03/21 | For Sale | $575,000 | -- | $278 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $5,960 | $597,000 | $158,000 | $439,000 |
| 2023 | $6,228 | $543,000 | $144,000 | $399,000 |
| 2022 | $5,350 | $635,000 | $154,000 | $481,000 |
| 2021 | $4,883 | $472,000 | $140,000 | $332,000 |
| 2020 | $4,637 | $404,000 | $121,000 | $283,000 |
| 2018 | $4,718 | $368,000 | $98,000 | $270,000 |
| 2017 | $4,351 | $331,000 | $98,000 | $233,000 |
| 2016 | $3,883 | $305,000 | $94,000 | $211,000 |
| 2015 | $3,349 | $260,000 | $86,000 | $174,000 |
| 2014 | -- | $229,000 | $80,000 | $149,000 |
| 2013 | -- | $193,000 | $80,000 | $113,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Eddy Pang
Buyer's Agent in 2022
Eddy Pang
TEC Real Estate Inc.
(888) 834-3973
1 in this area
22 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1869632
APN: 367440-0207
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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