Listed by Ara Realty
$260,000
PENDING $29K PRICE DROP

31500 33rd Place SW Unit U101 Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated payment $2,085/month

Total Views 2,354
2 Beds
2 Baths
1,038 Sq Ft
$250 Price per Sq Ft

Highlights

  • Fitness Center
  • RV Parking in Community
  • 28.64 Acre Lot
  • RV Access or Parking
  • Gated Community
  • Clubhouse

About This Home

Short Sale. Give us your best offer. Ground floor end unit backing to greenbelt. LVP flooring, walk in closets, fireplace and breakfast bar. No special assessment or rental cap. Walk to schools and so much more. You will love the community club house, exercise room and pool, hot tub, plus community garden and RV parking!

Listing Agent

Ara Hakobyan

Ara Realty License #25798 Listed on: 07/29/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2414151

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,561

Year Built

  • Built in 1990

Lot Details

  • Open Space
  • End Unit
  • Street terminates at a dead end
  • North Facing Home

HOA Fees

  • $382 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,038 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Insulated Windows
  • Blinds
  • Territorial Views

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Uncovered Parking
  • RV Access or Parking

Outdoor Features

  • Balcony

Location

  • Ground Level Unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Twin Lakes Elementary School
  • Lakota Mid Sch Middle School
  • Decatur High School

Utilities

  • Baseboard Heating
  • Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, lawn service, security, trash
  • 172 Units
  • Judy Lemke Association
  • Secondary HOA Phone (866) 473-2573
  • Madera West Condos
  • Twin Lakes Subdivision
  • Park Phone (866) 473-2573 | Manager RealManage Washington
  • RV Parking in Community

Amenities

  • Community Garden
  • Clubhouse

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Restriction

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,561

Year Built

Built in 1990

Lot Details

0

HOA Fees

$382 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1990
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Pending Short Sale
  • Prev Status: Pending
  • Architectural Style: Contemporary
  • Building Name: Madera West
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1038
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 6
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Ground Floor,Insulated Windows,Primary Bath,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2414151?w=Consumer&agent=87838
  • Special Features: 12

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl, Vinyl Plank
  • Interior Amenities: Cooking-Gas, Dryer-Electric, End Unit, Fireplace, Ground Floor, Insulated Windows, Primary Bathroom, Walk-In Closet(s), Washer, Water Heater
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Stories: 2
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: Back Porch
  • WindowCoverings: Blinds
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Direction Faces: North
  • Exterior Features: Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: Yes
  • Parking Features: Carport, RV Parking, Uncovered
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 94, 183

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate, Security Service
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Washer
  • PowerCompany: PSE
  • SewerCompany: HOA
  • WaterCompany: HOA
  • WaterHeaterLocation: Back Porch Closet
  • WaterHeaterType: Electric
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Cable TV, Club House, Exercise Room, Garden Space, Gated, Outside Entry, Playground, Pool, RV Parking
  • Park Manager Name: RealManage Washington
  • Park Manager Phone: 866-473-2573
  • Senior Community: No
  • Association Fee: 381.77
  • Association Fee Frequency: Monthly
  • Phone: 866-473-2573
  • Association: Yes
  • Pets Allowed: Subject to Restrictions
  • Common Interest: Condominium
  • AssociationContactName: Judy Lemke
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Clubhouse,Exercise Room,Garden Space,Gated Entry,Outside Entry,Playground,Pool-Outdoor,RV Parking,Security Gate

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Lawn Service, Security, Trash
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Federal Way
  • High School: Decatur High
  • Middle Or Junior School: Lakota Mid Sch

Lot Info

  • Parcel Number: 5007901530
  • Lot Size Acres: 28.639
  • Lot Size Sq Ft: 1247519
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap

Tax Info

  • Year: 2025
  • Tax Annual Amount: 3561.12

Multi Family

  • Number Of Units In Community: 172
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20

MLS Schools

  • Elementary School: Twin Lakes Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,561 $311,000 $46,600 $264,400
2023 $3,402 $309,000 $32,400 $276,600
2022 $2,755 $288,000 $30,400 $257,600
2021 $2,523 $241,000 $28,300 $212,700
2020 $2,385 $207,000 $28,300 $178,700
2018 $1,963 $153,000 $16,200 $136,800
2017 $1,653 $135,000 $16,200 $118,800
2016 $1,606 $113,000 $16,200 $96,800
2015 $1,298 $105,000 $16,200 $88,800
2014 -- $86,000 $16,200 $69,800
2013 -- $61,000 $16,200 $44,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Pending -- -- --
09/05/2025 09/05/25 Price Changed $260,000 -3.7% $250 / Sq Ft
08/23/2025 08/23/25 Price Changed $270,000 -6.7% $260 / Sq Ft
07/29/2025 07/29/25 Price Changed $289,500 +0.2% $279 / Sq Ft
07/29/2025 07/29/25 For Sale $289,000 -11.1% $278 / Sq Ft
07/28/2022 07/28/22 Sold $325,000 0.0% $313 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $325,000 +54.8% $313 / Sq Ft
11/06/2018 11/06/18 Sold $210,000 0.0% $202 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $210,000 -- $202 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Wfg National Title Company Of
Warranty Deed $325,000 Wfg National Title Company Of
Warranty Deed $210,000 Ticor Title
Interfamily Deed Transfer -- Old Republic T
Warranty Deed $200,550 Commonwealth L
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $16,734 New Conventional
Open $319,113 FHA
Previous Owner $197,400 New Conventional
Previous Owner $145,500 New Conventional
Previous Owner $160,400 Purchase Money Mortgage
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2414151

Northwest Multiple Listing Service (NWMLS)

APN: 500790-1530