$331,000
SOLD MAR 3, 2017
-- Bed
-- Bath
1,850 Sq Ft
0.26 Acres

Recently Sold

$179 Per Sq Ft

1% Below List Price

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Property is Fully Fenced
  • Territorial View
  • Patio
  • Wood Siding

About This Home

As of July 2022

Opportunity knocks!! Duplex unit in Central Federal Way is available for the investor or the homeowner who wants to supplement their payment. High demand rental area close to all amenities will benefit max rent range. Vacant unit side has some remodeling done, as well as the tenant side. Units have 1 car garage that could be converted for additional sqft and rent. Non through street with plenty of off road parking. RV's too. Separate fenced backyards. Close-In to shopping, schools, & much more.

Co-Listed By

John Valentine

Berkshire Hathaway HS NW License #110601

Berkshire Hathaway HS NW

Last Buyer's Agent

Charlene Little

eXp Realty License #107639

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1058338

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1976

Lot Details

  • 0.26 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,850 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0521049184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,418

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1850
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Wood
  • PowerCompany: PS&E
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 0521049184
  • Lot Size Acres: 0.2594
  • Lot Size Sq Ft: 11300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: KC Tax Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

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

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3418

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1850
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 25, 2022
Sold by
Jonathon Witt
Bought by
Asherz Milton A and Asherz Renita
Seller's Agent
Charlene Little
eXp Realty
Buyer's Agent
Holly Schramm
Berkshire Hathaway HS NW
List Price
$605,000
Sold Price
$600,000
Premium/Discount to List
-$5,000
-0.83%
Current Estimated Value
$627,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,960
Avg. Annual Appreciation
-0.46%
Original Mortgage
$450,000
Outstanding Balance
$433,879
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$157,469

Purchase Details

Closed on
May 1, 2018
Sold by
Witt Jonathan
Bought by
Witt Deshawn and Witt Jonathan

Purchase Details

Listed on
Dec 15, 2016
Closed on
Feb 24, 2017
Sold by
Clark Thomas and Thompson Ilona
Bought by
Witt Jonathon
Buyer's Agent
Charlene Little
eXp Realty
List Price
$335,000
Sold Price
$331,000
Premium/Discount to List
-$4,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%
Original Mortgage
$308,963
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2006
Sold by
Thompson Ilona S
Bought by
Clark Thomas H and Thompson Ilona S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.29%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Kartchner Steve P
Bought by
Thompson Ilona S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,920
Interest Rate
6.5%

Purchase Details

Closed on
Mar 10, 1998
Sold by
Takata Akira and Takata Mieko
Bought by
Kartchner Steve P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,720
Interest Rate
7.11%
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 Type Sale Price Title Company
Warranty Deed $600,000 Wfg National Title Company Of
Warranty Deed -- None Available
Warranty Deed $331,000 Stewart Title
Warranty Deed -- Stewart Title
Warranty Deed $222,400 First American
Warranty Deed $136,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $298,500 New Conventional
Previous Owner $40,000 No Value Available
Previous Owner $308,963 FHA
Previous Owner $240,000 No Value Available
Previous Owner $177,920 No Value Available
Previous Owner $138,720 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $600,000 -0.8% $324 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $605,000 0.0% $327 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $605,000 +82.8% $327 / Sq Ft
03/03/2017 03/03/17 Sold $331,000 +3.8% $179 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/09/2017 01/09/17 Price Changed $319,000 -4.8% $172 / Sq Ft
12/28/2016 12/28/16 For Sale $335,000 0.0% $181 / Sq Ft
12/22/2016 12/22/16 Pending -- -- --
12/15/2016 12/15/16 For Sale $335,000 -- $181 / 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 $5,652 $564,000 $162,000 $402,000
2023 $5,467 $511,000 $146,000 $365,000
2022 $4,999 $555,000 $133,000 $422,000
2021 $4,392 $440,000 $106,000 $334,000
2020 $4,054 $362,000 $93,000 $269,000
2018 $4,119 $324,000 $75,000 $249,000
2017 $3,515 $288,000 $69,000 $219,000
2016 $3,418 $245,000 $63,000 $182,000
2015 $3,179 $228,000 $60,000 $168,000
2014 -- $217,000 $60,000 $157,000
2013 -- $173,000 $66,000 $107,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1058338

Northwest Multiple Listing Service (NWMLS)

APN: 052104-9184