NOT LISTED FOR SALE

32518 40th Ct SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $572,000 - $688,000

2 Beds
2 Baths
1,610 Sq Ft
$401/Sq Ft Est. Value

Last Sold November 22, 2013

Last sale price $285,000 $177 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $4,178/month

114 Days on Market

About This Home

As of November 2013

Twin Lakes waterfront custom-built home with artistic flair on Lake Jeanne. Ahead of its time this home features an open floorplan, island kitchen, cathedral ceilings, planked hardwood floors & heat pump with AC. Three sliding glass doors open to waterfront living on lakefront decks & patios. Fish in the lake or enjoy the serene setting. Five easy steps makes for an easy transition between the great room & the bedrooms. This home has a new high quality 30 year roof for easy maintenance.

Last Listed By

Susie Horan

Berkshire Hathaway HS NW License #39378 Listed on: 07/05/2013

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM512114

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$6,770

Year Built

1980

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 1610
  • Form 17: Not Provided
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Features: Bath Off Master, Double Pane/Storm Window, Dining Room, Vaulted Ceilings
  • Fireplaces: 1
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Water Heater Location: Closet-Electric

Exterior Features

  • Roof: Cedar Shake
  • Community Features: CCRs, Clubhouse, Golf Course, Tennis Courts
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Cul-de-sac, Curbs, Paved Street, Secluded
  • Roof: Cedar Shake
  • Site Features: Cable TV, Deck, Patio, Sprinkler System
  • View: Lake
  • Waterfront: Low Bank, Lake
  • Waterfront Frontage: 89
  • Lot Topography: Level, Partial Slope

Garage/Parking

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

Utilities

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Heat Pump
  • Power Company: Puget Sound Energy
  • Sewer: Connected
  • Sewer Company: Lakehaven Utility
  • Water Company: Tacoma PUD
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 29
  • HOA Fee Frequency: Annual

Schools

  • School District: FED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2013
Closed on
Nov 15, 2013
Sold by
Seagren Michael Scott and Rawls Karen Ann
Bought by
Cade Jennifer K
Seller's Agent
Susie Horan
Berkshire Hathaway HS NW
Buyer's Agent
Marilyn Cade
Berkshire Hathaway HS NW
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%
Total Days on Market
114
Current Estimated Value
$645,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,609
Original Mortgage
$242,250
Interest Rate
4.18%
Mortgage Type
New Conventional

Range of Values:

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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
Cade Jennifer K $285,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cade Jennifer K $234,500
Closed Cade Jennifer K $242,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2013 11/22/13 Sold $285,000 0.0% $177 / Sq Ft
10/27/2013 10/27/13 Pending -- -- --
10/16/2013 10/16/13 Price Changed $285,000 -4.7% $177 / Sq Ft
10/15/2013 10/15/13 For Sale $299,000 0.0% $186 / Sq Ft
07/24/2013 07/24/13 Pending -- -- --
07/05/2013 07/05/13 For Sale $299,000 -- $186 / 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 $6,770 $689,000 $229,000 $460,000
2023 $5,438 $624,000 $207,000 $417,000
2022 $5,032 $552,000 $189,000 $363,000
2021 $4,216 $443,000 $151,000 $292,000
2020 $3,995 $347,000 $98,000 $249,000
2018 $4,314 $346,000 $79,000 $267,000
2017 $3,905 $302,000 $72,000 $230,000
2016 $4,567 $273,000 $66,000 $207,000
2015 $4,230 $307,000 $100,000 $207,000
2014 -- $291,000 $100,000 $191,000
2013 -- $287,000 $105,000 $182,000
Source: Public Records

Agents Affiliated with this Home

  • Susie Horan

    Seller's Agent in 2013

    Susie Horan

    Berkshire Hathaway HomeServices Northwest Real Estate

    (206) 227-3900

    6 in this area

    50 Total Sales

    Susie Horan
    Section Image

  • M

    Buyer's Agent in 2013

    Marilyn Cade

    Berkshire Hathaway HS NW

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM512114

Northwest Multiple Listing Service (NWMLS)

APN: 873196-0120

Washington King County Federal Way 98023 Twin Lakes

32518 40th Ct SW, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 32518 40th Ct SW, Federal Way, WA 98023 since 05 July 2013 and is currently estimated at $645,609, approximately $400 per square foot. This property was built in 1980. 32518 40th Ct SW is a home located in King County with nearby schools including Green Gables 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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