NOT LISTED FOR SALE

28625 16th Ave S Federal Way, WA 98003

Redondo-Federal Way Neighborhood

Estimated Value: $609,000 - $984,000

8 Beds
4 Baths
3,920 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 05, 2015

Last sale price $415,000 $106 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,894/month

21 Days on Market

Highlights

  • Deck
  • Wood Siding
  • Wall to Wall Carpet
  • Territorial View

About This Home

As of March 2015

Superb opportunity to own an exceptional investment property in a high demand rental area! Low maintenance 4-plex located in a quiet complex with 6 other like buildings. Spacious units have 2 bdrms, 1.75 baths, fireplace, all appliances (full size washer & dryer) & covered deck. 2 lower units (B3 & B4) have been recently remodeled & are ready for immediate occupancy. Building is backed by a treed greenbelt for privacy. The location is convenient to all amenities & provides easy access to I-5.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,886

Year Built

  • Built in 1979

Lot Details

  • 10,010

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • 10,010 Sq Ft Lot
  • Cable TV Available

Community Details

  • Soundview Terrace Condos
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7876800020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,886

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: *** 3% ***
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Soundview Terrace
  • New Construction: No
  • CalculatedSquareFootage: 3920
  • Special Features: VirtualTour
  • Cumulative Days on Market: 296

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 2880

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 7876800020
  • Lot Size Acres: 0.2298
  • Lot Size Sq Ft: 10010
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3815

Multi Family

  • Gross Scheduled Income: 45780
  • Net Operating Income: 33514
  • Number Of Units Total: 4
  • Insurance Expense: 1900
  • Leasable Area: 3920
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 6886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2015
Closed on
Feb 24, 2015
Sold by
The Heirs & Devisees Of Laura Agledal
Bought by
F U S I O N 501C3 Non Profit
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Total Days on Market
21
Current Estimated Value
$853,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,845
Avg. Annual Appreciation
7.51%

Purchase Details

Closed on
Aug 19, 1996
Sold by
Doyle William E and Doyle Luella P
Bought by
Agledal Laura

Purchase Details

Closed on
Jun 11, 1996
Sold by
Doyle William E and Doyle Luella P
Bought by
Doyle William E and Doyle Luella P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
F U S I O N 501C3 Non Profit $415,000 First American
Agledal Laura $285,000 Fidelity National Title
Doyle William E -- Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2015 03/05/15 Sold $415,000 -2.4% $106 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $425,000 -- $108 / 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 $1,429 $74,700 $74,700 --
2023 $5,496 $489,000 $113,000 $376,000
2022 $827 $56,014 $56,014 $356,500
2021 $782 $46,700 $46,700 --
2020 $4,094 $360,700 $84,700 $276,000
2018 -- $0 $0 $0
Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 730002

Northwest Multiple Listing Service (NWMLS)

APN: 787680-0020

Washington King County Federal Way 98003 Redondo-Federal Way

28625 16th Ave S, Federal Way, WA

This home is located at 28625 16th Ave S, Federal Way, WA 98003 since 20 January 2015 and is currently estimated at $853,845, approximately $217 per square foot. This property was built in 1979. 28625 16th Ave S is a home located in King County with nearby schools including Woodmont Elementary School, Sacajawea Middle School, and Federal Way 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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