Listed by Coldwell Banker Danforth, Bought with COMPASS
NOT LISTED FOR SALE

23520 55th Ave S Unit 16-5 Kent, WA 98032

The Lakes Neighborhood

Estimated Value: $413,000 - $434,000

2 Beds
2 Baths
1,138 Sq Ft
$370/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $435,000 $382 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,932/month

2 Days on Market

Highlights

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

About This Home

As of May 2023

Nestled in a complex of The Lakes is this top floor condo in the West Bay Development. Quality, comfort & a simpler lifestyle are what you can expect once you step into this home. Style & distinction show throughout the interior upgrades & design. New carpet, flooring, stainless steel appliances a refreshed kitchen are just some of improvements. White molding accents the tasteful designer color scheme. Light & open liv rm w/ frplc,din rm or bonus rm, guest bdrm & primary bdrm all have unobstructed view of the lake. Private 4 pc ensuite & walk in closet in the spacious primary bdrm. Generous sized guest bdrm. Walking/ bike trails for dog walks or personal exercise. Easy commute location. Minutes to all access roads & amenities.

Last Agent to Sell the Property

Helen Hendricks

Coldwell Banker Danforth License #11089 Listed on: 04/23/2023

Coldwell Banker Danforth

Last Buyer's Agent

Peng Tea

COMPASS License #22024881

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2049138

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,677

Year Built

  • Built in 1995

Lot Details

  • End Unit
  • North Facing Home
  • Corner Lot

HOA Fees

  • $306 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Off-Street Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,138 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Insulated Windows
  • Blinds
  • French Doors

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

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

Utilities

  • Baseboard Heating
  • Water Heater

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 9263700890

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, garbage, lawn service, sewer, water
  • 150 Units
  • Anna Farley Association
  • Secondary HOA Phone (425) 747-5900
  • West Bay At The Lakes Condos
  • The Lakes Subdivision
  • Park Phone (425) 747-5900 | Manager MacPhersons Property

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

  • Community Playground
  • Fitness Center
  • Trails

Pet Policy

  • Call for details about the types of pets allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,677

Year Built

Built in 1995

Lot Details

0

HOA Fees

$306 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 1995
  • Inclusions: Dishwasher,Dryer,Microwave,Refrigerator,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Townhouse
  • Building Name: West Bay at The Lakes
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1138
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 14
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,French Doors,Insulated Windows,Primary Bath,Top Floor,Walk-in Closet
  • Special Features: None
  • Cumulative Days on Market: 827

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Lower
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 2
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 2
  • AppliancesIncluded: Dishwasher,Dryer,Microwave,Refrigerator,Stove/Range,Washer
  • FireplacesLower: 0
  • StorageLocation: Garage
  • WindowCoverings: Blinds
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit
  • BusRouteNumber: 165

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Individual Garage, Off Street
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Club House, Exercise Room, Game/Rec Rm, Playground, Sauna, Trail(s)
  • Park Manager Name: MacPhersons Property
  • Park Manager Phone: 425-747-5900
  • Senior Community: No
  • Association Fee: 306
  • Association Fee Frequency: Monthly
  • Phone: 425-747-5900
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • AssociationContactName: Anna Farley
  • CommonPropertyFeatures: Club Houses,Exercise Room,Game/Rec Rm,Playground,Sauna,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Garbage, Lawn Service, Sewer, Water
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Kent
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9263700890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: County Records

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3677

Multi Family

  • Number Of Units In Community: 150
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2023
Closed on
May 24, 2023
Sold by
Russo Bette Jean
Bought by
Reznikov Antonina
Seller's Agent
Helen Hendricks
Coldwell Banker Danforth
Buyer's Agent
Peng Tea
COMPASS
List Price
$424,500
Sold Price
$435,000
Premium/Discount to List
$10,500
2.47%
Views
27
Current Estimated Value
$421,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,520
Avg. Annual Appreciation
-1.38%
Original Mortgage
$391,500
Outstanding Balance
$381,224
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$40,256

Purchase Details

Closed on
Apr 9, 2008
Sold by
Verity Cu
Bought by
Russo Bette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.99%

Purchase Details

Closed on
Dec 11, 2007
Sold by
Siderius Michael
Bought by
Verity Cu

Purchase Details

Closed on
Mar 2, 2006
Sold by
Petros Simon and Ambaye Feben
Bought by
Rogers Thomas S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,150
Interest Rate
6.04%

Purchase Details

Closed on
Jun 2, 1999
Sold by
Otstott James B and Otstott Ginger L
Bought by
Petros Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,250
Interest Rate
6.84%

Purchase Details

Closed on
May 22, 1997
Sold by
Otstott Colleen T
Bought by
Otstott James B

Purchase Details

Closed on
Jun 5, 1996
Sold by
West Bay Llc
Bought by
Otstott James B and Otstott Colleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,309
Interest Rate
8.01%
Source: Public Records

Range of Values:

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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
Reznikov Antonina $435,000 First American Title Insurance
Russo Bette J $235,000 Stewart Title
Verity Cu $234,683 None Available
Rogers Thomas S $213,950 Ticor National
Petros Simon $132,900 Commonwealth Land Title Ins
Otstott James B -- Transnation Title Insurance
Otstott James B $115,990 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reznikov Antonina $391,500
Previous Owner Russo Bette J $25,000
Previous Owner Russo Bette Jean $220,000
Previous Owner Russo Bette J $188,000
Previous Owner Rogers Thomas S $13,700
Previous Owner Rogers Thomas S $171,150
Previous Owner Petros Simon $126,250
Previous Owner Otstott James B $118,309
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $435,000 +2.5% $382 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/23/2023 04/23/23 For Sale $424,500 -- $373 / 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 $3,997 $388,000 $28,400 $359,600
2023 $3,678 $397,000 $27,000 $370,000
2022 $3,393 $345,000 $27,000 $318,000
2021 $3,353 $284,000 $25,700 $258,300
2020 $3,268 $268,000 $25,700 $242,300
2018 $3,087 $240,000 $21,600 $218,400
2017 $2,580 $234,000 $21,600 $212,400
2016 $2,089 $198,000 $21,600 $176,400
2015 $1,905 $150,000 $21,600 $128,400
2014 -- $133,000 $21,600 $111,400
2013 -- $102,000 $22,700 $79,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2049138

Northwest Multiple Listing Service (NWMLS)

APN: 926370-0890