NOT LISTED FOR SALE

5502 S 237th Place Unit 4-2 Kent, WA 98032

The Lakes Neighborhood

Estimated Value: $391,000 - $431,000

2 Beds
1 Bath
1,041 Sq Ft
$389/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $330,000 $317 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,451/month

2 Days on Market

Highlights

  • 1 Fireplace
  • Garage
  • Dogs and Cats Allowed
  • Ceramic Tile Flooring

About This Home

As of October 2021

This is a fabulous townhome at “The Lakes” in a great location that has been lovingly maintained. Features include 2 master bedrooms, wood laminate flooring in the living room & dining area, and ceramic tile in the kitchen & 3 bathrooms. Other features include a wood burning fireplace, extra storage off the outdoor patio, and a private 1-car garage that has room for additional storage. Kitchen has cabinets with stainless-steel pull out shelves and upgraded outlets with USB charging ports. The community includes beautiful landscaping, playgrounds, parks, 20 miles of paved trails, and is located steps away from the Green River. Close to Kent Station, Green River College, Showare Center, freeways, restaurants & shopping!

Last Agent to Sell the Property

Andrew Parker

RE/MAX Metro Realty, Inc. License #25575 Listed on: 09/24/2021

RE/MAX Metro Realty, Inc.

Last Buyer's Agent

Austin Thomas

Kelly Right RE of Seattle LLC License #140119

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1845015

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,646

Year Built

  • Built in 1994

Lot Details

  • 6

Parking

  • Garage

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1 Bathroom
  • 2-Story Property
  • 1 Fireplace
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 7212220020

Community Details

Overview

  • 4 Units
  • The Lakes Community

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,646

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 31 - Condo (2 Levels)
  • Architecture: Townhouse
  • Entrance Level: Main
  • Unit Floor Number: 2
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Floor Covering: Ceramic Tile, Laminate, Vinyl, Wall To Wall Carpet
  • Appliance Hookups: Cooking-Electric, Dryer-Electric, Ice Maker, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Storage: Deck
  • Estimated Sq Ft: 1041
  • Window Coverings: Blinds

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Metal/Vinyl
  • Roof: Composition

Garage/Parking

  • Numberof Assigned Spaces: 1
  • Parking Type: Individual Garage

Utilities

  • Heating And Cooling: Baseboard, Forced Air, Wall
  • Water Heater: Under Stairs Closet-Electric

Condo/Co-op/Association

  • Numberof Units in Building: 4
  • Numberof Units In Complex: 66
  • HOA Fees: 370
  • Community Name: The Lakes
  • Project: Regatta at The Lakes
  • Cats And Dogs: Cats Only, Dogs Only, No Restrictions
  • Manager Contact Information: McPherson Property Management (425) 747-5900
  • Common Property Features: Trails
  • Home Owner Dues Included: Earthquake Ins., Water/Sewer, Road Maintenance, Common Area Maintenance, Lawn Service
  • Unit Features: Balcony/Deck/Patio, Master Bath, Yard

Schools

  • Elementary School: Neely O Brien Elem
  • Middle School: Meridian Jnr High
  • High School: Kent-Meridian High
  • School District: KNT

Lot Info

  • Lot Details: Curbs, Paved Street, Sidewalk
  • Parcel Number: 7212220020

Tax Info

  • Tax Amount: 3225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Oct 18, 2021
Sold by
Quigley Paula Browning
Bought by
Arellano Felmar and Arellano Sheila Mae
Seller's Agent
Andrew Parker
RE/MAX Metro Realty, Inc.
Buyer's Agent
Austin Thomas
Kelly Right RE of Seattle LLC
List Price
$320,000
Sold Price
$330,000
Premium/Discount to List
$10,000
3.12%
Total Days on Market
2
Current Estimated Value
$404,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,569
Avg. Annual Appreciation
5.76%
Original Mortgage
$12,960
Outstanding Balance
$12,003
Interest Rate
3.01%
Mortgage Type
Unknown
Estimated Equity
$391,994

Purchase Details

Listed on
Nov 7, 2017
Closed on
Feb 15, 2018
Sold by
Tivis Jeffrey D and Tivis Malinda S
Bought by
Quigley Paula Browning
Seller's Agent
Dave Bomgardner
John L. Scott Des Moines
Buyer's Agent
Andrew Parker
RE/MAX Metro Realty, Inc.
List Price
$250,000
Sold Price
$247,950
Premium/Discount to List
-$2,050
-0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$235,552
Interest Rate
4.04%

Purchase Details

Listed on
Aug 16, 2016
Closed on
Oct 10, 2016
Sold by
Macdonald Norman H and Solomon Nancy
Bought by
Tivis Jeffrey D and Tivis Malinda S
Seller's Agent
Andrea Taylor
COMPASS
Buyer's Agent
Dave Bomgardner
John L. Scott Des Moines
List Price
$200,000
Sold Price
$203,000
Premium/Discount to List
$3,000
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%
Original Mortgage
$199,323
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 2016
Sold by
Macdonald Norman H and Solomon Nancy
Bought by
Norman Macdonald & Nancy Solomon Living

Purchase Details

Closed on
Jul 7, 2014
Sold by
Macdonald Norman H and Macdonald Kathleen S
Bought by
Macdonald Norman H and Solomon Nancy

Purchase Details

Closed on
Feb 25, 2002
Sold by
Hansen Norman E
Bought by
Macdonald Norman H and Macdonald Kathleen S

Purchase Details

Closed on
Nov 22, 1994
Sold by
Regatta At The Lakes Ltd Ptrshp
Bought by
Hansen Norman E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
6.37%
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 Buyer Sale Price Title Company
Arellano Felmar $330,000 Rainier Title
Quigley Paula Browning $247,950 Ticor Title
Tivis Jeffrey D $203,000 Rainier Title
Norman Macdonald & Nancy Solomon Living -- None Available
Macdonald Norman H -- None Available
Macdonald Norman H $135,500 Fidelity National Title
Hansen Norman E $98,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arellano Felmar $12,960
Open Arellano Felmar $324,022
Previous Owner Quigley Paula Browning $235,552
Previous Owner Tivis Jeffrey D $199,323
Previous Owner Hansen Norman E $93,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $330,000 +3.1% $317 / Sq Ft
09/26/2021 09/26/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $320,000 +29.1% $307 / Sq Ft
02/28/2018 02/28/18 Sold $247,950 0.0% $238 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
12/19/2017 12/19/17 Price Changed $247,950 -0.8% $238 / Sq Ft
11/09/2017 11/09/17 For Sale $250,000 +23.2% $240 / Sq Ft
10/21/2016 10/21/16 Sold $203,000 +1.5% $195 / Sq Ft
09/03/2016 09/03/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $200,000 -- $192 / 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 $3,646 $347,000 $41,900 $305,100
2023 $4,201 $390,000 $39,900 $350,100
2022 $3,491 $336,000 $39,900 $296,100
2021 $3,226 $290,000 $37,900 $252,100
2020 $3,209 $255,000 $37,900 $217,100
2018 $2,817 $241,000 $34,900 $206,100
2017 $2,362 $210,000 $34,900 $175,100
2016 $2,100 $178,000 $34,900 $143,100
2015 $1,980 $149,000 $34,900 $114,100
2014 -- $137,000 $34,900 $102,100
2013 -- $99,000 $34,900 $64,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1845015

Northwest Multiple Listing Service (NWMLS)

APN: 721222-0020