NOT LISTED FOR SALE

31123 2nd Place SW Federal Way, WA 98023

Mirror Lake Neighborhood

Estimated Value: $772,678 - $902,000

4 Beds
3 Baths
2,767 Sq Ft
$303/Sq Ft Est. Value

About This Home

This home is located at 31123 2nd Place SW, Federal Way, WA 98023 and is currently estimated at $837,670, approximately $302 per square foot. 31123 2nd Place SW is a home located in King County with nearby schools including Lake Grove Elementary School, Lakota Middle School, and Federal Way High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2008
Sold by
Lyle Homes Inc
Bought by
Choe Pyong
Current Estimated Value
$837,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Outstanding Balance
$236,729
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$600,941

Purchase Details

Closed on
Jul 27, 2007
Sold by
Lakota Crest Llc
Bought by
Lyle Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,922,800
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage
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.

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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.

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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.

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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.

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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
Choe Pyong $475,000 Commonwealth L
Lyle Homes Inc -- Commonwealth L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choe Pyong $356,250
Previous Owner Lyle Homes Inc $1,922,800
Source: Public Records

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 $6,860 $688,000 $248,000 $440,000
2023 $6,797 $623,000 $224,000 $399,000
2022 $6,053 $677,000 $204,000 $473,000
2021 $5,480 $536,000 $163,000 $373,000
2020 $5,057 $455,000 $133,000 $322,000
2018 $5,122 $406,000 $106,000 $300,000
2017 $5,005 $360,000 $97,000 $263,000
2016 $5,571 $352,000 $89,000 $263,000
2015 $5,167 $376,000 $85,000 $291,000
2014 -- $357,000 $85,000 $272,000
2013 -- $293,000 $89,000 $204,000
Source: Public Records

Map

Washington King County Federal Way 98023 Mirror Lake

31123 2nd Place SW, Federal Way, WA

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