NOT LISTED FOR SALE

33214 38th Ave S Federal Way, WA 98001

North Lake Neighborhood

Estimated Value: $391,000 - $554,000

5 Beds
0.5 Bath
1,200 Sq Ft
$386/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $235,000 $196 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,904/month

38 Days on Market

Highlights

  • 0.39 Acre Lot
  • Territorial View
  • 1 Car Detached Garage
  • Property is near public transit
  • No HOA
  • 1-Story Property

About This Home

As of September 2023

Federal Way - FIXER home on the east side of North Lake perfectly situated for building a custom home or you to rehab and flip,or finish and live in it. Small detached garage, large concrete slap for b-ball court or other detached building on site. Rare opportunity in this high demand area. Seller has installed a new roof, painted the outside and removed wiring, fixtures and most plumbing, providing a blank canvas for you to create what you want. Home is on septic, city water, power, phone, cable are all available for you to connect to the home. Sewer is in the street and home can be connected. cash out.

Last Agent to Sell the Property

David Knight

KW Mountains to Sound Realty License #12857 Listed on: 05/19/2023

KW Mountains to Sound Realty

Last Buyer's Agent

David Knight

KW Mountains to Sound Realty License #12857 Listed on: 05/19/2023

KW Mountains to Sound Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2070856

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,825

Year Built

  • Built in 1964

Lot Details

  • 0.39 Acre Lot
  • West Facing Home
  • Partially Fenced Property
  • Brush Vegetation
  • Level Lot
  • Value in Land
  • Zoning described as RS9.6

Parking

  • 1 Car Detached Garage

Home Design

  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Unfinished Basement

Bedrooms and Bathrooms

  • 0.5 Bathroom

Schools

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

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Outbuilding
  • Property is near public transit

Community Details

  • No Home Owners Association
  • North Lake Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,825

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1964
  • Inclusions: LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: See Remarks
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2070856?w=Consumer&agent=25728
  • Special Features: VirtualTour
  • Cumulative Days on Market: 663

Interior Features

  • Basement: Roughed In, Unfinished
  • Half Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace: No
  • Flooring: See Remarks
  • Interior Amenities: Water Heater
  • Living Area: 1200
  • Main Level Bedrooms: 3
  • Bathrooms: 0.5
  • BathsFullMain: 0
  • SquareFootageFinished: 1200
  • SquareFootageUnfinished: 1200
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • NWM_NumberOfBathtubs: 0
  • NWM_NumberOfShowers: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 1

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: None, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterHeaterLocation: n/a
  • WaterHeaterType: none
  • CableConnected: XFinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 6143600500
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.3857
  • Lot Size Sq Ft: 16800
  • Zoning Description: RS9.6
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Outbuildings
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3825

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Lake Dolloff Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Sep 27, 2023
Sold by
Millard Jonathan Joseph
Bought by
Sangam Studio Llc
Seller's Agent
David Knight
KW Mountains to Sound Realty
Buyer's Agent
David Knight
KW Mountains to Sound Realty
List Price
$459,000
Sold Price
$235,000
Premium/Discount to List
-$224,000
-48.8%
Total Days on Market
38
Views
58
Current Estimated Value
$462,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,931
Avg. Annual Appreciation
48.66%
Original Mortgage
$157,450
Outstanding Balance
$82,895
Interest Rate
7.09%
Mortgage Type
Seller Take Back
Estimated Equity
$380,036

Purchase Details

Closed on
Jul 13, 2006
Sold by
Millard Christa
Bought by
Millard Jonathan Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 1991
Sold by
Rutledge Keith A and Rutledge Judith N
Bought by
Riley Irmgard M
Source: Public Records

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Range of Values:

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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
Sangam Studio Llc $235,000 Chicago Title
Millard Jonathan Joseph -- Chicago Title
Millard Jonathan Joseph $300,000 Chicago Title
Riley Irmgard M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sangam Studio Llc $157,450
Previous Owner Millard Jonathan Joseph $805,916
Previous Owner Millard Jonathan Joseph $244,000
Previous Owner Millard Jonathan Joseph $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $235,000 -48.0% $196 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/13/2023 06/13/23 Price Changed $452,000 -1.5% $377 / Sq Ft
05/19/2023 05/19/23 For Sale $459,000 -- $383 / 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 $3,817 $364,000 $135,000 $229,000
2023 $4,220 $393,000 $118,000 $275,000
2022 $3,825 $424,000 $127,000 $297,000
2021 $3,447 $333,000 $103,000 $230,000
2020 $3,275 $281,000 $92,000 $189,000
2018 $3,134 $257,000 $92,000 $165,000
2017 $2,698 $217,000 $76,000 $141,000
2016 $2,774 $186,000 $76,000 $110,000
2015 $2,551 $183,000 $76,000 $107,000
2014 -- $172,000 $76,000 $96,000
2013 -- $142,000 $73,000 $69,000
Source: Public Records

Agents Affiliated with this Home

  • David Knight

    Seller's Agent in 2023

    David Knight

    KW Mountains to Sound Realty

    (253) 210-4305

    3 in this area

    217 Total Sales

    David Knight
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2070856

Northwest Multiple Listing Service (NWMLS)

APN: 614360-0500

Washington King County Federal Way 98001 North Lake

33214 38th Ave S, Federal Way, WA

This home is located at 33214 38th Ave S, Federal Way, WA 98001 since 19 May 2023 and is currently estimated at $462,931, approximately $385 per square foot. This property was built in 1964. 33214 38th Ave S is a home located in King County with nearby schools including Lake Dolloff Elementary School, Sequoyah Middle School, and Todd Beamer 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

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