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1507 Southwest 325th Place

1507 Southwest 325th Place, Federal Way, WA 98023
House in King
Sold Dec 16, 2021
$583,000
$524,700 by American Pacific Mortgage Corp
Mortgage Due Jan 01, 2052
Sold May 05, 2020
$437,500
$447,562 by Mortgage Research Center Llc
Mortgage Due Jun 01, 2050
1507 Southwest 325th Place has been categorized by the local assessors in Federal Way, WA as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1507 Southwest 325th Place has 1,750 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 7,210 square feet.

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 attached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1507 Southwest 325th Place was last sold in Dec 15, 2021 for $583,000. According to our calculations, that's $266.21 per sqft. Prior to that sales transaction, the property was sold for $437,500 in Apr 30, 2020. Current property owners are expected to pay $5,717 in taxes per year. The property on 1507 Southwest 325th Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $521,000. To break that down further, the land itself was valued at $129,000. While improvements to the property were assessed at a total of $392,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,210
  • Total Building Area: 2,190
  • Gross Building Area: 2,190
  • Building Area: 1,750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 1,750
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ALDERBROOK DIV NO. 03
  • Land Acres: 0.166
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ALDERBROOK DIV NO 03

Ownership

  • Current Owner : BABAYAN NATASHA
  • Previous Owner : LEE CHAEYEON
  • Previous Owner 2: LEE JONATHAN D
  • Owner Before Previous Owner: PEREZ MILDRED V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030308

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 010452009003
  • District: FEDERAL WAY
  • Parcel: 010452-0090
  • Lot: 9
  • Meridian: SEC 18 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3096
  • Longitude: -122.354

    Address

  • Full Address: 1507 Sw 325th Pl
  • Address - House Number: 1507
  • Street Direction: SW
  • Address - Street Name: 325th
  • Address - Suffix Type: Pl
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C067
  • 4-Digit Zip Code: 5418
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,717
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 594,865
  • High Value: 690,150
  • Low Value: 499,580

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $524,700
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 16, 2021
  • First Open Lien Mortgage Loan Amount: $524,700
  • 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, 2052

    Market Valuation

  • Market Total Value: $521,000
  • Market Land Value: $129,000
  • Market Improvement Value: $392,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $521,000
  • Assessed Land Value: $129,000
  • Assessed Improvements Value: $392,000

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Transaction ID: 11874984803
  • Current Sale Price: $583,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211216001724
  • Previous Sale Recording Date: May 05, 2020
  • Previous Sale Contract Date: Apr 30, 2020
  • Previous Sale Amount: $437,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 16, 2021
  • First Mortgage Loan Amount: $524,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Previous Mortgage Transaction Date: May 05, 2020
  • Previous Mortgage Loan Amount: $447,562
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jun 01, 2050

About Federal Way



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Frequently Asked Questions

What neighborhood is 1507 Southwest 325th Place located in?
The 1507 Southwest 325th Place is a house located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 1507 Southwest 325th Place?
The average sales price for units in 1507 Southwest 325th Place is $0 currently.

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