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523 Southwest 324th Street

523 Southwest 324th Street, Federal Way, WA 98023
Property in King
Sold Apr 14, 2021
$565,000
$536,750 by Quicken Loans Llc
Mortgage Due May 01, 2051
Sold Jul 20, 2016
$335,000
$328,932 by American Pacific Mortgage
Mortgage Due Aug 01, 2046
523 Southwest 324th Street has been categorized by the local assessors in Federal Way, WA as a residential type of property. The building on the property was first built in 1979 and is 45 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 523 Southwest 324th Street has 1,790 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 460 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 7,485 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 560 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 523 Southwest 324th Street sold most recently in Apr 13, 2021 for a total of $565,000. If you work out the math, that's approximately a cost of $240.43 per sqft. Before that, the property was also sold for $335,000 in Jul 13, 2016. 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 $5,844 in taxes each year. 523 Southwest 324th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $533,000. 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 $394,000. 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: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 460
  • Garage Type: Attached
  • Garage Square Area: 560
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,485
  • Total Building Area: 2,350
  • Gross Building Area: 2,350
  • Building Area: 1,790
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,790
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WEST CAMPUS DIV NO. 01
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEST CAMPUS DIV 1

Ownership

  • Current Owner : NGUYEN KHUONG D
  • Current Owner 2: DINH LAM T
  • Previous Owner : MASON WHITNEY L
  • Previous Owner 2: RAMZAN RAZIMA J
  • Owner Before Previous Owner: SCOTT ROMAN L
  • Owner Before Previous Owner 2: SCOTT KACEY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RS7.2

Geography

  • Account Number: 926490088008
  • District: FEDERAL WAY
  • Parcel: 926490-0880
  • Lot: 88
  • Meridian: SEC 18 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3119
  • Longitude: -122.34

    Address

  • Full Address: 523 Sw 324th St
  • Address - House Number: 523
  • Street Direction: SW
  • Address - Street Name: 324th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C079
  • 4-Digit Zip Code: 5635
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,844
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 620,748
  • High Value: 722,400
  • Low Value: 519,097

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $536,750
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Apr 14, 2021
  • First Open Lien Mortgage Loan Amount: $536,750
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $533,000
  • Market Land Value: $139,000
  • Market Improvement Value: $394,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $533,000
  • Assessed Land Value: $139,000
  • Assessed Improvements Value: $394,000

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Transaction ID: 11830688435
  • Current Sale Price: $565,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210414001795
  • Previous Sale Recording Date: Jul 20, 2016
  • Previous Sale Contract Date: Jul 13, 2016
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Apr 14, 2021
  • First Mortgage Loan Amount: $536,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN PACIFIC MORTGAGE
  • Previous Mortgage Transaction Date: Jul 20, 2016
  • Previous Mortgage Loan Amount: $328,932
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2046

About Federal Way



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Frequently Asked Questions

What neighborhood is 523 Southwest 324th Street located in?
The 523 Southwest 324th Street is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 523 Southwest 324th Street?
The average sales price for units in 523 Southwest 324th Street is $0 currently.

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