Listed by Best Choice Network LLC
NOT LISTED FOR SALE

Estimated Value: $545,363 - $601,000

4 Beds
2 Baths
1,800 Sq Ft
$320/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2016

Last sale price $252,000 $140 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $3,536 / mo

34 Days on Market

Highlights

  • 1-Story Property
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of May 2016

Location! Location! Well maintained Duplex. Each unit includes 900 SqFt, 2beds, 1bath unit with a Fireplace, washer & dryer, and refrigerator. This is a great rental property including the investment value. There is potential in this property as the Federal Way Performing Arts and Event Center Project could break ground as late as 2015, with construction completing in 2017 near this property area. Within walking distance to the Transit Center. Monthly rent income is $1,800.

Last Agent to Sell the Property

Sun Kim

Best Choice Network LLC License #91215 Listed on: 11/24/2015

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 872810

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1967

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7853600060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,307

Year Built

Built in 1967

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1967
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1800
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Main Level Bedrooms: 4
  • BathsFullMain: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BedroomsLower: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Post & Block
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 7853600060
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3307

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Zheng Lin and Knapp Barry Vernon
Bought by
Myung Thomas and Han Sun H
Current Estimated Value
$576,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$340,254
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$236,534

Purchase Details

Closed on
Feb 23, 2016
Sold by
Choe Phillip and Choe Jennifer
Bought by
Zheng Lin and Knapp Barry Vernon Wilkinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2006
Sold by
Monroe Thomas C and Monroe Martine
Bought by
Choe Phillip and Choe Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2005
Sold by
Lawrence Robert J
Bought by
Monroe Thomas C and Monroe Martine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2002
Sold by
Diaz Ruben and Diaz Erica
Bought by
Lawrence Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,028
Interest Rate
6.71%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2001
Sold by
Nack Steven Dale
Bought by
Diaz Ruben and Diaz Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,350
Interest Rate
7.21%

Purchase Details

Closed on
Apr 11, 2000
Sold by
Leland Norman C
Bought by
Nack Steven Dale

Purchase Details

Closed on
Jun 3, 1999
Sold by
Nack Judith B and Leland Norman C
Bought by
Nack Judith B and Leland Norman C

Purchase Details

Closed on
Jun 2, 1998
Sold by
Huebner Judith B Nack and Nack Judith B
Bought by
City Of Federal Way
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
Myung Thomas $500,000 Modus
Zheng Lin $252,000 First American
Choe Phillip $311,000 Stewart Title
Monroe Thomas C $230,000 Commonwealth L
Lawrence Robert J $195,000 Old Republic Title Ltd
Diaz Ruben -- Stewart Title
Nack Steven Dale -- --
Nack Judith B -- --
City Of Federal Way -- Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myung Thomas $375,000
Previous Owner Zheng Lin $189,000
Previous Owner Choe Phillip $248,800
Previous Owner Monroe Thomas C $172,500
Previous Owner Lawrence Robert J $188,028
Previous Owner Diaz Ruben $164,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2016 05/04/16 Sold $252,000 -3.0% $140 / Sq Ft
12/29/2015 12/29/15 Pending -- -- --
12/28/2015 12/28/15 Price Changed $259,900 0.0% $144 / Sq Ft
12/28/2015 12/28/15 For Sale $259,900 -3.6% $144 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
12/03/2015 12/03/15 Price Changed $269,500 -3.8% $150 / Sq Ft
11/24/2015 11/24/15 For Sale $280,000 -- $156 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $5,154 $514,000 $125,000 $389,000
2023 $4,924 $468,000 $114,000 $354,000
2022 $4,363 $498,000 $119,000 $379,000
2021 $3,982 $382,000 $109,000 $273,000
2020 $3,774 $327,000 $94,000 $233,000
2018 $3,840 $298,000 $76,000 $222,000
2017 $3,543 $268,000 $76,000 $192,000
2016 $3,840 $247,000 $73,000 $174,000
2015 $3,307 $257,000 $77,000 $180,000
2014 -- $226,000 $72,000 $154,000
2013 -- $191,000 $72,000 $119,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 872810

Northwest Multiple Listing Service (NWMLS)

APN: 785360-0060

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