Listed by Pilot Ventures LLC, Bought with Pendergraft & Associates
NOT LISTED FOR SALE

Estimated Value: $767,000 - $1,014,000

4.18 Acres
$222,867 Price per Acre
182,081 Sq Ft Lot

Last Sold August 22, 2017

Last sale price $405,000 $185 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $4,983/month

159 Days on Market

Highlights

  • Mountain View
  • Lot Has A Rolling Slope
  • Senior Tax Exemptions

About This Lot

As of August 2017

Seven large lots with FINAL ENGINEERING in wooded setting in Federal Way. Approved lot sizes range from 18,000 to 21,000 sf. This is a shovel ready project! Some lots will have Mt Rainier views after tree clearing. No wetland or stream issues. Slight slope on three lots will accommodate basement floor plans and large yards. Local area about to undergo significant change: low-pressure sewer to be completed in June (apprx). Two independent bids put site development cost @ $70k/lot.

Last Agent to Sell the Property

Steve McWilliams

Pilot Ventures LLC License #10570 Listed on: 03/01/2017

Co-Listed By

Nik Rebhuhn

Windermere Real Estate/East License #23887

Last Buyer's Agent

Ty Pendergraft

Pendergraft & Associates License #25389

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1084572

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,456

Lot Details

  • 4.18 Acre Lot
  • Lot Has A Rolling Slope
  • Zoning described as RS15.0

Property Views

  • Mountain Views

Schools

  • Illahee Jnr High Middle School

Utilities

  • Septic Design Applied
  • Sewer Not Available

Community Details

  • S Federal Way Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Assessor Parcel Number 3021049069

Property Details

Property Type

Land

Est. Annual Taxes

$2,456

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: true
  • PropertyFeatures: Brush,Lightly Treed
  • Restrictions: NO Manufactured Homes
  • Improvements: Dwelling
  • Survey: Final Engineering Apprd
  • Special Features: None
  • Cumulative Days on Market: 1,464

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Mountain(s)
  • Lot Features: Paved
  • Road Surface Type: Gravel
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Gravel
  • RoadOnWhichSide: North
  • WaterJurisdiction: Lakehaven
  • Easements: Easement on eastern edge

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Not Available
  • Water Source: On Property
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected, Septic Design Applied
  • ElectricityStatus: On Property
  • GasStatus: On Property
  • SepticDesignApplied: true
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way
  • Middle Or Junior School: Illahee Jnr High

Lot Info

  • Parcel Number: 3021049069
  • Topography: Rolling
  • Lot Size Acres: 4.18
  • Lot Size: 182080
  • Lot Size Sq Ft: 182080
  • Zoning Description: RS15.0
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCAR
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • SoilFeasibilityTest: false
  • PublicLandSurvey: 302104
  • SlopeComment: East, some Mt Rainier views

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2012
  • Tax Annual Amount: 2456

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2023
Sold by
Veristone Homes 4 Llc
Bought by
Ichijo Usa Co Ltd
Current Estimated Value
$829,571

Purchase Details

Listed on
Mar 1, 2017
Closed on
Aug 18, 2017
Sold by
Montevista Partners Llc
Bought by
Veristone Homes Llc
Seller's Agent
Steve McWilliams
Pilot Ventures LLC
Buyer's Agent
Ty Pendergraft
Pendergraft & Associates
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$305,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2007
Sold by
Hedges Mary Kay and Barry Mary Kay
Bought by
Hedges David Thomas

Purchase Details

Closed on
Nov 30, 2007
Sold by
Hedges David Thomas
Bought by
Montevista Partners Llc

Purchase Details

Closed on
Jul 2, 2002
Sold by
Hedges Mary Kay
Bought by
Hedges David Thomas
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
Ichijo Usa Co Ltd $3,075,000 First American Title Insurance
Veristone Homes Llc $405,000 First American Title Ins Co
Hedges David Thomas -- Stewart Title
Montevista Partners Llc $522,000 Stewart Title
Hedges David Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Veristone Homes Llc $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2017 08/22/17 Sold $405,000 -4.7% $185 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $425,000 -- $194 / 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 $5,290 $514,000 $170,000 $344,000
2023 $1,559 $128,000 $128,000 $0
2022 $3,146 $310,000 $310,000 $0
2021 $2,615 $271,000 $271,000 $0
2020 $2,563 $210,000 $209,000 $1,000
2018 $2,768 $210,000 $209,000 $1,000
2017 $2,527 $191,000 $190,000 $1,000
2016 $2,516 $174,000 $173,000 $1,000
2015 $2,456 $166,000 $165,000 $1,000
2014 -- $166,000 $165,000 $1,000
2013 -- $148,100 $148,000 $100
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1084572

Northwest Multiple Listing Service (NWMLS)

APN: 302104-9069