NOT LISTED FOR SALE

Estimated Value: $408,000 - $536,000

1 Bed
1 Bath
720 Sq Ft
$666/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $450,000 $625 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,831/month

Highlights

  • Level Lot
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of November 2021

Opportunity in Federal Way! Large, level, 2.14 acre lot near Steel Lake & S.L. Park. Currently a cozy 1 bed 1 bath 720sqft home on property W/long term tenant. Water, Electricity & Sewer are to the house. Tenant would like to stay on during development & planning, which could mean added bonus income for savvy builder during permitting. Zoned Single-Family Residential – RS7.2 - allows for variety of home styles. Incredible easy access to I-5, Hwy167, Hwy18 & the mass transit bus terminal as well as the Sounder train in Auburn plus easy/quick access to major shopping & entertainment opportunities. Site infrastructure is underway for Sound Transit along the back of the property. Heavily wooded, timber possible to be harvested for added income.

Last Agent to Sell the Property

Ebbie Smith

Keller Williams Rlty Bellevue License #26900 Listed on: 10/14/2021

Keller Williams Rlty Bellevue

Co-Listed By

Wesley Jones

Keller Williams Rlty Bellevue License #50134

Last Buyer's Agent

Chris Lee

CENTURY 21 Real Estate Center License #50382

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1853823

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,716

Year Built

  • Built in 1963

Lot Details

  • Level Lot
  • Property is zoned RS 7.2

Home Design

  • Composition Roof
  • Wood Siding

Flooring

  • Wall to Wall Carpet

Schools

  • Wildwood Elementary School
  • Sacajawea Jnr High Middle School

Community Details

  • Federal Way Community

Listing and Financial Details

  • Assessor Parcel Number 0921049009

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,716

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Wall To Wall Carpet
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 720
  • Square Footage Finished: 720
  • Total Square Footage: 720

Exterior Features

  • Exterior: Wood
  • Roof: Composition

Utilities

  • Heating And Cooling: Baseboard
  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Federal Way

Schools

  • School District: FED
  • Junior High: Sacajawea Jnr High

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 93322
  • Lot Topography Vegetation: Level
  • Parcel Number: 0921049009
  • Zoning Code: RS 7.2
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Year: 2021
  • Tax Amount: 2661

MLS Schools

  • Elementary School: Wildwood Elem
  • Senior High: Federal Way Snr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Falvic Llc
Bought by
City Of Fed'L Way
Current Estimated Value
$479,207

Purchase Details

Listed on
Oct 14, 2021
Closed on
Nov 16, 2021
Sold by
Jacobs Steven
Bought by
Falvic Llc
Seller's Agent
Ebbie Smith
Keller Williams Rlty Bellevue
Buyer's Agent
Chris Lee
CENTURY 21 Real Estate Center
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%

Purchase Details

Closed on
Nov 15, 2019
Sold by
Jacobs Steven and Jacobs Sarah
Bought by
Central Puget Sound Regional Transit Aut

Purchase Details

Closed on
Apr 16, 2019
Sold by
Tessen Mark W
Bought by
Empire Lane 8 Llc

Purchase Details

Closed on
Jul 10, 2006
Sold by
Quinnett Clare M
Bought by
Jacobs Steven and Jacobs Sarah

Purchase Details

Closed on
Aug 27, 1993
Sold by
Lee Vivienne L
Bought by
King Leyvonne E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
City Of Fed'L Way $485,000 Chicago Title
Falvic Llc $450,000 Fidelity National Title
Central Puget Sound Regional Transit Aut -- Chicago Title Company Of Wa
Empire Lane 8 Llc $300,000 Stewart Title
Jacobs Steven $250,000 Rainier Title
King Leyvonne E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $450,000 -10.0% $625 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $500,000 -- $694 / 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 $3,716 $366,000 $244,000 $122,000
2023 $2,775 $333,000 $222,000 $111,000
2022 $2,893 $272,000 $271,000 $1,000
2021 $2,661 $248,000 $247,000 $1,000
2020 $2,306 $214,000 $213,000 $1,000
2018 $2,628 $181,000 $172,000 $9,000
2017 $2,512 $181,000 $172,000 $9,000
2016 $2,618 $173,000 $164,000 $9,000
2015 $2,257 $173,000 $124,000 $49,000
2014 -- $152,000 $115,000 $37,000
2013 -- $128,000 $115,000 $13,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1853823

Northwest Multiple Listing Service (NWMLS)

APN: 092104-9009