NOT LISTED FOR SALE

5511 S 237th Place Unit 12-2 Kent, WA 98032

The Lakes Neighborhood

Estimated Value: $470,000 - $500,000

3 Beds
3 Baths
1,384 Sq Ft
6.07 Acres

Last Sold September 21, 2021

Last sale price $450,000 $325 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,932/month

6 Days on Market

Highlights

  • Craftsman Architecture
  • Territorial View
  • Cul-De-Sac
  • Secluded Lot
  • 1 Fireplace
  • Open Space

About This Home

As of September 2021

Welcome home to your gorgeous, spacious 2-story townhome in Lovely Regatta at the Lakes! The home sports a bright and open floor plan w/great room style living & dining rooms and fireplace. Entertainment size private rear deck faces open space and access to multiple trails. Remodeled kitchen with custom cabinetry and granite counters. Main floor powder room & new flooring connecting to a safe and spacious single car garage. Upper level offers 3 large bedrooms & full bath. The master features vaulted ceilings, full bath w/double sinks & walk in closet. Also the wall heaters & water heater have been recently replaced. All appliances stay. Close to amenities, freeways, trails and transportation. Affordable dues of $370/mo include water/sewer.

Last Agent to Sell the Property

Kent Farmer

Meridian Valley Realty Inc. License #17104 Listed on: 08/05/2021

Last Buyer's Agent

Dawson Van Pelt

John L. Scott, Inc License #114548

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1818587

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1994

Lot Details

  • Open Space
  • Cul-De-Sac

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Blinds
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

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

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 7212220320

Community Details

Overview

  • 4 Units
  • The Lakes Community

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 32 - Townhouse
  • Architecture: Craftsman
  • Entrance Level: Main
  • Unit Floor Number: 1
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl, Wall To Wall Carpet
  • Remodeled: Y
  • Remodeled Updated: Y
  • Appliance Hookups: Cooking-Electric, Dryer-Electric, Ice Maker, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Storage: Garage
  • Estimated Sq Ft: 1384
  • Window Coverings: Blinds

Exterior Features

  • Exterior: Metal/Vinyl, Wood
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Individual Garage, Uncovered

Utilities

  • Heating And Cooling: Forced Air, Wall
  • Water Heater: Garage-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, Subj To Restrictions
  • Manager Contact Information: Sharon McKinney (425) 747-5900
  • Association Contact: McPherson's (425) 747-5900
  • Common Property Features: High Speed Int Avail, Trails
  • Home Owner Dues Included: Water/Sewer, Road Maintenance, Common Area Maintenance, Lawn Service
  • Unit Features: Alarm System, Balcony/Deck/Patio, Ground Floor, Insulated Windows, Master Bath, Vaulted Ceilings, Walk-In Closet, Yard

Schools

  • School District: KNT

Lot Info

  • Lot Details: Cul-De-Sac, Open Space, Paved Street, Secluded, Sidewalk
  • Parcel Number: 7212220320

Tax Info

  • Tax Amount: 3832

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 14, 2021
Sold by
Blake Lynda J
Bought by
Lo Joseph Lee
Seller's Agent
Kent Farmer
Meridian Valley Realty Inc.
Buyer's Agent
Dawson Van Pelt
John L. Scott, Inc
List Price
$435,000
Sold Price
$450,000
Premium/Discount to List
$15,000
3.45%
Current Estimated Value
$490,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,054
Avg. Annual Appreciation
1.85%
Original Mortgage
$382,500
Outstanding Balance
$347,527
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$138,696

Purchase Details

Closed on
Nov 17, 1994
Sold by
Regatta At The Lakes Ltd Partnership
Bought by
Blake Lynda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,990
Interest Rate
8.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lo Joseph Lee $450,000 Chicago Title
Blake Lynda J $129,990 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lo Joseph Lee $382,500
Previous Owner Blake Lynda J $69,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2021 09/21/21 Sold $450,000 +3.4% $325 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $435,000 -- $314 / 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 $4,245 $405,000 $42,100 $362,900
2023 $4,294 $461,000 $40,100 $420,900
2022 $4,140 $400,000 $40,100 $359,900
2021 $3,832 $345,000 $38,100 $306,900
2020 $3,876 $304,000 $38,100 $265,900
2018 $3,440 $291,000 $35,100 $255,900
2017 $2,899 $258,000 $35,100 $222,900
2016 $2,744 $220,000 $35,100 $184,900
2015 $2,451 $197,000 $35,100 $161,900
2014 -- $171,000 $35,100 $135,900
2013 -- $118,000 $35,100 $82,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1818587

Northwest Multiple Listing Service (NWMLS)

APN: 721222-0320