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31715 47th Ln

Federal Way, WA 98023

2 bd 2 ba 1,065 sqft Built 1982 Lot 8,888 sqft townhomes
Most recent sale
$335,000
Sep 19, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 19, 2022 Sold $335,000 MLS #1982047
Aug 12, 2022 Listed $325,000 MLS #1982047
Jun 27, 2019 Sold $186,200 Public Record
Apr 13, 2019 Price changed $186,200 MLS #1366961
Mar 20, 2019 Price changed $196,000 MLS #1366961
Dec 20, 2018 Listed $200,000 MLS #1366961
Oct 22, 2018 Sold $162,000 Public Record
Jun 8, 2007 Sold $215,000 Public Record
May 25, 2001 Sold $125,000 Public Record
Dec 1, 1998 Sold $103,000 Public Record
Nov 21, 1991 Sold $96,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $262,400 $51,600 $314,000 $3,751
2024 $275,400 $51,600 $327,000 $3,499
2023 $273,000 $33,000 $306,000 $3,063
2022 $209,100 $28,900 $238,000 $2,750
2021 $184,100 $28,900 $213,000 $2,619
2020 $184,100 $28,900 $213,000 $2,370
2019 $170,300 $24,700 $195,000 $2,096
2018 $153,300 $24,700 $178,000 $2,306
2017 $134,300 $24,700 $159,000 $2,191
2016 $126,300 $24,700 $151,000 $2,021
2015 $108,300 $24,700 $133,000 $1,774
2014 $94,300 $24,700 $119,000 $1,933
2013 $93,300 $24,700 $118,000 $1,866
2012 $86,300 $24,700 $111,000 $2,159
2011 $124,300 $24,700 $149,000 $1,977
2010 $138,300 $24,700 $163,000 $2,089
2009 $157,300 $24,700 $182,000 $2,032

Property facts

Year built
1982
Property type
townhomes
Stories
Beds
2
Baths
2
Living area
1,065 sqft
Lot size
8,888 sqft
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 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,450
Gross rental yield
8.78%
Implied cap rate
5.70%
Trend-extrapolated value

Frequently asked questions

When did 31715 47th Ln last sell?
31715 47th Ln most recently sold on Sep 19, 2022 for $335,000.
What is the current tax assessment for 31715 47th Ln?
The most recent total assessment for 31715 47th Ln (year 2025) is $314,000 with $3,751 in property tax.
How does 31715 47th Ln's assessment compare to its last sale price?
The current assessment is 6.3% below the last sale price of $335,000.
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 2 bed, 2 bath, 1,065 sqft, 8,888 sqft lot townhomes.
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 valuation
Quarterly trend
-0.7%
Implied 1-yr
-2.8%
2026 Q3
$657.5K
2026 Q4
$652.6K
ZIP 98023 — Median Price History + Forecast

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