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1740 South 305th Place

1740 South 305th Place, Federal Way, WA 98003
Property in King
Sold Aug 22, 2016
$429,350
$277,500 by Universal American Mortgage Co
Mortgage Due Sep 01, 2046
Sold Mar 23, 2005
$340,000
$272,000 by Lehman Brothers Bank Fsb
Mortgage Due Apr 01, 2035
1740 South 305th Place in Federal Way, WA was first built in 1969 and is 55 years old. Although, the building on the property was most recently renovated and altered in 1996. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In total, the area measurement of the land is 10,700 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 open garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. 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. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing electric heaters and being fueled with electricity. 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, 1740 South 305th Place was last sold in Aug 17, 2016 for $429,350. According to our calculations, that's $149.50 per sqft. Prior to that sales transaction, the property was sold for $340,000 in Mar 21, 2005. Current property owners are expected to pay $8,068 in taxes per year. The property on 1740 South 305th Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $719,000. To break that down further, the land itself was valued at $225,000. While improvements to the property were assessed at a total of $494,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1969
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Living Units: 4
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Garage Type: Open
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,700
  • Total Building Area: 2,872
  • Gross Building Area: 2,875
  • Building Area: 2,875
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Electric
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FIRETREE ESTATES
  • Land Acres: 0.246
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: FIRETREE ESTATES

Ownership

  • Current Owner : PELLEGRINO DAVID F
  • Previous Owner : ANDERSON LARRY B
  • Previous Owner 2: ANDERSON SEIJ T
  • Owner Before Previous Owner: BLUE THOMAS M
  • Owner Before Previous Owner 2: BLUE JENNIFER C

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030006

Zoning

  • Zoning: RM1800

Geography

  • Account Number: 255817009004
  • District: FEDERAL WAY
  • Parcel: 255817-0090
  • Lot: 9
  • Meridian: SEC 09 TWN 21 RNG 04
  • Municipality: FEDERAL WAY
  • Latitude: 47.3286
  • Longitude: -122.31

    Address

  • Full Address: 1740 S 305th Pl
  • Address - House Number: 1740
  • Street Direction: S
  • Address - Street Name: 305th
  • Address - Suffix Type: Pl
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C085
  • 4-Digit Zip Code: 4814
  • Zip Code: 98003

Valuation

    Tax

  • Total Area: 2,875
  • Tax Year: 2024
  • Tax Amount: $8,068
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1403
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 83
  • Final Value: 742,655
  • High Value: 846,906
  • Low Value: 638,404

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $277,500
  • First Open Lien Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Aug 22, 2016
  • First Open Lien Mortgage Loan Amount: $277,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046

    Market Valuation

  • Market Total Value: $719,000
  • Market Land Value: $225,000
  • Market Improvement Value: $494,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $719,000
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $494,000

    Sales

  • Current Sale Contract Date: Aug 17, 2016
  • Current Sale Recording Date: Aug 22, 2016
  • Current Sale Transaction ID: 1722890842
  • Current Sale Price: $429,350
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20160822001851
  • Previous Sale Recording Date: Mar 23, 2005
  • Previous Sale Contract Date: Mar 21, 2005
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Aug 22, 2016
  • First Mortgage Loan Amount: $277,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: LEHMAN BROTHERS BANK FSB
  • Previous Mortgage Transaction Date: Mar 23, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $272,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2035

About Federal Way



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Frequently Asked Questions

What neighborhood is 1740 South 305th Place located in?
The 1740 South 305th Place is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 1740 South 305th Place?
The average sales price for units in 1740 South 305th Place is $0 currently.

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