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4425 Southwest 323rd Street

4425 Southwest 323rd Street, Federal Way, WA 98023
Property in King
Sold Sep 28, 2006
$281,755
$175,000 by Cathay Bank
Mortgage Due Aug 01, 2028
Sold Apr 29, 2005
$278,500
$264,575 by Argent Mortgage Company Llc
Mortgage Due May 01, 2035
Local assessors in Federal Way, WA have categorized 4425 Southwest 323rd Street 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 6,670 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 4425 Southwest 323rd Street has a total of 2,300 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 880 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 450 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 average. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4425 Southwest 323rd Street was last sold in Sep 26, 2006 for $281,755. According to our calculations, that's $102.46 per sqft. Prior to that sales transaction, the property was sold for $278,500 in Apr 22, 2005. Current property owners are expected to pay $5,400 in taxes per year. The property on 4425 Southwest 323rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $491,000. To break that down further, the land itself was valued at $195,000. While improvements to the property were assessed at a total of $296,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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: Average
  • Building Quality: B
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 880
  • Garage Type: Attached
  • Garage Square Area: 450
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,670
  • Total Building Area: 2,750
  • Gross Building Area: 2,750
  • Building Area: 2,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,300
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TWIN LAKES NO. 08
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TWIN LAKES #8

Ownership

  • Current Owner : KANG MARY
  • Current Owner 2: KANG JENNIFER
  • Previous Owner : TRUONG JOHN Q
  • Owner Before Previous Owner: NIXON SEAN
  • Owner Before Previous Owner 2: NIXON BRENDA
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030306

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 873202051009
  • District: FEDERAL WAY
  • Parcel: 873202-0510
  • Lot: 51
  • Meridian: SEC 14 TWN 21 RNG 03
  • Municipality: FEDERAL WAY
  • Latitude: 47.3122
  • Longitude: -122.391

    Address

  • Full Address: 4425 Sw 323rd St
  • Address - House Number: 4425
  • Street Direction: SW
  • Address - Street Name: 323rd
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C051
  • 4-Digit Zip Code: 2422
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,400
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 652,181
  • High Value: 789,794
  • Low Value: 514,567

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Jul 24, 2013
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2028

    Market Valuation

  • Market Total Value: $491,000
  • Market Land Value: $195,000
  • Market Improvement Value: $296,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,000
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $296,000

    Sales

  • Current Sale Contract Date: Sep 26, 2006
  • Current Sale Recording Date: Sep 28, 2006
  • Current Sale Transaction ID: 1021163114
  • Current Sale Price: $281,755
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 20060928001088
  • Previous Sale Recording Date: Apr 29, 2005
  • Previous Sale Contract Date: Apr 22, 2005
  • Previous Sale Amount: $278,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ARGENT MORTGAGE COMPANY LLC
  • Previous Mortgage Transaction Date: Apr 29, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $264,575
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Federal Way



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Frequently Asked Questions

What neighborhood is 4425 Southwest 323rd Street located in?
The 4425 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 4425 Southwest 323rd Street?
The average sales price for units in 4425 Southwest 323rd Street is $0 currently.

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