Listed by Every Door Real Estate, Bought with Around the Clock Inc.
NOT LISTED FOR SALE

28921 28th Place S Federal Way, WA 98003

Estimated Value: $653,000 - $744,000

6 Beds
4 Baths
1,680 Sq Ft
$428/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $600,000 $357 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,458/month

15 Days on Market

Highlights

  • Territorial View
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • No HOA

About This Home

As of September 2022

Great investment opportunity! High demand rental area. Wonderful for beginning investor or owner occupied. Side by side townhouse style duplex with separate private fenced back yards. Units feature nice kitchens, 2 bedrooms, 1.5 bathrooms, w/d, and off-street parking. Units have a 1 car garage that can be converted for additional sqft and rent. Left side will be vacated by the end of July, so FHA and VA owner occupant financing is an available option. Good location close to Federal Way schools, parks, shopping, easy freeway access, and future Link Light Rail station. 1,680 total square feet on a flat 7,350 square foot lot. Well priced so act fast! Do not bother tenants, please view discretely.

Last Agent to Sell the Property

Ramone Myers

Every Door Real Estate License #132317 Listed on: 07/06/2022

Every Door Real Estate

Co-Listed By

Treyvon King

Real Broker LLC License #21028932

Last Buyer's Agent

Cindy Smalley

Around the Clock Inc. License #107217

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1963496

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,297

Year Built

  • Built in 1979

Lot Details

  • 7,350 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

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

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

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

Community Details

  • No Home Owners Association
  • Laurelwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0294500040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,297

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1680
  • Special Features: None
  • Cumulative Days on Market: 389

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 0294500040
  • Lot Size Acres: 0.1687
  • Lot Size Sq Ft: 7350
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22.38
  • LeasedItems: None
  • TotalMonthlyIncome: 2700

Multi Family

  • Gross Scheduled Income: 30600
  • Net Operating Income: 25076
  • Number Of Units Total: 2
  • Insurance Expense: 1600
  • Leasable Area: 1680
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4297

MLS Schools

  • Elementary School: Valhalla Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2022
Sold by
Josephine Wigginton
Bought by
Clark Joseph
Current Estimated Value
$718,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$456,441
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$262,454

Purchase Details

Closed on
Feb 24, 2004
Sold by
Ray Joan M
Bought by
Wigginton Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
Clark Joseph $550,000 Chicago Title
Wigginton Josephine $195,000 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Joseph $485,000
Previous Owner Wigginton Josephine $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $600,000 +2.6% $357 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $585,000 -2.5% $348 / Sq Ft
07/06/2022 07/06/22 For Sale $600,000 -- $357 / 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 $5,840 $586,000 $135,000 $451,000
2023 $4,848 $533,000 $123,000 $410,000
2022 $4,297 $490,000 $132,000 $358,000
2021 $3,924 $376,000 $120,000 $256,000
2020 $3,716 $322,000 $104,000 $218,000
2018 $3,784 $293,000 $84,000 $209,000
2017 $3,487 $264,000 $84,000 $180,000
2016 $3,461 $243,000 $80,000 $163,000
2015 $3,208 $231,000 $91,000 $140,000
2014 -- $219,000 $85,000 $134,000
2013 -- $185,000 $85,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1963496

Northwest Multiple Listing Service (NWMLS)

APN: 029450-0040