31148 2nd Pl
Federal Way, WA 98023
3 bd 3 ba 2,724 sqft Built 2007 Lot 7,238 sqft single_family
Most recent sale
$780,000
Aug 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 22, 2022 | Sold | $780,000 | MLS #1963910 |
| Jul 8, 2022 | Listed | $780,000 | MLS #1963910 |
| Sep 18, 2007 | Sold | $499,950 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $461,000 | $248,000 | $709,000 | $6,844 |
| 2024 | $439,000 | $248,000 | $687,000 | $6,786 |
| 2023 | $471,000 | $204,000 | $675,000 | $6,608 |
| 2022 | $372,000 | $163,000 | $535,000 | $6,041 |
| 2021 | $322,000 | $133,000 | $455,000 | $5,479 |
| 2020 | $322,000 | $133,000 | $455,000 | $5,057 |
| 2019 | $313,000 | $111,000 | $424,000 | $4,675 |
| 2018 | $300,000 | $106,000 | $406,000 | $5,122 |
| 2017 | $263,000 | $97,000 | $360,000 | $5,005 |
| 2016 | $263,000 | $89,000 | $352,000 | $5,571 |
| 2015 | $291,000 | $85,000 | $376,000 | $5,167 |
| 2014 | $272,000 | $85,000 | $357,000 | $4,701 |
| 2013 | $204,000 | $89,000 | $293,000 | $4,590 |
| 2012 | $190,000 | $89,000 | $279,000 | $4,325 |
| 2011 | $224,000 | $119,000 | $343,000 | $4,467 |
| 2010 | $238,000 | $119,000 | $357,000 | $4,498 |
| 2009 | $309,000 | $84,000 | $393,000 | $4,315 |
Property facts
Year built
2007
Property type
single_family
Stories
—
Beds
3
Baths
3
Living area
2,724 sqft
Lot size
7,238 sqft
ZIP code
98023
City
Federal Way
Street
2nd Pl
Coordinates
47.32284, -122.33621
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,265
Gross rental yield
9.64%
Implied cap rate
6.27%
Trend-extrapolated value
—
Frequently asked questions
When did 31148 2nd Pl last sell?
31148 2nd Pl most recently sold on Aug 22, 2022 for $780,000.
What is the current tax assessment for 31148 2nd Pl?
The most recent total assessment for 31148 2nd Pl (year 2025) is $709,000 with $6,844 in property tax.
How does 31148 2nd Pl's assessment compare to its last sale price?
The current assessment is 9.1% below the last sale price of $780,000.
When was 31148 2nd Pl built?
31148 2nd Pl was built in 2007.
How does 31148 2nd Pl compare to others on 2nd Pl?
We track 8 other properties on 2nd Pl. Browse the list under "Other properties on 2nd Pl" to compare beds, baths, and sale history.
What are the property facts for 31148 2nd Pl?
31148 2nd Pl is a 3 bed, 3 bath, 2,724 sqft, 7,238 sqft lot single_family.
Is 31148 2nd Pl a flip candidate?
No — 31148 2nd Pl does not appear in our flips dataset.
Is 31148 2nd Pl a tax-appeal candidate?
No — 31148 2nd Pl 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 2nd Pl