NOT LISTED FOR SALE

32861 42nd Place SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $594,000 - $663,000

4 Beds
3 Baths
2,090 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $510,000 $244 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,002/month

About This Home

As of March 2023

Welcome to your lovingly well maintained home in the coveted Twin Lakes neighborhood. New paint inside and out.Master suite boasts closet, 3/4 bath as well as its own deck perfect for relaxing. Main floor includes two more bedrooms and a beautiful newly renovated bathroom. Hardwood floors throughout main and a cozy fireplace. Downstairs you will find another bed and bath, huge storage room and family room complete with second fireplace. You will love the quiet and easy living, close to shopping, parks and conveniences.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Mar 2, 2023
Sold by
Li Yong Jun
Bought by
Sowards Cameron Michael and Sowards Amanda Caroline
Seller's Agent
Caelyn gillaspie
Kelly Right RE of Seattle LLC
Buyer's Agent
Carolyn Lee
eXp Realty
List Price
$533,000
Sold Price
$510,000
Premium/Discount to List
-$23,000
-4.32%
Views
33
Current Estimated Value
$630,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,252
Avg. Annual Appreciation
9.30%
Original Mortgage
$459,000
Outstanding Balance
$447,190
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$183,062

Purchase Details

Closed on
Mar 6, 2020
Sold by
Li Yong Jun
Bought by
Twin Lakes Homeowner S Association Inc

Purchase Details

Listed on
Jun 5, 2017
Closed on
Aug 15, 2017
Sold by
White John and White Adnana
Bought by
Li Yong Jun
Seller's Agent
Andrew Kloetsch
RSVP Brokers ERA
Buyer's Agent
Caelyn gillaspie
Kelly Right RE of Seattle LLC
List Price
$374,950
Sold Price
$374,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$318,708
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 31, 2015
Closed on
Mar 30, 2016
Sold by
Kim Chang W
Bought by
White John and White Adriana
Seller's Agent
Melissa Southam
Bushnell Real Estate Solutions
Buyer's Agent
Bob Kim
Skyline Properties, Inc.
List Price
$259,000
Sold Price
$277,000
Premium/Discount to List
$18,000
6.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.53%
Original Mortgage
$271,982
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2001
Sold by
Kim Veronica
Bought by
Kim Chang W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.5%

Purchase Details

Closed on
Dec 17, 2001
Sold by
Kang Soon Ek and Kang Hae Sun
Bought by
Kim Chang W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.5%
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
Sowards Cameron Michael $510,000 First American Title
Twin Lakes Homeowner S Association Inc -- None Available
Li Yong Jun $374,950 Fidelity National Title
White John $277,000 Fidelity Natio
Kim Chang W -- Pacific Northwest Title
Kim Chang W $140,000 Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sowards Cameron Michael $459,000
Previous Owner Li Yong Jun $318,708
Previous Owner White John $271,982
Previous Owner Kim Chang W $149,000
Previous Owner Kim Chang W $150,000
Previous Owner Kim Chang W $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $510,000 -4.3% $244 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $533,000 0.0% $255 / Sq Ft
01/16/2023 01/16/23 Pending -- -- --
12/31/2022 12/31/22 Price Changed $533,000 -5.3% $255 / Sq Ft
12/31/2022 12/31/22 For Sale $563,000 0.0% $269 / Sq Ft
12/29/2022 12/29/22 Pending -- -- --
12/12/2022 12/12/22 Price Changed $563,000 -0.4% $269 / Sq Ft
11/28/2022 11/28/22 Price Changed $565,000 -0.9% $270 / Sq Ft
10/15/2022 10/15/22 Price Changed $570,000 -1.7% $273 / Sq Ft
10/11/2022 10/11/22 Price Changed $580,000 -0.9% $278 / Sq Ft
10/08/2022 10/08/22 Price Changed $585,000 -2.3% $280 / Sq Ft
09/28/2022 09/28/22 Price Changed $599,000 -1.8% $287 / Sq Ft
09/22/2022 09/22/22 Price Changed $610,000 -1.6% $292 / Sq Ft
09/16/2022 09/16/22 Price Changed $620,000 -1.6% $297 / Sq Ft
09/14/2022 09/14/22 Price Changed $630,000 -0.8% $301 / Sq Ft
09/11/2022 09/11/22 Price Changed $635,000 -0.8% $304 / Sq Ft
09/05/2022 09/05/22 Price Changed $640,000 -1.5% $306 / Sq Ft
09/05/2022 09/05/22 Price Changed $650,000 -2.3% $311 / Sq Ft
09/03/2022 09/03/22 Price Changed $665,000 -0.7% $318 / Sq Ft
09/01/2022 09/01/22 Price Changed $670,000 -1.5% $321 / Sq Ft
08/25/2022 08/25/22 Price Changed $680,000 -0.7% $325 / Sq Ft
08/13/2022 08/13/22 Price Changed $685,000 -1.4% $328 / Sq Ft
08/04/2022 08/04/22 For Sale $695,000 +85.4% $333 / Sq Ft
08/17/2017 08/17/17 Sold $374,950 0.0% $148 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $374,950 +35.4% $148 / Sq Ft
03/30/2016 03/30/16 Sold $277,000 +6.9% $133 / Sq Ft
12/31/2015 12/31/15 Pending -- -- --
12/31/2015 12/31/15 For Sale $259,000 -- $124 / Sq Ft

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 $5,783 $578,000 $216,000 $362,000
2023 $5,600 $524,000 $195,000 $329,000
2022 $5,186 $569,000 $178,000 $391,000
2021 $5,094 $457,000 $142,000 $315,000
2020 $4,835 $422,000 $117,000 $305,000
2018 $4,328 $388,000 $94,000 $294,000
2017 $3,919 $303,000 $86,000 $217,000
2016 $3,811 $274,000 $79,000 $195,000
2015 $3,534 $255,000 $76,000 $179,000
2014 -- $242,000 $76,000 $166,000
2013 -- $202,000 $89,000 $113,000
Source: Public Records

Agents Affiliated with this Home

  • Caelyn gillaspie

    Seller's Agent in 2023

    Caelyn gillaspie

    Kelly Right RE of Seattle LLC

    (253) 468-4842

    3 in this area

    181 Total Sales

    Caelyn gillaspie
    Section Image

  • C

    Buyer's Agent in 2023

    Carolyn Lee

    eXp Realty

    2 in this area

    44 Total Sales

    Section Image

  • A

    Seller's Agent in 2017

    Andrew Kloetsch

    Steven M Kloetsch

    (604) 818-5678

    7 Total Sales

    Andrew Kloetsch
    Section Image
  • Melissa Southam

    Seller's Agent in 2016

    Melissa Southam

    Bushnell Real Estate Solutions

    (980) 220-3662

    13 Total Sales

    Melissa Southam
    Section Image
  • Bob Kim

    Buyer's Agent in 2016

    Bob Kim

    Skyline Properties, Inc

    (253) 670-0131

    8 Total Sales

    Bob Kim
    Section Image
See All Agents

Map

Washington King County Federal Way 98023 Twin Lakes

32861 42nd Place SW, Federal Way, WA

This home is located at 32861 42nd Place SW, Federal Way, WA 98023 and is currently estimated at $630,252, approximately $301 per square foot. 32861 42nd Place 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.

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