Listed by Coldwell Banker Danforth, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

5415 SW 316th Place Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $535,000 - $613,000

2 Beds
1 Bath
1,480 Sq Ft
$389/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $210,000 $142 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $3,527/month

116 Days on Market

About This Home

As of February 2016

Priced for quick sell! Federal Way / Dash Point Fixer Home on Beautiful Flat One Acre Parcel. Includes mature trees and newly built storage shed. Build your Dream Home or Restore the existing home. Walk over from your lot to Dash Point State Park & Beach!

Last Agent to Sell the Property

Mary Dempe-Smith

Coldwell Banker Danforth Listed on: 09/11/2015

Last Buyer's Agent

Dave Messner

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM846980

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,785

Year Built

  • Built in 1953

Lot Details

  • 1.03

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Flooring

  • Softwood
  • Vinyl

Additional Features

  • 1 Fireplace
  • Septic System
  • Finished Basement

Community Details

  • Dash Point Community

Listing and Financial Details

  • Assessor Parcel Number 1021039028

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,785

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dining Room
  • Floor Covering: Fir/Softwood, Hardwood, Vinyl
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Living Room: Main
  • Estimated Sq Ft: 1480
  • Square Footage Finished: 1480

Exterior Features

  • Exterior: Brick
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Baseboard, Insert
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Water Company: Tacoma Water
  • Water Heater: kitchen-electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Dash Point

Schools

  • School District: FED

Lot Info

  • Lot Sq Ft: 44724
  • Parcel Number: 1021039028

Tax Info

  • Tax Amount: 2697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2015
Closed on
Feb 25, 2016
Sold by
Lunnen John E and Lunnen Hella M
Bought by
Hong Hyuk and Hong Soyang
Seller's Agent
Mary Dempe-Smith
Coldwell Banker Danforth
Buyer's Agent
Dave Messner
Keller Williams Realty PS
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%
Current Estimated Value
$575,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,172
Avg. Annual Appreciation
10.49%
Original Mortgage
$206,196
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2009
Sold by
Lunnen John E and Lunnen Hella M
Bought by
Lunnen John E and Lunnen Hella M

Purchase Details

Closed on
Mar 24, 2007
Sold by
Rowe Hannah A
Bought by
Lunnen John E and Lunnen Hella M
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
Hong Hyuk $210,000 First American
Lunnen John E -- None Available
Lunnen John E $200,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hong Hyuk $192,500
Closed Hong Hyuk $34,426
Closed Hong Hyuk $206,196
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $210,000 +5.0% $142 / Sq Ft
01/06/2016 01/06/16 Pending -- -- --
01/04/2016 01/04/16 Price Changed $200,000 -9.1% $135 / Sq Ft
09/11/2015 09/11/15 For Sale $220,000 -- $149 / 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 $4,785 $476,000 $287,000 $189,000
2023 $4,611 $431,000 $260,000 $171,000
2022 $4,308 $465,000 $265,000 $200,000
2021 $3,737 $377,000 $241,000 $136,000
2020 $3,564 $306,000 $222,000 $84,000
2018 $3,325 $253,000 $143,000 $110,000
2017 $2,986 $231,000 $134,000 $97,000
2016 $2,938 $207,000 $134,000 $73,000
2015 $2,697 $195,000 $125,000 $70,000
2014 -- $183,000 $117,000 $66,000
2013 -- $167,000 $112,000 $55,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mary Dempe-Smith

    Coldwell Banker Danforth

  • D

    Buyer's Agent in 2016

    Dave Messner

    Keller Williams Realty PS

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM846980

Northwest Multiple Listing Service (NWMLS)

APN: 102103-9028

Washington King County Federal Way 98023 Twin Lakes

5415 SW 316th Place, Federal Way, WA

This home is located at 5415 SW 316th Place, Federal Way, WA 98023 since 11 September 2015 and is currently estimated at $575,172, approximately $388 per square foot. This property was built in 1953. 5415 SW 316th Place is a home located in King County with nearby schools including Twin Lakes Elementary School, Lakota Middle School, and Decatur 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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