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32245 8th Ave

Federal Way, WA 98023

4 bd 3 ba 3,180 sqft Built 1984 Lot 7,819 sqft single_family
Most recent sale
$750,000
Sep 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 1, 2022 Sold $750,000 MLS #1956161
Jul 13, 2022 Price changed $749,900 MLS #1956161
Jun 23, 2022 Listed $774,900 MLS #1956161
Jun 30, 2006 Sold $429,300 Public Record
Jun 24, 2005 Sold $280,000 Public Record
Nov 13, 2000 Sold $249,000 Public Record
Jun 16, 1998 Sold $209,999 Public Record
Jun 15, 1984 Sold $118,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $504,000 $173,000 $677,000 $6,560
2024 $486,000 $166,000 $652,000 $6,447
2023 $483,000 $154,000 $637,000 $6,246
2022 $371,000 $135,000 $506,000 $5,723
2021 $349,000 $101,000 $450,000 $5,421
2020 $349,000 $101,000 $450,000 $5,278
2019 $342,000 $101,000 $443,000 $4,877
2018 $323,000 $101,000 $424,000 $5,345
2017 $284,000 $92,000 $376,000 $4,838
2016 $256,000 $84,000 $340,000 $4,698
2015 $236,000 $80,000 $316,000 $4,357
2014 $220,000 $80,000 $300,000 $4,040
2013 $175,000 $76,000 $251,000 $4,186
2012 $178,000 $76,000 $254,000 $3,930
2011 $209,000 $79,000 $288,000 $3,765
2010 $218,000 $79,000 $297,000 $3,757
2009 $278,000 $79,000 $357,000 $3,928
2007 $255,000 $76,000 $331,000 $3,466

Property facts

Year built
1984
Property type
single_family
Stories
Beds
4
Baths
3
Living area
3,180 sqft
Lot size
7,819 sqft
ZIP code
98023
City
Federal Way
Street
8th Ave
Coordinates
47.31334, -122.34612

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
$7,314
Gross rental yield
11.70%
Implied cap rate
7.61%
Trend-extrapolated value

Frequently asked questions

When did 32245 8th Ave last sell?
32245 8th Ave most recently sold on Sep 1, 2022 for $750,000.
What is the current tax assessment for 32245 8th Ave?
The most recent total assessment for 32245 8th Ave (year 2025) is $677,000 with $6,560 in property tax.
How does 32245 8th Ave's assessment compare to its last sale price?
The current assessment is 9.7% below the last sale price of $750,000.
When was 32245 8th Ave built?
32245 8th Ave was built in 1984.
How does 32245 8th Ave compare to others on 8th Ave?
We track 8 other properties on 8th Ave. Browse the list under "Other properties on 8th Ave" to compare beds, baths, and sale history.
What are the property facts for 32245 8th Ave?
32245 8th Ave is a 4 bed, 3 bath, 3,180 sqft, 7,819 sqft lot single_family.
Is 32245 8th Ave a flip candidate?
No — 32245 8th Ave does not appear in our flips dataset.
Is 32245 8th Ave a tax-appeal candidate?
No — 32245 8th 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
-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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