31402 40th Ave
Federal Way, WA 98023
4 bd 2 ba 2,030 sqft Built 1972 Lot 8,400 sqft single_family
Most recent sale
$685,000
May 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 11, 2022 | Sold | $685,000 | MLS #1900626 |
| Apr 11, 2022 | Price changed | $685,000 | MLS #1900626 |
| Apr 1, 2022 | Price changed | $695,000 | MLS #1900626 |
| Mar 16, 2022 | Listed | $685,000 | MLS #1900626 |
| Mar 15, 2019 | Sold | $405,000 | MLS #1401377 |
| Feb 5, 2019 | Relisted | $409,000 | MLS #1401377 |
| Feb 4, 2019 | Listing removed | $409,000 | NWMLS |
| Jan 16, 2019 | Listed | $409,000 | MLS #1401377 |
| Oct 27, 2018 | Relisted | $424,000 | MLS #1358614 |
| Oct 13, 2018 | Price changed | $475,000 | MLS #1305801 |
| Sep 8, 2018 | Listing removed | $424,000 | NWMLS |
| Jun 15, 2018 | Price changed | $445,000 | MLS #1305801 |
| Jun 5, 2018 | Listed | $475,000 | MLS #1305801 |
| Apr 2, 2004 | Sold | $246,000 | Public Record |
| Dec 15, 1989 | Sold | $129,950 | Public Record |
| Nov 2, 1981 | Sold | $110,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $460,000 | $231,000 | $691,000 | $5,977 |
| 2024 | $368,000 | $231,000 | $599,000 | $5,950 |
| 2023 | $400,000 | $190,000 | $590,000 | $5,799 |
| 2022 | $261,000 | $152,000 | $413,000 | $4,702 |
| 2021 | $204,000 | $146,000 | $350,000 | $4,251 |
| 2020 | $204,000 | $146,000 | $350,000 | $4,030 |
| 2019 | $214,000 | $122,000 | $336,000 | $636 |
| 2018 | $229,000 | $117,000 | $346,000 | $664 |
| 2017 | $195,000 | $107,000 | $302,000 | $705 |
| 2016 | $175,000 | $98,000 | $273,000 | $716 |
| 2015 | $160,000 | $94,000 | $254,000 | $719 |
| 2014 | $147,000 | $94,000 | $241,000 | $619 |
| 2013 | $103,000 | $89,000 | $192,000 | $584 |
| 2012 | $90,000 | $89,000 | $179,000 | $650 |
| 2011 | $113,000 | $119,000 | $232,000 | $677 |
| 2010 | $123,000 | $119,000 | $242,000 | $690 |
| 2009 | $213,000 | $84,000 | $297,000 | $627 |
| 2007 | $195,000 | $80,000 | $275,000 | $2,863 |
Property facts
Year built
1972
Property type
single_family
Stories
—
Beds
4
Baths
2
Living area
2,030 sqft
Lot size
8,400 sqft
ZIP code
98023
City
Federal Way
Street
40th Ave
Coordinates
47.31949, -122.38279
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,669
Gross rental yield
8.18%
Implied cap rate
5.32%
Trend-extrapolated value
—
Frequently asked questions
When did 31402 40th Ave last sell?
31402 40th Ave most recently sold on May 11, 2022 for $685,000.
What is the current tax assessment for 31402 40th Ave?
The most recent total assessment for 31402 40th Ave (year 2025) is $691,000 with $5,977 in property tax.
How does 31402 40th Ave's assessment compare to its last sale price?
The current assessment is 0.9% above the last sale price of $685,000.
When was 31402 40th Ave built?
31402 40th Ave was built in 1972.
How does 31402 40th Ave compare to others on 40th Ave?
We track 8 other properties on 40th Ave. Browse the list under "Other properties on 40th Ave" to compare beds, baths, and sale history.
What are the property facts for 31402 40th Ave?
31402 40th Ave is a 4 bed, 2 bath, 2,030 sqft, 8,400 sqft lot single_family.
Is 31402 40th Ave a flip candidate?
No — 31402 40th Ave does not appear in our flips dataset.
Is 31402 40th Ave a tax-appeal candidate?
No — 31402 40th Ave 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 40th Ave