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11424 Farwest Drive Southwest

11424 Farwest Drive Southwest, Lakewood, WA 98498
Property in Central Lakes
Sold Jan 04, 2021
$266,000
$252,700 by Mortgage Solutions Of Colorado
Mortgage Due Jan 01, 2051
Sold Oct 25, 2017
$129,719
$129,500 by Robert D Sims
Mortgage
11424 Farwest Drive Southwest has been categorized by the local assessors in Lakewood, WA as a residential type of property. The building on the property was first built in 1975 and is 49 years old. However, we must point out that the home was most recently renovated and altered in 1981. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 11424 Farwest Drive Southwest has 1,138 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,942 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 320 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with electricity. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 11424 Farwest Drive Southwest sold most recently in Dec 7, 2020 for a total of $266,000. If you work out the math, that's approximately a cost of $233.74 per sqft. Before that, the property was also sold for $129,719 in Oct 16, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,496 in taxes each year. 11424 Farwest Drive Southwest was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $351,500. If we break it down further, the land itself was valued at $201,000. Improvements to the property, however, were assessed at a total of $150,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,942
  • Total Building Area: 1,138
  • Gross Building Area: 1,138
  • Building Area: 1,138
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 1,138
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PIERCE COUNTY SHORT PLAT
  • Land Acres: 0.205
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 08 TOWNSHIP 19 RANGE 02 QUARTER 12 L 1 OF S P 2017-07-12-5002 EASE OF RECORD OUT OF 02-19-08-1-023 SEG 2018-0098 BB 8/3/17 BB

Ownership

  • Current Owner : KAUFFMAN JESSICA
  • Current Owner 2: KAUFFMAN JEREMY R
  • Previous Owner : SUNDSMO DANICA D
  • Owner Before Previous Owner: SIMS ROBERT D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Clover Park School District
  • Census Tract: 072112

Geography

  • Parcel: 021908-5-021
  • Lot: 1
  • Meridian: SEC 08 TWN 19 RNG 02
  • Municipality: LAKEWOOD
  • Latitude: 47.1536
  • Longitude: -122.574

    Address

  • Full Address: 11424 Farwest Dr Sw
  • Address - House Number: 11424
  • Street Segment Direction: SW
  • Address - Street Name: Farwest
  • Address - Suffix Type: Dr
  • State: WA
  • City Name: Lakewood
  • Carrier Code: C008
  • 4-Digit Zip Code: 1638
  • Zip Code: 98498

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,496
  • Tax Rate Code Area: 760

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 81
  • Final Value: 381,707
  • High Value: 440,769
  • Low Value: 322,646

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $252,700
  • First Open Lien Mortgage Lender: MORTGAGE SOLUTIONS OF COLORADO
  • First Open Lien Mortgage Recording Date: Jan 04, 2021
  • First Open Lien Mortgage Loan Amount: $252,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $351,500
  • Market Land Value: $201,000
  • Market Improvement Value: $150,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $351,500
  • Assessed Land Value: $201,000
  • Assessed Improvements Value: $150,500

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Transaction ID: 11811989491
  • Current Sale Price: $266,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202101040957
  • Previous Sale Recording Date: Oct 25, 2017
  • Previous Sale Contract Date: Oct 16, 2017
  • Previous Sale Amount: $129,719
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ROBERT D SIMS
  • Previous Mortgage Transaction Date: Oct 25, 2017
  • Previous Mortgage Loan Amount: $129,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Central Lakes



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Frequently Asked Questions

What neighborhood is 11424 Farwest Drive Southwest located in?
The 11424 Farwest Drive Southwest is a located in the neighborhood of Central Lakes in Central Lakes, Lakewood.
What is the average sales price for listings in 11424 Farwest Drive Southwest?
The average sales price for units in 11424 Farwest Drive Southwest is $0 currently.

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