Listed by Billahome, Bought with Champions Real Estate
$398,000
SOLD OCT 22, 2024
3 Beds
2.5 Baths
1,090 Sq Ft
$353/mo HOA Fee

Recently Sold

$365 Per Sq Ft

5% Below List Price

54 Days on Market

Highlights

  • Property is near public transit
  • End Unit
  • Balcony
  • Territorial View
  • Sport Court
  • Walk-In Closet

About This Home

As of October 2024

Newly updated Forest Lane end unit Condo ready for you to move in. Main floor features a kitchen with new cabinet/countertop/dish washer/microwave, powder room, dining area, Great room and patio with storage. Upstairs you will find a spacious master bedroom, two additional bedrooms, and a full bath (all bathrooms have been updated). New flooring throughout the unit. Easy access to major freeways and shopping stores.

Last Agent to Sell the Property

Hyun Chung

Billahome License #63880 Listed on: 08/02/2024

Co-Listed By

Jackson Liu

Billahome License #74630

Last Buyer's Agent

Grace Wamwere

Champions Real Estate License #130163

Champions Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2273628

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,939

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • Northeast Facing Home

HOA Fees

  • $353 Monthly HOA Fees

Parking

  • Carport

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,090 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Insulated Windows
  • Vinyl Plank Flooring
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

  • Forced Air Cooling System
  • Baseboard Heating
  • Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, road maintenance, sewer, snow removal, water
  • 90 Units
  • Morris Management Inc Association
  • Secondary HOA Phone (866) 341-9568
  • Forest Lane Condos
  • Federal Way Subdivision
  • Park Phone (866) 341-9568 | Manager Morris Management Inc

Recreation

  • Sport Court
  • Trails

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,939

Year Built

Built in 1990

Lot Details

0

HOA Fees

$353 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Forest Lane
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1090
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Primary Bath,Walk-in Closet
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2273628?w=Consumer&agent=63880
  • Special Features: None
  • Cumulative Days on Market: 333

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank
  • Interior Amenities: Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Fireplace, Washer, Water Heater
  • Main Level Bathrooms: 1
  • Stories: 2
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • FloorNumberOfUnit: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: Northeast
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: Yes
  • Parking Features: Carport

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Main
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Athletic Court, High Speed Int Avail, Trail(s)
  • Park Manager Name: Morris Management Inc
  • Park Manager Phone: 866-341-9568
  • Senior Community: No
  • Association Fee: 353
  • Association Fee Frequency: Monthly
  • Phone: 866-341-9568
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • Common Interest: Condominium
  • AssociationContactName: Morris Management Inc
  • CommonPropertyFeatures: Athletic Court,High Speed Int Avail,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Road Maintenance, Sewer, Snow Removal, Water
  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 2596200570
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Wood

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3939

Multi Family

  • Number Of Units In Community: 90
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Oct 3, 2024
Sold by
Hwang Mi Soon
Bought by
Kanuri Agnes Peter and Wangare Yvonne
Seller's Agent
Hyun Chung
Billahome
Buyer's Agent
Grace Wamwere
Champions Real Estate
List Price
$419,000
Sold Price
$398,000
Premium/Discount to List
-$21,000
-5.01%
Views
23
Current Estimated Value
$394,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,691
Avg. Annual Appreciation
-5.38%
Original Mortgage
$386,060
Outstanding Balance
$383,875
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$2,046

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 2, 2015
Sold by
Patel Samir T
Bought by
Hwang Mi Soon
Seller's Agent
Dan Neary
eXp Realty
Buyer's Agent
Hyun Chung
Billahome
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%

Purchase Details

Listed on
Mar 13, 2015
Closed on
Feb 12, 2015
Sold by
Hank & Willie Llc
Bought by
Pate Samir T and Millenium Investment Group
Seller's Agent
Dan Neary
eXp Realty
Buyer's Agent
Hyun Chung
Billahome
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%

Purchase Details

Closed on
Nov 12, 2013
Sold by
Kyles Rice Simone and Rice Tony M
Bought by
Forest Lane Homeowners Association

Purchase Details

Closed on
Feb 4, 2013
Sold by
Kyles Rice Simone and Rice Tony M
Bought by
Hank & Willie Llc

Purchase Details

Closed on
Jul 12, 2012
Sold by
Kyles Rice Simone and Rice Tony M
Bought by
Forest Lane Homeowners Assocition

Purchase Details

Closed on
Feb 12, 2002
Sold by
Rice Tony M
Bought by
Kyles Rice Simone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,182
Interest Rate
7.13%

Purchase Details

Closed on
Aug 29, 1997
Sold by
Hall Charles Allan and Hall Charles A
Bought by
Geronimo Teodoro B and Geronimo Vinda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,900
Interest Rate
7.31%

Purchase Details

Closed on
Jan 7, 1993
Sold by
Polygon Apt Ptns
Bought by
Gillard Inc

Purchase Details

Closed on
Sep 3, 1992
Sold by
Polygon Apartment Partners
Bought by
Hall Charles A
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 Type Sale Price Title Company
Warranty Deed $398,000 Fidelity National Title
Warranty Deed $130,000 Chicago Title
Warranty Deed -- None Available
Warranty Deed $22,730 None Available
Warranty Deed $2,000 None Available
Warranty Deed -- None Available
Warranty Deed -- Pacific Northwest Title
Warranty Deed $133,000 Pacific Northwest Title
Warranty Deed $89,900 Chicago Title Ins Co
Warranty Deed $1,000,000 --
Warranty Deed $79,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $386,060 New Conventional
Previous Owner $115,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $140,000 Fannie Mae Freddie Mac
Previous Owner $35,000 Credit Line Revolving
Previous Owner $129,182 No Value Available
Previous Owner $80,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2024 10/22/24 Sold $398,000 0.0% $365 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $398,000 -2.7% $365 / Sq Ft
09/13/2024 09/13/24 Price Changed $409,000 -2.4% $375 / Sq Ft
08/02/2024 08/02/24 For Sale $419,000 +222.3% $384 / Sq Ft
04/06/2015 04/06/15 Sold $130,000 -13.3% $119 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/14/2015 03/14/15 For Sale $149,900 -- $138 / 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 $3,718 $332,000 $30,700 $301,300
2023 $3,939 $364,000 $23,200 $340,800
2022 $2,882 $317,000 $22,300 $294,700
2021 $2,851 $256,000 $18,600 $237,400
2020 $2,659 $238,000 $18,600 $219,400
2018 $2,551 $183,000 $18,600 $164,400
2017 $1,713 $180,000 $14,900 $165,100
2016 $1,583 $120,000 $14,900 $105,100
2015 $1,303 $106,000 $14,900 $91,100
2014 -- $89,000 $14,900 $74,100
2013 -- $67,000 $14,900 $52,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2273628

Northwest Multiple Listing Service (NWMLS)

APN: 259620-0570