NOT LISTED FOR SALE

23505 55th Ave S Unit 15-3 Kent, WA 98032

The Lakes Neighborhood

Estimated Value: $313,000 - $381,000

1 Bed
1 Bath
800 Sq Ft
$280/mo HOA Fee

Last Sold August 29, 2022

Last sale price $300,000 $375 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,434/month

10 Days on Market

Highlights

  • Fitness Center
  • Lake View
  • Property is near public transit
  • Unit is on the top floor
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of August 2022

West Bay at the Lakes offers this wonderful one-bed, one-bath unit spruced up and waiting for you and one of the most affordable condos in the complex. This charming condo has new interior paint, new appliances, and new carpet. The deck off the kitchen has a peek-a-boo view of the Lake. The attached 1-car garage has ample space for storage. Tall ceilings with excellent natural light illuminate the unit, and it has a stunning wood-burning fireplace. The kitchen/dining and living room offer an open floor concept. West Bay offers a clubhouse with an exercise room, sauna, walking trails, guest parking, and low HOA Dues. Quiet and serene location yet close and convenient to SeaTac Airport, Kent Station, shopping, and restaurants.

Last Listed By

Stephanie Herrmann

Better Properties Soundview License #22350 Listed on: 07/17/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1969907

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,790

Year Built

  • Built in 1995

Lot Details

  • 10

HOA Fees

  • $280 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 800 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Insulated Windows
  • Lake Views
  • Alarm System

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit

Schools

  • Neely O Brien Elementary School
  • Mill Creek Mid Sch Middle School
  • Kent-Meridian High School

Additional Features

  • North Facing Home
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9263700810

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, lawn service, road maintenance, sewer, water
  • 150 Units
  • West Bay At The Lakes Association
  • Secondary HOA Phone (425) 747-5900
  • West Bay At Lakes Condos
  • Kent Subdivision
  • Park Phone (425) 747-5900 | Manager Teresa May

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Fitness Center
  • Trails

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,790

Year Built

Built in 1995

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 1995
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: West Bay At Lakes
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 800
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 15
  • UnitFeatures: Alarm System,Balcony/Deck/Patio,Insulated Windows,Top Floor,Vaulted Ceilings,Walk-in Closet
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,014

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Upper
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Stories: 2
  • Bathrooms: 1
  • BathsFullMain: 0
  • FireplacesMain: 1
  • 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: 1
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Stove/Range
  • StorageLocation: garage

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Individual Garage
  • ParkingSpaceNumbers: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating Yn: Yes
  • Utilities: Electricity Available, Wood, Common Area Maintenance, Road Maintenance
  • HeatingCoolingType: Baseboard
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Club House, Exercise Room, Fire Sprinklers, Outside Entry, Sauna, Trail(s)
  • Park Manager Name: Teresa May
  • Park Manager Phone: 425-747-5900
  • Senior Community: No
  • Association Fee: 280
  • Association Fee Frequency: Monthly
  • Phone: 425-747-5900
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • Common Interest: Condominium
  • AssociationContactName: West Bay at the Lakes
  • CommonPropertyFeatures: Club Houses,Exercise Room,Fire Sprinklers,Outside Entry,Sauna,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Lawn Service, Road Maintenance, Sewer, Water

Schools

  • Junior High Dist: Kent
  • High School: Kent-Meridian High
  • Middle Or Junior School: Mill Creek Mid Sch

Lot Info

  • Parcel Number: 9263700810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: 800

Green Features

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2790

Multi Family

  • Number Of Units In Community: 150
  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Neely O Brien Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2022
Closed on
Aug 19, 2022
Sold by
Kimberlee Brown
Bought by
Luster Laniece
Seller's Agent
Stephanie Herrmann
Better Properties Soundview
Buyer's Agent
Barbara Prescott
Goldhouse Realty
List Price
$299,999
Sold Price
$300,000
Premium/Discount to List
$1
0.0%
Total Days on Market
10
Current Estimated Value
$336,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,680
Avg. Annual Appreciation
2.37%
Original Mortgage
$285,000
Outstanding Balance
$275,010
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$44,923

Purchase Details

Closed on
Oct 23, 2007
Sold by
Keegan Derrell M
Bought by
Hill Brett A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.27%

Purchase Details

Closed on
Feb 10, 2006
Sold by
Shipley Deborah L
Bought by
Keegan Derrell M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,999
Interest Rate
6.95%

Purchase Details

Closed on
May 21, 2002
Sold by
Johnson Garth
Bought by
Shipley Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,730
Interest Rate
6.89%

Purchase Details

Closed on
Nov 13, 1996
Sold by
West Bay Llc
Bought by
Johnson Garth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,790
Interest Rate
8.06%

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
Luster Laniece $300,000 Fidelity National Title
Hill Brett A $181,250 Ticor National
Keegan Derrell M $144,499 Rainier Title
Shipley Deborah L $109,000 Lawyers Title Agency
Johnson Garth S $83,990 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luster Laniece $285,000
Previous Owner Hill Brett A $145,000
Previous Owner Keegan Derrell M $115,999
Previous Owner Shipley Deborah L $105,730
Previous Owner Johnson Garth S $79,790
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Sold $300,000 0.0% $375 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/17/2022 07/17/22 For Sale $299,999 -- $375 / 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 $3,227 $312,000 $28,400 $283,600
2023 $3,034 $326,000 $27,000 $299,000
2022 $2,790 $284,000 $27,000 $257,000
2021 $2,734 $233,000 $25,700 $207,300
2020 $2,638 $218,000 $25,700 $192,300
2018 $2,402 $190,000 $21,600 $168,400
2017 $1,994 $181,000 $21,600 $159,400
2016 $1,601 $152,000 $21,600 $130,400
2015 $1,447 $114,000 $21,600 $92,400
2014 -- $100,000 $21,600 $78,400
2013 -- $81,000 $22,700 $58,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1969907

Northwest Multiple Listing Service (NWMLS)

APN: 926370-0810