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:
Richard Whitehill,
COMPASS
Bought with: eXp Realty
$785,500
34013 1st Circle S, Federal Way, WA 98003
--beds
--baths
2,784sqft
Quadruplex
Built in 1979
-- sqft lot
$834,700 Zestimate®
$282/sqft
$3,237 Estimated rent
Home value
$834,700
$785,000 - $885,000
$3,237/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:47am
Listed by:
Richard Whitehill,
COMPASS
Bought with:
Vibhu Passi, 22021505
eXp Realty
Source: NWMLS,MLS#: 2170515
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
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: Quadruplex
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: 535 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2024 | Sold | $785,500-1.8%$282/sqft |
Source:  NWMLS #2170515 | ||
| 12/11/2023 | Pending sale | $800,000$287/sqft |
Source: NWMLS #2170515 | ||
| 10/27/2023 | Listed for sale | $800,000$287/sqft |
Source: NWMLS #2170515 | ||
| 10/13/2023 | Pending sale | $800,000$287/sqft |
Source: NWMLS #2170515 | ||
| 10/12/2023 | Listed for sale | $800,000+365.1%$287/sqft |
Source: NWMLS #2170515 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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% |
Find assessor info on the county website
Neighborhood: West Campus
Nearby schools
GreatSchools rating
- 4/10Panther 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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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$834,700
2% more+ $16,694
With Zillow Showcase(estimated)
$851,394