Listed by Bellmark Real Estate, Bought with Northmarq Multifamily, LLC
NOT LISTED FOR SALE

34007 1st Cir S Federal Way, WA 98003

West Campus - Fed Way Neighborhood
-- Bed
-- Bath
5,400 Sq Ft
0.41 Acres

Last Sold August 24, 2020

Last sale price $950,000 $176 Per Sq Ft

5 Days on Market

About This Home

As of August 2020

Professionally managed, fully leased, six-unit apartment building ready for new ownership - a great opportunity for stable, passive income! All units have two bedrooms, one bathroom, and a wood-burning fireplace, along with in-unit washer & dryers, and covered parking. Monthly homeowner association dues cover water/sewer/garbage, common electric, exterior maintenance, and landscaping. Perfect location - close to Interstate 5, Costco, the library, bus routes, and more!

Last Agent to Sell the Property

Stuart Heath

Bellmark Real Estate License #10780 Listed on: 07/11/2020

Last Buyer's Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1628636

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,100

Year Built

  • Built in 1979

Lot Details

  • 0.41 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces

Community Details

  • Campus View Div 03 Condos
  • Panther Lake Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 1322020360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,100

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Campus View Div 03
  • New Construction: No
  • CalculatedSquareFootage: 5400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 393

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking: No
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 12192

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 1322020360
  • Lot Size Acres: 0.4132
  • Lot Size Sq Ft: 17999
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 36

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 98340
  • Net Operating Income: 63440
  • Number Of Units Total: 6
  • Insurance Expense: 2088
  • Leasable Area: 5400
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 11100

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $950,000 -4.0% $176 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $990,000 -- $183 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stuart Heath

    Seller's Agent in 2020

    Stuart Heath

    Bellmark Real Estate

    (206) 782-5200

    1 in this area

    8 Total Sales

    Stuart Heath
    Section Image
  • Steve Fischer

    Buyer's Agent in 2020

    Steve Fischer

    Northmarq Multifamily, LLC

    (206) 505-9435

    1 in this area

    38 Total Sales

    Steve Fischer
    Section Image
  • Tyler Smith

    Buyer Co-Listing Agent in 2020

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    1 in this area

    23 Total Sales

    Tyler Smith
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1628636

Northwest Multiple Listing Service (NWMLS)
Washington King County Federal Way 98003 West Campus - Fed Way

34007 1st Cir S, Federal Way, WA

This home is located at 34007 1st Cir S, Federal Way, WA 98003 since 11 July 2020. This property was built in 1979. 34007 1st Cir S is a home located in King County with nearby schools including Panther Lake Elementary School, Illahee 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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