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32124 33rd Ave

Federal Way, WA 98023

3 bd 3 ba 2,340 sqft Built 1966 Lot 7,875 sqft single_family
Most recent sale
$715,888
Apr 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 1, 2022 Sold $715,888 MLS #1894771
Mar 9, 2022 Listed $688,000 MLS #1894771
Mar 2, 2016 Sold $305,000 Public Record
Dec 24, 2015 Listing removed $314,900 NWMLS
Dec 10, 2015 Listed $314,900 MLS #857092
Oct 2, 2015 Listing removed $310,000 NWMLS
Oct 1, 2015 Price changed $310,000 MLS #734128
Mar 9, 2015 Listed $319,000 MLS #734128
Feb 26, 2008 Sold $349,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $400,000 $216,000 $616,000 $5,994
2024 $381,000 $216,000 $597,000 $5,928
2023 $409,000 $178,000 $587,000 $5,770
2022 $311,000 $142,000 $453,000 $5,141
2021 $258,000 $117,000 $375,000 $4,543
2020 $258,000 $117,000 $375,000 $4,310
2019 $262,000 $98,000 $360,000 $3,989
2018 $251,000 $94,000 $345,000 $4,300
2017 $215,000 $86,000 $301,000 $3,891
2016 $193,000 $79,000 $272,000 $3,781
2015 $177,000 $76,000 $253,000 $3,506
2014 $164,000 $76,000 $240,000 $3,284
2013 $114,000 $89,000 $203,000 $3,137
2012 $100,000 $89,000 $189,000 $3,112
2011 $126,000 $119,000 $245,000 $3,216
2010 $136,000 $119,000 $255,000 $3,238
2009 $233,000 $84,000 $317,000 $3,498
2007 $214,000 $80,000 $294,000 $3,114

Property facts

Year built
1966
Property type
single_family
Stories
Beds
3
Baths
3
Living area
2,340 sqft
Lot size
7,875 sqft
ZIP code
98023
City
Federal Way
Street
33rd Ave
Coordinates
47.31381, -122.37153

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
$5,382
Gross rental yield
9.02%
Implied cap rate
5.86%
Trend-extrapolated value

Frequently asked questions

When did 32124 33rd Ave last sell?
32124 33rd Ave most recently sold on Apr 1, 2022 for $715,888.
What is the current tax assessment for 32124 33rd Ave?
The most recent total assessment for 32124 33rd Ave (year 2025) is $616,000 with $5,994 in property tax.
How does 32124 33rd Ave's assessment compare to its last sale price?
The current assessment is 14.0% below the last sale price of $715,888.
When was 32124 33rd Ave built?
32124 33rd Ave was built in 1966.
How does 32124 33rd Ave compare to others on 33rd Ave?
We track 8 other properties on 33rd Ave. Browse the list under "Other properties on 33rd Ave" to compare beds, baths, and sale history.
What are the property facts for 32124 33rd Ave?
32124 33rd Ave is a 3 bed, 3 bath, 2,340 sqft, 7,875 sqft lot single_family.
Is 32124 33rd Ave a flip candidate?
No — 32124 33rd Ave does not appear in our flips dataset.
Is 32124 33rd Ave a tax-appeal candidate?
No — 32124 33rd Ave 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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