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36815 2nd Place Southwest

36815 2nd Place Southwest, Federal Way, WA 98023
Property in King
Sold Jun 25, 1998
$134,000
$271,500 by Rocket Mortgage Llc
Mortgage Due Dec 01, 2051
Sold May 18, 1993
$113,000
Local assessors in Federal Way, WA have categorized 36815 2nd Place 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 9,000 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, 3 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 is one full bathroom. There are also 2 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 36815 2nd Place Southwest has a total of 1,580 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 570 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. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 440 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 a unknown so you'll have a great option in the 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 - C. The home's electric heaters 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, 36815 2nd Place Southwest sold most recently in Jun 22, 1998 for a total of $134,000. If you work out the math, that's approximately a cost of $65.05 per sqft. Before that, the property was also sold for $113,000 in May 18, 1993. 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 $4,955 in taxes each year. 36815 2nd Place Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $449,000. If we break it down further, the land itself was valued at $117,000. Improvements to the property, however, were assessed at a total of $332,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 570
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 1,580
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 1,580
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EAST TACOMA ADD
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EAST TACOMA ADD LESS C & M RGTS

Ownership

  • Current Owner : SCOTT WILLIAM B
  • Current Owner 2: SCOTT SANDRA A
  • Previous Owner : CHANEY MATTHEW R
  • Previous Owner 2: CHANEY DEBORAH S
  • Owner Before Previous Owner: BRIMHALL TRACY KEITH
  • Owner Before Previous Owner 2: BRIMHALL SHARON

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030304

Zoning

  • Zoning: RS15.0

Geography

  • Account Number: 218820086005
  • District: FEDERAL WAY
  • Parcel: 218820-0860
  • Block: 7
  • Lot: 5-7
  • Meridian: SEC 31 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.2713
  • Longitude: -122.338

    Address

  • Full Address: 36815 2nd Pl Sw
  • Address - House Number: 36815
  • Street Segment Direction: SW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Pl
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C077
  • 4-Digit Zip Code: 7307
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,955
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 543,616
  • High Value: 635,140
  • Low Value: 452,092

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $391,500
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 19, 2021
  • First Open Lien Mortgage Loan Amount: $271,500
  • 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: Dec 01, 2051
  • Second Open Lien Mortgage Lender: BOEING EMPLOYEES CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 07, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $120,000
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 26, 2048

    Market Valuation

  • Market Total Value: $449,000
  • Market Land Value: $117,000
  • Market Improvement Value: $332,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,000
  • Assessed Land Value: $117,000
  • Assessed Improvements Value: $332,000

    Sales

  • Current Sale Contract Date: Jun 22, 1998
  • Current Sale Recording Date: Jun 25, 1998
  • Current Sale Transaction ID: 1031538227
  • Current Sale Price: $134,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9806252279
  • Previous Sale Recording Date: May 18, 1993
  • Previous Sale Contract Date: May 18, 1993
  • Previous Sale Amount: $113,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMERALD MTG CO
  • First Mortgage Transaction Date: Jun 25, 1998
  • First Mortgage Loan Amount: $132,570
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2028

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Federal Way



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Frequently Asked Questions

What neighborhood is 36815 2nd Place Southwest located in?
The 36815 2nd Place Southwest is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 36815 2nd Place Southwest?
The average sales price for units in 36815 2nd Place Southwest is $0 currently.

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