31715 47th Ln
Federal Way, WA 98023
3 bd 2 ba 1,257 sqft Built 1982 condos
Most recent sale
$400,000
Jun 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 30, 2022 | Sold | $400,000 | Public Record |
| May 28, 2022 | Listed | $425,000 | MLS #1941027 |
| Jan 7, 2022 | Sold | $360,000 | MLS #1871421 |
| Dec 16, 2021 | Listed | $355,950 | MLS #1871421 |
| Sep 30, 2004 | Sold | $160,000 | Public Record |
| Jun 17, 1996 | Sold | $92,500 | Public Record |
| May 3, 1993 | Sold | $101,000 | Public Record |
| Aug 9, 1991 | Sold | $104,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $293,100 | $56,900 | $350,000 | $4,058 |
| 2024 | $298,100 | $56,900 | $355,000 | $3,964 |
| 2023 | $298,600 | $36,400 | $335,000 | $3,338 |
| 2022 | $229,100 | $31,900 | $261,000 | $3,003 |
| 2021 | $203,100 | $31,900 | $235,000 | $2,877 |
| 2020 | $203,100 | $31,900 | $235,000 | $2,615 |
| 2019 | $188,700 | $27,300 | $216,000 | $2,332 |
| 2018 | $171,700 | $27,300 | $199,000 | $2,584 |
| 2017 | $151,700 | $27,300 | $179,000 | $2,469 |
| 2016 | $143,700 | $27,300 | $171,000 | $2,283 |
| 2015 | $123,700 | $27,300 | $151,000 | $2,015 |
| 2014 | $108,700 | $27,300 | $136,000 | $2,153 |
| 2013 | $104,700 | $27,300 | $132,000 | $2,076 |
| 2012 | $96,700 | $27,300 | $124,000 | $2,323 |
| 2011 | $135,700 | $27,300 | $163,000 | $2,156 |
| 2010 | $152,800 | $27,200 | $180,000 | $2,299 |
| 2009 | $177,800 | $27,200 | $205,000 | $2,280 |
Property facts
Year built
1982
Property type
condos
Stories
—
Beds
3
Baths
2
Living area
1,257 sqft
Lot size
—
ZIP code
98023
City
Federal Way
Street
47th Ln
Coordinates
47.31793, -122.39350
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
$2,891
Gross rental yield
8.67%
Implied cap rate
5.64%
Trend-extrapolated value
—
Frequently asked questions
When did 31715 47th Ln last sell?
31715 47th Ln most recently sold on Jun 30, 2022 for $400,000.
What is the current tax assessment for 31715 47th Ln?
The most recent total assessment for 31715 47th Ln (year 2025) is $350,000 with $4,058 in property tax.
How does 31715 47th Ln's assessment compare to its last sale price?
The current assessment is 12.5% below the last sale price of $400,000.
When was 31715 47th Ln built?
31715 47th Ln was built in 1982.
How does 31715 47th Ln compare to others on 47th Ln?
We track 8 other properties on 47th Ln. Browse the list under "Other properties on 47th Ln" to compare beds, baths, and sale history.
What are the property facts for 31715 47th Ln?
31715 47th Ln is a 3 bed, 2 bath, 1,257 sqft condos.
Is 31715 47th Ln a flip candidate?
No — 31715 47th Ln does not appear in our flips dataset.
Is 31715 47th Ln a tax-appeal candidate?
No — 31715 47th Ln 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 47th Ln