NOT LISTED FOR SALE

35643 2nd Ave SW Unit 7 Federal Way, WA 98023

Estimated Value: $816,000 - $939,000

5 Beds
3 Baths
2,686 Sq Ft
$332/Sq Ft Est. Value

Last Sold November 21, 2019

Last sale price $599,950 $223 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,644/month

68 Days on Market

Highlights

  • Craftsman Architecture
  • Double Oven
  • Patio
  • 1 Fireplace
  • Attached Garage
  • Ceramic Tile Flooring

About This Home

As of November 2019

The Caverly (2,686 sqft – 5 bed, 3 bath) by LENNAR at Retreat Meadows. Homesite at end of private road with large yard. Offering the World’s First Wi-Fi CERTIFIED™ Home Design! Home features Smart Home Automation by Amazon, keyless entry, oversized quartz kitchen island, stainless gourmet kitchen appliances with refrigerator, 2-in faux wood blinds, fully fenced & landscaped! Bedroom & full bathroom on main! Easy proximity to I-5 & Hwy-99. With LENNAR - Everything is Included! Ready Nov 21, 2019!

Last Agent to Sell the Property

Brittney Svach

BMC Realty Advisors Inc License #24003456 Listed on: 05/30/2019

Co-Listed By

Katie Morris

Lennar Sales Corp. License #109289

Last Buyer's Agent

William Suh

Century 21 Real Estate Center License #77156

Century 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1466538

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,324

Year Built

  • Built in 2019

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Stone

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Patio

Community Details

  • S Federal Way Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number RTM7

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,324

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Craftsman
  • New Construction: Presale
  • Homebuilder: Lennar
  • Building Information: Built On Lot
  • Entrance Level: Main
  • New Construction: Y
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, High Tech Cabling, Loft, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 5
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 3.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2686
  • Square Footage Finished: 2686

Exterior Features

  • Exterior: Cement/Concrete, Stone
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air, 90%+ High Efficiency, Tankless Water Heater
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 5
  • Sewer: Sewer Connected
  • Sewer Company: Lake Haven
  • Water Company: Lake Haven
  • Water Heater: Garage-Gas Tankless
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 25
  • Community Name: S Federal Way
  • Project: Retreat Meadows
  • Community Features: CCRs

Schools

  • Elementary School: Enterprise Elem
  • Middle School: Illahee Jnr High
  • High School: Todd Beamer High
  • School District: FED

Lot Info

  • Lot Number: 7
  • Lot Details: Curbs, Dead End Street, Paved Street, Sidewalk
  • Lot Sq Ft: 7205
  • Lot Topography Vegetation: Level, Partial Slope
  • Parcel Number: RTM7
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Hong Hea Jin
Bought by
Lee Michael and Lee Yip Yung
Current Estimated Value
$904,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$495,194
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$397,472

Purchase Details

Closed on
Apr 13, 2022
Sold by
Ja Hong Jeung and Ja Woong Jae
Bought by
Hong Hea Jin

Purchase Details

Listed on
May 30, 2019
Closed on
Oct 29, 2019
Sold by
Lennar Northwest Inc
Bought by
Hong Jeung Ja and Hong Jae Woong
Seller's Agent
Brittney Svach
BMC Realty Advisors Inc
Buyer's Agent
William Suh
Century 21 Real Estate Center
List Price
$599,950
Sold Price
$599,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$539,955
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Lee Michael $900,000 First American Title Insurance
Hong Hea Jin $313 None Listed On Document
Hong Jeung Ja $599,950 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Michael $500,000
Previous Owner Hong Jeung Ja $539,955
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2019 11/21/19 Sold $599,950 0.0% $223 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $599,950 -- $223 / 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 $8,324 $850,000 $217,000 $633,000
2023 $8,083 $769,000 $181,000 $588,000
2022 $7,457 $830,000 $200,000 $630,000
2021 $6,755 $664,000 $175,000 $489,000
2020 $3,352 $564,000 $113,000 $451,000
2018 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brittney Svach

    Seller's Agent in 2019

    Brittney Svach

    BMC Realty Advisors Inc

    (253) 569-7045

    186 Total Sales

    Section Image
  • Katie Morris

    Seller Co-Listing Agent in 2019

    Katie Morris

    Lennar Sales Corp.

    (253) 590-2227

    426 Total Sales

    Section Image

  • W

    Buyer's Agent in 2019

    William Suh

    Century 21 Real Estate Center

    (206) 412-5000

    1 Total Sale

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1466538

Northwest Multiple Listing Service (NWMLS)

APN: 724290-0070

Washington King County Federal Way 98023

35643 2nd Ave SW Unit 7, Federal Way, WA

This home is located at 35643 2nd Ave SW Unit 7, Federal Way, WA 98023 since 30 May 2019 and is currently estimated at $892,666, approximately $332 per square foot. This property was built in 2019. 35643 2nd Ave SW Unit 7 is a home located in King County with nearby schools including Enterprise 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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