NOT LISTED FOR SALE

2738 SW 314th St Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $861,061

5 Beds
2 Baths
3,520 Sq Ft
$245/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $562,000 $160 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,383/month

8 Days on Market

Highlights

  • Northwest Architecture
  • 2 Fireplaces
  • Patio
  • Wood Flooring
  • Attached Garage
  • Property is Fully Fenced

About This Home

As of October 2019

Warm & Inviting street appeal!Enjoy many well done updates inside & out.50 year architectural roof,remodeled kitchen w/viking stove, maple cabinets,hard surface counter tops,cabinet pullouts.Built-in Serving area w/pullouts in Cabinets.On-Suite Master Bath complete remodel with heated floors.Composite decking off main level,beautiful yard,fruit trees,fire pit area plenty of xtra parking,generator hard wired stays. New carpet/pad downstairs w XtraStorage Concrete access from side gate to backyard

Last Listed By

Wendy Burney

Windermere RE West Campus Inc License #28283 Listed on: 08/27/2019

Windermere RE West Campus Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1508876

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,044

Year Built

  • Built in 1962

Lot Details

  • Property is Fully Fenced
  • Level Lot
  • Property is zoned RS7.2

Parking

  • Attached Garage

Home Design

  • Northwest Architecture
  • Concrete Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Federal Way Community

Listing and Financial Details

  • Assessor Parcel Number 1503100180

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,044

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Dining Room, French Doors, Jetted Tub
  • Floor Covering: Ceramic Tile, Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 3
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3520
  • Square Footage Finished: 3520

Exterior Features

  • Exterior: Wood Products
  • Foundation: Concrete Ribbon, Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard, Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Lakehaven
  • Water Company: Lakehaven
  • Water Heater: Laundry-downstairs
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Federal Way
  • Project: Century Palisades#1

Schools

  • School District: FED

Lot Info

  • Lot Number: 18
  • Lot Details: Curbs, Paved Street
  • Lot Sq Ft: 10514
  • Lot Topography Vegetation: Level
  • Parcel Number: 1503100180
  • Zoning Code: RS7.2
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 4990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Oct 2, 2019
Sold by
Moor Michael F and Moor Rose Marie
Bought by
Wubie Tadla and Takele Mahlet
Seller's Agent
Wendy Burney
Windermere RE West Campus Inc
Buyer's Agent
Thao Nguyen
Skyline Properties, Inc.
List Price
$569,000
Sold Price
$562,000
Premium/Discount to List
-$7,000
-1.23%
Total Days on Market
8
Current Estimated Value
$861,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,061
Avg. Annual Appreciation
8.28%
Original Mortgage
$542,330
Outstanding Balance
$484,558
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$392,843

Purchase Details

Closed on
May 20, 2014
Sold by
Moor Michael F and Moor Rose M
Bought by
Michael F & Rose Moor Trust and Moor Rose Marie

Purchase Details

Closed on
Jul 14, 1988
Sold by
Bethea Judith A and Bethea Robert
Bought by
Moor Michael F and Moor Rose M

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
Wubie Tadla $562,000 First American Title
Michael F & Rose Moor Trust -- None Available
Moor Michael F $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Takele Mahlet $24,791
Open Wubie Tadla $542,330
Previous Owner Moor Michael F $60,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2019 10/15/19 Sold $562,000 -1.2% $160 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $569,000 -- $162 / 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 $7,044 $701,000 $216,000 $485,000
2023 $6,924 $635,000 $195,000 $440,000
2022 $6,250 $690,000 $178,000 $512,000
2021 $6,182 $554,000 $142,000 $412,000
2020 $5,873 $515,000 $117,000 $398,000
2018 $5,373 $434,000 $94,000 $340,000
2017 $4,866 $378,000 $86,000 $292,000
2016 $4,727 $342,000 $79,000 $263,000
2015 $4,386 $318,000 $76,000 $242,000
2014 -- $302,000 $76,000 $226,000
2013 -- $225,000 $73,000 $152,000
Source: Public Records

Agents Affiliated with this Home

  • Wendy Burney

    Seller's Agent in 2019

    Wendy Burney

    Windermere Real Estate / West Campus, Inc.

    (206) 387-8778

    Section Image
  • Thao Nguyen

    Buyer's Agent in 2019

    Thao Nguyen

    Skyline Properties, Inc

    (206) 349-8143

    1 in this area

    40 Total Sales

    Thao Nguyen
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1508876

Northwest Multiple Listing Service (NWMLS)

APN: 150310-0180

Washington King County Federal Way 98023 Twin Lakes

2738 SW 314th St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 2738 SW 314th St, Federal Way, WA 98023 since 27 August 2019 and is currently estimated at $861,061, approximately $244 per square foot. This property was built in 1962. 2738 SW 314th St is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota 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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