33020 10th Ave Sw

Federal Way, Washington, 98023

Tax DeedpendingSells Oct 10, 2026 · tomorrow

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Beds: 2
Baths: 2
SqFt: 956
Year Built: 1995
APN: 420500-0100

Property Type: Condo
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 4 Years 11 Months
Purchase Method: Financed
County: King

Value

Estimated Value: $290,000
County Market Value: $274,000; 2025
Assessed Value: $274,000; 2025

Mortgage & Debt

Open Mortgages: 2
Estimated Balance: $289,656
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $295,000; 10/26/2021
Document Type: Warranty Deed

Opportunity

Opening Bid: $17,148
Bid / Value: 6%; of $290,000
Property Tax 2025: $3,240; annual bill · not the amount owed
Equity (est.): $17,005; 5%
Monthly Rent: $2,199; Suggested rent
Gross Yield: 9.10%

Opening bid

$17,148

Assessed value

$274,000

Land $32,500Improvement $241,500

Market / AVM

$290,000

Property tax 2025

$3,240

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Travis Patterson
Mailing Address: 145 S 329th Pl, Federal Way, WA 98003
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 2
Total Bathrooms: 2
Garage Type

Deal analysis

School	Type	Grades	Rating	Enrollment
Todd Beamer High School	Public	9-12	3	1,606
Panther Lake Elementary School	Public	PK-5	2	449
Saghalie Middle School	Public	6-8	0	474
Enterprise Elementary School	Public	PK-5	4	439
Mirror Lake Elementary School	Public	PK-5	3	487
Silver Lake Elementary School	Public	PK-5	4	428
Illahee Middle School	Public	5-8	3	808
Decatur High School	Public	9-12	4	1,403
Sequoyah Middle School	Public	6-8	4	578

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
10/26/2021	First	$11,586	Purchase Money Mortgage	Washington State Housing Fin Commission	360	11/01/2051	20211028001817
10/26/2021	Second	$289,656	Fha	Premier Mortgage Resources Llc	360	11/01/2051	20211028001815

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
10/26/2021	Second	$289,656	Fha	Premier Mortgage Resources Llc	360	11/01/2051	20211028001815	Yes
10/26/2021	First	$11,586	Purchase Money Mortgage	Washington State Housing Fin Commission	360	11/01/2051	20211028001817	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
10/26/2021	10/28/2021	$295,000	Warranty Deed	20211028001815	Yes	Financed	Travis Eugene Patterson	Daniel J Esbenshade, Brynn L Esbenshade
12/12/2020	12/29/2020	$260,000	Warranty Deed	20201229001309	Yes	Cash Purchase	Nicholas K Weber, Jennifer J Weber	Richard Oh, Richard Oh
03/20/2014	03/28/2014	$125,000	Warranty Deed	20140328000682	Yes

Your maximum bid

$173,540

Walk away above this. Projected profit at the ceiling: $87,000 (30% of ARV).

Opening bid $17,148

Room to bid $156,392

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$72,763

Under max by $100,777

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for WA|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $290,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $290,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$23,200
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical WA range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical WA recording and deed issuance cost.: −$250
Holding costs (6 months)assumed Taxes, insurance, and securing the property at ~$435/month.: −$2,610
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$87,000
Maximum bid: $173,540

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. A WASHINGTON TAX DEED CAN BE UNWOUND FOR THREE YEARS AND THE RECORD WILL NOT WARN YOU. RCW 84.64.070: "If the real property of any minor, or any person adjudicated to be legally incompetent, be sold for nonpayment of taxes, the same may be redeemed at any time within three years after the date of sale." Nothing in a title search reveals that a former owner was a minor or had been adjudicated incompetent, so this is a latent claim on every Washington parcel for three years. It is the reason quietTitle is marked required in a state whose deed is otherwise clean.
This is the most trustworthy derived ARV in the file — full market value, revalued every year — but the parcel is only physically inspected once every six years, so an annual revaluation is a model applied to a property nobody has looked at recently. On a tax-foreclosure parcel, where deterioration is the norm and is exactly what a model of comparable sales will miss, the assessment is likely to describe a building in better condition than the one being sold. Farm, agricultural, timber and open space land also has its own valuation basis outside RCW 84.40.030 and will sit far below market.

33020 10th Ave Sw

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

33020 10th Ave Sw

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Schools

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

King County rules

Historical comps

Verify before you bid