NOT LISTED FOR SALE

32861 40th Ct SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $632,474 - $687,000

4 Beds
1 Bath
2,210 Sq Ft
$298/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $570,000 $258 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,049/month

4 Days on Market

Highlights

  • Waterfront Community
  • Deck
  • 2 Fireplaces
  • Golf Course Community
  • Northwest Architecture
  • Tennis Courts

About This Home

As of August 2021

Welcome to the Federal Way Community! This lovely split entry contemporary home in the Twin Lakes neighborhood waiting for a new homeowner. Conveniently located near shopping, parks, schools and major highways. This spacious home has 2210 sqft, 4 bdrms, 2.75bths, 2 car garage, 2 fireplaces, formal living/dining room and separate family room. The backyard offers privacy for you relax and enjoy the large deck. This could be your forever home. Hurry before it's gone!!!

Last Agent to Sell the Property

Brandon Nguyen

Dove Realty, Inc. License #129653 Listed on: 06/26/2021

Last Buyer's Agent

David Torres

Bushnell Real Estate Solutions License #137527

Bushnell Real Estate Solutions

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1798780

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 1979

Lot Details

  • Cul-De-Sac
  • Partially Fenced Property
  • Level Lot
  • Garden

Parking

  • Attached Garage

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Limited Views
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 8732040680

Community Details

Overview

  • Twin Lakes Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Waterfront Community
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,557

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Vaulted Ceilings
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet, R
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Lower Level Bedroom: 1
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Dining Room: Upper
  • Family Room: Upper
  • Living Room: Lower
  • Kitchen w/ Eating Area: Upper
  • Estimated Sq Ft: 2210
  • Square Footage Finished: 2210

Exterior Features

  • Exterior: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Partial

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Lakehaven
  • Water Company: TPU
  • Water Heater: Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 33
  • Community Name: Twin Lakes
  • Community Features: CCRs, Golf Course, Community Waterfront/Pvt Beach, Tennis Courts

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: FED

Lot Info

  • Lot Details: Cul-De-Sac, Paved Street, Sidewalk
  • Lot Sq Ft: 11970
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 8732040680
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 4369

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Jul 27, 2021
Sold by
Bun Lan Thi
Bought by
Cuevas Jesus Mendoza
Seller's Agent
Brandon Nguyen
Dove Realty, Inc.
Buyer's Agent
David Torres
Bushnell Real Estate Solutions
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%
Current Estimated Value
$658,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,119
Avg. Annual Appreciation
3.49%
Original Mortgage
$559,675
Outstanding Balance
$514,377
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$140,053

Purchase Details

Listed on
Sep 18, 2020
Closed on
Jan 28, 2021
Sold by
Phan Phong
Bought by
Bun Lan Thi
Seller's Agent
Robert Carper
Berkshire Hathaway HS NW
Buyer's Agent
Brandon Nguyen
Dove Realty, Inc.
List Price
$525,000
Sold Price
$512,000
Premium/Discount to List
-$13,000
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.98%
Original Mortgage
$358,400
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2020
Closed on
Jan 15, 2021
Sold by
Stone Ted
Bought by
Bun Lan Thi
Seller's Agent
Robert Carper
Berkshire Hathaway HS NW
Buyer's Agent
Brandon Nguyen
Dove Realty, Inc.
List Price
$525,000
Sold Price
$512,000
Premium/Discount to List
-$13,000
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,400
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 1991
Sold by
Schmidt Dennis C and Schmidt Gwen L
Bought by
Stone Ted
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cuevas Jesus Mendoza $570,000 Ticor Title
Bun Lan Thi -- Equity Title Of Wa Llc
Bun Lan Thi $512,000 Equity Title Of Wa Llc
Stone Ted $168,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuevas Jesus Mendoza $559,675
Previous Owner Bun Lan Thi $358,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $570,000 +3.6% $258 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/26/2021 06/26/21 For Sale $550,000 +7.4% $249 / Sq Ft
02/01/2021 02/01/21 Sold $512,000 -2.5% $232 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $525,000 -- $238 / 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 $5,557 $552,000 $216,000 $336,000
2023 $5,352 $500,000 $195,000 $305,000
2022 $4,911 $543,000 $178,000 $365,000
2021 $4,602 $432,000 $142,000 $290,000
2020 $4,369 $380,000 $117,000 $263,000
2018 $4,342 $349,000 $94,000 $255,000
2017 $3,933 $304,000 $86,000 $218,000
2016 $3,825 $275,000 $79,000 $196,000
2015 $3,548 $256,000 $76,000 $180,000
2014 -- $243,000 $76,000 $167,000
2013 -- $203,000 $89,000 $114,000
Source: Public Records

Agents Affiliated with this Home

  • Brandon Nguyen

    Seller's Agent in 2021

    Brandon Nguyen

    Dove Realty, Inc.

    (425) 241-8358

    2 in this area

    31 Total Sales

    Brandon Nguyen
    Section Image
  • Robert Carper

    Seller's Agent in 2021

    Robert Carper

    Berkshire Hathaway HomeServices Northwest Real Estate

    (253) 222-0831

    4 in this area

    71 Total Sales

    Robert Carper
    Section Image
  • David Torres

    Buyer's Agent in 2021

    David Torres

    Bushnell Real Estate Solutions

    (425) 279-3169

    2 in this area

    98 Total Sales

    David Torres
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1798780

Northwest Multiple Listing Service (NWMLS)

APN: 873204-0680

Washington King County Federal Way 98023 Twin Lakes

32861 40th Ct SW, Federal Way, WA

This home is located at 32861 40th Ct SW, Federal Way, WA 98023 since 26 June 2021 and is currently estimated at $658,119, approximately $297 per square foot. This property was built in 1979. 32861 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) 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

Nearby Homes