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18520 Southeast 263rd Street

18520 Southeast 263rd Street, Kent, WA 98042
Property in King
Sold Aug 08, 2023
$570,000
$456,000 by Guild Mortgage Company Llc
Mortgage Due Sep 01, 2053
Sold Apr 02, 1999
$155,000
$152,981 by Shelter Mtg
Mortgage Due May 01, 2029
18520 Southeast 263rd Street has been categorized by the local assessors in Kent, WA as a residential type of property. The building on the property was first built in 1977 and is 47 years old. The home has a total of 4 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 18520 Southeast 263rd Street has 1,710 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 680 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 5,200 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 400 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 average. 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 forced air unit 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, 18520 Southeast 263rd Street was last sold in Aug 2, 2023 for $570,000. According to our calculations, that's $270.14 per sqft. Prior to that sales transaction, the property was sold for $155,000 in Mar 30, 1999. Current property owners are expected to pay $4,788 in taxes per year. The property on 18520 Southeast 263rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $434,000. To break that down further, the land itself was valued at $212,000. While improvements to the property were assessed at a total of $222,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 680
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,200
  • Total Building Area: 2,110
  • Gross Building Area: 2,110
  • Building Area: 1,710
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,710
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TIMBERLANE ESTATES DIV NO. 05
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TIMBERLANE ESTATES DIV # 5

Ownership

  • Current Owner : RANKIN DANIEL
  • Current Owner 2: RANKIN JAMIE
  • Previous Owner : BURDICK TERESA C
  • Owner Before Previous Owner: RATHBURN LILLARD DALE
  • Owner Before Previous Owner 2: RATHBURN TEENA R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Kent School District
  • Census Tract: 032005

Zoning

  • Zoning: R8

Geography

  • Account Number: 865144095003
  • District: COVINGTON
  • Parcel: 865144-0950
  • Lot: 95
  • Meridian: SEC 30 TWN 22 RNG 06
  • Municipality: COVINGTON
  • Latitude: 47.3669
  • Longitude: -122.094

    Address

  • Full Address: 18520 Se 263rd St
  • Address - House Number: 18520
  • Street Direction: SE
  • Address - Street Name: 263rd
  • Address - Suffix Type: St
  • State: WA
  • City Name: Covington
  • Carrier Code: C033
  • 4-Digit Zip Code: 8438
  • Zip Code: 98042

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,788
  • Tax Rate Code Area: 1064

    Appraisal Valuation

  • Standard Deviation: 0.1636
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 550,692
  • High Value: 640,811
  • Low Value: 460,573

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $456,000
  • First Open Lien Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: Aug 08, 2023
  • First Open Lien Mortgage Loan Amount: $456,000
  • 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: Sep 01, 2053

    Market Valuation

  • Market Total Value: $434,000
  • Market Land Value: $212,000
  • Market Improvement Value: $222,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,000
  • Assessed Land Value: $212,000
  • Assessed Improvements Value: $222,000

    Sales

  • Current Sale Contract Date: Aug 02, 2023
  • Current Sale Recording Date: Aug 08, 2023
  • Current Sale Transaction ID: 11910751282
  • Current Sale Price: $570,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 936
  • Previous Sale Recording Date: Apr 02, 1999
  • Previous Sale Contract Date: Mar 30, 1999
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: Aug 08, 2023
  • First Mortgage Loan Amount: $456,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: SHELTER MTG
  • Previous Mortgage Transaction Date: Apr 02, 1999
  • Previous Mortgage Loan Amount: $152,981
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2029

About Covington



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Frequently Asked Questions

What neighborhood is 18520 Southeast 263rd Street located in?
The 18520 Southeast 263rd Street is a located in the neighborhood of King in Covington, Kent.
What is the average sales price for listings in 18520 Southeast 263rd Street?
The average sales price for units in 18520 Southeast 263rd Street is $0 currently.

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