NOT LISTED FOR SALE

534 SW 316th St Federal Way, WA 98023

Mirror Lake Neighborhood

Estimated Value: $765,000 - $997,000

5 Beds
3 Baths
3,540 Sq Ft
$248/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $550,000 $155 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,591/month

9 Days on Market

Highlights

  • Lake View
  • 1 Fireplace
  • Ceramic Tile Flooring
  • Deck
  • Detached Garage
  • Attached Carport

About This Home

As of September 2018

5 bedroom, 2 1/2 bath home on 70 feet of no bank waterfront on serene Mirror Lake! Unique architecture positions main living spaces on second floor to maximize water view. Huge windows throughout provide an unobstructed panorama on both levels. Master w/5 piece bath is on the main, along with another bedroom, living room, and slider to back. Dramatic entry showcases lake. An 870 foot deck means plenty of room for outdoor enjoyment. Secluded lakefront retreat on 2/3 acre w/lush landscape.

Last Listed By

Laney Calhoon

AgencyOne Listed on: 08/03/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1340443

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,442

Year Built

  • Built in 1960

Lot Details

  • 0.76

Home Design

  • Brick Exterior Construction
  • Shake Roof

Interior Spaces

  • 1 Fireplace
  • Lake Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • Attached Carport

Additional Features

  • Deck
  • Level Lot

Community Details

  • Mirror Lake Community

Listing and Financial Details

  • Assessor Parcel Number 5559200190

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,442

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dining Room, Security System
  • Floor Covering: Ceramic Tile, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Dining Room: Upper
  • Family Room: Upper
  • Living Room: Main
  • Kitchen w/ Eating Area: Upper
  • Estimated Sq Ft: 3540
  • Square Footage Finished: 3540

Exterior Features

  • Exterior: Brick
  • Roof: Cedar Shake
  • View: Lake
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Type: Carport-Attached, Garage-Detached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget
  • Sewer: Sewer Connected
  • Sewer Company: Lake Haven
  • Water Company: Lake Haven
  • Water Heater: electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mirror Lake
  • Project: Mirror Lake

Schools

  • School District: FED

Lot Info

  • Lot Number: 38 & 39
  • Lot Dimensions: 33081
  • Lot Sq Ft: 33081
  • Lot Topography Vegetation: Level
  • Parcel Number: 5559200190
  • Lot Topography: Level

Tax Info

  • Tax Amount: 7812

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Sep 24, 2018
Sold by
Oskam James and Oskam Yong L
Bought by
Oskam Yong L
Seller's Agent
Laney Calhoon
AgencyOne
Buyer's Agent
Kyong Kwon
Berkshire Hathaway HS NW
List Price
$669,900
Sold Price
$550,000
Premium/Discount to List
-$119,900
-17.9%
Total Days on Market
9
Current Estimated Value
$877,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,296
Avg. Annual Appreciation
5.77%
Original Mortgage
$280,000
Outstanding Balance
$247,646
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$551,518

Purchase Details

Closed on
Aug 25, 2010
Sold by
J A Tudor & Association Pensionand Profi
Bought by
Rice Milton B and Rice Joanne M

Purchase Details

Closed on
Dec 11, 1987
Sold by
Tudor Tudor G and Tudor A
Bought by
J.A. Tudor & Associates Inc

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
Oskam Yong L -- Chicago Title
Oskam Yang L $550,000 Chicago Title
Rice Milton B -- Stewart Title
J.A. Tudor & Associates Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oskam Yang L $280,000
Previous Owner Rice Milton B $400,000
Previous Owner Rice Milton B $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Sold $550,000 -17.9% $155 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $669,900 -- $189 / 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 $8,442 $859,000 $344,000 $515,000
2023 $8,438 $778,000 $310,000 $468,000
2022 $6,152 $688,000 $282,000 $406,000
2021 $7,902 $545,000 $225,000 $320,000
2020 $7,307 $662,000 $231,000 $431,000
2018 $7,812 $590,000 $184,000 $406,000
2017 $6,635 $553,000 $168,000 $385,000
2016 $5,891 $469,000 $153,000 $316,000
2015 $5,465 $398,000 $146,000 $252,000
2014 -- $378,000 $146,000 $232,000
2013 -- $182,000 $106,000 $76,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Laney Calhoon

    AgencyOne

    Section Image
  • Kyong Kwon

    Buyer's Agent in 2018

    Kyong Kwon

    Berkshire Hathaway HomeServices Northwest Real Estate

    (253) 332-5388

    2 in this area

    68 Total Sales

    Kyong Kwon
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1340443

Northwest Multiple Listing Service (NWMLS)

APN: 555920-0190

Washington King County Federal Way 98023 Mirror Lake

534 SW 316th St, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 534 SW 316th St, Federal Way, WA 98023 since 03 August 2018 and is currently estimated at $877,296, approximately $247 per square foot. This property was built in 1960. 534 SW 316th St is a home located in King County with nearby schools including Lake Grove Elementary School, Lakota Middle School, and Federal Way High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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