by RH Advisors

See Home Value
Federal Way 98003
31026 20th Avenue S
Listed by: Nancy L. Lee, Keller Williams Realty, 253-848-5304, Listing Courtesy of NWMLS
$500,000
House - Off Market

31026 20th Avenue S

Federal Way, WA 98003
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$2,107
Estimated Monthly
7.53%
Cap Rate

About This Property

INCREDIBLE OPPORTUNITY AT STEEL LAKE!! Calling all investors, contractors, flippers, and visionaries! This property has so much potential you won't know where to start. The 3/4+ Acre lot located in the charming Barkers Steel Lake neighborhood offers easy privacy on its tree-lined street AND the convenience of the Federal Way Commons shopping and Redondo Beach recreation! Currently, a 3 Bed, 1.5 Bath, 2750 sqft rambler comfortably sits back off the road with room to spare if you're into DADUs or looking to subdivide. You decide! Easy access to I5, Hwys 167 & 18, the current and future light rail, Dash Point State Park, and so much more! This location? This price? This lot size?! You found a once-in-a-lifetime deal! What are you waiting for?
Unit Size
-
Days on Market
13 days
Land Size
0.75 acres
Price per sqft
-
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1954
Last updated: 4 months ago (NWMLS #NWM2201717)

Price History

Date / Event Date Event Price
Mar 4, 2024 Sold to Properties Investments Llc ... $500,000
Sold to Properties Investments Llc ...
Feb 23, 2024 In contract -
In contract
Feb 20, 2024 Listed by Keller Williams Realty $325,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 32,482
  • Total Building Area: 2,750
  • Gross Building Area: 2,750
  • Building Area: 2,750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 2,750
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BARKERS STEEL LAKE TRS
  • Land Acres: 0.746
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BARKERS STEEL LAKE TRS UNREC VAL OF UNDEEDED STS & ALLEYS INCL IN ADJ LOT VAL LESS ALL C & M & THE RGT TO EXPLORE FOR & MINE THE SAME

Ownership

  • Current Owner : HALO PROPERTIES & INVESTMENTS LLC
  • Previous Owner : SPECIAL NEEDS TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030006

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 053700058505
  • District: FEDERAL WAY
  • Parcel: 053700-0585
  • Lot: 113
  • Meridian: SEC 09 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3234
  • Longitude: -122.308

    Address

  • Full Address: 31026 20th Ave S
  • Address - House Number: 31026
  • Street Segment Direction: S
  • Address - Street Name: 20th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C085
  • 4-Digit Zip Code: 4921
  • Zip Code: 98003

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,823
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.0744
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 95
  • Final Value: 337,928
  • High Value: 363,084
  • Low Value: 312,772

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $413,275
  • First Open Lien Mortgage Lender: EASTSIDE FUNDING LLC
  • First Open Lien Mortgage Recording Date: Mar 04, 2024
  • First Open Lien Mortgage Loan Amount: $413,275
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 04, 2054

    Market Valuation

  • Market Total Value: $531,000
  • Market Land Value: $204,000
  • Market Improvement Value: $327,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $531,000
  • Assessed Land Value: $204,000
  • Assessed Improvements Value: $327,000

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Transaction ID: 11921819651
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 475

    Last Sale Mortgage

  • First Mortgage Lender: EASTSIDE FUNDING LLC
  • First Mortgage Transaction Date: Mar 04, 2024
  • First Mortgage Loan Amount: $413,275
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$345,000 Jan 26, 2024
$345,000 Jan 26, 2024
-
House
3 Beds
2 Baths
-
$325,000 Jan 11, 2019
$325,000 Feb 1, 2019
$297/mo
Condo
3 Beds
3 Baths
-
$333,000 Feb 12, 2020
$333,000 Mar 23, 2020
$677/mo
Condo
3 Beds
2 Baths
-
$292,875 Oct 6, 2023
$292,875 Jan 31, 2024
$538/mo
Condo
2 Beds
2 Baths
-
$299,900 Oct 13, 2023
$299,900 Feb 29, 2024
$684/mo
Condo
2 Beds
2 Baths
-
$265,000 May 24, 2023
$265,000 Dec 29, 2023
$519/mo
Condo
2 Beds
2 Baths
-
$275,000 Dec 5, 2023
-
$515/mo
Condo
2 Beds
1 Bath
-
$270,000 Feb 8, 2024
-
$641/mo
Mobile / Manufactured
2 Beds
2 Baths
-
$275,000 Aug 3, 2023
-
-
Mobile / Manufactured
2 Beds
2 Baths
-
$275,000 Aug 3, 2023
-
-
Mobile / Manufactured
2 Beds
2 Baths
-
$275,000 Sep 21, 2023
-
$42/mo
Mobile / Manufactured
2 Beds
2 Baths
-
$269,000 Sep 7, 2023
-
-

About Federal Way


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Nearby Rentals

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Frequently Asked Questions

When was property at 31026 20th Avenue South built and last sold?
The property at 31026 20th Avenue South was built in 1954 and last sold on Mar 1, 2024 for $500,000.
How much is this home worth?
The estimated value of the home located at 31026 20th Avenue South is $328,250.
What are some comparable homes to 31026 20th Avenue South?
Homes that are comparable to 31026 20th Avenue South include a condo property at 29645 18th Avenue South, a mobile / manufactured property at 2101 South 324th Street, a house property at 2234 South 298th Street.

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