NOT LISTED FOR SALE

721 SW 298th Place Federal Way, WA 98023

Buenna Neighborhood

Estimated Value: $667,000 - $739,509

4 Beds
3 Baths
2,260 Sq Ft
$313/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $245,000 $108 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $4,523/month

1 Day on Market

About This Home

As of July 2013

Location, Location, Location! Easy access to schools and shops with bonus SOUND VIEWS! Large 4 bedroom 2.75 bathroom with fully finished basement that is perfect for MIL unit or extra rental income.

Last Listed By

How-yo Chi

WP & Associates Realty Listed on: 07/08/2013

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM512987

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$6,693

Year Built

1978

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 2260
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1978

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplaces: 2
  • Basement: Daylight, Fully Finished
  • Features: Bath Off Master, Dining Room
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood
  • Water Heater Location: Electric

Exterior Features

  • Roof: Composition
  • Exterior: Wood
  • Foundation: Concrete Block, Poured Concrete
  • Lot Details: Cul-de-sac
  • Roof: Composition
  • Site Features: Cable TV, Deck, Natural Gas Available, High Speed Internet
  • View: Sound
  • Waterfront: Sound

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Water Source: Public

Schools

  • School District: FED
  • Elementary School: Adelaide Elem
  • Middle School: Lakota Mid Sch
  • High School: Federal Way Snr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2018
Sold by
2018 2 Ih Borrower Lp
Bought by
2018 2 Ih Borrower Lp
Total Days on Market
1
Current Estimated Value
$708,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,722,500
Outstanding Balance
$91,998,095
Interest Rate
4.4%
Mortgage Type
Loan Amount Between One & Nine Billion
Estimated Equity
-$91,280,136

Purchase Details

Closed on
Mar 26, 2015
Sold by
Ih2 Property Washington Lp
Bought by
2015-2 Ih2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,686,000
Interest Rate
3.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jul 8, 2013
Closed on
Jul 25, 2013
Sold by
Tilgner Karl W
Bought by
Ih2 Property Washington Lp
Seller's Agent
How-yo Chi
WP & Associates Realty
Buyer's Agent
Zachary Lazo
COMPASS
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
Dec 14, 2005
Sold by
Tilgner Eunice
Bought by
Tilgner Karl W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,500
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 4, 2002
Sold by
White Edward A
Bought by
Tilgner Karl W and Tilgner Eunice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6%

Range of Values:

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Average Value
Not Available
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
2018 2 Ih Borrower Lp -- Os National Llc
2015-2 Ih2 Borrower Lp -- Fidelity Natl Title Group
Ih2 Property Washington Lp $245,000 Fidelity Natio
Tilgner Karl W -- Pacific Nw Tit
Tilgner Karl W $210,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2018 2 Ih Borrower Lp $105,722,500
Closed 2018 2 Ih Borrower Lp $105,722,500
Previous Owner 2015-2 Ih2 Borrower Lp $636,686,000
Previous Owner 2015-2 Ih2 Borrower Lp $636,686,000
Previous Owner Tilgner Karl W $198,500
Previous Owner Tilgner Karl W $200,000
Previous Owner Tilgner Karl W $168,000
Closed Tilgner Karl W $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $245,000 0.0% $108 / Sq Ft
07/09/2013 07/09/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $245,000 -- $108 / 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 $6,693 $678,000 $262,000 $416,000
2023 $6,691 $613,000 $238,000 $375,000
2022 $5,921 $661,000 $243,000 $418,000
2021 $5,386 $524,000 $221,000 $303,000
2020 $5,150 $447,000 $203,000 $244,000
2018 $4,788 $368,000 $170,000 $198,000
2017 $4,295 $336,000 $159,000 $177,000
2016 $4,363 $301,000 $159,000 $142,000
2015 $3,988 $293,000 $148,000 $145,000
2014 -- $274,000 $138,000 $136,000
2013 -- $249,000 $132,000 $117,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2013

    How-yo Chi

    WP & Associates Realty

  • Zachary Lazo

    Buyer's Agent in 2013

    Zachary Lazo

    Avenue Properties

    (206) 250-8017

    90 Total Sales

    Zachary Lazo
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM512987

Northwest Multiple Listing Service (NWMLS)

APN: 201970-0040

Washington King County Federal Way 98023 Buenna

721 SW 298th Place, Federal Way, WA

Homes for Sale in Federal Way, WA

This home is located at 721 SW 298th Place, Federal Way, WA 98023 since 08 July 2013 and is currently estimated at $708,377, approximately $313 per square foot. This property was built in 1978. 721 SW 298th Place is a home located in King County with nearby schools including Adelaide Elementary School, Lakota Middle School, and Federal Way 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) 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. ©2025 NWMLS.

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