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2219 Southwest 308th Street

2219 Southwest 308th Street, Federal Way, WA 98023
Property in King
Sold Oct 21, 2021
$570,000
$559,675 by Hometown Lenders Inc
Mortgage Due Nov 01, 2051
Sold May 28, 2020
$433,000
$378,000 by First Continental Mortgage Ltd
Mortgage Due Jun 01, 2050
Local assessors in Federal Way, WA have categorized 2219 Southwest 308th Street as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 10,335 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 2219 Southwest 308th Street has a total of 2,080 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 finished improved basement that is 820 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 420 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 both a unknown and a unknown so you'll have great options in both the front and 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 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. 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, 2219 Southwest 308th Street sold most recently in Oct 19, 2021 for a total of $570,000. If you work out the math, that's approximately a cost of $228.00 per sqft. Before that, the property was also sold for $433,000 in May 20, 2020. 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 $5,633 in taxes each year. 2219 Southwest 308th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $513,000. If we break it down further, the land itself was valued at $177,000. Improvements to the property, however, were assessed at a total of $336,000. 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: 1975
  • Effective Year Built: 1975
  • 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: Finished improved basement
  • Basement Area: 820
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,335
  • Total Building Area: 2,500
  • Gross Building Area: 2,500
  • Building Area: 2,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,080
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKOTA RIDGE
  • Land Acres: 0.237
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKOTA RIDGE TGW UND 1/32 INT IN TRACT A

Ownership

  • Current Owner : ZARATE BLANCA F TREJO
  • Current Owner 2: HARO GERMAN
  • Previous Owner : KIPKO MARK P
  • Previous Owner 2: KIPKO KRISTINA A
  • Owner Before Previous Owner: DAY SARAH J
  • Owner Before Previous Owner 2: DAY SARAH J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RS9.6

Geography

  • Account Number: 416790028003
  • District: FEDERAL WAY
  • Subdivision Tract Number: A
  • Parcel: 416790-0280
  • Lot: 28
  • Meridian: SEC 12 TWN 21 RNG 03
  • Municipality: FEDERAL WAY
  • Latitude: 47.3255
  • Longitude: -122.363

    Address

  • Full Address: 2219 Sw 308th St
  • Address - House Number: 2219
  • Street Direction: SW
  • Address - Street Name: 308th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C061
  • 4-Digit Zip Code: 7819
  • Zip Code: 98023

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,633
  • Tax Rate Code Area: 1205

    Appraisal Valuation

  • Standard Deviation: 0.1473
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 596,013
  • High Value: 683,821
  • Low Value: 508,204

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $559,675
  • First Open Lien Mortgage Lender: HOMETOWN LENDERS INC
  • First Open Lien Mortgage Recording Date: Oct 21, 2021
  • First Open Lien Mortgage Loan Amount: $559,675
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $513,000
  • Market Land Value: $177,000
  • Market Improvement Value: $336,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $513,000
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $336,000

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Oct 21, 2021
  • Current Sale Transaction ID: 11860578685
  • Current Sale Price: $570,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211021000743
  • Previous Sale Recording Date: May 28, 2020
  • Previous Sale Contract Date: May 20, 2020
  • Previous Sale Amount: $433,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMETOWN LENDERS INC
  • First Mortgage Transaction Date: Oct 21, 2021
  • First Mortgage Loan Amount: $559,675
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST CONTINENTAL MORTGAGE LTD
  • Previous Mortgage Transaction Date: May 28, 2020
  • Previous Mortgage Loan Amount: $378,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2050

About Federal Way



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Frequently Asked Questions

What neighborhood is 2219 Southwest 308th Street located in?
The 2219 Southwest 308th Street is a located in the neighborhood of King in Federal Way, Federal Way.
What is the average sales price for listings in 2219 Southwest 308th Street?
The average sales price for units in 2219 Southwest 308th Street is $0 currently.

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