507 321st St
Federal Way, WA 98003
3 bd 1 ba 1,011 sqft Built 1979 condos
Most recent sale
$375,000
Jun 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 29, 2022 | Sold | $375,000 | MLS #1930999 |
| May 13, 2022 | Listed | $355,000 | MLS #1930999 |
| Jan 5, 2018 | Sold | $130,000 | Public Record |
| Jun 30, 2016 | Sold | $105,000 | Public Record |
| Aug 25, 1998 | Sold | $57,500 | Public Record |
| Jun 19, 1997 | Sold | $71,567 | Public Record |
| Sep 13, 1991 | Sold | $67,500 | Public Record |
| Jul 12, 1982 | Sold | $53,300 | Public Record |
| Jan 10, 1980 | Sold | $45,950 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $214,300 | $99,700 | $314,000 | $507 |
| 2024 | $205,300 | $96,700 | $302,000 | $419 |
| 2023 | $219,600 | $60,400 | $280,000 | $2,782 |
| 2022 | $138,700 | $54,300 | $193,000 | $2,226 |
| 2021 | $135,700 | $54,300 | $190,000 | $2,322 |
| 2020 | $135,700 | $54,300 | $190,000 | $2,127 |
| 2019 | $127,700 | $48,300 | $176,000 | $1,681 |
| 2018 | $94,700 | $48,300 | $143,000 | $1,909 |
| 2017 | $83,700 | $48,300 | $132,000 | $1,627 |
| 2016 | $69,700 | $42,300 | $112,000 | $1,376 |
| 2015 | $47,700 | $42,300 | $90,000 | $1,508 |
| 2014 | $69,800 | $36,200 | $106,000 | $1,097 |
| 2013 | $29,800 | $36,200 | $66,000 | $1,332 |
| 2012 | $42,800 | $36,200 | $79,000 | $1,515 |
| 2011 | $94,800 | $36,200 | $131,000 | $1,730 |
| 2010 | $99,800 | $36,200 | $136,000 | $1,738 |
| 2009 | $109,800 | $36,200 | $146,000 | $1,628 |
| 2007 | $101,900 | $30,100 | $132,000 | $1,399 |
Property facts
Year built
1979
Property type
condos
Stories
—
Beds
3
Baths
1
Living area
1,011 sqft
Lot size
—
ZIP code
98003
City
Federal Way
Street
321st St
Coordinates
47.31390, -122.32688
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
$2,325
Gross rental yield
7.44%
Implied cap rate
4.84%
Trend-extrapolated value
—
Frequently asked questions
When did 507 321st St last sell?
507 321st St most recently sold on Jun 29, 2022 for $375,000.
What is the current tax assessment for 507 321st St?
The most recent total assessment for 507 321st St (year 2025) is $314,000 with $507 in property tax.
How does 507 321st St's assessment compare to its last sale price?
The current assessment is 16.3% below the last sale price of $375,000.
When was 507 321st St built?
507 321st St was built in 1979.
How does 507 321st St compare to others on 321st St?
We track 8 other properties on 321st St. Browse the list under "Other properties on 321st St" to compare beds, baths, and sale history.
What are the property facts for 507 321st St?
507 321st St is a 3 bed, 1 bath, 1,011 sqft condos.
Is 507 321st St a flip candidate?
No — 507 321st St does not appear in our flips dataset.
Is 507 321st St a tax-appeal candidate?
No — 507 321st 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
-0.5%
Implied 1-yr
-1.8%
2026 Q3
$810K
2026 Q4
$810K
ZIP 98003 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 321st St