Listed by RE/MAX Realty South, Bought with John L. Scott, Inc
$410,000
SOLD JUL 7, 2022

5401 S 237th Place Unit 17-4 Kent, WA 98032

The Lakes Neighborhood
3 Beds
2.5 Baths
1,439 Sq Ft
$380/mo HOA Fee

Recently Sold

$285 Per Sq Ft

3% Above List Price

4 Days on Market

Highlights

  • Territorial View
  • 1 Fireplace
  • Corner Lot
  • Vaulted Ceiling
  • End Unit
  • Balcony

About This Home

As of March 2025

Great flip, investment or fix & live in! Priced well below market as seller wants this property out of her portfolio. Property was used as long term rental & left in disarray. All that said, this corner-unit townhouse has super great bones & so much potential. Three bedrooms & 2 1/2 baths, wood-burning fireplace, 2-car attached garage. 2-story entry w/skylight & vaulted livingroom w/top windows let in loads of natural light. Many units have opened up the kitchen wall and this one could benefit from that as well, although you may like the separate space. Close to I-5 & 167, downtown Kent, Federal Way, for Ezy communting. Seller to make absolutely no repairs or improvements. Buyer responsible for all/any cleanout, HOA transfer fees, etc.

Last Agent to Sell the Property

Gabrielle Nemes

RE/MAX Realty South License #75600 Listed on: 06/09/2022

RE/MAX Realty South

Last Buyer's Agent

Joshua Hall

John L. Scott, Inc License #25510

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1947243

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,080

Year Built

  • Built in 1994

Lot Details

  • End Unit
  • North Facing Home

HOA Fees

  • $380 Monthly HOA Fees

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,439 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • 1 Fireplace
  • Insulated Windows
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Electric Dryer
  • Washer

Parking

  • Garage
  • Common or Shared Parking
  • Uncovered Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 7212220660

Community Details

Overview

  • Association fees include common area maintenance, lawn service, road maintenance, sewer, water
  • 66 Units
  • Macpherson's Pm Sharon Mckinney Association
  • Secondary HOA Phone (425) 747-5900
  • Regatta Condos
  • The Lakes Subdivision
  • Park Phone (425) 747-5900 | Manager Sharon McKinney

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,080

Year Built

Built in 1994

Lot Details

0

HOA Fees

$380 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 32 - Townhouse
  • Year Built: 1994
  • Inclusions: Dishwasher,GarbageDisposal,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Regatta
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1439
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Skylights,Vaulted Ceilings,Walk-in Closet
  • Special Features: None
  • Cumulative Days on Market: 1,125

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Refrigerator, Stove/Range
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Stories: 2
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Refrigerator,Stove/Range

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Metal/Vinyl
  • Structure Type: Townhouse
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Common Garage, Uncovered
  • ParkingSpaceNumbers: 0

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating Yn: Yes
  • Utilities: Electricity Available, Common Area Maintenance, Road Maintenance
  • HeatingCoolingType: Baseboard,Wall
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Laundry
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Cable TV, High Speed Int Avail, Outside Entry
  • Park Manager Name: Sharon McKinney
  • Park Manager Phone: 425-747-5900
  • Senior Community: No
  • Association Fee: 380
  • Association Fee Frequency: Monthly
  • Phone: 425-747-5900
  • Association: Yes
  • Pets Allowed: Yes
  • AssociationContactName: MacPherson's PM - Sharon McKinney
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,High Speed Int Avail,Outside Entry

Fee Information

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

Schools

  • Junior High Dist: Kent
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7212220660
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4080

Multi Family

  • Number Of Units In Community: 66
  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Mar 22, 2025
Sold by
Cullinan Kamella K
Bought by
Mcclean Timothy H
Seller's Agent
Jeffrey McCann
Terry Wise & Associates
Buyer's Agent
Mindy McClean
Coldwell Banker Danforth
List Price
$513,000
Sold Price
$490,000
Premium/Discount to List
-$23,000
-4.48%
Views
56
Current Estimated Value
$502,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,434
Avg. Annual Appreciation
6.66%
Original Mortgage
$490,000
Outstanding Balance
$490,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$10,857

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jun 30, 2022
Sold by
Elaine C Diorio Trust
Bought by
Cullinan Kamella K
Seller's Agent
Gabrielle Nemes
RE/MAX Realty South
Buyer's Agent
Joshua Hall
John L. Scott, Inc
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$328,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2004
Sold by
Mclean Brian Patrick and Yari Julie M
Bought by
Diorio Elaine C and Elaine C Diorio Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
5.76%

Purchase Details

Closed on
Feb 19, 2001
Sold by
Mclean Brian Patrick and Yari Julie M
Bought by
Mclean Brian Patrick and Yari Julie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.89%

Purchase Details

Closed on
Jun 16, 1995
Sold by
Regatta At The Lakes Ltd Ptrshp
Bought by
Mclean Brian Patrick and Yari Julie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,450
Interest Rate
8.37%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $490,000 Chicago Title
Warranty Deed $410,000 Stewart Title
Warranty Deed $196,000 Stewart Title
Warranty Deed -- Stewart Title
Warranty Deed $142,990 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Previous Owner $40,000 New Conventional
Previous Owner $328,000 New Conventional
Previous Owner $156,800 No Value Available
Previous Owner $140,000 No Value Available
Previous Owner $137,450 No Value Available
Closed $23,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Sold $490,000 -4.5% $341 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
02/06/2025 02/06/25 For Sale $513,000 +25.1% $356 / Sq Ft
07/07/2022 07/07/22 Sold $410,000 +2.8% $285 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $399,000 -- $277 / 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 $4,299 $410,000 $42,100 $367,900
2023 $4,759 $441,000 $40,100 $400,900
2022 $4,314 $417,000 $40,100 $376,900
2021 $4,014 $360,000 $38,100 $321,900
2020 $4,094 $319,000 $38,100 $280,900
2018 $3,742 $316,000 $35,100 $280,900
2017 $3,013 $282,000 $35,100 $246,900
2016 $2,877 $229,000 $35,100 $193,900
2015 $2,732 $207,000 $35,100 $171,900
2014 -- $192,000 $35,100 $156,900
2013 -- $130,000 $35,100 $94,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1947243

Northwest Multiple Listing Service (NWMLS)

APN: 721222-0660