4520 SW 321st St Federal Way, WA 98023
Twin Lakes NeighborhoodEstimated payment $10,528/month
Highlights
- Community Pool
- Baseboard Heating
- Wood Siding
- Bathroom on Main Level
About This Home
Substantial Price Reduction because one unit sold separately. Bring your Investor to this Portfolio of 6 Condominiums at Maplewood. One owner and a board member for more than 20 years. All units have new upgraded electrical panels, water heaters, roofs, energy-efficient vinyl windows and more. (4) 2-bedroom units and (2) 1 bedroom with spacious living rooms with private decks and patios with much greenery. Great full-time staff and optional rental group membership to make this a Turnkey investment with nothing to do but see the rental checks come in and grow. Even add or sell units to your portfolio. Conveniently located near Twin Lakes golf course, shopping, Dash Point, and major transit options, including the light rail and I-5.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2381328
Property Details
Home Type
- Co-Op
Est. Annual Taxes
- $14,262
Year Built
- Built in 1977
HOA Fees
- $3,050 Monthly HOA Fees
Parking
- Uncovered Parking
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 4,376 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Main Level Bedrooms
- Bathroom on Main Level
- 7 Full Bathrooms
Additional Features
- 512600011005,512600028009,512600042000,512600107001,512600157006,512600158004,512600159002
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 512600042000
Community Details
Overview
- Association fees include common area maintenance, earthquake insurance, lawn service, road maintenance, security, sewer, trash, water
- 172 Units
- Targa Re Services Association
- Secondary HOA Phone (253) 925-2242
- Maplewood Condominiums
- Twin Lakes Subdivision
Recreation
- Community Pool
Pet Policy
- Pets Allowed with Restrictions
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,561 | $216,000 | $37,300 | $178,700 |
| 2023 | $1,852 | $202,000 | $26,800 | $175,200 |
| 2022 | $1,636 | $187,000 | $23,900 | $163,100 |
| 2021 | $1,466 | $143,000 | $20,900 | $122,100 |
| 2020 | $1,336 | $120,000 | $20,900 | $99,100 |
| 2018 | $1,083 | $90,000 | $17,900 | $72,100 |
| 2017 | $900 | $75,000 | $17,900 | $57,100 |
| 2016 | $880 | $62,000 | $17,900 | $44,100 |
| 2015 | $703 | $58,000 | $17,900 | $40,100 |
| 2014 | -- | $47,000 | $16,400 | $30,600 |
| 2013 | -- | $33,000 | $16,400 | $16,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $239,000 | 0.0% | $304 / Sq Ft | |
| 10/27/2025 10/27/25 | Sold | $239,000 | -80.1% | $304 / Sq Ft | View Prior Sale |
| 10/23/2025 10/23/25 | Price Changed | $1,199,000 | -17.3% | $274 / Sq Ft | |
| 09/30/2025 09/30/25 | Pending | -- | -- | -- | |
| 06/06/2025 06/06/25 | For Sale | $1,450,000 | -- | $331 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $239,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Warranty Deed | $51,000 | Stewart Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $42,500 | Stewart Title | |
| Warranty Deed | $34,200 | Chicago Title Insurance Co | |
| Warranty Deed | $31,800 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $231,830 | New Conventional | |
| Previous Owner | $31,850 | No Value Available |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2381328
APN: 512600-0280
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