NOT LISTED FOR SALE

32902 26th Place SW Unit 2- Lower level Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $462,000 - $508,000

2 Beds
2 Baths
840 Sq Ft
$581/Sq Ft Est. Value

About This Home

Newly renovated house with two units and a separate entry. Located in a quiet neighborhood yet close to dining, shopping, parks and local amenities. MOVE-IN READY!
Just minutes from I-5 and Hwy 99 for an easy commute to Tacoma, Seattle, or SeaTac
Close to shopping centers: Winco, Safeway, Costco, and Walmart
Nearby schools: Twin Lakes Elementary, Lakota Middle School, and Decatur High School
Walkable or short drive to parks including Dash Point State Park, Steel Lake Park, and BPA Trail
Convenient access to restaurants, gyms, banks, post office and more

UNIT 1, UPPER LEVEL (840 sqft) - 3Bed/1Bath
RENT: $2,550/month
Large Private Balcony
Modern Open-Concept Layout
Custom Cabinetry & Quartz Countertops
Stainless Steel Appliances
In-Unit Washer & Dryer
Range/Oven
LVP Flooring
1 garage
Plenty of front yard and street parking available
Lawncare provided by owner. Enjoy the yard without the hassle!

MOVE-IN DEALS
12-month lease required
Credit score 600
No Smoking or Vaping
No eviction in the last 5 years
Required application for each adult 18 years old, including credit, criminal, rental history and income
Income to rent 2.5x
1 month security deposit and last-month rent deposit to move in
Renters insurance required
Renter pays utilities
No pets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2025
Sold by
Vu Molly Thuong
Bought by
Tvhomes Llc
Current Estimated Value
$487,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,600
Outstanding Balance
$449,221
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$38,611

Purchase Details

Closed on
Nov 12, 2024
Sold by
Tvhomes Llc
Bought by
Vu Molly Thuong

Purchase Details

Closed on
Jan 31, 2024
Sold by
Vu Molly Thuong
Bought by
Tvhomes Llc

Purchase Details

Closed on
Jan 17, 2024
Sold by
Nguyen Phong Quoc
Bought by
Vu Molly Thuong

Purchase Details

Closed on
Mar 4, 2015
Sold by
Nguyen Phung Kim
Bought by
Vo Le Chi

Purchase Details

Closed on
Nov 8, 2013
Sold by
Hoang Cu Ngoc and Dinh Tu
Bought by
Hoang Cu Ngoc and Dinh Tu

Purchase Details

Closed on
May 29, 2013
Sold by
Balkelis Simona
Bought by
Hoang Cu Ngoc and Dinh Tu

Purchase Details

Closed on
Sep 16, 2002
Sold by
Balkelis Tadas
Bought by
Balkelis Simona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,150
Interest Rate
6.24%

Purchase Details

Closed on
Sep 12, 2002
Sold by
Hud
Bought by
Balkelis Simona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,150
Interest Rate
6.24%

Purchase Details

Closed on
Feb 1, 2002
Sold by
Guild Mtg Company
Bought by
Hud

Purchase Details

Closed on
Nov 16, 2001
Sold by
Joseph Dwayne
Bought by
Guild Mtg Company

Purchase Details

Closed on
Apr 9, 1999
Sold by
Braun Patricia J
Bought by
Joseph Dwayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,256
Interest Rate
7.04%
Mortgage Type
FHA
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
Tvhomes Llc $313 None Listed On Document
Vu Molly Thuong $313 None Listed On Document
Vu Molly Thuong $313 None Listed On Document
Tvhomes Llc $313 None Listed On Document
Vu Molly Thuong $313 Equity Title Of Washington
Vu Molly Thuong $395,000 Equity Title Of Washington
Vo Le Chi -- None Available
Hoang Cu Ngoc -- None Available
Hoang Cu Ngoc $104,000 Stewart Title
Balkelis Simona -- First American
Balkelis Simona -- First American Title Ins Co
Hud $127,369 First American
Guild Mtg Company $150,676 First American
Joseph Dwayne $129,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tvhomes Llc $449,600
Previous Owner Balkelis Simona $100,000
Previous Owner Balkelis Simona $38,000
Previous Owner Balkelis Simona $136,150
Previous Owner Joseph Dwayne $128,256
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Off Market $2,200 -- --
07/11/2025 07/11/25 For Rent $2,200 -- --

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 $4,390 $430,000 $146,000 $284,000
2023 $4,331 $390,000 $132,000 $258,000
2022 $3,902 $424,000 $120,000 $304,000
2021 $2,906 $340,000 $96,000 $244,000
2020 $2,748 $235,000 $78,000 $157,000
2018 $2,739 $217,000 $62,000 $155,000
2017 $2,484 $189,000 $57,000 $132,000
2016 $2,414 $171,000 $52,000 $119,000
2015 $2,242 $159,000 $50,000 $109,000
2014 -- $151,000 $50,000 $101,000
2013 -- $151,000 $57,000 $94,000
Source: Public Records

Map

Washington King County Federal Way 98023 Twin Lakes

32902 26th Place SW Unit 2- Lower level, Federal Way, WA

This home is located at 32902 26th Place SW Unit 2- Lower level, Federal Way, WA 98023 and is currently estimated at $487,832, approximately $580 per square foot. 32902 26th Place SW Unit 2- Lower level is a home located in King County with nearby schools including Olympic View Elementary School, Saghalie 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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