31729 48th Ln
Federal Way, WA 98023
3 bd 3 ba 1,284 sqft Built 1980 Lot 8,888 sqft condos
Most recent sale
$320,000
Jul 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 21, 2022 | Sold | $320,000 | MLS #1940166 |
| Jun 17, 2022 | Price changed | $335,000 | MLS #1940166 |
| May 27, 2022 | Listed | $355,000 | MLS #1940166 |
| Nov 13, 2015 | Sold | $145,000 | MLS #432468 |
| Feb 20, 2013 | Price changed | $119,900 | MLS #432468 |
| Jan 23, 2013 | Price changed | $124,900 | MLS #432468 |
| Dec 25, 2012 | Listed | $150,000 | MLS #432468 |
| Oct 2, 2003 | Sold | $157,500 | Public Record |
| Mar 5, 2001 | Sold | $145,000 | Public Record |
| Apr 28, 1999 | Sold | $105,000 | Public Record |
| Mar 30, 1992 | Sold | $108,950 | Public Record |
| May 19, 1989 | Sold | $66,500 | Public Record |
| Oct 18, 1982 | Sold | $65,008 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $285,600 | $54,400 | $340,000 | $3,661 |
| 2024 | $254,600 | $54,400 | $309,000 | $3,906 |
| 2023 | $299,200 | $34,800 | $334,000 | $3,344 |
| 2022 | $256,500 | $30,500 | $287,000 | $3,301 |
| 2021 | $215,500 | $30,500 | $246,000 | $3,018 |
| 2020 | $215,500 | $30,500 | $246,000 | $2,753 |
| 2019 | $200,900 | $26,100 | $227,000 | $2,420 |
| 2018 | $179,900 | $26,100 | $206,000 | $2,984 |
| 2017 | $180,900 | $26,100 | $207,000 | $2,451 |
| 2016 | $142,900 | $26,100 | $169,000 | $2,670 |
| 2015 | $150,900 | $26,100 | $177,000 | $2,620 |
| 2014 | $151,900 | $26,100 | $178,000 | $2,051 |
| 2013 | $98,900 | $26,100 | $125,000 | $1,825 |
| 2012 | $81,900 | $26,100 | $108,000 | $2,222 |
| 2011 | $132,900 | $26,100 | $159,000 | $2,113 |
| 2010 | $151,000 | $26,000 | $177,000 | $2,270 |
| 2009 | $176,000 | $26,000 | $202,000 | $2,256 |
| 2007 | $162,900 | $26,100 | $189,000 | $2,119 |
Property facts
Year built
1980
Property type
condos
Stories
—
Beds
3
Baths
3
Living area
1,284 sqft
Lot size
8,888 sqft
ZIP code
98023
City
Federal Way
Street
48th Ln
Coordinates
47.31793, -122.39451
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
$2,953
Gross rental yield
11.07%
Implied cap rate
7.20%
Trend-extrapolated value
—
Frequently asked questions
When did 31729 48th Ln last sell?
31729 48th Ln most recently sold on Jul 21, 2022 for $320,000.
What is the current tax assessment for 31729 48th Ln?
The most recent total assessment for 31729 48th Ln (year 2025) is $340,000 with $3,661 in property tax.
How does 31729 48th Ln's assessment compare to its last sale price?
The current assessment is 6.3% above the last sale price of $320,000.
When was 31729 48th Ln built?
31729 48th Ln was built in 1980.
How does 31729 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 31729 48th Ln?
31729 48th Ln is a 3 bed, 3 bath, 1,284 sqft, 8,888 sqft lot condos.
Is 31729 48th Ln a flip candidate?
No — 31729 48th Ln does not appear in our flips dataset.
Is 31729 48th Ln a tax-appeal candidate?
No — 31729 48th 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 48th Ln