Listed by AgencyOne
$260,000
SOLD FEB 28, 2024

2117 SW 318th Place Unit B Federal Way, WA 98023

Twin Lakes Neighborhood
2 Beds
1 Bath
820 Sq Ft
$343/mo HOA Fee

Recently Sold

$317 Per Sq Ft

5% Below List Price

91 Days on Market

Highlights

  • 2.34 Acre Lot
  • Secluded Lot
  • Balcony
  • Property is near public transit
  • Territorial View
  • Patio

About This Home

As of February 2024

Convenient location near SeaTac Mall, all major stores, highways I-5, 18. Laurel Hill is tucked away in quiet neighborhood. This 2 story condo has an upgraded kitchen with granite countertops and SS appliances and eating counter. Great room with Dining room, next to sliding door to the patio, and roomy Living room with cozy wood burning fireplace. Crown molding adds some elegance the entire downstairs. The open staircase leads to upstairs with 2 good sized bedrooms and a full bathroom with bathtub shower. Upgraded built-in closet in each bedroom. Stacked washer and dryer cabinet downstairs. 1 car garage (number 39)and 1 car driveway in front of garage. There is 1 guest parking spot next to garage number 40. On bus line. All appliances stay.

Last Agent to Sell the Property

Huyen Hansche

AgencyOne License #82236 Listed on: 10/24/2023

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2174425

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,423

Year Built

  • Built in 1977

Lot Details

  • Street terminates at a dead end
  • South Facing Home
  • Corner Lot

HOA Fees

  • $343 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 820 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Insulated Windows
  • Territorial Views

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

  • Baseboard Heating
  • Water Heater

Community Details

  • Association fees include common area maintenance, garbage, lawn service, road maintenance, sewer, water
  • 42 Units
  • Federal Way Subdivision
  • Park Phone (253) 874-5250 | Manager Kris O'Neal

Listing and Financial Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,423

Year Built

Built in 1977

Lot Details

0

HOA Fees

$343 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 820
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2174425?w=Consumer&agent=47621
  • Special Features: None
  • Cumulative Days on Market: 605

Interior Features

  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Ice Maker, Washer, Water Heater
  • Stories: 2
  • Bathrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • FloorNumberOfUnit: 2
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • StorageLocation: Garage
  • WindowCoverings: Insulated
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Dead End Street, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ConstructionMethods: Steel & Concrete
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common Garage, Off Street, Uncovered
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Insert
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Ice Maker,Washer
  • WaterHeaterLocation: Storage Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Park Manager Name: Kris O'Neal
  • Park Manager Phone: 253-874-5250
  • Senior Community: No
  • Association Fee: 343
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: See Remarks

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Road Maintenance, Sewer, 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: 4215400180
  • Lot Size Acres: 2.3404
  • Lot Size Sq Ft: 101949
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • MLSSquareFootageSource: Public Records

Green Features

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

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2423

Multi Family

  • Number Of Units In Community: 42
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Feb 23, 2024
Sold by
Shin Sarah E and Shin Matthew A
Bought by
Duffy Matthew A
Seller's Agent
Huyen Hansche
AgencyOne
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Views
127
Current Estimated Value
$269,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,734
Avg. Annual Appreciation
2.76%
Original Mortgage
$247,000
Outstanding Balance
$244,057
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$25,677

Purchase Details

Listed on
Oct 24, 2023
Closed on
Feb 21, 2024
Sold by
Chey John and Dang Vi Thuy
Bought by
Duffy Matthew A
Seller's Agent
Huyen Hansche
AgencyOne
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Views
127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Outstanding Balance
$244,057
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$25,677

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 17, 2018
Sold by
Choi Jeong
Bought by
Chey John and Dang Vi Thuy
Seller's Agent
Mark Hulen
Better Properties Real Estate
Buyer's Agent
Huyen Hansche
AgencyOne
List Price
$179,000
Sold Price
$187,500
Premium/Discount to List
$8,500
4.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$7,275
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 18, 2011
Sold by
Aurora Loan Services Llc
Bought by
Choi Jeong

Purchase Details

Closed on
Dec 17, 2010
Sold by
Kim Chun Pun
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 1, 2007
Sold by
Decatur Gardens Condominiums Llc
Bought by
Kim Chun Dun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,950
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2006
Sold by
Decatur Gardens Condominiums Llc
Bought by
Tran Kien H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,960
Interest Rate
4.75%
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 Type Sale Price Title Company
Quit Claim Deed $313 Rainier Title
Warranty Deed $260,000 Rainier Title
Warranty Deed $187,500 Fidelity National Title
Warranty Deed $60,000 Pinnacle Nw
Trustee Deed $76,500 None Available
Warranty Deed $192,950 Commonwealth L
Warranty Deed $154,950 Commonwealth L
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,000 New Conventional
Previous Owner $7,275 Unknown
Previous Owner $181,875 New Conventional
Previous Owner $192,950 Purchase Money Mortgage
Previous Owner $123,960 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $260,000 -2.6% $317 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/10/2024 01/10/24 Price Changed $267,000 -2.9% $326 / Sq Ft
10/24/2023 10/24/23 For Sale $275,000 +46.7% $335 / Sq Ft
09/24/2018 09/24/18 Sold $187,500 +2.7% $229 / Sq Ft
08/25/2018 08/25/18 Pending -- -- --
08/25/2018 08/25/18 Price Changed $182,500 +2.0% $223 / Sq Ft
08/15/2018 08/15/18 For Sale $179,000 -- $218 / 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 $2,852 $243,000 $31,200 $211,800
2023 $2,915 $265,000 $22,400 $242,600
2022 $2,342 $244,000 $19,900 $224,100
2021 $2,308 $205,000 $17,400 $187,600
2020 $1,961 $190,000 $17,400 $172,600
2018 $1,851 $131,000 $14,900 $116,100
2017 $1,569 $128,000 $14,900 $113,100
2016 $1,402 $108,000 $14,900 $93,100
2015 $1,014 $92,000 $14,900 $77,100
2014 -- $67,000 $12,400 $54,600
2013 -- $47,000 $12,400 $34,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2174425

Northwest Multiple Listing Service (NWMLS)

APN: 421540-0180