NOT LISTED FOR SALE

30829 22nd Ave S Unit A & B Federal Way, WA 98003

Steel Lake Neighborhood

Estimated Value: $630,000 - $684,000

6 Beds
2 Baths
2,720 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $560,000 $206 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,181/month

5 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Wood Siding
  • Territorial View
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of February 2022

Great investment opportunity! Check out this large .29-acre property with two separate living units. Unit A is a 3-bedroom, 1 bath, rambler and currently rents for $1,600 a month. Unit B is 3-bedroom, 1 bath, and currently rents for $1,700. Both tenants are great and have expressed interest in staying at the property but are on month-to-month leases now. Roof, crawlspace insulation, and gas furnace have all been updated in recent years. Plenty of extra parking. Nice location just a couple blocks from Steel Lake and the park!

Last Listed By

Ryan Wilkerson

John L. Scott Woodinville License #26166 Listed on: 01/19/2022

John L. Scott Woodinville

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1877933

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,105

Year Built

  • Built in 1951

Lot Details

  • 0.29 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,720 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Wildwood Elementary School
  • Sacajawea Jnr High Middle School
  • Federal Way Snr High School

Community Details

  • No Home Owners Association
  • Barkers Steel Lake Trs Condos
  • Federal Way Subdivision

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 0537000561

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,105

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1951
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Barkers Steel Lake Trs
  • New Construction: No
  • CalculatedSquareFootage: 2720
  • Special Features: None
  • Cumulative Days on Market: 266

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Lake Haven
  • WaterCompany: Lake Haven
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 1678

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way
  • High School: Federal Way Snr High
  • Middle Or Junior School: Sacajawea Jnr High

Lot Info

  • Parcel Number: 0537000561
  • Lot Size Acres: 0.286
  • Lot Size Sq Ft: 12460
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 107

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.88
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 32385
  • Number Of Units Total: 2
  • Insurance Expense: 432
  • Leasable Area: 2720
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5105

MLS Schools

  • Elementary School: Wildwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 5, 2022
Sold by
Wilkerson Chester A
Bought by
Hzhou Llc
Seller's Agent
Ryan Wilkerson
John L. Scott Woodinville
Buyer's Agent
Ryan Wilkerson
John L. Scott Woodinville
List Price
$550,000
Sold Price
$560,000
Premium/Discount to List
$10,000
1.82%
Total Days on Market
5
Current Estimated Value
$657,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,424
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Mar 7, 2007
Sold by
Griffin Rose M
Bought by
Wilkerson Chester A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 16, 1993
Sold by
Parthemer Gertrude A
Bought by
Griffin Rose M

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
Hzhou Llc $560,000 Wfg National Title Company Of
Wilkerson Chester A $290,000 Old Republic T
Griffin Rose M $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilkerson Chester A $203,000
Previous Owner Wilkerson Chester A $145,000
Previous Owner Wilkerson Chester A $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $560,000 +1.8% $206 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $550,000 -- $202 / 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 $6,012 $602,000 $165,000 $437,000
2023 $6,313 $548,000 $150,000 $398,000
2022 $5,592 $644,000 $160,000 $484,000
2021 $5,105 $494,000 $146,000 $348,000
2020 $4,847 $423,000 $126,000 $297,000
2018 $4,927 $385,000 $101,000 $284,000
2017 $4,546 $346,000 $101,000 $245,000
2016 $3,505 $319,000 $97,000 $222,000
2015 $3,250 $234,000 $86,000 $148,000
2014 -- $222,000 $80,000 $142,000
2013 -- $187,000 $80,000 $107,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1877933

Northwest Multiple Listing Service (NWMLS)

APN: 053700-0561