1238 318th St
Federal Way, WA 98023
4 bd 3 ba 2,030 sqft Built 1993 Lot 6,602 sqft single_family
Most recent sale
$505,514
May 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 18, 2022 | Sold | $578,100 | NWMLS |
| Oct 4, 2022 | Price changed | $599,999 | MLS #1996362 |
| Sep 15, 2022 | Listed | $629,900 | MLS #1996362 |
| May 23, 2022 | Sold | $505,514 | Public Record |
| Jun 24, 2009 | Sold | $289,950 | Public Record |
| May 8, 2009 | Listing removed | $289,950 | NWMLS |
| Apr 29, 2009 | Listed | $289,950 | MLS #29061291 |
| Jun 13, 2006 | Sold | $359,000 | Public Record |
| Jan 30, 2004 | Sold | $252,000 | Public Record |
| Nov 9, 1992 | Sold | $156,250 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $438,000 | $187,000 | $625,000 | $6,044 |
| 2024 | $419,000 | $187,000 | $606,000 | $6,013 |
| 2023 | $442,000 | $154,000 | $596,000 | $5,856 |
| 2022 | $349,000 | $123,000 | $472,000 | $5,350 |
| 2021 | $331,000 | $102,000 | $433,000 | $5,222 |
| 2020 | $331,000 | $102,000 | $433,000 | $4,823 |
| 2019 | $319,000 | $85,000 | $404,000 | $4,461 |
| 2018 | $306,000 | $81,000 | $387,000 | $4,885 |
| 2017 | $269,000 | $74,000 | $343,000 | $4,156 |
| 2016 | $223,000 | $68,000 | $291,000 | $4,029 |
| 2015 | $205,000 | $65,000 | $270,000 | $3,733 |
| 2014 | $191,000 | $65,000 | $256,000 | $3,347 |
| 2013 | $118,000 | $89,000 | $207,000 | $3,267 |
| 2012 | $108,000 | $89,000 | $197,000 | $3,235 |
| 2011 | $136,000 | $119,000 | $255,000 | $3,343 |
| 2010 | $147,000 | $119,000 | $266,000 | $3,374 |
| 2009 | $243,000 | $84,000 | $327,000 | $3,605 |
| 2007 | $223,000 | $80,000 | $303,000 | $3,148 |
Property facts
Year built
1993
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
2,030 sqft
Lot size
6,602 sqft
ZIP code
98023
City
Federal Way
Street
318th St
Coordinates
47.31705, -122.35333
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,669
Gross rental yield
11.08%
Implied cap rate
7.20%
Trend-extrapolated value
—
Frequently asked questions
When did 1238 318th St last sell?
1238 318th St most recently sold on May 23, 2022 for $505,514.
What is the current tax assessment for 1238 318th St?
The most recent total assessment for 1238 318th St (year 2025) is $625,000 with $6,044 in property tax.
How does 1238 318th St's assessment compare to its last sale price?
The current assessment is 23.6% above the last sale price of $505,514.
When was 1238 318th St built?
1238 318th St was built in 1993.
How does 1238 318th St compare to others on 318th St?
We track 8 other properties on 318th St. Browse the list under "Other properties on 318th St" to compare beds, baths, and sale history.
What are the property facts for 1238 318th St?
1238 318th St is a 4 bed, 3 bath, 2,030 sqft, 6,602 sqft lot single_family.
Is 1238 318th St a flip candidate?
No — 1238 318th St does not appear in our flips dataset.
Is 1238 318th St a tax-appeal candidate?
No — 1238 318th 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 318th St