31315 2nd Ave SW Federal Way, WA 98023
Mirror Lake NeighborhoodEstimated Value: $478,000 - $625,420
3
Beds
2
Baths
1,830
Sq Ft
$309/Sq Ft
Est. Value
About This Home
This home is located at 31315 2nd Ave SW, Federal Way, WA 98023 and is currently estimated at $565,605, approximately $309 per square foot. 31315 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
Sep 24, 2020
Sold by
Madison Housing Gp Llc
Bought by
Madison Housing Lllp
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,710
Outstanding Balance
$86,587
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$479,018
Purchase Details
Closed on
Apr 25, 1991
Sold by
Murphy William J
Bought by
Murphy Linda L
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Madison Housing Lllp | -- | First American Title | |
| Murphy Linda L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murphy William J | $105,710 | |
| Closed | Murphy Linda L | $105,710 | |
| Previous Owner | Murphy William J | $110,000 | |
| Previous Owner | Murphy William John | $168,500 | |
| Previous Owner | Murphy William J | $119,000 |
Source: Public Records
Tax History Compared to Growth
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 | $6,087 | $602,000 | $281,000 | $321,000 |
| 2023 | $5,972 | $545,000 | $254,000 | $291,000 |
| 2022 | $4,363 | $482,000 | $231,000 | $251,000 |
| 2021 | $4,474 | $382,000 | $184,000 | $198,000 |
| 2020 | $4,124 | $369,000 | $158,000 | $211,000 |
| 2018 | $4,175 | $329,000 | $126,000 | $203,000 |
| 2017 | $3,557 | $292,000 | $115,000 | $177,000 |
| 2016 | $3,505 | $248,000 | $105,000 | $143,000 |
| 2015 | $3,264 | $234,000 | $100,000 | $134,000 |
| 2014 | -- | $223,000 | $100,000 | $123,000 |
| 2013 | -- | $182,000 | $102,000 | $80,000 |
Source: Public Records
Map
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