NOT LISTED FOR SALE

31218 2nd Ave SW Federal Way, WA 98023

Mirror Lake Neighborhood

Estimated Value: $553,000 - $652,000

8 Beds
3 Baths
2,420 Sq Ft
$251/Sq Ft Est. Value

About This Home

This home is located at 31218 2nd Ave SW, Federal Way, WA 98023 and is currently estimated at $607,072, approximately $250 per square foot. 31218 2nd Ave 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
Jun 13, 2024
Sold by
Do Seung Kyu
Bought by
Aguilar Alexis M and Ramos Jose Alan
Current Estimated Value
$607,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$481,089
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$109,169

Purchase Details

Closed on
Oct 20, 2016
Sold by
Joung So Young and Do Seung Kyu
Bought by
Do Seung Kyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2016
Sold by
Progress Residential 2014-1 Borrower Llc
Bought by
Freo Washington Llc

Purchase Details

Closed on
Sep 19, 2014
Sold by
Freo Washington Llc
Bought by
Progress Residential 2014-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,218,000
Interest Rate
4.07%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 1, 2013
Sold by
Eastside Funding Llc
Bought by
Freo Washington Llc

Purchase Details

Closed on
Feb 27, 2013
Sold by
Lattimar Tana J
Bought by
Freo Washington Llc

Purchase Details

Closed on
May 31, 2007
Sold by
Lattimar Robert Jb
Bought by
Lattimar Tana J

Purchase Details

Closed on
Oct 13, 2003
Sold by
Hope Always
Bought by
Lattimar Robert J and Lattimar Tana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 1998
Sold by
Hud
Bought by
Hope Always

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,800
Interest Rate
6.99%

Purchase Details

Closed on
Sep 17, 1997
Sold by
Norwest Mtg Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,693
Interest Rate
7.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 24, 1997
Sold by
Dean Dennis W and Dean Sharold J
Bought by
Norwest Mtg Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,693
Interest Rate
7.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 22, 1995
Sold by
Kent Ronald G and Kent Trisha R
Bought by
Dean Dennis W and Dean Sharold J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,693
Interest Rate
7.97%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Aguilar Alexis M $500,000 First American Title Insurance
Do Seung Kyu -- Chicago Title
Do Seung Kyu $290,000 Chicago Title
Freo Washington Llc -- Chicago Title
Progress Residential 2014-1 Borrower Llc -- Fidelity Natl Title Group
Freo Washington Llc -- None Available
Freo Washington Llc $174,100 None Available
Lattimar Tana J -- None Available
Lattimar Robert J -- Transnation Ti
Hope Always $113,000 Chicago Title Insurance Co
Hud -- Evergreen Title Company Inc
Norwest Mtg Inc $133,810 Evergreen Title Company Inc
Dean Dennis W $126,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguilar Alexis M $485,000
Previous Owner Do Seung Kyu $190,000
Previous Owner Progress Residential 2014-1 Borrower Llc $473,218,000
Previous Owner Lattimar Robert J $169,500
Previous Owner Hope Always $138,800
Previous Owner Norwest Mtg Inc $124,693
Previous Owner Dean Dennis W $124,693
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 $5,191 $514,000 $190,000 $324,000
2023 $5,135 $466,000 $172,000 $294,000
2022 $4,571 $506,000 $157,000 $349,000
2021 $4,333 $401,000 $125,000 $276,000
2020 $3,995 $357,000 $103,000 $254,000
2018 $4,049 $319,000 $82,000 $237,000
2017 $3,445 $283,000 $75,000 $208,000
2016 $3,345 $240,000 $69,000 $171,000
2015 $3,108 $223,000 $66,000 $157,000
2014 -- $212,000 $66,000 $146,000
2013 -- $168,000 $73,000 $95,000
Source: Public Records

Map

Washington King County Federal Way 98003 Mirror Lake

31218 2nd Ave SW, Federal Way, WA

This home is located at 31218 2nd Ave SW, Federal Way, WA 98023 and is currently estimated at $607,072, approximately $250 per square foot. 31218 2nd Ave SW is a home located in King County with nearby schools including Lake Grove Elementary School, Lakota Middle School, and Federal Way High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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