32516 8th Ave
Federal Way, WA 98023
4 bd 3 ba 2,550 sqft Built 1985 Lot 8,170 sqft single_family
Most recent sale
$610,000
Sep 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 15, 2022 | Sold | $610,000 | MLS #1963237 |
| Aug 11, 2022 | Price changed | $640,000 | MLS #1963237 |
| Aug 6, 2022 | Price changed | $660,000 | MLS #1963237 |
| Jul 23, 2022 | Price changed | $690,000 | MLS #1963237 |
| Jul 18, 2022 | Price changed | $710,000 | MLS #1963237 |
| Jul 11, 2022 | Listed | $750,000 | MLS #1963237 |
| Apr 15, 2015 | Sold | $316,000 | Public Record |
| Feb 24, 2015 | Relisted | $329,000 | MLS #729376 |
| Jan 28, 2015 | Relisted | $329,000 | MLS #729376 |
| Jan 9, 2015 | Listed | $329,000 | MLS #729376 |
| Sep 11, 2014 | Price changed | $329,000 | MLS #671022 |
| Aug 26, 2014 | Price changed | $345,900 | MLS #671022 |
| Aug 6, 2014 | Price changed | $349,000 | MLS #671022 |
| Aug 5, 2014 | Listed | $345,000 | MLS #671022 |
| Apr 30, 2014 | Sold | $220,000 | MLS #575290 |
| Jan 31, 2014 | Price changed | $225,000 | MLS #575290 |
| Dec 19, 2013 | Listed | $239,000 | MLS #575290 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $519,000 | $173,000 | $692,000 | $6,626 |
| 2024 | $500,000 | $166,000 | $666,000 | $6,574 |
| 2023 | $496,000 | $154,000 | $650,000 | $6,370 |
| 2022 | $385,000 | $135,000 | $520,000 | $5,877 |
| 2021 | $380,000 | $101,000 | $481,000 | $5,783 |
| 2020 | $380,000 | $101,000 | $481,000 | $5,640 |
| 2019 | $373,000 | $101,000 | $474,000 | $5,215 |
| 2018 | $353,000 | $101,000 | $454,000 | $5,722 |
| 2017 | $311,000 | $92,000 | $403,000 | $5,187 |
| 2016 | $281,000 | $84,000 | $365,000 | $5,033 |
| 2015 | $259,000 | $80,000 | $339,000 | $4,187 |
| 2014 | $208,000 | $80,000 | $288,000 | $3,977 |
| 2013 | $171,000 | $76,000 | $247,000 | $4,122 |
| 2012 | $174,000 | $76,000 | $250,000 | $3,862 |
| 2011 | $201,000 | $79,000 | $280,000 | $3,663 |
| 2010 | $210,000 | $79,000 | $289,000 | $3,658 |
| 2009 | $269,000 | $79,000 | $348,000 | $3,831 |
| 2007 | $247,000 | $76,000 | $323,000 | $3,387 |
Property facts
Year built
1985
Property type
single_family
Stories
—
Beds
4
Baths
3
Living area
2,550 sqft
Lot size
8,170 sqft
ZIP code
98023
City
Federal Way
Street
8th Ave
Coordinates
47.31092, -122.34551
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,865
Gross rental yield
11.54%
Implied cap rate
7.50%
Trend-extrapolated value
—
Frequently asked questions
When did 32516 8th Ave last sell?
32516 8th Ave most recently sold on Sep 15, 2022 for $610,000.
What is the current tax assessment for 32516 8th Ave?
The most recent total assessment for 32516 8th Ave (year 2025) is $692,000 with $6,626 in property tax.
How does 32516 8th Ave's assessment compare to its last sale price?
The current assessment is 13.4% above the last sale price of $610,000.
When was 32516 8th Ave built?
32516 8th Ave was built in 1985.
How does 32516 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 32516 8th Ave?
32516 8th Ave is a 4 bed, 3 bath, 2,550 sqft, 8,170 sqft lot single_family.
Is 32516 8th Ave a flip candidate?
No — 32516 8th Ave does not appear in our flips dataset.
Is 32516 8th Ave a tax-appeal candidate?
No — 32516 8th Ave 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 8th Ave