Listed by Windermere RE West Campus Inc, Bought with Liberty Real Estate, LLC
NOT LISTED FOR SALE

28618 25th Place S Federal Way, WA 98003

Estimated Value: $657,874 - $771,000

4 Beds
4 Baths
3,050 Sq Ft
$234/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $350,000 $115 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,385/month

287 Days on Market

About This Home

As of September 2015

Brand New roof!!! Now is your chance to own one of the best investment properties from a cash flow standpoint that you can find in Federal Way. This Duplex has been recently renovated a couple years back and has great tenants. 1500sf per side with 8 rooms total. Current comped rental rates provide great cap rate of 8-10% with rents in the 1500-1600 range all day long! Not a short sale or bank owned property. Showings Now Available! Great Senior Housing possibility.

Last Agent to Sell the Property

Stephen Janho

Windermere RE West Campus Inc License #26463 Listed on: 10/09/2014

Windermere RE West Campus Inc

Last Buyer's Agent

Michael Wong

Liberty Real Estate, LLC License #23458

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 705075

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,441

Year Built

  • Built in 1968

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,050 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5529000150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,441

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3050
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Puget Power
  • SewerCompany: Lake Haven Utility Dist.
  • WaterCompany: Lake Haven
  • WaterSewerGarbage: 1200

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 5529000150
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 27076
  • Number Of Units Total: 2
  • Electric Expense: 1584
  • Insurance Expense: 899
  • Leasable Area: 3050
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3441

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2021
Sold by
Layman Christopher S
Bought by
286Xx Federal Way Vi Llc
Current Estimated Value
$713,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$361,666
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$356,412

Purchase Details

Closed on
Feb 28, 2019
Sold by
Lim Jeanine Han and Lim Eric
Bought by
Layman Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,025
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Oct 9, 2014
Closed on
Aug 18, 2015
Sold by
Kroon Jim
Bought by
Han Jeanine and Lim Eric
Seller's Agent
Stephen Janho
Windermere RE West Campus Inc
Buyer's Agent
Michael Wong
Liberty Real Estate, LLC
List Price
$369,500
Sold Price
$350,000
Premium/Discount to List
-$19,500
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%
Original Mortgage
$343,660
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2015
Sold by
The Brownstones At Issaquah Highlands
Bought by
Atencio Christian Noel and Atencio Laura Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,845
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Kroon Jim and Kroon Leeann
Bought by
Kroon Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2010
Sold by
Lewicki Thomas and Lewicki Debbie
Bought by
Kroon Jim and Kroon Leeann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2010
Sold by
Eastside Funding Llc
Bought by
Kroon Jim and Kroon Leeann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2006
Sold by
Zhang Yuan
Bought by
Lewicki Thomas and Lewicki Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,800
Interest Rate
6.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 7, 2006
Sold by
Johnson William Robert and Zhang Yuan
Bought by
Zhang Yuan

Purchase Details

Closed on
Jun 28, 2000
Sold by
Gagliardi Nick R and Gagliardi Lorene F
Bought by
Dampier Bobby and Dampier Jocelyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,166
Interest Rate
10.75%

Purchase Details

Closed on
May 24, 1993
Sold by
Gagliardi Bret M
Bought by
Gagliardi Nick R and Gagliardi Lorene F
Source: Public Records

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
286Xx Federal Way Vi Llc $520,000 Chicago Title Company Of Wa
Layman Christopher S $425,000 First American Title
Han Jeanine $350,000 First American
Atencio Christian Noel $435,384 First American
Kroon Jim -- First American
Kroon Jim $219,601 Accommodation
Kroon Jim -- None Available
Lewicki Thomas $388,000 Stewart Title
Zhang Yuan -- None Available
Dampier Bobby $173,958 Chicago Title
Gagliardi Nick R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 286Xx Federal Way Vi Llc $390,000
Previous Owner Layman Christopher S $439,025
Previous Owner Han Jeanine $343,660
Previous Owner Atencio Christian Noel $391,845
Previous Owner Kroon Jim $206,250
Previous Owner Kroon Jim $46,270
Previous Owner Kroon Jim $183,319
Previous Owner Lewicki Thomas $38,800
Previous Owner Lewicki Thomas $310,400
Previous Owner Dampier Bobby $139,166
Closed Dampier Bobby $34,792
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2015 09/01/15 Sold $350,000 -5.3% $115 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
10/09/2014 10/09/14 For Sale $369,500 -- $121 / 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 $6,323 $633,000 $151,000 $482,000
2023 $6,504 $576,000 $138,000 $438,000
2022 $5,756 $664,000 $147,000 $517,000
2021 $5,257 $509,000 $134,000 $375,000
2020 $4,987 $436,000 $116,000 $320,000
2018 $5,066 $396,000 $94,000 $302,000
2017 $4,671 $356,000 $94,000 $262,000
2016 $3,971 $328,000 $90,000 $238,000
2015 $3,676 $266,000 $91,000 $175,000
2014 -- $252,000 $85,000 $167,000
2013 -- $213,000 $85,000 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 705075

Northwest Multiple Listing Service (NWMLS)

APN: 552900-0150