NOT LISTED FOR SALE

2020 S 304th St Federal Way, WA 98003

Steel Lake Neighborhood

Estimated Value: $372,607 - $456,000

2 Beds
1 Bath
870 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $291,750 $335 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,506/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Property is near public transit
  • 2 Car Attached Garage
  • Lake View
  • No HOA
  • 1-Story Property

About This Home

As of May 2023

Incredible potential in Federal Way! Builders, rehabbers and investors, this is your opportunity to own a 8,676 sq. ft. lot with 870 sq. ft home featuring peekaboo views of Steel Lake and Mt. Rainier! Home was damaged in a fire in the basement, but the cement foundation stands sturdy. Lot zoned RS7.2, single family w/space for ADU/DADU! Property connected to public sewer, water, electric and gas. Minutes away from I-5 and Hwy 99, easy commute to Seattle and Tacoma. Tucked away but close to everything, hundreds of restaurants, shopping and more nearby, including the upcoming Light Rail! You'll be breaking ground before you know it, building a new house and impressive equity with this wonderful property. Welcome to your new home!

Last Agent to Sell the Property

Robyn Rodriguez

Realty One Group Turn Key License #20118933 Listed on: 05/11/2023

Realty One Group Turn Key

Last Buyer's Agent

Enrique De Anda Morales

Keller Williams Realty PS License #132722

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2059164

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,243

Year Built

  • Built in 1958

Lot Details

  • 8,676 Sq Ft Lot
  • South Facing Home
  • Partially Fenced Property
  • Brush Vegetation
  • Sloped Lot
  • Garden
  • Value in Land
  • Zoning described as RS7.2

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Lake
  • Territorial
  • Limited

Home Design

  • Fixer Upper
  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 870 Sq Ft Home
  • 1-Story Property
  • Finished Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Steel Lake Subdivision

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot LOT B
  • Assessor Parcel Number 42104-9245

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,243

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1958
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: K C SHORT PLAT NO 475065
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 870
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: true
  • Special Features: None
  • Cumulative Days on Market: 737

Interior Features

  • Basement: Finished
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Water Heater
  • Living Area: 870
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 870
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Lake, Partial, Territorial
  • Lot Features: Value In Land
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Foundation Details: Block
  • Property Condition: Fixer
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven Water and Sewer District
  • WaterCompany: Lakehaven Water and Sewer District
  • WaterHeaterLocation: Basement
  • WaterHeaterType: Gas
  • CableConnected: CenturyLink
  • InternetConnected: CenturyLink

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 42104-9245
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.1992
  • Lot Size Sq Ft: 8676
  • Zoning Description: RS7.2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,RV Parking
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: LOT B

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3243
  • AdditionalTaxIds: 042104-9245

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
May 27, 2023
Sold by
Hoit Stanley A
Bought by
Garcia Alvaro Flores and De La Mora
Seller's Agent
Robyn Rodriguez
Realty One Group Turn Key
Buyer's Agent
Enrique De Anda Morales
Keller Williams Realty PS
List Price
$215,000
Sold Price
$291,750
Premium/Discount to List
$76,750
35.7%
Total Days on Market
2
Views
21
Current Estimated Value
$404,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,786
Avg. Annual Appreciation
17.56%
Original Mortgage
$275,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Garcia Alvaro Flores $291,750 Aegis Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Alvaro Flores $523,500
Closed Garcia Alvaro Flores $275,000
Previous Owner Hoit Stanley A $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $291,750 +35.7% $335 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $215,000 -- $247 / 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 $2,816 $259,000 $134,000 $125,000
2023 $2,700 $236,000 $122,000 $114,000
2022 $3,243 $365,000 $140,000 $225,000
2021 $2,965 $280,000 $128,000 $152,000
2020 $2,795 $240,000 $111,000 $129,000
2018 $2,837 $218,000 $90,000 $128,000
2017 $2,623 $196,000 $90,000 $106,000
2016 $2,268 $181,000 $86,000 $95,000
2015 $2,100 $149,000 $82,000 $67,000
2014 -- $141,000 $76,000 $65,000
2013 -- $119,000 $76,000 $43,000
Source: Public Records

Agents Affiliated with this Home

  • Robyn Rodriguez

    Seller's Agent in 2023

    Robyn Rodriguez

    Realty One Group Turn Key

    (253) 376-7128

    1 in this area

    27 Total Sales

    Robyn Rodriguez
    Section Image

  • E

    Buyer's Agent in 2023

    Enrique De Anda Morales

    Keller Williams Realty PS

    (253) 250-9004

    1 in this area

    23 Total Sales

    Enrique De Anda Morales
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2059164

Northwest Multiple Listing Service (NWMLS)

APN: 042104-9245

Washington King County Federal Way 98003 Steel Lake

2020 S 304th St, Federal Way, WA

This home is located at 2020 S 304th St, Federal Way, WA 98003 since 11 May 2023 and is currently estimated at $404,536, approximately $464 per square foot. This property was built in 1958. 2020 S 304th St 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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