tomo logo

$640,000

Beds
4
Baths
2.5
sq ft
2,670

32718 40th Ave SW, Federal Way, WA 98023

32718 40th Ave SW

Federal Way, WA 98023

  • 53 days on market
    • Price drop $20,000↓
Welcome to your meticulously maintained home in the desirable Twin Lakes neighborhood. The primary suite features a spacious walk-in closet, a 3/4 bath, and a private deck perfect for relaxing. The main floor offers two additional bedrooms and a beautifully renovated bathroom. Enjoy the charm of hardwood floors throughout the main level and a cozy fireplace. Downstairs, you'll discover another bedroom and bath, a generous storage room, and a family room with a second fireplace. Step outside to a backyard deck that's great for entertaining. Relish the tranquility and convenience of this location, close to shopping, parks, and other amenities. And, of course, enjoy the comfort of air conditioning.

Details

Property type

Single Family Residence

Est. home value

$647,473

Lot size

8,000 sq ft

Price per sq ft

$240

Year built

1978

Annual property taxes

$6,141

Monthly HOA fee

$36.67

Price History

09/11/2024
NorthwestMLS

NorthwestMLS #2273108

Price change
$640,000
-3.03%
08/09/2024
NorthwestMLS

NorthwestMLS #2273108

Listed
$660,000
+3.13%
07/08/2022
NorthwestMLS

NorthwestMLS #1922172

Sold
$640,000

Schools & Community

Neighborhood: 

Twin Lakes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Golf, Park, Playground

School district: 

Federal Way

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$307,939
Asking price
$640,000
Closing costs (~8% of asking)
-$51,200
Est. remaining loan balance
-$280,861
Cash to seller
$307,939

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

July 2022

Original loan amount

$290,000

Est. remaining balance

$280,861

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Jamie Aragon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/01/2024 at 6:40 AM

Listing updated: 09/26/2024 at 12:47 PM

Listed by: Evonne Brank, John L. Scott, Inc Phone #: (253) 852-9200

MLS: NorthwestMLS #2273108

NorthwestMLS logo

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