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2405 South 362nd Street

2405 South 362nd Street, Federal Way, WA 98003
Property in Lakeland South
Sold Apr 04, 2013
$281,283
Sold Oct 27, 1995
$134,950
$133,027 by Ctx Mtg
Mortgage Due Nov 01, 2025
2405 South 362nd Street in Federal Way, WA was first built in 1982 and is 42 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2405 South 362nd Street has 1,720 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. In total, the area measurement of the land is 7,266 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 attached garage. The garage is 480 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 good. As for heating, the home is utilizing electric heaters 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, 2405 South 362nd Street was last sold in Apr 1, 2013 for $281,283. According to our calculations, that's $127.86 per sqft. Prior to that sales transaction, the property was sold for $134,950 in Oct 24, 1995. Current property owners are expected to pay $451 in taxes per year. The property on 2405 South 362nd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $495,000. To break that down further, the land itself was valued at $130,000. While improvements to the property were assessed at a total of $365,000. 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. 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!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: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,266
  • Total Building Area: 2,200
  • Gross Building Area: 2,200
  • Building Area: 1,720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 1,720
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAPLEWOOD VALE
  • Land Acres: 0.167
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAPLEWOOD VALE

Ownership

  • Current Owner : BANK OF AMERICA NA
  • Previous Owner : GIBSON PHILIP N
  • Previous Owner 2: GIBSON STACY L
  • Owner Before Previous Owner: WARD KERRY R
  • Owner Before Previous Owner 2: WARD LINDA K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Federal Way School District
  • Census Tract: 030403

Zoning

  • Zoning: R4

Geography

  • Account Number: 513100010000
  • District: KING COUNTY
  • Parcel: 513100-0100
  • Lot: 10
  • Meridian: SEC 28 TWN 21 RNG 04
  • Municipality: KING COUNTY
  • Latitude: 47.2769
  • Longitude: -122.303

    Address

  • Full Address: 2405 S 362nd St
  • Address - House Number: 2405
  • Street Direction: S
  • Address - Street Name: 362nd
  • Address - Suffix Type: St
  • State: WA
  • City Name: Federal Way
  • Carrier Code: C044
  • 4-Digit Zip Code: 7182
  • Zip Code: 98003

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $451
  • Tax Rate Code Area: 3490

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 595,700
  • High Value: 692,893
  • Low Value: 498,506

    Market Valuation

  • Market Total Value: $495,000
  • Market Land Value: $130,000
  • Market Improvement Value: $365,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $495,000
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $365,000

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2013
  • Current Sale Recording Date: Apr 04, 2013
  • Current Sale Transaction ID: 1127301204
  • Current Sale Price: $281,283
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20130404001519
  • Previous Sale Recording Date: Oct 27, 1995
  • Previous Sale Contract Date: Oct 24, 1995
  • Previous Sale Amount: $134,950
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CTX MTG
  • Previous Mortgage Transaction Date: Oct 27, 1995
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $133,027
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2025

About Lakeland South



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2405 South 362nd Street located in?
The 2405 South 362nd Street is a located in the neighborhood of Lakeland South in Lakeland South, Federal Way.
What is the average sales price for listings in 2405 South 362nd Street?
The average sales price for units in 2405 South 362nd Street is $0 currently.

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