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$579,000

Beds
3
Baths
1.5
sq ft
1,100

5005 SW 314th Pl, Federal Way, WA 98023

5005 SW 314th Pl

Federal Way, WA 98023

  • 37 days on market
Location! Location! Location! This home is tucked away in a quiet neighborhood, yet still close to shopping, restaurants, & schools! Within walking distance to Palisades Park, Dash Point State & Dumas Bay Beach Parks! This rambler sits on a large corner lot w/mature landscaping. This home has it all! Recently painted & partially/cosmetically remodeled! The home features an open layout w/new kitchen countertops & Samsung smart appliances! New flooring, water heater, smart thermostat, & window blinds installed in 2022! The skylights provide ample light throughout the day! Entertainment sized deck in the fully fenced backyard! 2 car garage & RV parking! Comes equipped w/SOLAR PANELS on the roof! The list goes on! Call to see this home today!

Details

Property type

Single Family Residence

Est. home value

$473,507

Lot size

9,765 sq ft

Price per sq ft

$527

Year built

1970

Annual property taxes

$4,532

Price History

08/13/2024
NorthwestMLS

NorthwestMLS #2276880

Listed
$579,000
+35.28%
06/25/2021
NorthwestMLS

NorthwestMLS #1777699

Sold
$428,000
+127.06%
05/06/2004
NorthwestMLS

NorthwestMLS #24036090

Sold
$188,500

Schools & Community

Neighborhood: 

Twin Lakes

Elementary school: 

Twin Lakes Elem

Middle school: 

Lakota Mid Sch

High school: 

Decatur High

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

$522,182
Asking price
$579,000
Closing costs (~8% of asking)
-$46,320
Est. remaining loan balance
-$10,498
Cash to seller
$522,182

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

January 2024

Original loan amount

$10,527

Est. remaining balance

$10,498

Interest rate

7.44%

Loan type

FHA, 40 year

Seller

Richard E Ward Jr

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: 09/19/2024 at 2:40 AM

Listing updated: 08/14/2024 at 5:04 AM

Listed by: Mackenzie Record, Engel & Voelkers North Tacoma Phone #: (206) 651-7533

MLS: NorthwestMLS #2276880

NorthwestMLS logo

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