Listing Provided Courtesy Of:
Blue Emerald Real Estate Co. and NWMLS
Address
31228 28th Avenue S Federal Way, WA
Price
$ 1,200,000
Property Attributes
  • ID#1757721
  • TypeLand
  • CountyKING
  • CityFederal Way
  • AreaDash Point-Feder
  • NeighborhoodSteel Lake
  • Zip98003
  • StyleRes-Less thn 1 Ac
  • Taxes$ 7751
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.95 Acres
Listing Provided Courtesy Of:
Blue Emerald Real Estate Co. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Rare investor opportunity for condominium, multifamily, and/or commercial development situated in desirable King County location within walking distance to mass transit. With Steel Lake Park and Truman Highschool as neighbors and easy freeway access, this property has massive income potential. Site infrastructure is underway for Sound Transit in the back of the property. This property also provides immediate income with two single-family houses that transferred so you can collect income while preparing for the development of the highest and best use. Make this investment shine by developing it to its highest potential! This rare opportunity won't last long so start planning and submit your offer today.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
4/14/2021 Listed $1,200,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Federal Way
County King
Directions From 312th St., head east to 28th Ave S. Go North on 28th Ave. Properties are on the left.
Elementary School Buyer To Verify
Garage Y/N No
Gas Status Not Available
HOA Fee Frequency Monthly
High School Buyer To Verify
High School District Federal Way
Lot Size Square Feet 41233
MLS Area 110 - Dash Point/Feder
Middle/Junior High School Buyer To Verify
Possession Closing
Possible Use Multi-Family
Property Style 40 - Res-Less thn 1 Ac
Property SubType Land
Property Type Land
Senior Community Y/N No
Sewer On Property
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 28th
Structure Type Unspecified
Subdivision Name Steel Lake
Tax Annual Amount 7751
Tax Year 2020
Terms Cash Out, Conventional
Topography Level
Utilities Electricity Connected, Septic Design Installed
Virtual Tour https://www.youtube.com/watch?v=t-BmhUr2wec
Zoning Class Multi-Family
Zoning Description RM2400

Interior Features

Electric On Property Y/N Yes
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Street Suffix Avenue

Exterior Features

Irrigation Water Rights Y/N No
Lot Size Acres 0.9466
Lot Size Units Square Feet
Road Responsibility County
View Y/N No
Water Source On Property
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 98003

Price
AVG $890K
$1.2M
Taxes
AVG $8,703
$7,751
Visits
AVG 148
191
Walkscore
AVG 38
51
Data Provided by Walkscore ® not using MLS data

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