31723 48th Ln

Federal Way, WA 98023

3 bd 2 ba 1,257 sqft Built 1980 condos

Most recent sale

$415,000

Oct 3, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

Date	Event	Price	Source
Oct 3, 2022	Sold	$415,000	MLS #1984962
Aug 27, 2022	Listed	$415,000	MLS #1984962
Jun 29, 2015	Listing removed	$177,000	NWMLS
Feb 19, 2015	Listed	$177,000	MLS #745446

Tax assessment history

No tax assessment data

No assessment history available for this parcel.

Property facts

Year built

1980

Property type

condos

Stories

—

Beds

Baths

Living area

1,257 sqft

Lot size

—

ZIP code

98023

City

Federal Way

Street

48th Ln

Coordinates

47.31795, -122.39481

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

31723 48th Ln

3bd 1,286sqft

No recent sale on file

31724 48th Ln

2bd 1,063sqft

No recent sale on file

Investment analysis

Estimates based on local averages — not personalized advice

Estimated monthly rent

$2,891

Gross rental yield

8.36%

Implied cap rate

5.43%

Trend-extrapolated value

—

Frequently asked questions

When did 31723 48th Ln last sell?

31723 48th Ln most recently sold on Oct 3, 2022 for $415,000.

What is the current tax assessment for 31723 48th Ln?

No tax-assessment history is recorded for this parcel.

When was 31723 48th Ln built?

31723 48th Ln was built in 1980.

How does 31723 48th Ln compare to others on 48th Ln?

We track 8 other properties on 48th Ln. Browse the list under "Other properties on 48th Ln" to compare beds, baths, and sale history.

What are the property facts for 31723 48th Ln?

31723 48th Ln is a 3 bed, 2 bath, 1,257 sqft condos.

Is 31723 48th Ln a flip candidate?

No — 31723 48th Ln does not appear in our flips dataset.

Is 31723 48th Ln a tax-appeal candidate?

No — 31723 48th 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

Linear regression on last 12 quarters of weighted-median sale price. Confidence band ±$110.6K. This is a ZIP-area forecast used as a neighborhood proxy — not a per-property automated valuation.

Explore nearby

Geography

Other properties on 48th Ln