Listed by Kelly Right RE of Seattle LLC, Bought with Cascade Properties & Invest.
NOT LISTED FOR SALE

28932 28th Place S Federal Way, WA 98003

Estimated Value: $643,330 - $653,000

6 Beds
4 Baths
2,176 Sq Ft
$297/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $625,000 $287 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,908/month

5 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • High Speed Internet
  • No HOA
  • Vinyl Plank Flooring
  • Property is Fully Fenced

About This Home

As of June 2022

Great income producing Duplex, Desirable commuter location. Complete remodeled kitchen and bath rooms in unit 28932 and recent remodeled kitchen room in unit 28934 , both home have been granite counter tops, updated with new hardwoods, , turn-key experience for Buyer or investor. A bonus room in unit 28932. Large deck with storage sheds in backyard. Windows 2011 and roof in 2010. Enjoy Large private fenced yards, ample parking and storage. Live in one side and rent the other OR rent both.

Last Agent to Sell the Property

Joe Zhou

Kelly Right RE of Seattle LLC License #138401 Listed on: 05/04/2022

Kelly Right RE of Seattle LLC

Last Buyer's Agent

Lace Gordon

Cascade Properties & Invest. License #105157

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1926711

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,544

Year Built

  • Built in 1980

Lot Details

  • 7,200 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,176 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Laminate
  • Vinyl Plank

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0294500120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,544

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2176
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you!
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • 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: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 1200

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: 0294500120
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.24
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 34646
  • Number Of Units Total: 2
  • Insurance Expense: 650
  • Leasable Area: 2300
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4544
  • AdditionalTaxIds: 0294500120

MLS Schools

  • Elementary School: Valhalla Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 3, 2022
Sold by
Bright Home International Realty Llc
Bought by
Carter Alexander
Seller's Agent
Joe Zhou
Kelly Right RE of Seattle LLC
Buyer's Agent
Lace Gordon
Cascade Properties & Invest.
List Price
$598,000
Sold Price
$625,000
Premium/Discount to List
$27,000
4.52%
Current Estimated Value
$647,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,110
Avg. Annual Appreciation
1.46%
Original Mortgage
$613,679
Outstanding Balance
$586,426
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$69,029

Purchase Details

Closed on
Nov 10, 2017
Sold by
Zhou Zhongzhe and Cheng Biyun
Bought by
Bright Home International Realty Llc

Purchase Details

Listed on
Sep 22, 2016
Closed on
Oct 26, 2016
Sold by
Chand Rakesh and Chand Prity P
Bought by
Zhou Zhongzhe and Cheng Biyun
Seller's Agent
Rebecca Beaty
W Real Estate Services
Buyer's Agent
Rebecca Beaty
W Real Estate Services
List Price
$298,000
Sold Price
$298,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%

Purchase Details

Closed on
Jun 19, 2008
Sold by
Chand Rakesh
Bought by
Chand Rakesh and Chand Prity P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,563
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2004
Sold by
Lei Robert L
Bought by
Chand Rakesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2002
Sold by
Siriyanonh Chackrith and Siriyanonh Diane
Bought by
Lei Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
7.25%

Purchase Details

Closed on
Jun 28, 2000
Sold by
Pho Eddie and Pho Herr
Bought by
Siriyanonh Chackrith and Siriyanonh Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
8.63%

Purchase Details

Closed on
May 2, 1994
Sold by
Squire Fred R and Squire Betty M
Bought by
Pho Eddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.35%
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
Carter Alexander $625,000 Old Republic Title
Bright Home International Realty Llc -- None Available
Zhou Zhongzhe $298,000 Old Republic
Chand Rakesh -- Pacific Nw Tit
Chand Rakesh $180,000 Fidelity Natio
Lei Robert L $193,000 Washington Tit
Siriyanonh Chackrith $158,000 Chicago Title Insurance Co
Pho Eddie $120,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Alexander $613,679
Previous Owner Chand Rakesh $262,563
Previous Owner Chand Rakesh $144,000
Previous Owner Lei Robert L $154,400
Previous Owner Siriyanonh Chackrith $126,400
Previous Owner Pho Eddie $84,000
Closed Lei Robert L $38,600
Closed Chand Rakesh $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $625,000 +4.5% $287 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $598,000 +100.7% $275 / Sq Ft
10/28/2016 10/28/16 Sold $298,000 0.0% $130 / Sq Ft
09/25/2016 09/25/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $298,000 -- $130 / 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 $5,737 $572,000 $135,000 $437,000
2023 $5,619 $521,000 $123,000 $398,000
2022 $4,977 $571,000 $132,000 $439,000
2021 $4,544 $438,000 $120,000 $318,000
2020 $4,310 $375,000 $104,000 $271,000
2018 $3,951 $307,000 $84,000 $223,000
2017 $3,640 $276,000 $84,000 $192,000
2016 $3,636 $254,000 $80,000 $174,000
2015 $3,364 $243,000 $91,000 $152,000
2014 -- $230,000 $85,000 $145,000
2013 -- $194,000 $85,000 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1926711

Northwest Multiple Listing Service (NWMLS)

APN: 029450-0120