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302 South 328th Lane

302 South 328th Lane, Federal Way, WA 98003
Property in King
Sold Dec 21, 2020
$341,500
$335,314 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2051
Sold May 30, 2014
$186,950
$186,950 by Navy Fcu
Mortgage Due Jun 01, 2044
302 South 328th Lane 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 1986 and is 38 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 302 South 328th Lane has 1,390 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 1,302 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 260 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. 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 electric heaters 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. 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, 302 South 328th Lane sold most recently in Dec 16, 2020 for a total of $341,500. If you work out the math, that's approximately a cost of $206.97 per sqft. Before that, the property was also sold for $186,950 in May 28, 2014. 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 $4,119 in taxes each year. 302 South 328th Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $370,000. If we break it down further, the land itself was valued at $87,000. Improvements to the property, however, were assessed at a total of $283,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 260
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,302
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,390
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 1,390
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WEST HIGHLANDS DIV NO. 02
  • Land Acres: 0.03
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEST HIGHLANDS DIV NO 02

Ownership

  • Current Owner : BREFO NANA
  • Current Owner 2: SHIVERS SYLVIA
  • Previous Owner : MIRALLES MICHAEL L
  • Owner Before Previous Owner: LENCER CORRINE KAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030314

Zoning

  • Zoning: RM1800

Geography

  • Account Number: 926871022006
  • District: FEDERAL WAY
  • Parcel: 926871-0220
  • Lot: 54
  • Meridian: SEC 17 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3089
  • Longitude: -122.33

    Address

  • Full Address: 302 S 328th Ln
  • Address - House Number: 302
  • Street Direction: S
  • Address - Street Name: 328th
  • Address - Suffix Type: Ln
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C041
  • 4-Digit Zip Code: 7309
  • Zip Code: 98003

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,119
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 438,356
  • High Value: 511,882
  • Low Value: 364,831

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $348,726
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Dec 21, 2020
  • First Open Lien Mortgage Loan Amount: $335,314
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Second Open Lien Mortgage Lender: WASHINGTON STATE HOUSING FIN C
  • Second Open Lien Mortgage Recording Date: Dec 21, 2020
  • Second Open Lien Mortgage Loan Amount: $13,412
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $87,000
  • Market Improvement Value: $283,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,000
  • Assessed Land Value: $87,000
  • Assessed Improvements Value: $283,000

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Dec 21, 2020
  • Current Sale Transaction ID: 11808258863
  • Current Sale Price: $341,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201221004051
  • Previous Sale Recording Date: May 30, 2014
  • Previous Sale Contract Date: May 28, 2014
  • Previous Sale Amount: $186,950
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Dec 21, 2020
  • First Mortgage Loan Amount: $335,314
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FCU
  • Previous Mortgage Transaction Date: May 30, 2014
  • Previous Mortgage Loan Amount: $186,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jun 01, 2044

About Federal Way



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Frequently Asked Questions

What neighborhood is 302 South 328th Lane located in?
The 302 South 328th Lane is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 302 South 328th Lane?
The average sales price for units in 302 South 328th Lane is $0 currently.

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