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32936 40th Ave

Federal Way, WA 98001

3 bd 3 ba 1,911 sqft Built 2005 Lot 4,321 sqft single_family
Most recent sale
$650,000
Apr 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 14, 2022 Sold $650,000 MLS #1891184
Mar 11, 2022 Listed $575,000 MLS #1891184
Oct 6, 2015 Listing removed $276,700 NWMLS
May 15, 2013 Listing removed $1,600 NWMLS
May 11, 2013 Listed for rent $1,600 NWMLS
Dec 22, 2005 Sold $294,425 Public Record
Jun 16, 2005 Listed $276,700 MLS #25086502

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $403,000 $176,000 $579,000 $5,624
2024 $397,000 $165,000 $562,000 $5,664
2023 $404,000 $153,000 $557,000 $5,485
2022 $314,000 $124,000 $438,000 $4,977
2021 $259,000 $110,000 $369,000 $4,473
2020 $259,000 $110,000 $369,000 $4,264
2019 $246,000 $110,000 $356,000 $3,899
2018 $227,000 $110,000 $337,000 $4,258
2017 $218,000 $80,000 $298,000 $3,654
2016 $175,000 $80,000 $255,000 $3,752
2015 $171,000 $80,000 $251,000 $3,449
2014 $156,000 $80,000 $236,000 $3,079
2013 $113,000 $77,000 $190,000 $3,073
2012 $108,000 $77,000 $185,000 $3,276
2011 $137,000 $109,000 $246,000 $3,228
2010 $144,000 $109,000 $253,000 $3,213
2009 $211,000 $109,000 $320,000 $3,530
2007 $187,000 $104,000 $291,000 $3,148

Property facts

Year built
2005
Property type
single_family
Stories
Beds
3
Baths
3
Living area
1,911 sqft
Lot size
4,321 sqft
ZIP code
98001
City
Federal Way
Street
40th Ave
Coordinates
47.30589, -122.28384

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$4,395
Gross rental yield
8.11%
Implied cap rate
5.27%
Trend-extrapolated value

Frequently asked questions

When did 32936 40th Ave last sell?
32936 40th Ave most recently sold on Apr 14, 2022 for $650,000.
What is the current tax assessment for 32936 40th Ave?
The most recent total assessment for 32936 40th Ave (year 2025) is $579,000 with $5,624 in property tax.
How does 32936 40th Ave's assessment compare to its last sale price?
The current assessment is 10.9% below the last sale price of $650,000.
When was 32936 40th Ave built?
32936 40th Ave was built in 2005.
How does 32936 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 32936 40th Ave?
32936 40th Ave is a 3 bed, 3 bath, 1,911 sqft, 4,321 sqft lot single_family.
Is 32936 40th Ave a flip candidate?
No — 32936 40th Ave does not appear in our flips dataset.
Is 32936 40th Ave a tax-appeal candidate?
No — 32936 40th 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
+1.0%
Implied 1-yr
+4.1%
2026 Q3
$624.2K
2026 Q4
$630.2K
ZIP 98001 — Median Price History + Forecast

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