NOT LISTED FOR SALE

2026 SW 348th St Federal Way, WA 98023

Madrona Meadows - Fed Way Neighborhood

Estimated Value: $557,000 - $584,000

3 Beds
3 Baths
1,110 Sq Ft
$512/Sq Ft Est. Value

About This Home

This home is located at 2026 SW 348th St, Federal Way, WA 98023 and is currently estimated at $568,043, approximately $511 per square foot. 2026 SW 348th St is a home located in King County with nearby schools including Sherwood Forest Elementary School, Illahee Middle School, and Todd Beamer High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2018
Sold by
2018 3 Ih Borrower Lp
Bought by
2018 3 Ih Borrower Lp
Current Estimated Value
$568,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,383
Outstanding Balance
$1,143,270
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$568,886

Purchase Details

Closed on
Jun 19, 2015
Sold by
Ih2 Property Washington Lp
Bought by
2015-3 Ih2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,939,500
Interest Rate
3.83%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 24, 2013
Sold by
Johnson Frankie J and Johnson Annette N
Bought by
Ih2 Property Washington Lp

Purchase Details

Closed on
Sep 10, 2004
Sold by
Larry Leon and Larry Gloria
Bought by
Johnson Frankie J and Johnson Annette N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,200
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1986
Sold by
Delaney Danielle Diane
Bought by
Hagstromer Claes G
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2018 3 Ih Borrower Lp -- Os National Llc
2015-3 Ih2 Borrower Lp -- None Available
Ih2 Property Washington Lp $215,600 Fidelity Natio
Johnson Frankie J $231,500 Chicago Title
Hagstromer Claes G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2018 3 Ih Borrower Lp $1,300,383
Previous Owner 2015-3 Ih2 Borrower Lp $11,939,500
Previous Owner Johnson Frankie J $185,200
Closed Johnson Frankie J $46,300
Source: Public Records

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 $4,919 $487,000 $133,000 $354,000
2023 $4,870 $441,000 $111,000 $330,000
2022 $4,352 $476,000 $123,000 $353,000
2021 $4,029 $381,000 $108,000 $273,000
2020 $3,914 $331,000 $68,000 $263,000
2018 $3,965 $312,000 $68,000 $244,000
2017 $3,598 $277,000 $62,000 $215,000
2016 $3,490 $251,000 $57,000 $194,000
2015 $3,236 $233,000 $55,000 $178,000
2014 -- $221,000 $55,000 $166,000
2013 -- $164,000 $58,000 $106,000
Source: Public Records

Map

Washington King County Federal Way 98023 Madrona Meadows - Fed Way

2026 SW 348th St, Federal Way, WA

This home is located at 2026 SW 348th St, Federal Way, WA 98023 and is currently estimated at $568,043, approximately $511 per square foot. 2026 SW 348th St is a home located in King County with nearby schools including Sherwood Forest Elementary School, Illahee Middle School, and Todd Beamer 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.

Nearby Homes