Listed by eXp Realty, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

33012 22nd Place S Federal Way, WA 98003

Estimated Value: $644,514 - $684,000

4 Beds
4 Baths
2,214 Sq Ft
$301/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $400,000 $181 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,024/month

4 Days on Market

Highlights

  • Territorial View
  • Property is Fully Fenced
  • 1-Story Property
  • Patio
  • Wall to Wall Carpet

About This Home

As of August 2017

Conveniently located duplex with easy access to freeways and shopping. Identical units feature a large master bedroom with a master bath, guest bedroom, and vaulted ceilings throughout. Large units with a great layout for any occasion. Private lot located on a dead end street also backs to a green belt in the rear and includes a fully fenced yard.

Last Agent to Sell the Property

RJ Preisser

eXp Realty License #115928 Listed on: 07/17/2017

eXp Realty

Last Buyer's Agent

Kevin Shin

Skyline Properties, Inc. License #31012

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1162670

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,905

Year Built

  • Built in 1996

Lot Details

  • 10,837 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,214 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Lake Dolloff Elementary School
  • Sequoyah Mid Sch Middle School
  • Todd Beamer High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7978800661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,905

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2214
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Federal Way
  • High School: Todd Beamer High
  • Middle Or Junior School: Sequoyah Mid Sch

Lot Info

  • Parcel Number: 7978800661
  • Lot Size Acres: 0.2488
  • Lot Size Sq Ft: 10837
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 26872
  • Number Of Units Total: 6
  • Insurance Expense: 423
  • Leasable Area: 2214
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3905

MLS Schools

  • Elementary School: Lake Dolloff Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2017
Closed on
Aug 25, 2017
Sold by
Jenkins West Hill Properties Llc
Bought by
Kim Patricia I and Kim Jong H
Seller's Agent
RJ Preisser
eXp Realty
Buyer's Agent
Kevin Shin
Skyline Properties, Inc.
List Price
$405,000
Sold Price
$400,000
Premium/Discount to List
-$5,000
-1.23%
Current Estimated Value
$665,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,379
Avg. Annual Appreciation
6.44%
Original Mortgage
$300,000
Outstanding Balance
$250,924
Interest Rate
3.96%
Estimated Equity
$414,455

Purchase Details

Closed on
Feb 14, 2006
Sold by
Jenkins Phillip A and Jenkins Laura L
Bought by
Jenkins West Hill Properties Llc

Purchase Details

Closed on
Dec 9, 1998
Sold by
Christensen Robert A and Christensen Mildred
Bought by
Jenkins Phillip A and Jenkins Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.86%

Purchase Details

Closed on
Nov 16, 1998
Sold by
Christensen Robert A and Christensen Mildred
Bought by
Christensen Robert A and Christensen Mildred E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.86%

Purchase Details

Closed on
May 14, 1992
Sold by
Hilton Lowell F and Hilton Margaret
Bought by
B And C Investments
Source: Public Records

Range of Values:

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Average Value
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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
Kim Patricia I $400,000 First American Title Ins Co
Jenkins West Hill Properties Llc -- None Available
Jenkins Phillip A -- Stewart Title
Jenkins Phillip A $187,500 Washington Title Company
Christensen Robert A -- --
B And C Investments $142,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Patricia I $300,000
Previous Owner Jenkins Phillip A $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2017 08/30/17 Sold $400,000 -1.2% $181 / Sq Ft
07/22/2017 07/22/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $405,000 -- $183 / 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 $6,080 $610,000 $127,000 $483,000
2023 $6,009 $567,000 $112,000 $455,000
2022 $5,449 $612,000 $120,000 $492,000
2021 $4,895 $481,000 $97,000 $384,000
2020 $4,660 $405,000 $86,000 $319,000
2018 $4,551 $369,000 $86,000 $283,000
2017 $3,905 $319,000 $78,000 $241,000
2016 $4,014 $273,000 $78,000 $195,000
2015 $3,690 $269,000 $78,000 $191,000
2014 -- $253,000 $78,000 $175,000
2013 -- $209,000 $75,000 $134,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1162670

Northwest Multiple Listing Service (NWMLS)

APN: 797880-0661