NOT LISTED FOR SALE

2221 SW 331st St Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $447,000 - $480,000

3 Beds
2 Baths
970 Sq Ft
$479/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $285,000 $294 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,965/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • 1 Fireplace
  • Fruit Trees
  • Contemporary Architecture
  • Corner Lot

About This Home

As of January 2018

Affordable living close to town in heart of Federal Way. Adorable well kept rambler with 2 car attached garage with extra storage. Wood burning fireplace, fully fence huge back yard. Roof approx 8 years old, updated kitchen with newer cabinets and appliances newer laminate wood floors throughout the home. No carpet. Newer high grade vinyl installed in kitchen, newer interior paint. Nice landscaped front yard, newer covered front porch deck. French doors off dining room out to covered back patio

Last Listed By

Stephanie Herrmann

Better Properties Soundview License #22350 Listed on: 12/08/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1224827

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 1967

Lot Details

  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Fruit Trees
  • Garden

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Additional Features

  • 1 Fireplace
  • Cable TV Available

Community Details

  • Federal Way Community

Listing and Financial Details

  • Assessor Parcel Number 8945000490

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,406

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dining Room, French Doors
  • Floor Covering: Laminate, Vinyl
  • Appliances That Stay: Dishwasher, Range/Oven, Refrigerator
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 1.50
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 970
  • Square Footage Finished: 970

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: LakeHaven
  • Water Company: LakeHaven
  • Water Heater: garage-electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Federal Way

Schools

  • Elementary School: Olympic View Elem
  • Middle School: Saghalie Jnr High
  • High School: Buyer To Verify
  • School District: FED

Lot Info

  • Lot Details: Corner Lot, Paved Street
  • Lot Sq Ft: 9700
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Partial Slope
  • Parcel Number: 8945000490
  • Zoning Code: residential
  • Lot Topography: Fruit Trees, Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 2721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2017
Closed on
Jan 9, 2018
Sold by
West Richard J
Bought by
Behera Sasmita and Behera Sambit
Seller's Agent
Stephanie Herrmann
Better Properties Soundview
Buyer's Agent
Chris Toppen
North Pacific Properties
List Price
$288,000
Sold Price
$285,000
Premium/Discount to List
-$3,000
-1.04%
Total Days on Market
2
Current Estimated Value
$464,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,220
Avg. Annual Appreciation
6.66%
Original Mortgage
$242,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2012
Sold by
West Richard J and West Moniegyn
Bought by
West Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,065
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 26, 2001
Sold by
West Angelina M
Bought by
West Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,100
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2001
Sold by
Monterey Llc
Bought by
Gregory Jerry M and Gregory Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
7.24%

Purchase Details

Closed on
Nov 11, 1999
Sold by
Brown Keith and Brown Holly
Bought by
Monterey Llc

Purchase Details

Closed on
Sep 23, 1998
Sold by
Elhard Michael A
Bought by
Brown Keith E and Brown Holly L

Range of Values:

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Average Value
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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
Behera Sasmita $285,000 Fidelity National Title
West Richard J -- Lsi Title Company
West Richard J -- Chicago Title Insurance Co
West Richard J $159,950 Chicago Title Insurance Co
Gregory Jerry M $133,000 Old Republic Title Ltd
Monterey Llc -- Chicago Title Insurance Co
Brown Keith E $89,640 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Behera Sanbit $230,344
Closed Behera Sasmita $242,250
Previous Owner West Richard J $122,065
Previous Owner West Richard J $51,000
Previous Owner West Richard J $142,100
Previous Owner Gregory Jerry M $119,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2018 01/11/18 Sold $285,000 -1.0% $294 / Sq Ft
12/11/2017 12/11/17 Pending -- -- --
12/08/2017 12/08/17 For Sale $288,000 -- $297 / 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 $4,406 $435,000 $146,000 $289,000
2023 $4,258 $394,000 $132,000 $262,000
2022 $3,946 $428,000 $120,000 $308,000
2021 $3,175 $344,000 $96,000 $248,000
2020 $3,004 $258,000 $78,000 $180,000
2018 $3,004 $238,000 $62,000 $176,000
2017 $2,721 $208,000 $57,000 $151,000
2016 $2,646 $188,000 $52,000 $136,000
2015 $2,455 $175,000 $50,000 $125,000
2014 -- $166,000 $50,000 $116,000
2013 -- $142,000 $57,000 $85,000
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Herrmann

    Seller's Agent in 2018

    Stephanie Herrmann

    Better Properties Soundview

    (253) 332-2101

    5 in this area

    184 Total Sales

    Stephanie Herrmann
    Section Image
  • Chris Toppen

    Buyer's Agent in 2018

    Chris Toppen

    North Pacific Propertiese

    (425) 765-7888

    11 Total Sales

    Chris Toppen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1224827

Northwest Multiple Listing Service (NWMLS)

APN: 894500-0490

Washington King County Federal Way 98023 Twin Lakes

2221 SW 331st St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 2221 SW 331st St, Federal Way, WA 98023 since 08 December 2017 and is currently estimated at $464,220, approximately $478 per square foot. This property was built in 1967. 2221 SW 331st St is a home located in King County with nearby schools including Olympic View Elementary School, Saghalie Middle School, and Decatur 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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