2 months on rocket

Sale Pending

31224 28th Ave S, Federal Way, WA, 98003

$1,200,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths
2,540 SqFt
$472/SqFt
House
Schools Nearby

Location

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31224 28th Ave S, Federal Way$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

ParkingRV Parking, Driveway, Detached Garage
Garage1 space
Year Built1961
FireplaceWood Burning
ViewMountain(s), Territorial
MLS #2197072
Lot Size0.95 Acres
StatusSale Pending
(Pending)

About 31224 28th Ave S

Prime opportunity - 2 rental units located in desirable Downtown Federal Way w/3 parcels totaling .95 acre (41,236 SF) zoned RM2400 Multi-family. Great opportunity to collect rents while you develop this flat, dry land, perfect access with all utilities available (water, sewer, electricity, gas). Immediate access to I-5, HOV on/off ramps & conventionally close to Hwy 167, 18 w/walking distance to shopping, FW mall, Steel Lake, restaurants & most importantly the new Sound Transit Light rail & bus station. This is a remarkable opportunity, allowable usages include zero lot line townhouses, multi-family dwelling stack units, senior housing. This site receives good exposure w/157' of frontage on 28th Ave located between 2 apartment complexes.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 2,540 SqFt

Listing Office:

  • Office Name: John L. Scott R.E. Lake Tapps
  • Listing Agent: Doug E. Stokes

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Vinyl, Carpet
  • Interior: Wall to Wall Carpet, Fireplace, Water Heater
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Mountain(s), Territorial
  • Exterior: Wood Products

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: RV Parking, Driveway, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.95 Acres

School Info

Assigned Schools Information:

  • Federal Way High School, Public District Grades 9-12
  • Federal Way Public Academy, Public District Grades 6-10
  • Sacajawea Middle School, Public District Grades 6-8
  • Mirror Lake Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From I-5 North, Take 320th Street exit, Right onto 320th St., Right onto Gateway Ctr Blvd, Right on 28th Ave S, follow thru round about past HOV I-5 entrance, Right on 28th Ave. Property down on Right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $472/SqFt

Tax Information:

  • Annual Amount: $3,046
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Federal Way, WA.

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Federal Way, WA

City

Med. Sold Price

$568.4K

Med. Price/SqFt

$314

Avg. Days On Market

26

# of Sold Homes

42

31224 28th Ave S vs Federal Way

82 DAYS ON ROCKET

+56 Days

$1,200,000

+$631.5K More

$472/SqFt

+$158 More

KEY TAKEAWAY

This property is $631.5K more than the Median Sold Price and $158/SqFt more than other homes in Federal Way, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2197072

Listing Office:

  • Office Name: John L. Scott R.E. Lake Tapps
  • Listing Agent: Doug E. Stokes

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:17:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 03, 2007Home Sold
$602,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,046$247,000
2018$2,640$225,000
2017$2,934$203,000

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2289445
3
/10

  • Mirror Lake Elementary School

  • 625 S 314th St

  • 1.33 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2289446
3
/10

  • Sacajawea Middle School

  • 1101 S Dash Point Rd

  • 1.33 miles

  • Public District Grades 6-8

High School

school-card-donut-2289447
3
/10

  • Federal Way High School

  • 30611 16th Ave S

  • 0.93 miles

  • Public District Grades 9-12

school-card-donut-2289448
6
/10

  • Federal Way Public Academy

  • 34620 9th Ave S

  • 2.38 miles

  • Public District Grades 6-10

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,220. The most common annual income of people living in Federal Way, WA is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 31224 28th Ave S

What is the listing price of this property?

The listing price of 31224 28th Ave S property is $1,200,000.

What type of property is this?

The property 31224 28th Ave S is a house located in Federal Way, Washington, 98003.

Is this property for sale now?

Sale Pending: 31224 28th Ave S is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 31224 28th Ave S are:
Mirror Lake Elementary School: GreatSchools Rating 3/10
Sacajawea Middle School: GreatSchools Rating 3/10
Federal Way High School: GreatSchools Rating 3/10
Federal Way Public Academy: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,046 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 3, 2007 for $602,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 31224 28th Ave S has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 31224 28th Ave S is 2,540 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 31224 28th Ave S is 1961.

Rocket Homes›Washington›King County›Federal Way›98003›31224 28th Ave S

This home is located at 31224 28th Ave S in Federal Way, WA and zip code 98003 in the Steel Lake neighborhood. This 2,540 square foot home, which was built in 1961, sits on a 0.95 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 05, 2024 and is currently priced at $1,200,000.

While more than 24 listings in Federal Way, WA in March 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 10 were sold below. In March 2024 in Federal Way, WA there were 8.6% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $568,416, while the average time on the real estate market was 26 days.

From Rocket Homes Real Estate and based on county public records data.

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