NOT LISTED FOR SALE

35805 16th Ave S Federal Way, WA 98003

Estimated Value: $571,423 - $633,000

4 Beds
2 Baths
1,800 Sq Ft
$339/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $385,000 $214 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,840/month

7 Days on Market

Highlights

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

About This Home

As of January 2018

Incredible opportunity to purchase investment duplex property. Excellent location, just a minute off I-5, Hwy 18, Enchanted Pkwy, Costco, Schools, & so much more! Total lot size 17,415, each unit has their own fully fenced generous backyard with storage sheds, & covered back patio. Can park 3-4 cars on each side! Units feature 2 bdrm, 1 bath, & fireplace. Zoned for single family/duplex for potential investor/builder. Tenant occupied in both, must allow 24hr, call friendly LA for showing details.

Last Agent to Sell the Property

Cheryl Siegfried

eXp Realty License #83326 Listed on: 12/15/2017

eXp Realty

Last Buyer's Agent

Ryan Runge

American Classic Homes License #25405

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1226464

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,328

Year Built

  • Built in 1969

Lot Details

  • 0.4 Acre Lot
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2921049105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,328

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1800
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 297

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 90

Fee Information

  • Annual Fuel Expense: 70

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2921049105
  • Lot Size Acres: 0.3998
  • Lot Size Sq Ft: 17415
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Outbuildings,Patio
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2585

Multi Family

  • Gross Scheduled Income: 2595
  • Number Of Units Total: 6
  • Insurance Expense: 71
  • Leasable Area: 1800
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 67

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2017
Closed on
Jan 29, 2018
Sold by
Loreen Jacqueline Denise
Bought by
Lam Minh and Nguyen Trang
Seller's Agent
Cheryl Siegfried
eXp Realty
Buyer's Agent
Ryan Runge
American Classic Homes
List Price
$385,000
Sold Price
$385,000
Current Estimated Value
$609,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,606
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Apr 9, 2014
Sold by
Lesse James
Bought by
Park 16 Llc

Purchase Details

Closed on
Jan 20, 2004
Sold by
Lesse James Daniel
Bought by
Lesse James Daniel and James Daniel Lesse Living Trust

Purchase Details

Closed on
Mar 26, 1993
Sold by
Haverland Terry
Bought by
Lesse James D
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
Lam Minh $385,000 Ticor Title
Park 16 Llc $8,385 First American
Lesse James Daniel -- --
Lesse James D $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Minh $292,400
Closed Lam Minh $294,000
Previous Owner Lesse James Daniel $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $385,000 0.0% $214 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
12/15/2017 12/15/17 For Sale $385,000 -- $214 / 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 $5,328 $533,000 $160,000 $373,000
2023 $5,134 $482,000 $134,000 $348,000
2022 $4,736 $520,000 $148,000 $372,000
2021 $5,328 $416,000 $130,000 $286,000
2020 $5,185 $442,000 $90,000 $352,000
2018 $5,262 $417,000 $90,000 $327,000
2017 $1,208 $370,000 $82,000 $288,000
2016 $215 $335,000 $75,000 $260,000
2015 $1,058 $79,700 $0 $79,700
2014 -- $221,000 $72,000 $149,000
2013 -- $49,000 $0 $49,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1226464

Northwest Multiple Listing Service (NWMLS)

APN: 292104-9105