Seller's Agent in 2016
Stephen Janho
Windermere Real Estate / West Campus, Inc.
(253) 973-1003
155 Total Sales
Listed by Windermere RE West Campus Inc, Bought with Skyline Properties, Inc.
28422 16th Ave S Federal Way, WA 98003
Redondo-Federal Way NeighborhoodEstimated Value: $223,000 - $1,974,000
--
Bed
--
Bath
6,702
Sq Ft
$186/Sq Ft
Est. Value
Highlights
- Views of a Sound
- Wood Flooring
- Property is in very good condition
- Deck
About This Home
As of May 2016Extremely rare and sought after investment opportunity in an incredible location. 6 units total each 1053 square feet with 2 bedrooms and 1 1/2 baths. Units are currently leased month to month. Fantastic views of the Puget Sound and Olympic Mountains. Several units have been fully updated. Great Cap Rate with historically low (nearly zero) vacancy. Could be converted to individual condo units to sell. Vacant unit available to show with appointment only. Do not bother tenants!!!
Last Agent to Sell the Property
Windermere RE West Campus Inc License #26463 Listed on: 03/31/2016
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 912422
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,542
Year Built
- Built in 1978
Lot Details
- 0.34 Acre Lot
- Property is in very good condition
Property Views
- Views of a Sound
- Mountain
- Territorial
Home Design
- Block Foundation
- Composition Roof
- Wood Composite
Interior Spaces
- 6,702 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Ceramic Tile
- Vinyl
Parking
- 12 Parking Spaces
- Open Parking
Outdoor Features
- Deck
Community Details
- Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 787620
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2016
Closed on
Jun 3, 2016
Sold by
Soundview South Llc
Bought by
Merente Llc
Seller's Agent
Stephen Janho
Windermere RE West Campus Inc
Buyer's Agent
Michelle Eggert
Skyline Properties, Inc.
List Price
$949,500
Sold Price
$962,000
Premium/Discount to List
$12,500
1.32%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,787
Avg. Annual Appreciation
2.77%
Original Mortgage
$744,000
Outstanding Balance
$593,872
Interest Rate
3.66%
Estimated Equity
$654,915
Purchase Details
Closed on
Dec 13, 2013
Sold by
Parker Randy L
Bought by
Soundview South Llc
Purchase Details
Closed on
Nov 18, 2011
Sold by
Parker Randy L
Bought by
Parker Randy L and Jones Family Trust
Purchase Details
Closed on
Dec 2, 2004
Sold by
Jones Warren E and Jones Mary Ann
Bought by
Parker Randy L and Jones Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merente Llc | $962,000 | First American | |
| Soundview South Llc | -- | None Available | |
| Parker Randy L | -- | None Available | |
| Parker Randy L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Merente Llc | $744,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/20/2016 05/20/16 | Sold | $962,000 | +1.3% | $144 / Sq Ft |
| 04/07/2016 04/07/16 | Pending | -- | -- | -- |
| 03/31/2016 03/31/16 | For Sale | $949,500 | -- | $142 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $14,383 | $1,330,000 | $234,500 | $1,095,500 |
| 2023 | $13,994 | $1,496,000 | $161,200 | $1,334,800 |
| 2022 | $13,445 | $1,404,000 | $146,500 | $1,257,500 |
| 2021 | $12,761 | $1,172,000 | $131,900 | $1,040,100 |
| 2020 | $11,424 | $1,045,000 | $131,900 | $913,100 |
| 2018 | $9,522 | $765,000 | $117,200 | $647,800 |
| 2017 | $9,297 | $655,000 | $117,200 | $537,800 |
| 2016 | $10,240 | $640,000 | $109,900 | $530,100 |
| 2015 | $9,539 | $678,000 | $102,600 | $575,400 |
| 2014 | -- | $646,000 | $106,200 | $539,800 |
| 2013 | -- | $605,000 | $106,200 | $498,800 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Janho
-
Michelle Eggert
M
Buyer's Agent in 2016
Michelle Eggert
Skyline Properties, Inc.
(425) 246-4197
4 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 912422
APN: 787620-0005
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Based on information submitted to the MLS GRID
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