NOT LISTED FOR SALE

5527 S 237th Place Unit 11-2 Kent, WA 98032

The Lakes Neighborhood

Estimated Value: $438,000 - $505,000

3 Beds
3 Baths
1,384 Sq Ft
6.07 Acres

Last Sold April 22, 2021

Last sale price $415,000 $300 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,851/month

4 Days on Market

Highlights

  • Views of a Sound
  • 1 Fireplace
  • Garage
  • Northwest Architecture
  • Open Space
  • Wood Siding

About This Home

As of April 2021

Sparkling unit with a fantastic deck adjoining the Green River Trail. New interior paint and new carpet make this home more than move-in ready! The bedrooms are "HUGE" and the master is on the "riverside" of the unit. All rooms have ceiling fans and the heating costs are a mere $62/month. Terrific commutes to I-5 North or South and 169. Water and sewer is included in HOA dues.

Last Agent to Sell the Property

Pam McCain

John L. Scott, Inc. License #47212 Listed on: 03/18/2021

John L. Scott, Inc.

Last Buyer's Agent

Jennifer Clukey

Windermere Real Estate/PSR Inc License #74076

Windermere Real Estate/PSR Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1744794

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1994

Lot Details

  • Open Space

Parking

  • Garage

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

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

Interior Spaces

  • 2-Story Property
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 7212220280

Community Details

Overview

  • 4 Units
  • The Lakes Community

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Year Built

Built in 1994

Lot Details

0

Listing Details

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

Interior Features

  • Appliance Hookups: Cooking-Electric, Dryer-Electric, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, 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
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1384
  • Window Coverings: Stay

Exterior Features

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

Garage/Parking

  • Parking Type: Individual Garage
  • Parking Space Number: 1

Utilities

  • Heating And Cooling: Baseboard, 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: Subj To Restrictions
  • Association Contact: Sharon McKinney (425) 344-6560
  • Common Property Features: Cable Tv, High Speed Int Avail, Outside Entry, Trails
  • Home Owner Dues Included: Earthquake Ins., Garbage, Water/Sewer, Road Maintenance, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, Ground Floor, Master Bath, Walk-In Closet, Yard

Schools

  • School District: KNT

Lot Info

  • Lot Details: Curbs, Open Space, Paved Street, Sidewalk
  • Parcel Number: 7212220280

Tax Info

  • Tax Amount: 3876

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 12, 2021
Sold by
Ladd Cathi C
Bought by
Ladd Michael M
Seller's Agent
Pam McCain
John L. Scott, Inc.
Buyer's Agent
Jennifer Clukey
Windermere Real Estate/PSR Inc
List Price
$359,950
Sold Price
$415,000
Premium/Discount to List
$55,050
15.29%
Current Estimated Value
$474,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,779
Avg. Annual Appreciation
2.95%
Original Mortgage
$332,000
Outstanding Balance
$299,996
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$174,783

Purchase Details

Closed on
Jul 23, 2010
Sold by
Fannie Mae
Bought by
Taylor Rebekah D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,520
Interest Rate
4.52%

Purchase Details

Closed on
Jan 14, 2010
Sold by
Scott Karen J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 31, 2005
Sold by
Bacalzo Liborio and Bacalzo Laverne Gay
Bought by
Scott Karen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
1%

Purchase Details

Closed on
Dec 8, 1997
Sold by
Heilman Raymond B
Bought by
Bacalzo Liborio and Bacalzo Laverne Gay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.19%

Purchase Details

Closed on
Nov 16, 1994
Sold by
Regatta At The Lakes Ltd Partnership
Bought by
Heilman Raymond B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,150
Interest Rate
5.75%
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
Ladd Michael M -- First American Title
Ladd Elizabeth $415,000 First American Title
Taylor Rebekah D $157,000 Chicago Title
Federal National Mortgage Association $242,730 First American
Scott Karen J $229,500 Fidelity Natio
Bacalzo Liborio $139,000 Old Republic Title Ltd
Heilman Raymond B $127,563 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ladd Michael M $332,000
Previous Owner Taylor Rebekah D $114,520
Previous Owner Scott Karen J $163,000
Previous Owner Bacalzo Liborio $100,000
Previous Owner Heilman Raymond B $121,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2021 04/22/21 Sold $415,000 +15.3% $300 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $359,950 -- $260 / 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 $4,951 $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: NWM1744794

Northwest Multiple Listing Service (NWMLS)

APN: 721222-0280