Seller's Agent in 2019
Charles Burnett
Real Broker LLC
(206) 926-3701
62 Total Sales
Listed by Real Broker LLC, Bought with Best Choice Realty LLC
2237 S 333rd St Unit A-D Federal Way, WA 98003
Kitts Corner NeighborhoodEstimated Value: $997,000 - $1,249,000
--
Bed
--
Bath
3,328
Sq Ft
$332/Sq Ft
Est. Value
Highlights
- 0.65 Acre Lot
- Thermal Windows
- Open Space
- Deck
- Patio
- Partially Fenced Property
About This Home
As of February 2019FOURPLEX. 7% current cap rate; easily get to 8% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to fwy access & amenities.
Last Agent to Sell the Property
Real Broker LLC License #50261 Listed on: 11/29/2018
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1390122
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,076
Year Built
- Built in 1985
Lot Details
- 0.65 Acre Lot
- Open Space
- Partially Fenced Property
- Property is in average condition
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 3,328 Sq Ft Home
- 2-Story Property
- Thermal Windows
Flooring
- Wall to Wall Carpet
- Laminate
- Vinyl
Parking
- 8 Parking Spaces
- Open Parking
Outdoor Features
- Deck
- Patio
Community Details
- Four Plex Condos
- Federal Way Subdivision
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 7978200184
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 29, 2018
Closed on
Feb 5, 2019
Sold by
Jo & Jo Llc
Bought by
Marada Sunil Kumar and Mokkapati Harisha
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Sridhar Devineni
Best Choice Realty LLC
List Price
$675,000
Sold Price
$635,000
Premium/Discount to List
-$40,000
-5.93%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,535
Avg. Annual Appreciation
8.58%
Original Mortgage
$472,500
Outstanding Balance
$415,412
Interest Rate
4.5%
Estimated Equity
$688,123
Purchase Details
Closed on
May 16, 2015
Sold by
Olano James E and Olano Judith W
Bought by
Jo & Jo Llc
Purchase Details
Closed on
Feb 6, 2015
Sold by
Jo & Jo Llc
Bought by
Olano John E and Olano Judith W
Purchase Details
Closed on
May 1, 2010
Sold by
Olano John E and Olano Judith W
Bought by
Jo & Jo Llc
Purchase Details
Closed on
Jan 11, 2010
Sold by
Mahan Guy and Mahan Susan M
Bought by
Olano John E and Olano Judith W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,250
Interest Rate
4.78%
Purchase Details
Closed on
Mar 14, 2008
Sold by
Mahan Guy and Mahan Susan
Bought by
City Of Federal Way
Purchase Details
Closed on
Jan 28, 2003
Sold by
Imai Hiroshi and Imai Mariko
Bought by
Mahan Guy and Mahan Susan M
Purchase Details
Closed on
Dec 5, 1991
Sold by
Leetch Steven J
Bought by
Imai Hiroshi and Imai Mariko
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marada Sunil Kumar | $630,000 | Fidelity National Title | |
| Jo & Jo Llc | -- | None Available | |
| Olano John E | -- | Accommodation | |
| Jo & Jo Llc | -- | None Available | |
| Olano John E | $447,000 | Stewart Title | |
| City Of Federal Way | -- | None Available | |
| Mahan Guy | $125,000 | Old Republic T | |
| Imai Hiroshi | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Marada Sunil Kumar | $472,500 | |
| Previous Owner | Olano John E | $335,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2019 02/08/19 | Sold | $635,000 | -2.3% | $191 / Sq Ft |
| 01/01/2019 01/01/19 | Pending | -- | -- | -- |
| 12/17/2018 12/17/18 | Price Changed | $650,000 | -3.7% | $195 / Sq Ft |
| 11/29/2018 11/29/18 | For Sale | $675,000 | -- | $203 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $10,066 | $952,000 | $353,300 | $598,700 |
| 2023 | $8,106 | $871,000 | $254,400 | $616,600 |
| 2022 | $7,749 | $823,000 | $226,100 | $596,900 |
| 2021 | $7,591 | $683,000 | $197,800 | $485,200 |
| 2020 | $6,553 | $629,000 | $197,800 | $431,200 |
| 2018 | $6,076 | $480,000 | $155,400 | $324,600 |
| 2017 | $5,972 | $425,000 | $141,300 | $283,700 |
| 2016 | $6,359 | $418,000 | $141,300 | $276,700 |
| 2015 | -- | $427,000 | $141,300 | $285,700 |
| 2014 | -- | $368,000 | $141,300 | $226,700 |
| 2013 | -- | $378,000 | $141,300 | $236,700 |
Source: Public Records
Agents Affiliated with this Home
-
Charles Burnett
-
Sridhar Devineni
Buyer's Agent in 2019
Sridhar Devineni
Best Choice Realty Brokerage
(503) 333-9884
107 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1390122
APN: 797820-0184
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Based on information submitted to the MLS GRID
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