Listed by John L. Scott, Inc., Bought with John L. Scott Federal Way
NOT LISTED FOR SALE

Estimated Value: $880,000 - $1,294,000

3 Beds
2 Baths
1,800 Sq Ft
$574/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $805,000 $447 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,504/month

9 Days on Market

Highlights

  • Low Bank Waterfront Property
  • RV Access or Parking
  • Softwood Flooring
  • Views of a Sound
  • Deck
  • Patio

About This Home

As of June 2021

DRIVE-BY ONLY! Exceptional Diamond in the rough fixer duplex or single residence with Uplands/Shorelands/Tidelands including over 120' of Puget Sound waterfrontage on Redondo's Boardwalk with ever-changing panoramic Sound & Mountain Views & Endless Sunsets. Value is primarily in the land that includes the adjoining parking area and outbuildings. Used as a duplex for many years this is on one of the largest lots on the strip (8000sft+). While presently lived in, it begs for your personal transformation! This is an "AS-IS" "WHERE-IS" offering; despite periodic updates, there are several issues with the 120-yr+ old buildings. Do not enter the property or disturb/approach the tenants! No sign. No key box and no access without an accepted offer.

Last Agent to Sell the Property

Stephen Ames

John L. Scott, Inc. License #7916 Listed on: 05/28/2021

John L. Scott, Inc.

Last Buyer's Agent

Darlene Nguyen-Chapman

John L. Scott Federal Way License #106761

John L. Scott Federal Way

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1781075

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,358

Year Built

  • Built in 1900

Lot Details

  • 8,004 Sq Ft Lot
  • Low Bank Waterfront Property
  • Waterfront
  • Partially Fenced Property
  • Value in Land

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Duplex
  • Fixer Upper
  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Redondo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3222049006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,358

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1800
  • SOCComments: Bring your Highest & Best!
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Softwood, Hardwood, Laminate, Vinyl
  • Interior Amenities: Fir/Softwood, Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound
  • Lot Features: Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront Features: Bank-Low
  • Waterfront: Yes
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Post & Block, Poured Concrete, Slab
  • Property Condition: Fixer
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lake Haven
  • WaterCompany: Lake Haven
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 3222049006
  • Lot Size Acres: 0.1837
  • Lot Size Sq Ft: 8004
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9358

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1800
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 9, 2021
Sold by
Courtland Charles
Bought by
Nguyen Chuong The
Seller's Agent
Stephen Ames
John L. Scott, Inc.
Buyer's Agent
Darlene Nguyen-Chapman
John L. Scott Federal Way
List Price
$750,000
Sold Price
$805,000
Premium/Discount to List
$55,000
7.33%
Current Estimated Value
$1,032,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,944
Avg. Annual Appreciation
4.53%
Original Mortgage
$600,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2016
Sold by
Swanson John R
Bought by
Courtland Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,943
Interest Rate
3.5%
Mortgage Type
FHA
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
Nguyen Chuong The $805,000 First American Title
Courtland Charles $500,000 Nextitle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Chuong The $600,000
Previous Owner Courtland Charles $490,943
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $805,000 +7.3% $447 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $750,000 -- $417 / 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 $12,328 $1,194,000 $817,000 $377,000
2023 $12,013 $1,079,000 $740,000 $339,000
2022 $11,271 $1,164,000 $753,000 $411,000
2021 $9,798 $952,000 $685,000 $267,000
2020 $8,850 $773,000 $629,000 $144,000
2018 $9,417 $683,000 $454,000 $229,000
2017 $8,494 $623,000 $425,000 $198,000
2016 $7,998 $558,000 $425,000 $133,000
2015 $7,288 $500,000 $395,000 $105,000
2014 -- $467,000 $368,000 $99,000
2013 -- $395,000 $351,000 $44,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1781075

Northwest Multiple Listing Service (NWMLS)

APN: 322204-9006