Seller's Agent in 2022
Hilary Holmes
Seattle Works Real Estate
(253) 217-2553
5 in this area
163 Total Sales
Listed by Seattle Works Real Estate, Bought with Redfin
31624 40th Ave SW Federal Way, WA 98023
Twin Lakes NeighborhoodEstimated Value: $615,000 - $659,000
3
Beds
2
Baths
1,640
Sq Ft
$388/Sq Ft
Est. Value
Highlights
- Deck
- Vaulted Ceiling
- 1 Fireplace
- Territorial View
- Wood Flooring
- Corner Lot
About This Home
As of March 2022Beautifully maintained 3 bedroom rambler in the heart of Twin Lakes. Home features: real hardwood floors, vaulted ceilings, kitchen with quartz counters, central A/C, double pane vinyl windows, hall bath and primary bathrooms with updated countertops and new vinyl plank flooring, slider off kitchen leads to wrap around deck and fully fenced yard. Large 2 car garage with extra storage. New gas furnace was installed 12/21. All on an oversized corner lot with well manicured landscaping. Community features a PGA rated golf course, parks by the water and security patrols. Optional club membership includes: Pool, tennis, golf & clubhouse. Great Federal Way location close to Freeways, upcoming lightrail, shopping, and more!
Last Agent to Sell the Property
Hilary Holmes
Seattle Works Real Estate License #26755 Listed on: 02/24/2022
Last Buyer's Agent
Jasen Oda
Redfin License #122910
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1891013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,719
Year Built
- Built in 1974
Lot Details
- 9,000 Sq Ft Lot
- West Facing Home
- Property is Fully Fenced
- Corner Lot
- Level Lot
- Sprinkler System
- Garden
HOA Fees
- $33 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 1,640 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- 1 Fireplace
- Dining Room
- Territorial Views
- Storm Windows
Kitchen
- Oven or Range
- Stove
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl Plank
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Central Air
- Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 8731982090
Community Details
Overview
- Twin Lakes HOA
- Secondary HOA Phone (253) 838-0464
- Twin Lakes Subdivision
- The community has rules related to covenants, conditions, and restrictions
Recreation
- Community Playground
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 25, 2024
Sold by
Schneider Karl and Tan Jit
Bought by
Karl Schneider And Jit Tan Trust and Schneider
Current Estimated Value
Purchase Details
Listed on
Feb 24, 2022
Closed on
Mar 15, 2022
Sold by
Donaldson Joseph C and Donaldson Julie A
Bought by
Tan Jit C and Schneider Karl G
Seller's Agent
Hilary Holmes
Seattle Works Real Estate
Buyer's Agent
Jasen Oda
Redfin
List Price
$575,000
Sold Price
$700,000
Premium/Discount to List
$125,000
21.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.62%
Original Mortgage
$504,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 17, 2007
Sold by
Johnson William J and Johnson Linda M
Bought by
Donaldson Joseph C and Donaldson Julie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,467
Interest Rate
6.74%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Mar 7, 2000
Sold by
Rector Joann P and Rector Donald W
Bought by
Johnson William J and Johnson Linda M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.27%
Purchase Details
Closed on
May 13, 1994
Sold by
White Thomas M and White Nancy A
Bought by
Rector Donald W and Rector Joann P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.62%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Karl Schneider And Jit Tan Trust | $313 | None Listed On Document | |
| Tan Jit C | $700,000 | Fidelity National Title | |
| Donaldson Joseph C | $325,000 | First American | |
| Johnson William J | $182,300 | Washington Title | |
| Rector Donald W | $148,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tan Jit C | $504,000 | |
| Previous Owner | Donaldson Joseph C | $32,467 | |
| Previous Owner | Donaldson Joseph C | $260,000 | |
| Previous Owner | Johnson William J | $130,000 | |
| Previous Owner | Rector Donald W | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/22/2022 03/22/22 | Sold | $700,000 | +21.7% | $427 / Sq Ft |
| 02/27/2022 02/27/22 | Pending | -- | -- | -- |
| 02/24/2022 02/24/22 | For Sale | $575,000 | -- | $351 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
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 | $5,924 | $596,000 | $216,000 | $380,000 |
| 2023 | $5,918 | $540,000 | $195,000 | $345,000 |
| 2022 | $4,889 | $586,000 | $178,000 | $408,000 |
| 2021 | $4,719 | $430,000 | $142,000 | $288,000 |
| 2020 | $4,474 | $390,000 | $117,000 | $273,000 |
| 2018 | $4,453 | $358,000 | $94,000 | $264,000 |
| 2017 | $4,030 | $312,000 | $86,000 | $226,000 |
| 2016 | $3,912 | $282,000 | $79,000 | $203,000 |
| 2015 | $3,633 | $262,000 | $76,000 | $186,000 |
| 2014 | -- | $249,000 | $76,000 | $173,000 |
| 2013 | -- | $195,000 | $89,000 | $106,000 |
Source: Public Records
Agents Affiliated with this Home
-
Hilary Holmes
-
Jasen Oda
J
Buyer's Agent in 2022
Jasen Oda
Redfin
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1891013
APN: 873198-2090
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.
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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