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3314 Southwest 323rd Street

3314 Southwest 323rd Street, Federal Way, WA 98023
Property in King
Sold Jul 28, 2016
$306,000
$300,457 by Evergreen Moneysource Mortgage
Mortgage Due Aug 01, 2046
Sold Jun 12, 2003
$215,000
$161,250 by Dba First Horizon Home Loans
Mortgage Due Jul 01, 2033
3314 Southwest 323rd Street in Federal Way, WA was first built in 1968 and is 56 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 3314 Southwest 323rd Street has 1,590 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 330 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 7,980 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. As for heating, the home is utilizing a forced air unit and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3314 Southwest 323rd Street sold most recently in Jul 19, 2016 for a total of $306,000. If you work out the math, that's approximately a cost of $150.74 per sqft. Before that, the property was also sold for $215,000 in Jun 5, 2003. 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 $4,934 in taxes each year. 3314 Southwest 323rd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $447,000. If we break it down further, the land itself was valued at $209,000. Improvements to the property, however, were assessed at a total of $238,000. 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: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 330
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,980
  • Total Building Area: 2,030
  • Gross Building Area: 2,030
  • Building Area: 1,590
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,590
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TWIN LAKES NO. 02
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TWIN LAKES # 2

Ownership

  • Current Owner : RABBAT MARCUS R
  • Previous Owner : LEE KUN IL
  • Previous Owner 2: LEE CHANG KYOUNG
  • Owner Before Previous Owner: LUKE GORDON H
  • Owner Before Previous Owner 2: LUKE PATRICIA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030311

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 873190082008
  • District: FEDERAL WAY
  • Parcel: 873190-0820
  • Lot: 82
  • Meridian: SEC 13 TWN 21 RNG 03
  • Municipality: FEDERAL WAY
  • Latitude: 47.3126
  • Longitude: -122.375

    Address

  • Full Address: 3314 Sw 323rd St
  • Address - House Number: 3314
  • Street Direction: SW
  • Address - Street Name: 323rd
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C062
  • 4-Digit Zip Code: 2525
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,934
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 543,289
  • High Value: 632,256
  • Low Value: 454,322

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $314,727
  • First Open Lien Mortgage Lender: EVERGREEN MONEYSOURCE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 28, 2016
  • First Open Lien Mortgage Loan Amount: $300,457
  • 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: Aug 01, 2046
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Nov 23, 2022
  • Second Open Lien Mortgage Loan Amount: $14,270
  • Second Open Lien Mortgage Term: 284
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2046

    Market Valuation

  • Market Total Value: $447,000
  • Market Land Value: $209,000
  • Market Improvement Value: $238,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $447,000
  • Assessed Land Value: $209,000
  • Assessed Improvements Value: $238,000

    Sales

  • Current Sale Contract Date: Jul 19, 2016
  • Current Sale Recording Date: Jul 28, 2016
  • Current Sale Transaction ID: 1668111071
  • Current Sale Price: $306,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20160728001252
  • Previous Sale Recording Date: Jun 12, 2003
  • Previous Sale Contract Date: Jun 05, 2003
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERGREEN MONEYSOURCE MORTGAGE
  • First Mortgage Transaction Date: Jul 28, 2016
  • First Mortgage Loan Amount: $300,457
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: DBA FIRST HORIZON HOME LOANS
  • Previous Mortgage Transaction Date: Jun 12, 2003
  • Previous Mortgage Loan Amount: $161,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2033

About Federal Way



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 3314 Southwest 323rd Street located in?
The 3314 Southwest 323rd Street is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 3314 Southwest 323rd Street?
The average sales price for units in 3314 Southwest 323rd Street is $0 currently.

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