2511 SW 347th St Federal Way, WA 98023
Twin Lakes NeighborhoodEstimated payment $4,939/month
Highlights
- 3.81 Acre Lot
- No HOA
- Senior Tax Exemptions
About This Lot
Attention developers and investors! First time on the market and so much potential. The layout and style of this home is unlike any home in the area. The exterior welcomes you with arched windows and wrought iron grills, stucco and a tile roof emanating a Spanish feel. You will be amazed at the storage in this home! Upon entering, you'll find a sunken living room with a gorgeous brick fireplace. Up a couple of steps, you'll find the kitchen with eat-in space and dining room. Down a couple of steps is the finished basement area with a half-bath plus more! Upon entering and going up a few steps, you'll find 3 bedrooms and a full bath as well as the primary suite. Lot size is 3.8 acres and zoned RS7.2 with the potential to be subdivided.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2328893
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,051
Year Built
- 1975
Lot Details
- 3.81 Acre Lot
- Street terminates at a dead end
Schools
- Sherwood Forest Elementary School
- Illahee Jnr High Middle School
- Todd Beamer High School
Utilities
- Septic Design Installed
- Sewer Not Available
Community Details
- No Home Owners Association
- Twin Lakes Subdivision
Listing and Financial Details
- Senior Tax Exemptions
- Assessor Parcel Number 2421039039
Map
Home Values in the Area
Average Home Value in this Area
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 | $993 | $686,000 | $439,000 | $247,000 |
| 2023 | $1,051 | $559,000 | $396,000 | $163,000 |
| 2022 | $5,516 | $607,000 | $360,000 | $247,000 |
| 2021 | $5,937 | $487,000 | $287,000 | $200,000 |
| 2020 | $5,641 | $494,000 | $277,000 | $217,000 |
| 2018 | $5,625 | $454,000 | $220,000 | $234,000 |
| 2017 | $5,090 | $396,000 | $200,000 | $196,000 |
| 2016 | $4,946 | $358,000 | $182,000 | $176,000 |
| 2015 | $4,585 | $333,000 | $174,000 | $159,000 |
| 2014 | -- | $316,000 | $174,000 | $142,000 |
| 2013 | -- | $208,000 | $108,000 | $100,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2025 04/26/25 | Price Changed | $875,000 | 0.0% | $344 / Sq Ft |
| 04/26/2025 04/26/25 | Price Changed | $875,000 | -7.9% | -- |
| 04/07/2025 04/07/25 | For Sale | $950,000 | 0.0% | -- |
| 04/02/2025 04/02/25 | For Sale | $950,000 | 0.0% | $374 / Sq Ft |
| 03/31/2025 03/31/25 | Off Market | $950,000 | -- | -- |
| 03/31/2025 03/31/25 | Off Market | $950,000 | -- | -- |
| 01/30/2025 01/30/25 | For Sale | $950,000 | 0.0% | $374 / Sq Ft |
| 10/30/2024 10/30/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | For Sale | $950,000 | 0.0% | -- |
| 10/01/2024 10/01/24 | For Sale | $950,000 | -- | $374 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $10,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $215,000 | Credit Line Revolving | |
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $35,000 | Unknown | |
| Closed | $54,764 | Credit Line Revolving |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2328893
APN: 242103-9039
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.
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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