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Seller's Agent in 2023
Kevin Nguyen
WeLakeside
(425) 588-7594
2 in this area
13 Total Sales
Listed by WeLakeside, Bought with Skyline Properties, Inc.
28641 16th Ave S Federal Way, WA 98003
Redondo-Federal Way NeighborhoodEstimated Value: $1,156,000 - $1,202,000
8
Beds
4
Baths
3,920
Sq Ft
$301/Sq Ft
Est. Value
Highlights
- Views of a Sound
- No HOA
- Wall to Wall Carpet
- Deck
- Baseboard Heating
About This Home
As of June 2023Located in a nice quiet area near the heart of Federal Way while harvesting the appreciation of the city! Having access near Redondo beach while being next to all the desirable conveniences makes this place easy to rent out. Each unit average $2,050 in rents with all newer signed year leases! Tenants are awesome, cooperative and enjoys their living. A new owner can have peace of mind with a steady cash-flowing investment even with today's current interest rates. Each unit offers a spacious 980 square with 2 bedrooms, 1.75 bathrooms, washer and dryer hookups, and a private balcony with a view. Put more down payment to collect higher cash on cash returns!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2038539
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,898
Year Built
- Built in 1979
Lot Details
- 0.32 Acre Lot
- Street terminates at a dead end
- Property is in good condition
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
Schools
- Woodmont Elementary School
- Sacajawea Jnr High Middle School
- Federal Way Snr High School
Additional Features
- Deck
- Baseboard Heating
Community Details
- No Home Owners Association
- Redondo Subdivision
Listing and Financial Details
- Assessor Parcel Number 7876800050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2023
Closed on
Jun 26, 2023
Sold by
Sangha Rajiv
Bought by
Neely Brandon and Neely Anita
Seller's Agent
Kevin Nguyen
WeLakeside
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Views
104
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
$31,180
Avg. Annual Appreciation
0.24%
Original Mortgage
$862,500
Outstanding Balance
$844,851
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$311,292
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
Closed on
Jul 5, 2022
Sold by
Greene Clive E
Bought by
Hnr Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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%
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 |
|---|---|---|---|
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2023 06/28/23 | Sold | $1,150,000 | -3.8% | $293 / Sq Ft |
| 05/29/2023 05/29/23 | Pending | -- | -- | -- |
| 05/23/2023 05/23/23 | For Sale | $1,195,000 | 0.0% | $305 / Sq Ft |
| 05/18/2023 05/18/23 | Pending | -- | -- | -- |
| 05/11/2023 05/11/23 | Price Changed | $1,195,000 | -2.0% | $305 / Sq Ft |
| 05/09/2023 05/09/23 | Price Changed | $1,220,000 | -2.4% | $311 / Sq Ft |
| 05/02/2023 05/02/23 | For Sale | $1,250,000 | 0.0% | $319 / Sq Ft |
| 03/23/2023 03/23/23 | Pending | -- | -- | -- |
| 02/27/2023 02/27/23 | For Sale | $1,250,000 | -- | $319 / 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 | $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
-
Kevin Nguyen
-
Aaron Nelson
Buyer's Agent in 2023
Aaron Nelson
Skyline Properties, Inc.
(425) 906-9080
1 in this area
107 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2038539
APN: 787680-0050
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Based on information submitted to the MLS GRID
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