Listed by Terrafin, Bought with Triwood Realty
NOT LISTED FOR SALE

37325 8th Ave S Federal Way, WA 98003

Estimated Value: $802,000 - $932,000

3 Beds
2 Baths
2,840 Sq Ft
$307/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $902,500 $318 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,287/month

9 Days on Market

Highlights

  • Horses Allowed On Property
  • RV Access or Parking
  • Deck
  • Second Kitchen
  • Fruit Trees
  • Softwood Flooring

About This Home

As of July 2024

Potential for four luxury home sites (just shy of an acre each) with septic designs and water availability letter. Located in Federal Way and situated within easy reach of the region's finest amenities and natural wonders, these home sites offer unparalleled tranquility and convenience. One of the sites features an original home resting on a sprawling 36,000 square-foot plot, characterized by an inviting open floor plan. Ideal for visionary developers and astute investors, this property presents an enticing opportunity for either rehabilitation or additional redevelopment.

Last Agent to Sell the Property

Barb Williams

Terrafin License #42750 Listed on: 06/12/2024

Terrafin

Co-Listed By

Erika Maddox

Terrafin License #21009705

Last Buyer's Agent

Mark Prescott

Triwood Realty License #80575

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2247155

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,195

Year Built

  • Built in 1938

Lot Details

  • 3.43 Acre Lot
  • Lot Dimensions are 518' x 298.3'
  • Open Space
  • East Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Fruit Trees
  • Garden
  • Value in Land

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Vinyl Construction Material

Interior Spaces

  • 2,840 Sq Ft Home
  • 1.5-Story Property
  • 2 Fireplaces
  • Electric Fireplace
  • Dining Room
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Second Kitchen
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Hot Water Circulator
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Pasture
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • S Federal Way Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,195

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 17 - 1 1/2 Stry w/Bsmt
  • Year Built: 1938
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: OneAndOneHalf
  • New Construction: No
  • CalculatedSquareFootage: 2840
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2247155?w=Consumer&agent=17359
  • Special Features: None
  • Cumulative Days on Market: 419

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Flooring: Softwood, Laminate, Carpet
  • Interior Amenities: Fir/Softwood, Wall to Wall Carpet, Laminate, Second Kitchen, Double Pane/Storm Window, Dining Room, Fireplace, Water Heater
  • Living Area: 2840
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 2840
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Open Space, Paved, Value In Land
  • View: No
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Brick, Cement/Concrete, Cement Planked, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water Recirc Pump, Radiant, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Lakehaven
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 3221049023
  • Topography: Equestrian,Level,PartialSlope,Rolling
  • Land Lease: No
  • Lot Size Acres: 3.43
  • Lot Size: 518' x 298.3'
  • Lot Size Sq Ft: 149410
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Co Assessor
  • MLSSquareFootageSource: Co Assessor

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6195

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
Njenga Muturi L
Bought by
Amani Management Trust and Njenga
Current Estimated Value
$872,257

Purchase Details

Closed on
Nov 23, 2018
Sold by
Kim Ji Yeon and Kim Eunhee
Bought by
Kim Eunhee

Purchase Details

Listed on
Jun 9, 2015
Closed on
Mar 11, 2016
Sold by
Huang Jason L
Bought by
Kim Ji Yeon
Seller's Agent
Garth Ward
eXp Realty
Buyer's Agent
Eric Abshire
RE/MAX Professionals
List Price
$395,000
Sold Price
$371,250
Premium/Discount to List
-$23,750
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$334,125
Interest Rate
3.65%

Purchase Details

Closed on
Nov 10, 1988
Sold by
Wollen Henry A
Bought by
Wollen Brad
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
Amani Management Trust $313 None Listed On Document
Kim Eunhee -- None Available
Kim Ji Yeon -- Wfg National
Kim Eunhee -- Wfg National
Kim Ji Yeon $371,250 Wfg National
Wollen Brad -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Ji Yeon $334,125
Previous Owner Wollen Brad F $65,000
Previous Owner Wollen Brad F $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $902,500 +0.3% $318 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $900,000 +142.4% $317 / Sq Ft
03/24/2016 03/24/16 Sold $371,250 -6.0% $226 / Sq Ft
10/19/2015 10/19/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $395,000 -- $241 / 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 $6,533 $652,000 $296,000 $356,000
2023 $6,195 $566,000 $247,000 $319,000
2022 $5,538 $611,000 $273,000 $338,000
2021 $5,902 $489,000 $239,000 $250,000
2020 $5,757 $491,000 $188,000 $303,000
2018 $5,848 $464,000 $188,000 $276,000
2017 $5,299 $412,000 $171,000 $241,000
2016 $5,150 $373,000 $156,000 $217,000
2015 $4,770 $347,000 $149,000 $198,000
2014 -- $329,000 $149,000 $180,000
2013 -- $118,000 $108,000 $10,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2247155

Northwest Multiple Listing Service (NWMLS)

APN: 322104-9023