1718 348th St
Federal Way, WA 98023
3 bd 2 ba 1,887 sqft Built 1983 Lot 6,740 sqft single_family
Most recent sale
$560,000
Apr 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 5, 2022 | Sold | $560,000 | Public Record |
| Feb 11, 2022 | Listed | $529,700 | MLS #1888206 |
| Oct 1, 1984 | Sold | $68,350 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $352,000 | $138,000 | $490,000 | $4,762 |
| 2024 | $339,000 | $133,000 | $472,000 | $4,722 |
| 2023 | $338,000 | $123,000 | $461,000 | $4,572 |
| 2022 | $249,000 | $108,000 | $357,000 | $4,088 |
| 2021 | $204,000 | $68,000 | $272,000 | $3,338 |
| 2020 | $204,000 | $68,000 | $272,000 | $3,238 |
| 2019 | $200,000 | $68,000 | $268,000 | $3,000 |
| 2018 | $189,000 | $68,000 | $257,000 | $3,283 |
| 2017 | $166,000 | $62,000 | $228,000 | $2,972 |
| 2016 | $149,000 | $57,000 | $206,000 | $2,894 |
| 2015 | $137,000 | $55,000 | $192,000 | $2,682 |
| 2014 | $127,000 | $55,000 | $182,000 | $2,544 |
| 2013 | $98,000 | $58,000 | $156,000 | $2,637 |
| 2012 | $100,000 | $58,000 | $158,000 | $2,472 |
| 2011 | $132,000 | $57,000 | $189,000 | $2,501 |
| 2010 | $138,000 | $57,000 | $195,000 | $2,497 |
| 2009 | $178,000 | $57,000 | $235,000 | $2,615 |
| 2007 | $163,000 | $55,000 | $218,000 | $2,317 |
Property facts
Year built
1983
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,887 sqft
Lot size
6,740 sqft
ZIP code
98023
City
Federal Way
Street
348th St
Coordinates
47.28971, -122.35687
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,340
Gross rental yield
9.30%
Implied cap rate
6.05%
Trend-extrapolated value
—
Frequently asked questions
When did 1718 348th St last sell?
1718 348th St most recently sold on Apr 5, 2022 for $560,000.
What is the current tax assessment for 1718 348th St?
The most recent total assessment for 1718 348th St (year 2025) is $490,000 with $4,762 in property tax.
How does 1718 348th St's assessment compare to its last sale price?
The current assessment is 12.5% below the last sale price of $560,000.
When was 1718 348th St built?
1718 348th St was built in 1983.
How does 1718 348th St compare to others on 348th St?
We track 7 other properties on 348th St. Browse the list under "Other properties on 348th St" to compare beds, baths, and sale history.
What are the property facts for 1718 348th St?
1718 348th St is a 3 bed, 2 bath, 1,887 sqft, 6,740 sqft lot single_family.
Is 1718 348th St a flip candidate?
No — 1718 348th St does not appear in our flips dataset.
Is 1718 348th St a tax-appeal candidate?
No — 1718 348th 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 348th St