31111 53rd Ave SW Federal Way, WA 98023
Twin Lakes NeighborhoodEstimated payment $7,097/month
Highlights
- Second Kitchen
- 0.64 Acre Lot
- 2 Fireplaces
- RV Access or Parking
- Deck
- Corner Lot
About This Home
Welcome to this well-maintained home with stunning water views! Situated on a 0.64-acre lot with two parcel numbers, it offers great potential for future development. The main and upper levels feature 3 bedrooms, a spacious living room, family room, and a large bonus room. Relax on the wraparound deck and enjoy breathtaking sunsets over the Sound. The finished basement generates $1,600/month in rental income—an ideal blend of lifestyle and passive income. Don’t miss this rare opportunity to own a water-view home with space, flexibility, and investment potential!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2388457
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,270
Year Built
- Built in 1947
Lot Details
- 0.64 Acre Lot
- Street terminates at a dead end
- Corner Lot
Parking
- 6 Car Attached Garage
- Attached Carport
- RV Access or Parking
Home Design
- Poured Concrete
- Composition Roof
Interior Spaces
- 4,550 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Finished Basement
- Natural lighting in basement
- Storm Windows
Kitchen
- Second Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- High Efficiency Heating System
- Propane
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- Dash Point Subdivision
Listing and Financial Details
- Assessor Parcel Number 3210200082
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,426 | $957,000 | $323,000 | $634,000 |
| 2023 | $9,358 | $865,000 | $293,000 | $572,000 |
| 2022 | $8,467 | $933,000 | $299,000 | $634,000 |
| 2021 | $7,703 | $756,000 | $272,000 | $484,000 |
| 2020 | $7,377 | $645,000 | $250,000 | $395,000 |
| 2018 | $8,439 | $656,000 | $211,000 | $445,000 |
| 2017 | $7,569 | $598,000 | $198,000 | $400,000 |
| 2016 | $7,099 | $536,000 | $198,000 | $338,000 |
| 2015 | $6,487 | $481,000 | $184,000 | $297,000 |
| 2014 | -- | $450,000 | $172,000 | $278,000 |
| 2013 | -- | $409,000 | $164,000 | $245,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $1,150,000 | +121.2% | $253 / Sq Ft |
| 12/30/2016 12/30/16 | Sold | $520,000 | -3.7% | $115 / Sq Ft |
| 11/10/2016 11/10/16 | Pending | -- | -- | -- |
| 11/02/2016 11/02/16 | For Sale | $540,000 | +3.8% | $119 / Sq Ft |
| 10/31/2016 10/31/16 | Off Market | $520,000 | -- | -- |
| 10/25/2016 10/25/16 | Price Changed | $540,000 | -7.7% | $119 / Sq Ft |
| 08/03/2016 08/03/16 | Price Changed | $585,000 | -3.1% | $129 / Sq Ft |
| 07/26/2016 07/26/16 | For Sale | $604,000 | -- | $133 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $520,000 | Fidelity Natio | |
| Warranty Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,000 | New Conventional | |
| Closed | $312,000 | Commercial | |
| Previous Owner | $80,000 | Credit Line Revolving | |
| Previous Owner | $123,200 | Credit Line Revolving | |
| Previous Owner | $72,000 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2388457
APN: 321020-0082
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Based on information submitted to the MLS GRID
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