Listed by KW Greater Seattle, Bought with eXp Realty
NOT LISTED FOR SALE

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

Twin Lakes Neighborhood

Estimated Value: $167,000 - $205,000

1 Bed
1 Bath
593 Sq Ft
11.63 Acres

Last Sold April 28, 2020

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

Est. 59% increase in value since last sale

Current estimated payment $1,186/month

13 Days on Market

Highlights

  • Unit is on the top floor
  • Contemporary Architecture
  • Territorial View
  • 11.63 Acre Lot
  • Property is near public transit
  • Community Pool

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 Agent to Sell the Property

Dennis Pearce

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

KW Greater Seattle

Last Buyer's Agent

Julie Salazar

eXp Realty License #136512

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1572488

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $873

Year Built

  • Built in 1977

Lot Details

  • 11.63

Parking

  • Uncovered Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 593 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Location

  • Unit is on the top floor
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Twin Lakes Elementary School
  • Lakota Mid Sch Middle School
  • Decatur High School

Additional Features

  • Balcony
  • Street terminates at a dead end

Listing and Financial Details

  • Assessor Parcel Number 5126001700

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, road maintenance, water/sewer
  • 172 Units
  • Targa Mgmt Christina Wilson Association
  • Secondary HOA Phone (253) 754-6034
  • Maplewood Condominiums
  • Twin Lakes Subdivision
  • Park Phone (253) 838-3969 | Manager Michelle

Amenities

  • Laundry Facilities

Recreation

  • Sport Court
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$873

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1977
  • Inclusions: Dishwasher,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Maplewood Condominiums
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 593
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 9
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio,Top Floor
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Lower
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Cooking-Electric
  • Main Level Bedrooms: 1
  • Stories: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 2
  • AppliancesIncluded: Dishwasher,Microwave,Range/Oven,Refrigerator
  • StorageLocation: Patio Deck

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Uncovered

Utilities

  • Heating Yn: Yes
  • Utilities: Electricity Available, Garbage, Water/Sewer
  • ApplianceHookups: Cooking-Electric

Condo/Co-op/Association

  • Community Features: Athletic Court, Laundry Room, Pool
  • Park Manager Name: Michelle
  • Park Manager Phone: 253-838-3969
  • Senior Community: No
  • Association Fee: 312
  • Phone: 253-754-6034
  • Common Interest: Condominium
  • AssociationContactName: Targa Mgmt- Christina Wilson
  • CommonPropertyFeatures: Athletic Court,Laundry Room,Pool-Outdoor

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Road Maintenance, Water/Sewer

Schools

  • Junior High Dist: Federal Way
  • High School: Decatur High
  • Middle Or Junior School: Lakota Mid Sch

Lot Info

  • Parcel Number: 5126001700
  • Lot Size Acres: 11.6284
  • Lot Size Sq Ft: 506535
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 873

Multi Family

  • Number Of Units In Community: 172
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12

MLS Schools

  • Elementary School: Twin Lakes Elem

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%
Current Estimated Value
$190,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,525
Avg. Annual Appreciation
8.87%
Original Mortgage
$114,000
Outstanding Balance
$101,020
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$89,070

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%
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
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 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: 1572488

Northwest Multiple Listing Service (NWMLS)

APN: 512600-1700