Check Availability

542 Southwest 298th Street

542 Southwest 298th Street, Federal Way, WA 98023
Property in King
Sold Aug 31, 2005
$385,000
$228,428 by Better Mortgage Corporation
Mortgage Due Feb 01, 2036
Sold Oct 10, 1986
$124,000
542 Southwest 298th Street in Federal Way, WA was first built in 1967 and is 57 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, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 3 partial bathrooms. 542 Southwest 298th Street has 2,630 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 1,170 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 9,963 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 carport. 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 C. The condition of the building has been evaluated as unknown. 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. 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, 542 Southwest 298th Street was last sold in Aug 24, 2005 for $385,000. According to our calculations, that's $146.39 per sqft. Prior to that sales transaction, the property was sold for $124,000 in Oct 10, 1986. Current property owners are expected to pay $7,697 in taxes per year. The property on 542 Southwest 298th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $708,000. To break that down further, the land itself was valued at $238,000. While improvements to the property were assessed at a total of $470,000. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 1,170
  • Garage Type: Carport
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,963
  • Total Building Area: 2,630
  • Gross Building Area: 2,630
  • Building Area: 2,630
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,630
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EMMETTS ROY H BUENNA VISTA NO 03
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EMMETTS ROY H BUENNA VISTA # 3

Ownership

  • Current Owner : HYUN SOON OK
  • Previous Owner : NEARY JOHN MICHAEL
  • Previous Owner 2: NEARY SANDRA A
  • Owner Before Previous Owner: GILMORE KARIN F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030101

Zoning

  • Zoning: RS9.6

Geography

  • Account Number: 233700003004
  • District: FEDERAL WAY
  • Parcel: 233700-0030
  • Lot: 3
  • Meridian: SEC 06 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3355
  • Longitude: -122.344

    Address

  • Full Address: 542 Sw 298th St
  • Address - House Number: 542
  • Street Direction: SW
  • Address - Street Name: 298th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C071
  • 4-Digit Zip Code: 3554
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,697
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.158
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 832,142
  • High Value: 963,680
  • Low Value: 700,605

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $228,428
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Apr 15, 2021
  • First Open Lien Mortgage Loan Amount: $228,428
  • 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: Feb 01, 2036

    Market Valuation

  • Market Total Value: $708,000
  • Market Land Value: $238,000
  • Market Improvement Value: $470,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $708,000
  • Assessed Land Value: $238,000
  • Assessed Improvements Value: $470,000

    Sales

  • Current Sale Contract Date: Aug 24, 2005
  • Current Sale Recording Date: Aug 31, 2005
  • Current Sale Transaction ID: 1007059201
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20050831003644
  • Previous Sale Recording Date: Oct 10, 1986
  • Previous Sale Contract Date: Oct 10, 1986
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: Warranty Deed

About Federal Way



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 542 Southwest 298th Street located in?
The 542 Southwest 298th Street is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 542 Southwest 298th Street?
The average sales price for units in 542 Southwest 298th Street is $0 currently.

Quantcast