NOT LISTED FOR SALE

4520 SW 321st St Unit S10 Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $169,000 - $235,000

1 Bed
1 Bath
593 Sq Ft
12 Acres

Last Sold April 28, 2020

Last sale price $120,000 $202 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,280/month

13 Days on Market

Highlights

  • Contemporary Architecture
  • Cats Allowed
  • Wall to Wall Carpet
  • Territorial View
  • Wood Siding

About This Home

As of April 2020

This is what affordability looks like! Fresh paint, base trim and new flooring throughout are all done, making this home ready for your creativity in the kitchen & bath, selecting new counters and cabinets. Excellent rental potential (previously a Sec 8 Unit) or a sweet starter to get your equity nest egg in gear. Homes in this price segment don't come along very often- get yours! Heated pool, pickle ball, basketball, soccer, badminton and tennis courts! No Rental Cap. ~20% owner occupied.

Last Listed By

Dennis Pearce

KW Greater Seattle License #83246 Listed on: 03/10/2020

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1572488

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,157

Year Built

  • Built in 1977

Lot Details

  • Street terminates at a dead end

Parking

  • Uncovered Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Listing and Financial Details

  • Assessor Parcel Number 5126001700

Community Details

Overview

  • 12 Units
  • Twin Lakes Community

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,157

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 30 - Condo (1 Level)
  • Architecture: Contemporary
  • Entrance Level: Lower
  • Unit Floor Number: 2
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Appliance Hookups: Cooking-Electric
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Storage: Patio Deck
  • Estimated Sq Ft: 593

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Uncovered

Utilities

  • Heating And Cooling: Baseboard

Condo/Co-op/Association

  • Numberof Units in Building: 12
  • Numberof Units In Complex: 172
  • HOA Fees: 312
  • Community Name: Twin Lakes
  • Project: Maplewood Condominiums
  • Cats And Dogs: Cats Only
  • Manager Contact Information: Michelle (253) 838-3969
  • Association Contact: Targa Mgmt- Christina Wilson (253) 754-6034
  • Common Property Features: Athletic Court, Laundry Room, Pool-Outdoor
  • Home Owner Dues Included: Garbage, Water/Sewer, Road Maintenance, Common Area Maintenance, Lawn Service
  • Unit Features: Balcony/Deck/Patio, Top Floor

Schools

  • Elementary School: Twin Lakes Elem
  • Middle School: Lakota Mid Sch
  • High School: Decatur High
  • School District: FED

Lot Info

  • Lot Details: Curbs, Dead End Street, Paved Street, Sidewalk
  • Lot Sq Ft: 506535
  • Parcel Number: 5126001700

Rental Info

  • Monthly Rentif Rented: 1000

Tax Info

  • Tax Amount: 873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Apr 22, 2020
Sold by
Garino John and Garino Diana
Bought by
Ludberg Jacob Riley
Seller's Agent
Dennis Pearce
KW Greater Seattle
Buyer's Agent
Julie Salazar
eXp Realty
List Price
$95,000
Sold Price
$120,000
Premium/Discount to List
$25,000
26.32%
Total Days on Market
13
Current Estimated Value
$196,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,536
Avg. Annual Appreciation
10.76%
Original Mortgage
$114,000
Outstanding Balance
$102,336
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$99,292

Purchase Details

Closed on
Oct 6, 2005
Sold by
Kocharov Alex
Bought by
Garino John and Garino Diana

Purchase Details

Closed on
Dec 13, 2000
Sold by
Ibanez Reynaldo B and Ibanez Josepha R
Bought by
Kocharov Alex

Purchase Details

Closed on
Nov 13, 2000
Sold by
Kocharov Nataliya M
Bought by
Kocharov Alex

Purchase Details

Closed on
Dec 5, 1996
Sold by
Norco Construction Inc
Bought by
Castro Peter S and Castro Socorro A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,650
Interest Rate
8%

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
Ludberg Jacob Riley $120,000 Fidelity National Title
Garino John $69,900 Lawyers Title
Kocharov Alex $30,000 Chicago Title
Kocharov Alex -- Chicago Title
Castro Peter S $29,000 Transamerica Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludberg Jacob Riley $114,000
Previous Owner Kocharov Alex $52,000
Previous Owner Castro Peter S $24,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2020 04/28/20 Sold $120,000 +26.3% $202 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $95,000 -- $160 / 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 $2,157 $179,000 $32,200 $146,800
2023 $1,595 $173,000 $23,200 $149,800
2022 $1,406 $160,000 $20,600 $139,400
2021 $1,267 $122,000 $18,000 $104,000
2020 $1,126 $103,000 $18,000 $85,000
2018 $902 $74,000 $15,400 $58,600
2017 $747 $62,000 $15,400 $46,600
2016 $705 $51,000 $15,400 $35,600
2015 $575 $46,000 $15,400 $30,600
2014 -- $38,000 $14,200 $23,800
2013 -- $28,000 $14,200 $13,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1572488

Northwest Multiple Listing Service (NWMLS)

APN: 512600-1700