Seller's Agent in 2025
Teng Stella Hu
Marketplace Sothebys International Realty
(425) 655-8686
1 in this area
51 Total Sales
Listed by Marketplace Sotheby's Intl Rty, Bought with Marketplace Sotheby's Intl Rty
506 S 321st St Unit 1-B Federal Way, WA 98003
West Campus - Fed Way Neighborhood
3
Beds
1
Bath
1,011
Sq Ft
$360/mo
HOA Fee
Highlights
- 1 Fireplace
- Ground Level Unit
- Balcony
- End Unit
- Sport Court
- Walk-In Closet
About This Home
As of June 2022**Investor Alert** Great opportunity to add to your rental portfolio with existing section 8, very long term tenant, that would like to stay. Rare 3 bedroom, 1 bath, single level Condo living. Current lease below market value ($1450/mo). Current KCHA rental cap for 3 bedroom in this zip code is $2100/mo. Opportunity for capital improvements. Tenant month to month. This unit grandfathered into Rental Cap.
Last Agent to Sell the Property
Marketplace Sotheby's Intl Rty License #101909 Listed on: 04/13/2022
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1915728
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,323
Year Built
- Built in 1979
Lot Details
- Open Space
- End Unit
- North Facing Home
HOA Fees
- $360 Monthly HOA Fees
Parking
- Uncovered Parking
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 1,011 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Insulated Windows
Kitchen
- Electric Oven or Range
- Stove
- Microwave
- Dishwasher
Flooring
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Electric Dryer
- Washer
Outdoor Features
- Balcony
- Patio
Location
- Ground Level Unit
Utilities
- Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1321500020
Community Details
Overview
- Association fees include cable TV, common area maintenance, garbage, lawn service, sewer, water
- Wpi Real Estate – Sabrina Warren Association
- Secondary HOA Phone (206) 701-1479
- Campus Green Condos
- Federal Way Subdivision
Recreation
- Sport Court
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2022
Closed on
Jun 21, 2022
Sold by
Franzen Alvin L and Franzen Kathleen R
Bought by
Wang Yujie
Seller's Agent
Tanya Franzen-Garrett
Marketplace Sotheby's Intl Rty
Buyer's Agent
Teng Stella Hu
Marketplace Sotheby's Intl Rty
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Purchase Details
Closed on
Dec 11, 2002
Sold by
Henderson Leslie and Wilsh Nicolette
Bought by
Franzen Alvin L and Franzen Kathleen R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.06%
Purchase Details
Closed on
Mar 19, 1985
Sold by
Thompson Myrtle M
Bought by
Henderson and Leslie
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | Nextitle | |
| Warranty Deed | $105,000 | Fidelity Natio | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | No Value Available | |
| Previous Owner | $72,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | For Sale | $295,000 | -1.7% | $292 / Sq Ft |
| 06/24/2022 06/24/22 | Sold | $300,000 | -3.2% | $297 / Sq Ft |
| 04/26/2022 04/26/22 | Pending | -- | -- | -- |
| 04/13/2022 04/13/22 | For Sale | $310,000 | -- | $307 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $3,322 | $286,000 | $96,700 | $189,300 |
| 2023 | $2,783 | $302,000 | $66,400 | $235,600 |
| 2022 | $2,227 | $280,000 | $60,400 | $219,600 |
| 2021 | $2,323 | $193,000 | $54,300 | $138,700 |
| 2020 | $2,127 | $190,000 | $54,300 | $135,700 |
| 2018 | $1,909 | $143,000 | $48,300 | $94,700 |
| 2017 | $1,627 | $132,000 | $48,300 | $83,700 |
| 2016 | $1,376 | $112,000 | $42,300 | $69,700 |
| 2015 | -- | $90,000 | $42,300 | $47,700 |
| 2014 | -- | $106,000 | $36,200 | $69,800 |
| 2013 | -- | $66,000 | $36,200 | $29,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2022
Tanya Franzen-Garrett
Marketplace Sothebys International Realty
(206) 226-3723
1 in this area
108 Total Sales
-
Seller Co-Listing Agent in 2022
Michael Garrett
Marketplace Sothebys International Realty
(206) 390-6057
1 in this area
27 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1915728
APN: 132150-0020
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Based on information submitted to the MLS GRID
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