NOT LISTED FOR SALE

3115 2nd Ave SW Federal Way, WA 98023

Estimated Value: $478,000

0.39 Acre
$1,225,641 Price per Acre
16,988 Sq Ft Lot

Last Sold February 21, 2020

Last sale price $45,000

Est. 962% increase in value since last sale

Current estimated payment $2,682/month

581 Days on Market

About This Lot

As of February 2020

A great building site with many possibilities. Close to schools, shopping & entertainment. Ideal for commuters, close to major routes. NO WETLANDS. Water, power, phone in street. Positive soils studies for septic. City of Federal Way for permitting. Five other lots next to this to choose from. Buyer to verify all to own satisfaction. Bring parcel maps. For GPS use 37006 2ND AVE SW.

Last Agent to Sell the Property

Nicolas Lind

Commencement Bay Brokers LLC License #26554 Listed on: 05/15/2018

Last Buyer's Agent

Nicolas Lind

Commencement Bay Brokers LLC License #26554 Listed on: 05/15/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1293134

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $354

Lot Details

Property Views

  • Mountain
  • Territorial

Additional Features

  • Sloped Lot
  • Sewer Not Available

Community Details

  • S Federal Way Community

Listing and Financial Details

  • Assessor Parcel Number 2188203115

Property Details

Property Type

Land

Est. Annual Taxes

$354

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Comm. Grade Timber, Evergreens, Heavily Forested
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: Unknown
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Gravel
  • Road On Which Sideof Property: East
  • View: Mountain, Territorial
  • Water Jurisdiction: Lakehaven

Utilities

  • Electricity: In Street
  • Gas Available: Not Available
  • Septic Designedand Appliedfor: Y
  • Septic System Type: Drip Irrigation
  • Sewer: Not Available
  • Water: Available, In Street

Condo/Co-op/Association

  • Community Name: S Federal Way
  • Project: East Tacoma Add

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: FED

Lot Info

  • Lot Number: 25-28
  • General Zoning Classification: Residential
  • Lot Sq Ft: 17000
  • Parcel Number: 2188203115
  • Slopeof Property: East
  • Soils Feasibility Available: Y
  • Topography: Sloped
  • Zoning Jurisdiction: City
  • Zoning Remarks: RS15

Tax Info

  • Tax Amount: 129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Feb 19, 2020
Sold by
Graddon Land Company Inc
Bought by
Cbs Handley Llc
Seller's Agent
Nicolas Lind
Commencement Bay Brokers LLC
Buyer's Agent
Nicolas Lind
Commencement Bay Brokers LLC
List Price
$45,000
Sold Price
$45,000
Total Days on Market
581
Current Estimated Value
$478,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,000
Original Mortgage
$750,000
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 26, 2004
Sold by
King Calvin I and Carnay Henri K
Bought by
Medley Elizabeth C and Cole Inez M

Purchase Details

Closed on
Jun 23, 1993
Sold by
Medley Elizabeth C
Bought by
King Calvin I
Source: Public Records

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    • Land
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    • $1,069,048 per Acre
    • 0 SW 296th St
    • Federal Way, WA

    At home on the shores of Puget Sound, this exquisite waterfront property captures the essence of Pacific Northwest living. One of the last undeveloped waterfront parcels on the beach presents Seventy-eight waterfront feet of your own private resort where otters, whales and sailboats play in the salty breeze. Paddle into town or stay in and watch the ever-changing sunsets and sparkling lights

    Sam Cunningham COMPASS

    Section Image

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
Cbs Handley Llc $45,000 First American Title Ins Co
Medley Elizabeth C $30,500 Transnation Ti
King Calvin I $38,000 --
Medley Michael John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cbs Handley Llc $750,000
Previous Owner Graddon Land Co Inc $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $45,000 0.0% --
12/17/2019 12/17/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $45,000 0.0% --
01/03/2019 01/03/19 Pending -- -- --
09/11/2018 09/11/18 Price Changed $45,000 -30.8% --
05/15/2018 05/15/18 For Sale $65,000 -- --
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 $354 $38,000 $38,000 --
2023 $349 $32,000 $32,000 $0
2022 $357 $36,000 $36,000 $0
2021 $111 $32,000 $32,000 $0
2020 $110 $9,000 $9,000 $0
2018 $129 $9,000 $9,000 $0
2017 $129 $9,000 $9,000 $0
2016 $134 $9,000 $9,000 $0
2015 $131 $9,000 $9,000 $0
2014 -- $9,000 $9,000 $0
2013 -- $9,000 $9,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1293134

Northwest Multiple Listing Service (NWMLS)

APN: 218820-3115