1222 296th St
Federal Way, WA 98023
3 bd 2 ba 1,430 sqft Built 1955 Lot 45,166 sqft single_family
Most recent sale
$1,250,000
Sep 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2022 | Sold | $1,250,000 | MLS #1986259 |
| Aug 21, 2022 | Listed | $1,250,000 | MLS #1986259 |
| Oct 2, 2015 | Sold | $714,500 | MLS #828269 |
| Aug 18, 2015 | Relisted | $725,000 | MLS #828269 |
| Aug 16, 2015 | Listing removed | $725,000 | NWMLS |
| Aug 8, 2015 | Listed | $725,000 | MLS #828269 |
| Oct 29, 1993 | Sold | $400,000 | Public Record |
| Dec 21, 1988 | Sold | $100,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $267,000 | $810,000 | $1,077,000 | $9,102 |
| 2024 | $340,000 | $608,000 | $948,000 | $9,274 |
| 2023 | $364,000 | $561,000 | $925,000 | $8,987 |
| 2022 | $239,000 | $510,000 | $749,000 | $8,390 |
| 2021 | $171,000 | $468,000 | $639,000 | $7,632 |
| 2020 | $171,000 | $468,000 | $639,000 | $6,841 |
| 2019 | $135,000 | $442,000 | $577,000 | $6,294 |
| 2018 | $155,000 | $395,000 | $550,000 | $7,102 |
| 2017 | $132,000 | $370,000 | $502,000 | $6,371 |
| 2016 | $80,000 | $370,000 | $450,000 | $5,979 |
| 2015 | $60,000 | $344,000 | $404,000 | $5,465 |
| 2014 | $57,000 | $321,000 | $378,000 | $5,126 |
| 2013 | $14,000 | $306,000 | $320,000 | $5,784 |
| 2012 | $41,000 | $312,000 | $353,000 | $5,211 |
| 2011 | $41,000 | $406,000 | $447,000 | $5,795 |
| 2010 | $41,000 | $406,000 | $447,000 | $5,611 |
| 2009 | $136,000 | $406,000 | $542,000 | $5,918 |
| 2007 | $166,000 | $373,000 | $539,000 | $5,538 |
Property facts
Year built
1955
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,430 sqft
Lot size
45,166 sqft
ZIP code
98023
City
Federal Way
Street
296th St
Coordinates
47.33773, -122.35124
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,500
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1222 296th St last sell?
1222 296th St most recently sold on Sep 30, 2022 for $1,250,000.
What is the current tax assessment for 1222 296th St?
The most recent total assessment for 1222 296th St (year 2025) is $1,077,000 with $9,102 in property tax.
How does 1222 296th St's assessment compare to its last sale price?
The current assessment is 13.8% below the last sale price of $1,250,000.
When was 1222 296th St built?
1222 296th St was built in 1955.
How does 1222 296th St compare to others on 296th St?
We track 8 other properties on 296th St. Browse the list under "Other properties on 296th St" to compare beds, baths, and sale history.
What are the property facts for 1222 296th St?
1222 296th St is a 3 bed, 2 bath, 1,430 sqft, 45,166 sqft lot single_family.
Is 1222 296th St a flip candidate?
No — 1222 296th St does not appear in our flips dataset.
Is 1222 296th St a tax-appeal candidate?
No — 1222 296th St 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 296th St