Sold1013d on market
28641 16th Avenue S
Federal Way, WA, 98003 • Redondo • King County
$1,150,000
$293/sqft
3,920Sqft
0.32 acLot
1979Built
Property DNA
Waterfront Property
Direct water access
Sound Views
Sound
Redondo
Redondo
Outdoor Living
Wall to Wall Carpet
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
1013 days on market
Established listing
$293/sqft
Price per square foot
About this home
Multi Family · Built 1979
Located in a nice quiet area near the heart of Federal Way while harvesting the appreciation of the city! Having access near Redondo beach while being next to all the desirable conveniences makes this place easy to rent out. Each unit average $2,050 in rents with all newer signed year leases! Tenants are awesome, cooperative and enjoys their living. A new owner can have peace of mind with a steady cash-flowing investment even with today's current interest rates. Each unit offers a spacious 980 square with 2 bedrooms, 1.75 bathrooms, washer and dryer hookups, and a private balcony with a view. Put more down payment to collect higher cash on cash returns!
Standout features identified
Our analysis highlights private balcony and newer signed year leases as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,157/month
Principal & Interest$5,623
Property Tax$1,150
Insurance$383
Down payment20% ($230,000)
3%50%
Est. 6.18% rate · 30yr fixed · $920,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1979
HeatingBaseboard, Electric
CoolingNone
Parking8 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionGood
Year built1979
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerPublic, Company: Lakehaven / Sewer Connected, Company: Lakehaven
Parking & Outdoor
ParkingOpen
Lot0.32 Acres
Location & Tax
NeighborhoodRedondo
Annual tax$8,898
Parcel7876800050
Features & details
8 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Products
Patio & Porch
Wall to Wall Carpet
Lot Features
Dead End Street
Paved
Deck
Views
Sound
Listing insights
Market data and value estimates
StatusSold
Days on market1013
Est. value$1,176,800
Est. rent$1,704/mo
Tax rate0.82%
Price/sqft$293
On marketMay 13, 2023
PostedFeb 27, 2023
Last sold$1,150,000
MLS statusSold
MLS updatedSep 5, 2024
Tour days6
Views5
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
11 events
DateEventPrice$/sqftSource
Jun 28, 2023Sold$1,150,000$293NWMLS as distributed by MLS GRID
May 30, 2023Pending Sale$1,195,000$305NWMLS as distributed by MLS GRID
May 23, 2023Listed For Sale$1,195,000$305NWMLS as distributed by MLS GRID
May 19, 2023Pending Sale$1,195,000$305NWMLS as distributed by MLS GRID
May 11, 2023Price Change$1,195,000$305NWMLS as distributed by MLS GRID
May 9, 2023Price Change$1,220,000$311NWMLS as distributed by MLS GRID
May 2, 2023Listed For Sale$1,250,000$319NWMLS as distributed by MLS GRID
Mar 23, 2023Pending Sale$1,250,000$319NWMLS as distributed by MLS GRID
Feb 27, 2023Listed For Sale$1,250,000$319NWMLS as distributed by MLS GRID
Jul 13, 2022Sold$1,000,000$255Public Record
Jun 7, 1999Sold$345,000$88Public Record
Sold$1,150,000
Jun 28, 2023•$293/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,195,000
May 30, 2023•$305/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,195,000
May 23, 2023•$305/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,195,000
May 19, 2023•$305/sqft•NWMLS as distributed by MLS GRID
Price Change$1,195,000
May 11, 2023•$305/sqft•NWMLS as distributed by MLS GRID
Price Change$1,220,000
May 9, 2023•$311/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,250,000
May 2, 2023•$319/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,250,000
Mar 23, 2023•$319/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,250,000
Feb 27, 2023•$319/sqft•NWMLS as distributed by MLS GRID
Sold$1,000,000
Jul 13, 2022•$255/sqft•Public Record
Sold$345,000
Jun 7, 1999•$88/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$9,506$943,000
Apr 7, 2023$10,515$952,000
Apr 7, 2022$8,898$893,000
Apr 7, 2021$8,852$773,000
Apr 7, 2020$8,551$702,000
Apr 7, 2019$7,822$644,000
Apr 7, 2018$6,107$516,000
Apr 7, 2017$6,524$447,000
Apr 7, 2016$5,841$428,000
Apr 7, 2015$5,841$442,000
Apr 7, 2014$5,841$392,000
Apr 7, 2013$5,841$426,000
Apr 7, 2012—$375,000
Apr 7, 2011—$375,000
Apr 7, 2010—$450,000
Apr 7, 2009—$450,000
Apr 7, 2007—$380,000
Apr 7, 2006—$323,000
Apr 7, 2005—$323,000
Apr 7, 2001$3,439$248,000
Apr 7, 2000$3,598$250,300
Nearby homes
Neighborhood details
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98003980239806398093
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Based on information submitted to the MLS GRID as of 2026-04-07 05:18:30 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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