Listed by AgencyOne, Bought with Windermere RE/Maple Valley
NOT LISTED FOR SALE

28815 17 28th Place S Federal Way, WA 98003

Estimated Value: $645,021 - $736,000

6 Beds
2 Baths
2,290 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 13, 2017

Last sale price $395,000 $172 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,091/month

35 Days on Market

Highlights

  • Deck
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Cul-De-Sac

About This Home

As of November 2017

Great opportunity to own two-story duplex with garage, no vacancy. Spacious floor plan both units upper floor Three bedrooms, full bath and daylight main floor living, dining rm, all newer kitchen, half bath, laundry in ea unit. Each unit has one garage plenty off street parking, lrg. fenced back yard. Tenant pays electric. Convenient location walk to Safeway, Rite Aid, shopping, on bus line + mins to Military Rd, I-5, Hwy 167. Cap rate at 6.8% making this an attractive investment. Sold as is.

Last Agent to Sell the Property

Susan Hou

AgencyOne License #9359 Listed on: 09/11/2017

AgencyOne

Last Buyer's Agent

Lorene Bennett

Windermere RE/Maple Valley License #2533

Windermere RE/Maple Valley

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1191882

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,877

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,290 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Valhalla Elementary School
  • Sacajawea Jnr High Middle School
  • Thomas Jefferson Hig High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 0421049251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,877

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2290
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 3045

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Federal Way
  • High School: Thomas Jefferson Hig
  • Middle Or Junior School: Sacajawea Jnr High

Lot Info

  • Parcel Number: 0421049251
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 26579
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2290
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3877

MLS Schools

  • Elementary School: Valhalla Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Nov 2, 2017
Sold by
Kong Theodores T and Kong Huon K
Bought by
Windsor James R and Windsor Monique R
Seller's Agent
Susan Hou
AgencyOne
Buyer's Agent
Lorene Bennett
Windermere RE/Maple Valley
List Price
$390,000
Sold Price
$395,000
Premium/Discount to List
$5,000
1.28%
Current Estimated Value
$684,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,255
Avg. Annual Appreciation
6.78%
Original Mortgage
$276,500
Outstanding Balance
$233,770
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$428,830

Purchase Details

Closed on
Jun 7, 1996
Sold by
Woodruff John R and Hubbard Pamela S
Bought by
Kong Theodores T and Kong Huon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
8.25%
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
Windsor James R $395,000 Chicago Title Co Of Wa
Kong Theodores T $137,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Windsor James R $276,500
Previous Owner Kong Theodores T $109,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2017 11/13/17 Sold $395,000 +1.3% $172 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $390,000 0.0% $170 / Sq Ft
09/24/2017 09/24/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $390,000 -- $170 / 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 $5,565 $553,000 $132,000 $421,000
2023 $5,390 $503,000 $120,000 $383,000
2022 $4,780 $547,000 $128,000 $419,000
2021 $4,368 $420,000 $117,000 $303,000
2020 $4,135 $360,000 $101,000 $259,000
2018 $4,202 $327,000 $81,000 $246,000
2017 $3,877 $294,000 $81,000 $213,000
2016 $3,854 $271,000 $78,000 $193,000
2015 $3,562 $258,000 $91,000 $167,000
2014 -- $244,000 $85,000 $159,000
2013 -- $206,000 $85,000 $121,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1191882

Northwest Multiple Listing Service (NWMLS)

APN: 042104-9251