Property Details
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This charming residential property, located at 2721 Southwest 327th ST in Federal Way, WA, is situated in the well-established subdivision of Village Park. The property, lot number 1 and less C & M rights, boasts a total assessed value of $399,000, with $279,000 attributed to the value of improvements and $120,000 to the land. The cozy one-story home was built in 1964 and features 3 bedrooms, 1 bathroom, and a total living space of 880 square feet. Being sold for $425,000 in 2023, this property offers a comfortable living space and a quaint neighborhood atmosphere.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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