Opportunity To Own a Turn Key 4-Plex in Panther Lake Complex - Renovations 2023. 2 Bed, 1 Bath. 2 Updated Units (Sep 2023), 2 Units With Prior Updates. Each Unit Features a Kitchen, Living Room, Washer/Dryer, & Cozy Fireplace. New Roof (Sep 2023) & Exterior Paint. 3 Occupied Units, 1 Advertised for Rent. Ideal for Owner Occupancy with Low Rates. On-Site Management (5%). HOA Covers Water, Sewer, Garbage, and Common Area Maintenance. 4 Covered Parking & 2 Guest Spots. Nearby Community Play Area & Sports Court. Easy Access to Upcoming Light Rail. Close to Schools, Shopping, and Restaurants. This is a perfect investment for a first-time investor or a hands-off investor. Interior Showings with Signed PSA. List of Capital improvements Provided.
Sold
Listed by: Real Estate 2000 Inc. • Aimee Anthony
Bought with: Keller Williams Seattle Metro
$1,100,000
34 S 342nd Place, Federal Way, WA 98003
--beds
--baths
3,600sqft
Quadruplex, Multi Family
Built in 1979
-- sqft lot
$1,104,600 Zestimate®
$306/sqft
$1,893 Estimated rent
Home value
$1,104,600
$1.01M - $1.20M
$1,893/mo
Zestimate® history
Owner options
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$1,893/mo
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$7,448/mo
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$7,448/mo
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Close to schoolsCozy fireplaceNew roof
Zillow last checked:
Listing updated:
Listed by:
Aimee Anthony,
Real Estate 2000 Inc.,
David M. Hilbert,
Real Estate 2000 Inc.
Bought with:
Nicole Dankworth, 136860
Keller Williams Seattle Metro
Source: NWMLS as distributed by MLS GRID,MLS#: 2170933
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Features
- Patio & porch: Wall to Wall Carpet, Laminate
Lot
- Size: 0.29 Acres
Details
- Parcel number: 1322020620
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1979
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Available, Company: Lake Haven Water
- Water: Community, Company: Lake Haven Water
Community & HOA
Community
- Subdivision: Panther Lake
HOA
- HOA fee: $677 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $306/sqft
- Tax assessed value: $888,000
- Annual tax amount: $8,751
- Date on market: 12/6/2023
- Cumulative days on market: 959 days
- Listing terms: Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2024 | Sold | $1,100,000-8.3%$306/sqft |
Source:  NWMLS as distributed by MLS GRID #2170933 Report a problem | ||
| 1/23/2024 | Pending sale | $1,200,000$333/sqft |
Source: NWMLS as distributed by MLS GRID #2170933 Report a problem | ||
| 1/8/2024 | Listed for sale | $1,200,000$333/sqft |
Source: NWMLS as distributed by MLS GRID #2170933 Report a problem | ||
| 12/27/2023 | Pending sale | $1,200,000$333/sqft |
Source: NWMLS as distributed by MLS GRID #2170933 Report a problem | ||
| 10/13/2023 | Listed for sale | $1,200,000$333/sqft |
Source: NWMLS as distributed by MLS GRID #2170933 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,190 +7.8% | $888,000 +3.9% |
| 2024 | $9,454 +8.3% | $855,000 +10.2% |
| 2023 | $8,730 -0.2% | $776,000 -10.8% |
| 2022 | $8,751 -7.8% | $870,000 +5.5% |
| 2021 | $9,489 -1% | $825,000 +5.1% |
| 2020 | $9,583 +25% | $785,000 +25.2% |
| 2019 | $7,667 +18.8% | $627,000 +15.5% |
| 2018 | $6,454 -7.4% | $543,000 +14.1% |
| 2017 | $6,970 +20.9% | $476,000 +11.2% |
| 2016 | $5,766 | $428,000 +3.4% |
| 2015 | $5,766 | $414,000 +7.8% |
| 2014 | $5,766 | $384,000 -3.5% |
| 2013 | $5,766 | $398,000 +8.4% |
| 2012 | -- | $367,000 |
| 2011 | -- | $367,000 -5.4% |
| 2010 | -- | $388,000 |
| 2009 | -- | $388,000 +9.3% |
| 2007 | -- | $355,000 +45.5% |
| 2006 | -- | $244,000 |
| 2005 | -- | $244,000 +21.4% |
| 2001 | $2,822 -5.3% | $201,000 -2% |
| 2000 | $2,982 | $205,000 |
Find assessor info on the county website
Neighborhood: West Campus
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Nearby schools
GreatSchools rating
- 2/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.2 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,104,600
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Estimated market value
$1,104,600
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34 S 342nd Place
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