NOT LISTED FOR SALE

31855 48th Cir SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $542,000 - $605,000

2 Beds
2 Baths
1,670 Sq Ft
$341/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $480,000 $287 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,030/month

6 Days on Market

Highlights

  • 10.28 Acre Lot
  • Territorial View
  • 2 Car Attached Garage
  • Deck
  • Corner Lot
  • Storm Windows

About This Home

As of June 2021

Peaceful living at The Palisades 55+ gated community! Open floor plan and detailed finish work make this a rare find! Features include 9' ceilings, beautiful granite counters, crown molding, hardwoods, gas fireplace. Master bedroom with large 5 piece bathroom & walk in closet. Second bedroom with a full bathroom right across the hall and a den/office/ 3rd bedroom. Huge private deck with wonderful views. Unfinished basement area that can be used for storage or finish it out for extra space. Nestled up against Dash Point Park and also close to hwy & Twin Lakes golf & CC. Come see it today!

Last Agent to Sell the Property

Jimm Elliott

Windermere Real Estate/PSR Inc License #15358 Listed on: 05/06/2021

Windermere Real Estate/PSR Inc

Last Buyer's Agent

James Smith

Berkshire Hathaway HS NW License #74097

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1768211

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $686

Year Built

  • Built in 2000

Lot Details

  • 10.28 Acre Lot
  • Gated Home
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $330 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,670 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Community Details

  • Federal Way Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Down Payment Assistance Available
  • Senior Tax Exemptions
  • Assessor Parcel Number 6613200210

Home Details

Home Type

Single Family

Est. Annual Taxes

$686

Year Built

Built in 2000

Lot Details

0

HOA Fees

$330 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 2000
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,RangeOven,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1670
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: true
  • Special Features: VirtualTour
  • Cumulative Days on Market: 745

Interior Features

  • Fireplaces: 1
  • Basement: Unfinished
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Range/Oven, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room
  • Living Area: 1670
  • Main Level Bedrooms: 2
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 1670
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Range/Oven,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 330
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 6613200210
  • Topography: Level
  • Lot Size Acres: 10.2846
  • Lot Size Sq Ft: 448000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Gated Entry,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 686

Multi Family

  • EnergySource: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 1, 2021
Sold by
Thornton Meredith and Thornton Maryanne
Bought by
Ridings Cynthia E and Ridings Robert B
Seller's Agent
Jimm Elliott
Windermere Real Estate/PSR Inc
Buyer's Agent
James Smith
Berkshire Hathaway HS NW
List Price
$485,000
Sold Price
$480,000
Premium/Discount to List
-$5,000
-1.03%
Total Days on Market
6
Current Estimated Value
$569,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,842
Avg. Annual Appreciation
1.88%
Original Mortgage
$359,125
Outstanding Balance
$328,662
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$188,162

Purchase Details

Closed on
Sep 23, 2004
Sold by
Thornton Al and Thornton Alan
Bought by
Thornton Maryanne and Thornton Meredith

Purchase Details

Closed on
Sep 20, 2001
Sold by
Tycon Inc
Bought by
Thornton Al and Thornton Maryann
Source: Public Records

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Range of Values:

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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
Ridings Cynthia E $480,000 First American Title
Thornton Maryanne -- --
Thornton Al $269,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ridings Cynthia E $359,125
Previous Owner Thornton Al $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $480,000 -1.0% $287 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $485,000 -- $290 / 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 $6,029 $554,000 $86,800 $467,200
2023 $4,896 $566,000 $64,400 $501,600
2022 $4,997 $494,000 $56,000 $438,000
2021 $686 $439,000 $56,000 $383,000
2020 $686 $268,000 $33,600 $234,400
2018 $1,344 $268,000 $33,600 $234,400
2017 $1,428 $335,000 $28,900 $306,100
2016 $1,222 $311,000 $42,000 $269,000
2015 $1,065 $237,000 $28,000 $209,000
2014 -- $213,000 $28,000 $185,000
2013 -- $200,000 $28,000 $172,000
Source: Public Records

Agents Affiliated with this Home

  • Jimm Elliott

    Seller's Agent in 2021

    Jimm Elliott

    Windermere Corporate

    (206) 769-5466

    2 in this area

    68 Total Sales

    Jimm Elliott
    Section Image
  • James Smith

    Buyer's Agent in 2021

    James Smith

    Berkshire Hathaway HomeServices Northwest Real Estate

    (206) 290-6387

    3 in this area

    132 Total Sales

    James Smith
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1768211

Northwest Multiple Listing Service (NWMLS)

APN: 661320-0210

Washington King County Federal Way 98023 Twin Lakes

31855 48th Cir SW, Federal Way, WA

This home is located at 31855 48th Cir SW, Federal Way, WA 98023 since 06 May 2021 and is currently estimated at $569,842, approximately $341 per square foot. This property was built in 2000. 31855 48th Cir 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) 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. ©2025 NWMLS.

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