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32232 2nd Avenue Southwest

32232 2nd Avenue Southwest, Federal Way, WA 98023
Property in King
Sold Mar 08, 2021
$606,000
$515,100 by Us Bank Na
Mortgage Due Apr 01, 2051
Sold Jun 30, 2000
$174,000
$139,200 by Accubanc Mtg Corp
Mortgage Due Jul 01, 2030
Local assessors in Federal Way, WA have categorized 32232 2nd Avenue Southwest as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 7,700 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 32232 2nd Avenue Southwest has a total of 2,040 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement with daylight that is 770 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 32232 2nd Avenue Southwest sold most recently in Mar 5, 2021 for a total of $606,000. If you work out the math, that's approximately a cost of $225.28 per sqft. Before that, the property was also sold for $174,000 in Jun 29, 2000. 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 $5,992 in taxes each year. 32232 2nd Avenue Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $547,000. If we break it down further, the land itself was valued at $139,000. Improvements to the property, however, were assessed at a total of $408,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 770
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 2,690
  • Gross Building Area: 2,690
  • Building Area: 2,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,040
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WEST CAMPUS DIV NO. 01
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEST CAMPUS DIV 1

Ownership

  • Current Owner : JONES MATTHEW
  • Current Owner 2: JONES RACHEL
  • Previous Owner : RYAN WILLIAM A
  • Previous Owner 2: RYAN DEBORAH L
  • Owner Before Previous Owner: CHUNG CHONG C
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030309

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 926490011000
  • District: FEDERAL WAY
  • Parcel: 926490-0110
  • Lot: 11
  • Meridian: SEC 18 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3123
  • Longitude: -122.337

    Address

  • Full Address: 32232 2nd Ave Sw
  • Address - House Number: 32232
  • Street Segment Direction: SW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C079
  • 4-Digit Zip Code: 5603
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,992
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 628,397
  • High Value: 720,902
  • Low Value: 535,891

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $515,100
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Mar 08, 2021
  • First Open Lien Mortgage Loan Amount: $515,100
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $547,000
  • Market Land Value: $139,000
  • Market Improvement Value: $408,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $547,000
  • Assessed Land Value: $139,000
  • Assessed Improvements Value: $408,000

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 08, 2021
  • Current Sale Transaction ID: 11823962479
  • Current Sale Price: $606,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210308002825
  • Previous Sale Recording Date: Jun 30, 2000
  • Previous Sale Contract Date: Jun 29, 2000
  • Previous Sale Amount: $174,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Mar 08, 2021
  • First Mortgage Loan Amount: $515,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ACCUBANC MTG CORP
  • Previous Mortgage Transaction Date: Jun 30, 2000
  • Previous Mortgage Loan Amount: $139,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jul 01, 2030

About Federal Way



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Nearby Rentals

Unit for rent at 31020 9th Avenue S, Federal Way, WA, 98003

$2,950 /mo

  • 3 Beds
  • 3 Baths
31020 9th Avenue S, Federal Way, WA, 98003 Listing by Terry Vo

Frequently Asked Questions

What neighborhood is 32232 2nd Avenue Southwest located in?
The 32232 2nd Avenue Southwest is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 32232 2nd Avenue Southwest?
The average sales price for units in 32232 2nd Avenue Southwest is $0 currently.

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