NOT LISTED FOR SALE

2228 SW 342nd St Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $490,914 - $524,000

3 Beds
2 Baths
1,460 Sq Ft
$349/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $480,000 $329 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,222/month

6 Days on Market

Highlights

  • Property is near public transit
  • Territorial View
  • 1 Fireplace
  • Secluded Lot
  • Traditional Architecture
  • No HOA

About This Home

As of April 2022

Adorable 3 bedroom 2 bath rambler with room for possible 4TH BEDROOM/DEN.Spacious kitchen ABOUNDING WITH CABINET SPACE.Extra Large Family Room/Dining area perfect for those outings. LARGE LOT with fenced backyd and room to ADD EXTRA PARKING FOR RV/BOAT etc.EXCELLENT LOCATION..blocks away from shopping (Fred Meyer, Safeway, etc) and Metro Transit Park-in-Ride station just across the street.Plus you are minutes away from freeways and the new Light-Rail Station..How much better can it get!!.Home just needs some finishing touches to include new flooring and interior paint to really make it shine, but still livable in the present condition.Recent updates include newer furnace, hot water tank, and dishwasher. NO BETTER HOME FOR THE PRICE!!

Last Listed By

Dan Wolf

Skyline Properties, Inc. License #51905 Listed on: 03/24/2022

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1905766

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 1968

Lot Details

  • 9,750 Sq Ft Lot
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Garden

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,460 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Territorial Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Twin Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3306300140

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,000

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1968
  • Inclusions: Dishwasher,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1460
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 1,130

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Water Heater
  • Living Area: 1460
  • Main Level Bedrooms: 3
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1460
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Refrigerator,Stove/Range

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Off Street

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Electricity Available, Natural Gas Connected
  • HeatingCoolingType: Forced Air
  • PowerCompany: PSE
  • WaterCompany: lakehaven
  • WaterHeaterLocation: utility room
  • WaterHeaterType: gas
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3306300140
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.2238
  • Lot Size Sq Ft: 9750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Pubic Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4000

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2018
Sold by
Magnuson Capital Management Inc
Bought by
Reilly Thomas W and Reilly Michelle Mendiola
Total Days on Market
6
Current Estimated Value
$509,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Honda Harry J and Honda Charlene M
Bought by
Honda Harry J and Honda Charlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2002
Sold by
Honda Harry J and Honda Charlene M
Bought by
Honda Harry J and Honda Charlene M

Purchase Details

Closed on
Oct 11, 1983
Sold by
Household Finance Industrial L
Bought by
Honda Harry J and Honda Charlene M

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
Reilly Thomas W $415,000 Nextitle A Title & Escrow Co
Honda Harry J -- Stewart Title
Honda Harry J -- Stewart Title
Honda Harry J -- --
Honda Harry J $46,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terrazas Ashley N $364,000
Closed Reilly Thomas W $15,000
Previous Owner Honda Harry J $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $480,000 +12.9% $329 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $425,000 -- $291 / 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 $4,463 $441,000 $146,000 $295,000
2023 $4,325 $400,000 $132,000 $268,000
2022 $4,001 $435,000 $120,000 $315,000
2021 $3,082 $349,000 $96,000 $253,000
2020 $2,911 $250,000 $78,000 $172,000
2018 $2,906 $230,000 $62,000 $168,000
2017 $2,637 $201,000 $57,000 $144,000
2016 $2,559 $182,000 $52,000 $130,000
2015 $2,384 $169,000 $50,000 $119,000
2014 -- $161,000 $50,000 $111,000
2013 -- $153,000 $73,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Dan Wolf

    Seller's Agent in 2022

    Dan Wolf

    Skyline Properties, Inc.

    (253) 632-7392

    5 in this area

    18 Total Sales

    Dan Wolf
    Section Image
  • Irwan Ngadisastra

    Buyer's Agent in 2022

    Irwan Ngadisastra

    Skyline Properties, Inc

    (206) 228-1181

    1 in this area

    101 Total Sales

    Irwan Ngadisastra
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1905766

Northwest Multiple Listing Service (NWMLS)

APN: 330630-0140

Washington King County Federal Way 98023 Twin Lakes

2228 SW 342nd St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 2228 SW 342nd St, Federal Way, WA 98023 since 24 March 2022 and is currently estimated at $509,229, approximately $348 per square foot. This property was built in 1968. 2228 SW 342nd 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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