Listed by Windermere RE West Campus Inc, Bought with WeLakeside
NOT LISTED FOR SALE

28641 16th Ave S Unit E Federal Way, WA 98003

Redondo-Federal Way Neighborhood

Estimated Value: $1,048,000 - $1,177,736

8 Beds
4 Baths
3,920 Sq Ft
$284/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $1,000,000 $255 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,649/month

4 Days on Market

Highlights

  • Views of a Sound
  • No HOA
  • Wall to Wall Carpet
  • Deck

About This Home

As of July 2022

Sound View Terrace is a community with 7 buildings and is not your ordinary 4 plex! It's quiet and well kept, located in the heart of Federal Way. AMAZING Puget Sound Views from living & dining rooms, kitchen, and outside deck. Each spacious unit is 980 square feet, with the same floor plan: 2 bedrooms, primary & hall baths, laundry, living room with cozy fireplace, and covered deck. 1.6 miles to Redondo Beach with beach access, fishing off the pier, and amazing boardwalk views. .2 miles to Hwy 99/Pac Hwy with easy freeway access and bus lines, and 2.5 miles to Sound Transit Station (Link Light Rail coming 2024).

Last Agent to Sell the Property

Monique Bloedel

Windermere RE West Campus Inc License #29571 Listed on: 06/03/2022

Windermere RE West Campus Inc

Last Buyer's Agent

Kevin Nguyen

WeLakeside License #20119165

WeLakeside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1943182

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,851

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • Street terminates at a dead end

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Views of a Sound

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Woodmont Elementary School
  • Sacajawea Jnr High Middle School
  • Federal Way Snr High School

Community Details

  • No Home Owners Association
  • Soundview Terrace Condos
  • Redondo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7876800050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,851

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: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Sound
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way
  • High School: Federal Way Snr High
  • Middle Or Junior School: Sacajawea Jnr High

Lot Info

  • Parcel Number: 7876800050
  • Lot Size Acres: 0.3153
  • Lot Size Sq Ft: 13733
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Public Record
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4920

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8851

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Woodmont Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2023
Sold by
Sangha Rajiv
Bought by
Neely Brandon and Neely Anita
Current Estimated Value
$1,113,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Outstanding Balance
$840,351
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$273,083

Purchase Details

Closed on
Jan 30, 2023
Sold by
Sangha Deepinder and Sangha Rajiv
Bought by
Sangha Rajiv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$827,250
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2023
Sold by
Sangha Tranjit and Sangha Harinder
Bought by
Sangha Harinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$827,250
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jul 5, 2022
Sold by
Greene Clive E
Bought by
Hnr Construction Llc
Seller's Agent
Monique Bloedel
Windermere RE West Campus Inc
Buyer's Agent
Kevin Nguyen
WeLakeside
List Price
$900,000
Sold Price
$1,000,000
Premium/Discount to List
$100,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.21%
Original Mortgage
$830,361
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2003
Sold by
Skanes Patrick S and Skanes Michelle L
Bought by
Greene Clive E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.37%

Purchase Details

Closed on
Jun 2, 1999
Sold by
Snekvik Donald R and Snekvik Charlotte E
Bought by
Greene Clive E and Skanes Patrick S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
6.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Neely Brandon $1,150,000 First American Title Insurance
Sangha Rajiv -- Fidelity National Title
Sangha Harinder -- Fidelity National Title
Sangha Rajiv -- Fidelity National Title
Hnr Construction Llc $1,000,000 Old Republic Title
Greene Clive E $150,793 First American
Greene Clive E $345,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neely Brandon $862,500
Previous Owner Sangha Harinder $827,250
Previous Owner Hnr Construction Llc $830,361
Previous Owner Greene Clive E $310,000
Previous Owner Greene Clive E $310,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2022 07/13/22 Sold $1,000,000 +11.1% $255 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $900,000 -- $230 / 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 $9,506 $943,000 $240,000 $703,000
2023 $10,515 $952,000 $200,000 $752,000
2022 $8,852 $893,000 $180,000 $713,000
2021 $8,551 $773,000 $150,000 $623,000
2020 $7,822 $702,000 $150,000 $552,000
2018 $6,524 $516,000 $120,000 $396,000
2017 $6,248 $447,000 $110,000 $337,000
2016 $6,712 $428,000 $110,000 $318,000
2015 -- $442,000 $109,800 $332,200
2014 -- $392,000 $109,800 $282,200
2013 -- $426,000 $109,800 $316,200
Source: Public Records

Agents Affiliated with this Home

  • Monique Bloedel

    Seller's Agent in 2022

    Monique Bloedel

    Windermere Real Estate / West Campus, Inc.

    (206) 999-1951

    1 in this area

    114 Total Sales

    Monique Bloedel
    Section Image

  • K

    Buyer's Agent in 2022

    Kevin Nguyen

    WeLakeside

    (425) 588-7594

    2 in this area

    12 Total Sales

    Kevin Nguyen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1943182

Northwest Multiple Listing Service (NWMLS)

APN: 787680-0050

Washington King County Federal Way 98003 Redondo-Federal Way

28641 16th Ave S Unit E, Federal Way, WA

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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