Listed by Marketplace Sotheby's Intl Rty, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

31440 48th Place SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $617,000 - $636,000

3 Beds
3 Baths
1,680 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 28, 2014

Last sale price $286,000 $170 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,853/month

25 Days on Market

About This Home

As of October 2014

3 bdrm, 2 story home w/ plenty of updates! Formal living & dining rooms on main, along w/ a den (new carpet), & beautifully updated kitchen (newer cabinets, counters, SS appliances, & bamboo flooring). 2 bdrms upstairs, including master w/ remodeled bath. Features include composite roof installed in '07 (50 yr life); New back deck; Tankless water heater; Sprinkler system in front; Built-in vacuum system; Sits in quiet neighborhood, backed to greenbelt, close to parks & shopping. HOA is $200/yr.

Last Agent to Sell the Property

Al Franzen

Marketplace Sotheby's Intl Rty Listed on: 09/12/2014

Co-Listed By

Cindy Kourkos

Windermere RE/Lake Tapps, Inc License #107182

Last Buyer's Agent

Tanner Tinney

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM693952

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$5,337

Year Built

1987

Lot Details

0

Listing Details

  • Sq Ft Finished: 1680
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1987

Interior Features

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Features: Bath Off Master, Built-In Vacuum, Double Pane/Storm Window, High Tech Cabling, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 1
  • Floor: Hardwood, Vinyl, Wall to Wall Carpet
  • Water Heater Location: Garage-Gas

Exterior Features

  • Roof: Composition
  • Community Features: CCRs
  • Exterior: Brick, Wood Products
  • Foundation: Poured Concrete
  • Lot Details: Curbs, Dead End Street, Paved Street, Sidewalk
  • Roof: Composition
  • Site Features: Cable TV, Deck, Full Fence, Natural Gas Available, Sprinkler System
  • View: Territorial
  • Lot Topography: Garden Space, Level

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: Lakehaven
  • Water Company: Tacoma
  • Water Source: Community

Condo/Co-op/Association

  • HOA Fees: 17
  • HOA Fee Frequency: Annual

Schools

  • School District: FED
  • Elementary School: Twin Lakes Elem
  • Middle School: Lakota Mid Sch
  • High School: Decatur High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2014
Closed on
Oct 23, 2014
Sold by
Profit Roger K
Bought by
Pinto Mark Alex and Pinto Hye Won
Seller's Agent
Al Franzen
Marketplace Sotheby's Intl Rty
Buyer's Agent
Tanner Tinney
John L. Scott, Inc.
List Price
$289,950
Sold Price
$286,000
Premium/Discount to List
-$3,950
-1.36%
Current Estimated Value
$625,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,425
Avg. Annual Appreciation
7.48%
Original Mortgage
$292,149
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Closed on
Feb 24, 2004
Sold by
Profit Sue D
Bought by
Profit Roger K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,669
Interest Rate
5.65%
Mortgage Type
VA

Purchase Details

Closed on
Jul 9, 2002
Sold by
Kirchner Carl E and Kirchner Joan D
Bought by
Profit Roger K and Profit Sue D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,690
Interest Rate
6.71%
Mortgage Type
VA

Purchase Details

Closed on
Oct 25, 1995
Sold by
Prudential Residential Svcs Ltd Prtnrshp
Bought by
Kirchner Carl E and Kirchner Joan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.58%
Source: Public Records

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
Pinto Mark Alex $286,000 Ticor National
Profit Roger K -- Stewart Title
Profit Roger K $223,000 Chicago Title Insurance Co
Kirchner Carl E $144,900 --
Prudential Residential Svcs Ltd Prtnrshp $144,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinto Mark Alex $268,938
Closed Pinto Mark Alex $292,149
Previous Owner Profit Roger K $250,122
Previous Owner Profit Roger K $64,600
Previous Owner Profit Roger K $233,669
Previous Owner Profit Roger K $229,690
Previous Owner Kirchner Carl E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2014 10/28/14 Sold $286,000 -1.4% $170 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $289,950 -- $173 / Sq Ft
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 $5,337 $532,000 $188,000 $344,000
2023 $5,124 $481,000 $171,000 $310,000
2022 $4,791 $519,000 $174,000 $345,000
2021 $4,357 $421,000 $159,000 $262,000
2020 $4,159 $359,000 $146,000 $213,000
2018 $4,300 $330,000 $118,000 $212,000
2017 $3,863 $301,000 $111,000 $190,000
2016 $3,796 $270,000 $111,000 $159,000
2015 $3,477 $254,000 $103,000 $151,000
2014 -- $238,000 $96,000 $142,000
2013 -- $217,000 $92,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Al Franzen

    Marketplace Sotheby's Intl Rty

    Section Image
  • Cindy Kourkos

    Seller Co-Listing Agent in 2014

    Cindy Kourkos

    Windermere Corporate

    (253) 441-5162

    5 Total Sales

    Section Image

  • T

    Buyer's Agent in 2014

    Tanner Tinney

    John L. Scott, Inc.

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM693952

Northwest Multiple Listing Service (NWMLS)

APN: 211572-0500

Washington King County Federal Way 98023 Twin Lakes

31440 48th Place SW, Federal Way, WA

This home is located at 31440 48th Place SW, Federal Way, WA 98023 since 12 September 2014 and is currently estimated at $625,425, approximately $372 per square foot. This property was built in 1987. 31440 48th Place SW is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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