NOT LISTED FOR SALE

2366 SW 342nd St Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $522,000 - $564,953

4 Beds
1 Bath
1,390 Sq Ft
$387/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $515,000 $371 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,410/month

4 Days on Market

Highlights

  • RV Access or Parking
  • 1 Fireplace
  • Patio
  • Deck
  • Cul-De-Sac
  • Ceramic Tile Flooring

About This Home

As of November 2021

Fully updated and move in ready home on a dead end street. This home has been meticulously maintained. On one side of the home you'll find three bedrooms and a full bathroom. On the other side is the master bedroom and three quarter bath. In the center and heart of the home you'll find the living room with a gas fireplace, the family room with a separate entrance, and the kitchen. Quartz counters, updated cabinets, stainless appliances and a center island fill this space. Double glass doors lead out of the kitchen to the large composite deck and brick patio. Terraced landscaping provides privacy and is beautiful. To the left of the fully fenced back yard you'll find two storage sheds with power and space for a 36 foot RV. Sprinkler system

Last Listed By

Nicole Elliott

Windermere Prof Partners License #117095 Listed on: 09/22/2021

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1842107

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,770

Year Built

  • Built in 1968

Lot Details

  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Terraced Lot
  • Sprinkler System
  • Garden

Parking

  • RV Access or Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Septic System
  • Cable TV Available

Community Details

  • Federal Way Community

Listing and Financial Details

  • Assessor Parcel Number 3306300480

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,770

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, French Doors, Security System
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 4
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 4
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1390
  • Square Footage Finished: 1390

Exterior Features

  • Exterior: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: K

Utilities

  • Heating And Cooling: Wall, Tankless Water Heater
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 4
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Lakehaven
  • Water Heater: Closet in kitchen-Tankless Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Federal Way

Schools

  • School District: FED

Lot Info

  • Lot Details: Cul-De-Sac, Dead End Street, Paved Street
  • Lot Sq Ft: 10600
  • Lot Topography Vegetation: Garden Space, Terraces
  • Parcel Number: 3306300480
  • Lot Topography: Garden Space, Terraces

Tax Info

  • Tax Amount: 3070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2021
Closed on
Nov 8, 2021
Sold by
Reichel Gayle A and Reichel Steven H
Bought by
Obrero Mark Anthony S and Obrero Maria Christina
Seller's Agent
Nicole Elliott
Windermere Prof Partners
Buyer's Agent
Teddy Lim
eXp Realty
List Price
$475,000
Sold Price
$515,000
Premium/Discount to List
$40,000
8.42%
Total Days on Market
4
Current Estimated Value
$538,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,238
Avg. Annual Appreciation
1.26%
Original Mortgage
$505,672
Outstanding Balance
$468,314
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$69,924

Purchase Details

Closed on
Aug 28, 2020
Sold by
Conway Larry D and Conway Wendy L
Bought by
Reichel Gayle A and Reichel Steven H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,298
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2006
Sold by
Towner Heidi D
Bought by
Calibre Homes Inc

Purchase Details

Closed on
Jun 20, 2006
Sold by
Conway Larry
Bought by
Conway Larry D and Conway Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 1999
Sold by
Haima John R and Haima Marilyn A
Bought by
Conway Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.68%

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
Obrero Mark Anthony S $515,000 Fidelity National Title
Reichel Gayle A $370,000 None Available
Calibre Homes Inc $2,266,188 Transnation Ti
Conway Larry D -- The Talon Grou
Conway Larry $103,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrero Mark Anthony S $505,672
Closed Obrero Mark Anthony S $20,226
Previous Owner Reichel Gayle A $363,298
Previous Owner Conway Larry D $208,000
Previous Owner Conway Larry $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $515,000 +8.4% $371 / Sq Ft
09/26/2021 09/26/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $475,000 -- $342 / 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 $4,770 $475,000 $146,000 $329,000
2023 $4,629 $430,000 $132,000 $298,000
2022 $4,044 $467,000 $120,000 $347,000
2021 $3,070 $353,000 $96,000 $257,000
2020 $2,899 $249,000 $78,000 $171,000
2018 $2,892 $229,000 $62,000 $167,000
2017 $2,623 $200,000 $57,000 $143,000
2016 $2,545 $181,000 $52,000 $129,000
2015 $2,370 $168,000 $50,000 $118,000
2014 -- $160,000 $50,000 $110,000
2013 -- $143,000 $73,000 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Nicole Elliott

    Seller's Agent in 2021

    Nicole Elliott

    Windermere Corporate

    (253) 640-5177

    2 in this area

    122 Total Sales

    Nicole Elliott
    Section Image
  • Dustin Elliott

    Seller Co-Listing Agent in 2021

    Dustin Elliott

    Windermere Corporate

    (253) 312-4057

    2 in this area

    102 Total Sales

    Dustin Elliott
    Section Image
  • Teddy Lim

    Buyer's Agent in 2021

    Teddy Lim

    eXp Realty

    (206) 899-6396

    2 in this area

    62 Total Sales

    Teddy Lim
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1842107

Northwest Multiple Listing Service (NWMLS)

APN: 330630-0480

Washington King County Federal Way 98023 Twin Lakes

2366 SW 342nd St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 2366 SW 342nd St, Federal Way, WA 98023 since 22 September 2021 and is currently estimated at $538,238, approximately $387 per square foot. This property was built in 1968. 2366 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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