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31224 28th Avenue S Federal Way, WA $ 1,200,000
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$ 1,200,000 Get more info
31224 28th Avenue S
$ 1,200,000
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Share Save

31224 28th Avenue S

Federal Way, WA, 98003
$ 1,200,000
Bedrooms5 Baths2.0 Sq 2,540

Monthly Estimate*

$ 7,976

Listed by John L. Scott R.E. Lake Tapps
31224 28th Avenue S, Federal Way, WA 98003 - Image 1
31224 28th Avenue S, Federal Way, WA 98003 - Image 2
31224 28th Avenue S, Federal Way, WA 98003 - Image 3
31224 28th Avenue S, Federal Way, WA 98003 - Image 4
31224 28th Avenue S, Federal Way, WA 98003 - Image 5
31224 28th Avenue S, Federal Way, WA 98003 - Image 6
31224 28th Avenue S, Federal Way, WA 98003 - Image 7
31224 28th Avenue S, Federal Way, WA 98003 - Image 8
31224 28th Avenue S, Federal Way, WA 98003 - Image 9
31224 28th Avenue S, Federal Way, WA 98003 - Image 10
31224 28th Avenue S, Federal Way, WA 98003 - Image 11
31224 28th Avenue S, Federal Way, WA 98003 - Image 12
31224 28th Avenue S, Federal Way, WA 98003 - Image 13
31224 28th Avenue S, Federal Way, WA 98003 - Image 14

Single Family Home for sale in Federal Way, WA

for $1,200,000 with 5 bedrooms and 2 full baths. This 2,540 square foot home was built in 1961 on a lot size of 0.9466.

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.

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Single Family Pending

Price

$ 1,200,000

Bedrooms

5

Full Bath

2

Property Type

Single Family

Taxes

$ 9,150

Style

1 Story

Lot Size

0.9466

Year Built

1961

Town/City

Federal Way

County/Region

King

MLS | Web ID

2197072
Features
General
Interior Features Wall to Wall Carpet Fireplace Water Heater
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Negotiable See Remarks
Roof Composition
Appliances Refrigerator(s) Stove(s)/Range(s)
Exterior Features Wood Products
HOA 0
Garage Spaces 1
Security Features FullyFenced
Year Built 1961
View Mountain(s) Territorial
Topography Level
Levels One
Property SubType Residential
Tax Year 2023
Building Name Downtown Federal Way Zoned RM2400
County King
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Subdivision Name Steel Lake
Garage Y/N Y
Special Listing Conditions None
Status Pending
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
City Federal Way
Buyer Agent Compensation 2.5
Entry Location Main
View Y/N Y
Senior Community Y/N N
High School District Federal Way
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 41236
Waterfront Y/N N
Carport Y/N N
Street Name 28th
Listing Terms Cash Out Conventional
Land Lease Y/N N
Tax Annual Amount 9150.9
Property Condition Fair
Public Remarks 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
Structure Type House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Water Company Lake Haven
Total Actual Rent 2975
Property Style 10 - 1 Story
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Interior
Basement None
Flooring Vinyl Carpet
Total Fireplaces 1
Fireplace Features Wood Burning
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Full Baths 2
Half Baths 0
3/4 Baths 0
Total Bedrooms 5
Main Level Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Water Heater Type electric
Water Heater Location closet
Fireplaces Main 1
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 2
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 2
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Exterior
Parking Features RV Parking Driveway Detached Garage
Lot Features Adjacent to Public Land Value In Land
Water Source Public
Total Parking 1
Inclusions Refrigerators StovesRanges
Foundation Details Block
Building Area Total 2540
Street Suffix Avenue
Lot Size Acres 0.9466
Covered Spaces 1
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Fenced-Partially High Speed Internet Outbuildings RV Parking
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Internal Only
OriginalMLSID NWM2197072
Street Number 1 31224
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* Excluded Features
List By
Doug E. Stokes

Listing Agent

John L. Scott R.E. Lake Tapps

Broker

Affordability Calculator

$8,738
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$763
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258885 Elementary School
257703 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2024$1,200,000 Listed Price

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31224 28th Avenue S, Federal Way, WA, 98003 is a Single Family Home for sale at $1,200,000 with 2,540 sqft and a lot size of 0.9466. 31224 28th Avenue S has 5 bedrooms, 2.0 baths, and was built in 1961. The property's zip code is 98003 which is in Federal Way, WA

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