32718 40th Ave
Federal Way, WA 98023
4 bd 3 ba 2,670 sqft Built 1978 Lot 8,000 sqft single_family
Most recent sale
$640,000
Jul 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 6, 2024 | Sold | $650,000 | NWMLS |
| Sep 11, 2024 | Price changed | $640,000 | NWMLS |
| Aug 9, 2024 | Listed | $660,000 | NWMLS |
| Jul 8, 2022 | Sold | $640,000 | MLS #1922172 |
| May 14, 2022 | Listed | $640,000 | MLS #1922172 |
| Sep 3, 1998 | Sold | $175,000 | Public Record |
| Aug 28, 1978 | Sold | $79,800 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $423,000 | $216,000 | $639,000 | $6,210 |
| 2024 | $403,000 | $216,000 | $619,000 | $6,140 |
| 2023 | $431,000 | $178,000 | $609,000 | $5,980 |
| 2022 | $341,000 | $142,000 | $483,000 | $5,471 |
| 2021 | $334,000 | $117,000 | $451,000 | $5,432 |
| 2020 | $335,000 | $98,000 | $433,000 | $5,161 |
| 2019 | $320,000 | $94,000 | $414,000 | $4,764 |
| 2018 | $275,000 | $86,000 | $361,000 | $5,136 |
| 2017 | $248,000 | $79,000 | $327,000 | $4,657 |
| 2016 | $228,000 | $76,000 | $304,000 | $4,523 |
| 2015 | $213,000 | $76,000 | $289,000 | $4,201 |
| 2014 | $131,000 | $89,000 | $220,000 | $3,551 |
| 2013 | $116,000 | $89,000 | $205,000 | $3,395 |
| 2012 | $147,000 | $119,000 | $266,000 | $3,371 |
| 2011 | $158,000 | $119,000 | $277,000 | $3,483 |
| 2010 | $158,000 | $119,000 | $277,000 | $3,510 |
| 2009 | $236,000 | $84,000 | $320,000 | $3,529 |
| 2007 | $217,000 | $80,000 | $297,000 | $3,091 |
Property facts
Year built
1978
Property type
single_family
Stories
1
Beds
4
Baths
3
Living area
2,670 sqft
Lot size
8,000 sqft
ZIP code
98023
City
Federal Way
Street
40th Ave
Coordinates
47.30871, -122.38241
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
$6,141
Gross rental yield
11.51%
Implied cap rate
7.48%
Trend-extrapolated value
—
Frequently asked questions
When did 32718 40th Ave last sell?
32718 40th Ave most recently sold on Jul 8, 2022 for $640,000.
What is the current tax assessment for 32718 40th Ave?
The most recent total assessment for 32718 40th Ave (year 2025) is $639,000 with $6,210 in property tax.
How does 32718 40th Ave's assessment compare to its last sale price?
The current assessment is 0.2% below the last sale price of $640,000.
When was 32718 40th Ave built?
32718 40th Ave was built in 1978.
How does 32718 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 32718 40th Ave?
32718 40th Ave is a 4 bed, 3 bath, 2,670 sqft, 8,000 sqft lot single_family.
Is 32718 40th Ave a flip candidate?
No — 32718 40th Ave does not appear in our flips dataset.
Is 32718 40th Ave a tax-appeal candidate?
No — 32718 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