32225 23rd Ave
Federal Way, WA 98023
4 bd 3 ba 2,460 sqft Built 1968 Lot 7,600 sqft single_family
Most recent sale
$663,500
Aug 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 5, 2022 | Sold | $663,500 | MLS #1953652 |
| Jul 7, 2022 | Price changed | $675,000 | MLS #1953652 |
| Jun 23, 2022 | Listed | $695,000 | MLS #1953652 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $433,000 | $216,000 | $649,000 | $6,131 |
| 2024 | $397,000 | $216,000 | $613,000 | $6,077 |
| 2023 | $425,000 | $178,000 | $603,000 | $5,923 |
| 2022 | $320,000 | $142,000 | $462,000 | $691 |
| 2021 | $313,000 | $117,000 | $430,000 | $739 |
| 2020 | $313,000 | $117,000 | $430,000 | $739 |
| 2019 | $315,000 | $98,000 | $413,000 | $1,421 |
| 2018 | $301,000 | $94,000 | $395,000 | $1,486 |
| 2017 | $258,000 | $86,000 | $344,000 | $1,579 |
| 2016 | $232,000 | $79,000 | $311,000 | $4,305 |
| 2015 | $213,000 | $76,000 | $289,000 | $3,988 |
| 2014 | $198,000 | $76,000 | $274,000 | $3,315 |
| 2013 | $116,000 | $89,000 | $205,000 | $3,170 |
| 2012 | $102,000 | $89,000 | $191,000 | $3,140 |
| 2011 | $129,000 | $119,000 | $248,000 | $3,254 |
| 2010 | $140,000 | $119,000 | $259,000 | $3,288 |
| 2009 | $222,000 | $84,000 | $306,000 | $3,379 |
| 2007 | $204,000 | $80,000 | $284,000 | $2,954 |
Property facts
Year built
1968
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
2,460 sqft
Lot size
7,600 sqft
ZIP code
98023
City
Federal Way
Street
23rd Ave
Coordinates
47.31221, -122.36326
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,658
Gross rental yield
10.23%
Implied cap rate
6.65%
Trend-extrapolated value
—
Frequently asked questions
When did 32225 23rd Ave last sell?
32225 23rd Ave most recently sold on Aug 5, 2022 for $663,500.
What is the current tax assessment for 32225 23rd Ave?
The most recent total assessment for 32225 23rd Ave (year 2025) is $649,000 with $6,131 in property tax.
How does 32225 23rd Ave's assessment compare to its last sale price?
The current assessment is 2.2% below the last sale price of $663,500.
When was 32225 23rd Ave built?
32225 23rd Ave was built in 1968.
How does 32225 23rd Ave compare to others on 23rd Ave?
We track 8 other properties on 23rd Ave. Browse the list under "Other properties on 23rd Ave" to compare beds, baths, and sale history.
What are the property facts for 32225 23rd Ave?
32225 23rd Ave is a 4 bed, 3 bath, 2,460 sqft, 7,600 sqft lot single_family.
Is 32225 23rd Ave a flip candidate?
No — 32225 23rd Ave does not appear in our flips dataset.
Is 32225 23rd Ave a tax-appeal candidate?
No — 32225 23rd Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.7%
Implied 1-yr
-2.8%
2026 Q3
$657.5K
2026 Q4
$652.6K
ZIP 98023 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 23rd Ave