NOT LISTED FOR SALE

31724 42nd Ave SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $749,000 - $837,000

4 Beds
3 Baths
3,190 Sq Ft
$249/Sq Ft Est. Value

About This Home

This home is located at 31724 42nd Ave SW, Federal Way, WA 98023 and is currently estimated at $793,217, approximately $248 per square foot. 31724 42nd Ave SW is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2025
Sold by
Peterson Michael A and Peterson Michelle D
Bought by
Michael And Michelle Peterson Living Trust and Peterson
Current Estimated Value
$793,217

Purchase Details

Closed on
Jan 28, 2000
Sold by
Va
Bought by
Peterson Michael A and Peterson Michelle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,099
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Va

Purchase Details

Closed on
Sep 10, 1999
Sold by
Johnson Robert E and Johnson Melodee K
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Apr 16, 1996
Sold by
Cooper Donald E and Cooper Barbara A
Bought by
Johnson Robert E and Johnson Melodee K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,550
Interest Rate
7.84%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Michael And Michelle Peterson Living Trust $313 None Listed On Document
Peterson Michael A $219,900 Fidelity National Title
Va $201,531 Fidelity National Title
Countrywide Home Loans Inc $201,531 Fidelity National Title
Johnson Robert E $185,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Michael A $264,950
Previous Owner Peterson Michael A $308,000
Previous Owner Peterson Michael A $338,397
Previous Owner Peterson Michael $339,000
Previous Owner Peterson Michael A $25,000
Previous Owner Peterson Michael A $280,000
Previous Owner Peterson Michael A $32,000
Previous Owner Peterson Michael A $218,099
Previous Owner Johnson Robert E $190,550
Source: Public Records

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 $7,096 $710,000 $231,000 $479,000
2023 $7,009 $643,000 $209,000 $434,000
2022 $5,855 $698,000 $190,000 $508,000
2021 $6,018 $518,000 $152,000 $366,000
2020 $5,721 $501,000 $127,000 $374,000
2018 $5,694 $460,000 $101,000 $359,000
2017 $5,159 $401,000 $92,000 $309,000
2016 $5,004 $363,000 $84,000 $279,000
2015 $4,641 $337,000 $80,000 $257,000
2014 -- $320,000 $80,000 $240,000
2013 -- $231,000 $95,000 $136,000
Source: Public Records

Map

Washington King County Federal Way 98023 Twin Lakes

31724 42nd Ave SW, Federal Way, WA

This home is located at 31724 42nd Ave SW, Federal Way, WA 98023 and is currently estimated at $793,217, approximately $248 per square foot. 31724 42nd 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.

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