Federal Way Four Plex: 4 1BR units, with fireplace, washer/dryer, galley kitchen, deck and parking. The Panther Lake complex is a collection of 4 plex units all run by the Panther Lake HOA and property management. Great rental income, the vacancy rate is very low, management fee is only 5% and the HOA takes care of the grounds, utility and general maintenance. Freshly painted exterior, 50 year roof. Unit A totally renovated from studs out! All units filled with contented tenants. The charm is that each unit looks out over the woods towards the lake. Cool shade! Great location with easy access. Profit and loss statement available! Photos available of the new unit.
Sold
Listed by: COMPASS
Bought with: eXp Realty
$785,500
34013 1st Circle S, Federal Way, WA 98003
--beds
--baths
2,784sqft
Multi Family
Built in 1979
-- sqft lot
$845,000 Zestimate®
$282/sqft
$2,700 Estimated rent
Home value
$845,000
$803,000 - $896,000
$2,700/mo
Zestimate® history
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$5,407/mo
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Zillow last checked:
Listing updated:
Listed by:
Richard Whitehill,
COMPASS
Bought with:
Vibhu Passi, 22021505
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2170515
Facts & features
Interior
Heating
- Wall Unit(s), Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Features
- Patio & porch: Wall to Wall Carpet, Laminate
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.25 Acres
- Features: Adjacent to Public Land, Paved, Secluded
Details
- Parcel number: 1322020430
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete, Slab
- Roof: Composition
Condition
- Good
- Year built: 1979
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Federal Way
- Water: Public, Company: Federal Way
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Panther Lake
HOA & financial
HOA
- HOA fee: $678 monthly
Other
Other facts
- Listing terms: Conventional,FHA
- Cumulative days on market: 842 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2024 | Sold | $785,500-1.8%$282/sqft |
Source:  NWMLS as distributed by MLS GRID #2170515 Report a problem | ||
| 12/11/2023 | Pending sale | $800,000$287/sqft |
Source: NWMLS as distributed by MLS GRID #2170515 Report a problem | ||
| 10/27/2023 | Listed for sale | $800,000$287/sqft |
Source: NWMLS as distributed by MLS GRID #2170515 Report a problem | ||
| 10/13/2023 | Pending sale | $800,000$287/sqft |
Source: NWMLS as distributed by MLS GRID #2170515 Report a problem | ||
| 10/12/2023 | Listed for sale | $800,000+365.1%$287/sqft |
Source: NWMLS as distributed by MLS GRID #2170515 Report a problem | ||
| 11/4/1997 | Sold | $172,000$62/sqft |
Source: NWMLS as distributed by MLS GRID #97071543 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,054 +7.7% | $813,000 +3.8% |
| 2024 | $8,410 +1.1% | $783,000 +3.2% |
| 2023 | $8,315 +14.1% | $759,000 +2.7% |
| 2022 | $7,289 -3.3% | $739,000 +11.1% |
| 2021 | $7,535 +2.6% | $665,000 +9.2% |
| 2020 | $7,342 +14.5% | $609,000 +13% |
| 2019 | $6,414 +21.1% | $539,000 +17.2% |
| 2018 | $5,299 -7.2% | $460,000 +14.7% |
| 2017 | $5,710 +21.5% | $401,000 +9.6% |
| 2016 | $4,699 | $366,000 +0.3% |
| 2015 | $4,699 | $365,000 +13% |
| 2014 | $4,699 | $323,000 -0.9% |
| 2013 | $4,699 | $326,000 |
| 2012 | -- | $326,000 |
| 2011 | -- | $326,000 -5.5% |
| 2010 | -- | $345,000 |
| 2009 | -- | $345,000 +11.3% |
| 2007 | -- | $310,000 +47.6% |
| 2006 | -- | $210,000 |
| 2005 | -- | $210,000 +19.3% |
| 2001 | $2,377 -5.6% | $176,000 -2.2% |
| 2000 | $2,518 | $180,000 |
Find assessor info on the county website
Neighborhood: West Campus
Nearby schools
GreatSchools rating
- 2/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.3 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$845,000
Get a cash offer in 3 minutes
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Estimated market value
$845,000
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34013 1st Circle S
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