Seller's Agent in 2023
Kamal Momi
Every Door Real Estate
(253) 347-9070
42 Total Sales
Listed by Every Door Real Estate, Bought with John L. Scott, Inc.
28600 25th Place S Federal Way, WA 98003
Estimated Value: $610,000 - $740,000
4
Beds
4
Baths
2,080
Sq Ft
$326/Sq Ft
Est. Value
Highlights
- Territorial View
- Thermal Windows
- High Speed Internet
- No HOA
- Baseboard Heating
- Property is Fully Fenced
About This Home
As of June 2023Rare investment opportunity in a highly-desirable area close to I-5, shopping centers, public transit. Perfect rental neighborhood that is walkable and also car friendly with plenty of parking. Great for commuters heading north to Seattle/Bellevue or south to Tacoma. Property is completely turn-key with everything updated and ready to rent. Individually metered with shared laundry room in middle. 7.13% cap rate with no upcoming maintenance/CapEx. Vacant units give you multiple options to either long term rent or Airbnb. Buyer can even live in one and rent the other for an amazing house hack! Positive cash flow for anyone's portfolio. Come check it out today!
Last Agent to Sell the Property
Every Door Real Estate License #127222 Listed on: 04/21/2023
Last Buyer's Agent
Brianna Becton
John L. Scott, Inc. License #21021987
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2058037
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,208
Year Built
- Built in 1968
Lot Details
- 7,333 Sq Ft Lot
- Property is Fully Fenced
- Property is in good condition
Home Design
- Duplex
- Flat Roof Shape
- Slab Foundation
- Composition Roof
- Bitumen Roof
- Wood Composite
Interior Spaces
- 2,080 Sq Ft Home
- 1-Story Property
- Thermal Windows
- Territorial Views
Flooring
- Laminate
- Vinyl
Parking
- 6 Parking Spaces
- Open Parking
Utilities
- Baseboard Heating
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Central Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 5529000120
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2019
Closed on
Sep 19, 2019
Sold by
Kaur Amandeep and Singh Mandeep
Bought by
Singh Mandeep
Seller's Agent
Erich Bubbel
COMPASS
Buyer's Agent
Every Door Real Estate
Every Door Real Estate
List Price
$385,000
Sold Price
$395,000
Premium/Discount to List
$10,000
2.6%
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
$283,711
Avg. Annual Appreciation
8.62%
Original Mortgage
$296,250
Outstanding Balance
$262,309
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$386,833
Purchase Details
Listed on
Aug 12, 2019
Closed on
Sep 13, 2019
Sold by
Dotson Michael J and Dotson Christine L
Bought by
Singh Mandeep and Momi Kamal
Seller's Agent
Erich Bubbel
COMPASS
Buyer's Agent
Every Door Real Estate
Every Door Real Estate
List Price
$385,000
Sold Price
$395,000
Premium/Discount to List
$10,000
2.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Outstanding Balance
$262,309
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$386,833
Purchase Details
Closed on
Sep 23, 2005
Sold by
Teodorescu Corey Carmen S and Corey Timothy J
Bought by
Dotson Michael J and Dotson Christine L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Dec 3, 2003
Sold by
Park Kyung H
Bought by
Corey Timothy H and Teodorescu Corey Carmen S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 6, 2000
Sold by
Nozaki Ichiro
Bought by
Park Kyung H
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 |
|---|---|---|---|
| Singh Mandeep | -- | First American Title Ins Co | |
| Singh Mandeep | $395,000 | First American Title Ins Co | |
| Dotson Michael J | $299,950 | Lawyers Title | |
| Corey Timothy H | $196,000 | Chicago Title | |
| Park Kyung H | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singh Mandeep | $296,250 | |
| Previous Owner | Dotson Michael J | $45,000 | |
| Previous Owner | Dotson Michael J | $239,950 | |
| Previous Owner | Corey Timothy H | $175,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2023 06/09/23 | Sold | $700,000 | -6.4% | $337 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 04/21/2023 04/21/23 | For Sale | $748,000 | +89.4% | $360 / Sq Ft |
| 09/23/2019 09/23/19 | Sold | $395,000 | +2.6% | $190 / Sq Ft |
| 08/13/2019 08/13/19 | Pending | -- | -- | -- |
| 08/12/2019 08/12/19 | For Sale | $385,000 | -- | $185 / 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 | $5,812 | $584,000 | $151,000 | $433,000 |
| 2023 | $5,876 | $532,000 | $138,000 | $394,000 |
| 2022 | $5,208 | $598,000 | $147,000 | $451,000 |
| 2021 | $4,754 | $459,000 | $134,000 | $325,000 |
| 2020 | $4,508 | $393,000 | $116,000 | $277,000 |
| 2018 | $4,579 | $357,000 | $94,000 | $263,000 |
| 2017 | $4,225 | $321,000 | $94,000 | $227,000 |
| 2016 | $3,621 | $296,000 | $90,000 | $206,000 |
| 2015 | $3,349 | $242,000 | $91,000 | $151,000 |
| 2014 | -- | $229,000 | $85,000 | $144,000 |
| 2013 | -- | $193,000 | $85,000 | $108,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kamal Momi
-
Every Door Real Estate
Seller Co-Listing Agent in 2023
Every Door Real Estate
Every Door Real Estate
(206) 895-3158
1,013 Total Sales
-
B
Buyer's Agent in 2023
Brianna Becton
John L. Scott, Inc.
-
Erich Bubbel
Seller's Agent in 2019
Erich Bubbel
Avenue Properties
(206) 399-3285
25 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2058037
APN: 552900-0120
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Based on information submitted to the MLS GRID
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