Listed by FIRST AND MAIN, Bought with Inspire Realty
NOT LISTED FOR SALE

31502 41st Ave SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $659,000 - $735,000

6 Beds
1 Bath
3,050 Sq Ft
$229/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $530,000 $174 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,254/month

About This Home

As of February 2021

This home is located at 31502 41st Ave SW, Federal Way, WA 98023 since 17 February 2021 and is currently estimated at $698,596, approximately $229 per square foot. This property was built in 1974. 31502 41st Ave SW is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur High School.

Last Agent to Sell the Property

Khaleel Grant

FIRST AND MAIN License #111426 Listed on: 02/17/2021

FIRST AND MAIN

Last Buyer's Agent

Jennifer Bryant

Inspire Realty License #123249

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1866984

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,597

Year Built

  • Built in 1974

Lot Details

  • 7,405

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Composite

Bedrooms and Bathrooms

  • 1 Bathroom

Community Details

  • Twin Lakes Community

Listing and Financial Details

  • Assessor Parcel Number 8731982480

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,597

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Building Information: Built On Lot
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6.00
  • Lower Level Bedroom: 2
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Dining Room: Upper
  • Family Room: Lower
  • Living Room: Upper
  • Kitchen w/ Eating Area: Upper
  • Estimated Sq Ft: 3050
  • Square Footage Finished: 3050
  • Total Square Footage: 3050

Exterior Features

  • Exterior: Wood Products
  • Roof: Composition

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Twin Lakes

Lot Info

  • Lot Sq Ft: 7500
  • Parcel Number: 8731982480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Feb 17, 2021
Sold by
Bariamichael Habtom and Aynalem Msgana
Bought by
Alston Jazz
Seller's Agent
Khaleel Grant
FIRST AND MAIN
Buyer's Agent
Jennifer Bryant
Inspire Realty
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$698,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,596
Avg. Annual Appreciation
6.11%
Original Mortgage
$539,275
Outstanding Balance
$482,322
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$216,274

Purchase Details

Closed on
Dec 20, 2016
Sold by
Aynalem Msgana A
Bought by
Bariamichael Habtom N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Boyle Daniel A and Boyle Patricia L
Bought by
Bariamichael Semereab and Bariamichael Habtom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 1990
Sold by
Prudential Residential Service
Bought by
Boyle Daniel A and Boyle Patricia L
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Alston Jazz $530,000 Equity Title Of Wa Llc
Bariamichael Habtom N -- First American
Bariamichael Habtom B $138,631 First American
Bariamichael Semereab $345,000 Chicago Title
Boyle Daniel A $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alston Jazz $539,275
Previous Owner Bariamichael Habtom B $291,000
Previous Owner Bariamichael Semereab $276,000
Closed Bariamichael Semereab $51,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2021 02/17/21 Sold $530,000 0.0% $174 / Sq Ft
02/17/2021 02/17/21 For Sale $530,000 -- $174 / 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 $6,597 $659,000 $216,000 $443,000
2023 $6,351 $597,000 $195,000 $402,000
2022 $5,449 $648,000 $178,000 $470,000
2021 $4,801 $481,000 $142,000 $339,000
2020 $4,555 $397,000 $117,000 $280,000
2018 $4,537 $365,000 $94,000 $271,000
2017 $4,114 $318,000 $86,000 $232,000
2016 $4,000 $288,000 $79,000 $209,000
2015 $3,704 $268,000 $76,000 $192,000
2014 -- $254,000 $76,000 $178,000
2013 -- $211,000 $89,000 $122,000
Source: Public Records

Agents Affiliated with this Home

  • Khaleel Grant

    Seller's Agent in 2021

    Khaleel Grant

    FIRST AND MAIN

    (206) 919-2484

    1 in this area

    35 Total Sales

    Khaleel Grant
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer Bryant

    Inspire Realty

    (714) 929-0957

    2 in this area

    69 Total Sales

    Jennifer Bryant
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1866984

Northwest Multiple Listing Service (NWMLS)

APN: 873198-2480

Washington King County Federal Way 98023 Twin Lakes

31502 41st Ave SW, Federal Way, WA

This home is located at 31502 41st Ave SW, Federal Way, WA 98023 since 17 February 2021 and is currently estimated at $698,596, approximately $229 per square foot. This property was built in 1974. 31502 41st Ave 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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