NOT LISTED FOR SALE

2123 SW 318th Place Unit 1A Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $260,344 - $383,000

2 Beds
1 Bath
940 Sq Ft
$312/Sq Ft Est. Value

About This Home

This home is located at 2123 SW 318th Place Unit 1A, Federal Way, WA 98023 and is currently estimated at $292,836, approximately $311 per square foot. 2123 SW 318th Place Unit 1A is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2017
Sold by
Yun Michael S
Bought by
Yang Myongae
Current Estimated Value
$292,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Outstanding Balance
$40,892
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$251,944

Purchase Details

Closed on
Jun 11, 2015
Sold by
Lee Shung Hi and Kwon Chungsook
Bought by
Lee Sanghyun and Kim Misook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2011
Sold by
Fannie Mae
Bought by
Lee Shung Hi

Purchase Details

Closed on
Jun 17, 2011
Sold by
Thompson Mark J and Thompson Karen M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 5, 2007
Sold by
Decatur Gardens Condominiums Llc
Bought by
Thompson Mark J and Thompson Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,950
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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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.

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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.

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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
Yang Myongae -- First American Title Ins Co
Yang Myongae $80,000 First American Title Ins Co
Lee Sanghyun $90,000 Cw Title Co
Lee Shung Hi $54,000 Chicago Title
Federal National Mortgage Association $173,195 None Available
Thompson Mark J $189,950 Commonwealth L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Myongae $48,000
Previous Owner Lee Sanghyun $72,000
Previous Owner Thompson Mark J $189,950
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 $3,016 $257,000 $35,800 $221,200
2023 $2,613 $285,000 $25,700 $259,300
2022 $2,518 $264,000 $22,900 $241,100
2021 $2,472 $221,000 $20,000 $201,000
2020 $2,125 $204,000 $20,000 $184,000
2018 $2,032 $144,000 $17,100 $126,900
2017 $1,695 $141,000 $17,100 $123,900
2016 $1,548 $117,000 $17,100 $99,900
2015 -- $102,000 $17,100 $84,900
2014 -- $73,000 $14,300 $58,700
2013 -- $52,000 $14,300 $37,700
Source: Public Records

Map

Washington King County Federal Way 98023 Twin Lakes

2123 SW 318th Place Unit 1A, Federal Way, WA

Not Listed for Sale

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