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1611 322nd St

Federal Way, WA 98023

2 bd 2 ba 980 sqft Built 1981 Lot 6,711 sqft single_family
Most recent sale
$485,000
Oct 5, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 5, 2022 Sold $485,000 MLS #1978538
Aug 5, 2022 Listed $485,000 MLS #1978538
Apr 29, 2009 Sold $230,300 Public Record
Mar 29, 2009 Listing removed $229,800 NWMLS
Mar 11, 2009 Listed $229,800 MLS #29034990
Mar 15, 2005 Sold $198,500 Public Record
Jun 30, 1995 Sold $105,000 Public Record
Jan 29, 1992 Sold $105,000 Public Record
Apr 16, 1981 Sold $67,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $331,000 $160,000 $491,000 $4,750
2024 $319,000 $154,000 $473,000 $4,732
2023 $319,000 $143,000 $462,000 $4,581
2022 $242,000 $125,000 $367,000 $4,198
2021 $209,000 $81,000 $290,000 $3,549
2020 $209,000 $81,000 $290,000 $3,447
2019 $205,000 $81,000 $286,000 $3,191
2018 $193,000 $81,000 $274,000 $3,492
2017 $169,000 $74,000 $243,000 $3,167
2016 $152,000 $68,000 $220,000 $3,083
2015 $140,000 $65,000 $205,000 $2,867
2014 $130,000 $65,000 $195,000 $2,717
2013 $100,000 $67,000 $167,000 $2,815
2012 $102,000 $67,000 $169,000 $2,649
2011 $118,000 $70,000 $188,000 $2,488
2010 $124,000 $70,000 $194,000 $2,484
2009 $164,000 $70,000 $234,000 $2,605
2007 $150,000 $67,000 $217,000 $2,305

Property facts

Year built
1981
Property type
single_family
Stories
Beds
2
Baths
2
Living area
980 sqft
Lot size
6,711 sqft
ZIP code
98023
City
Federal Way
Street
322nd St
Coordinates
47.31305, -122.35573

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,254
Gross rental yield
5.58%
Implied cap rate
3.62%
Trend-extrapolated value

Frequently asked questions

When did 1611 322nd St last sell?
1611 322nd St most recently sold on Oct 5, 2022 for $485,000.
What is the current tax assessment for 1611 322nd St?
The most recent total assessment for 1611 322nd St (year 2025) is $491,000 with $4,750 in property tax.
How does 1611 322nd St's assessment compare to its last sale price?
The current assessment is 1.2% above the last sale price of $485,000.
When was 1611 322nd St built?
1611 322nd St was built in 1981.
How does 1611 322nd St compare to others on 322nd St?
We track 8 other properties on 322nd St. Browse the list under "Other properties on 322nd St" to compare beds, baths, and sale history.
What are the property facts for 1611 322nd St?
1611 322nd St is a 2 bed, 2 bath, 980 sqft, 6,711 sqft lot single_family.
Is 1611 322nd St a flip candidate?
No — 1611 322nd St does not appear in our flips dataset.
Is 1611 322nd St a tax-appeal candidate?
No — 1611 322nd St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.7%
Implied 1-yr
-2.8%
2026 Q3
$657.5K
2026 Q4
$652.6K
ZIP 98023 — Median Price History + Forecast

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