Listed by Home Team Northwest Inc
NOT LISTED FOR SALE

29003 28th Place S Federal Way, WA 98003

Estimated Value: $525,000 - $617,000

4 Beds
4 Baths
1,680 Sq Ft
$345/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $275,000 $164 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,504/month

4 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of September 2016

Excellent investment opportunity! Monthly rent income is $2,200. This duplex is priced to sell. Long term tenants, one 6+ yrs., other 3+ years. Excellent rental history, one unit was vacant for 2 month remodel last year. One of the two units underwent a $40K remodel last year (2015). DO NOT CONTACT TENANTS!

Last Agent to Sell the Property

Timothy Evans

Home Team Northwest Inc License #25160 Listed on: 07/28/2016

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 978400

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,563

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 7,200 Sq Ft Lot
  • Street terminates at a dead end

Home Design

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

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Private Water Source

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 0294500060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,563

Year Built

Built in 1980 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1680
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • 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: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • 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: Private
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 1300

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 0294500060
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 20958
  • Number Of Units Total: 2
  • Insurance Expense: 579
  • Leasable Area: 1680
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3563

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Sep 8, 2016
Sold by
Delfierro Sindy
Bought by
Shoshtari Seyed Iman Rejaie and Ghandi Mana Sadat
Seller's Agent
Timothy Evans
Home Team Northwest Inc
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$580,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,009
Avg. Annual Appreciation
8.12%
Original Mortgage
$206,250
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Walsh Michael P and Walsh Lisa R
Bought by
Delfierro Sindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,900
Interest Rate
5.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2004
Sold by
Wooliff Gerard M and Woodlief Darlene
Bought by
Walsh Michael P and Walsh Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Hill Ernest J
Bought by
Woodlief Gerard M

Purchase Details

Closed on
May 5, 2003
Sold by
Woodlief Darlene
Bought by
Woodlief Gerard M

Purchase Details

Closed on
Nov 22, 2000
Sold by
Hill Calvin E
Bought by
Hill Calvin E and Hill Deanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
8.78%

Purchase Details

Closed on
Jul 20, 1995
Sold by
Jazbec Richard W
Bought by
Hill Ernest J and Hill Calvin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,211
Interest Rate
7.59%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shoshtari Seyed Iman Rejaie $275,000 Cw Title
Delfierro Sindy $298,700 Fidelity Natio
Walsh Michael P $235,000 Fidelity Natio
Woodlief Gerard M $72,470 --
Woodlief Gerard M -- --
Woodlief Gerard M $72,470 --
Hill Calvin E -- Chicago Title
Hill Ernest J -- Chicago Title
Hill Ernest J $124,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoshtari Seyed Iman Rejaie $206,250
Previous Owner Delfierro Sindy $29,900
Previous Owner Delfierro Sindy $239,200
Previous Owner Walsh Michael P $188,000
Previous Owner Hill Calvin E $149,400
Previous Owner Hill Ernest J $123,211
Closed Walsh Michael P $35,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2016 09/14/16 Sold $275,000 0.0% $164 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $275,000 -- $164 / 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 $5,145 $510,000 $135,000 $375,000
2023 $5,114 $464,000 $123,000 $341,000
2022 $4,363 $498,000 $132,000 $366,000
2021 $3,982 $382,000 $120,000 $262,000
2020 $3,774 $327,000 $104,000 $223,000
2018 $3,840 $298,000 $84,000 $214,000
2017 $3,543 $268,000 $84,000 $184,000
2016 $3,563 $247,000 $80,000 $167,000
2015 $3,293 $238,000 $91,000 $147,000
2014 -- $225,000 $85,000 $140,000
2013 -- $190,000 $85,000 $105,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 978400

Northwest Multiple Listing Service (NWMLS)

APN: 029450-0060