Sold281d on market
2565 S 298th Street
Federal Way, WA, 98003 • Steel Lake • King County
$165,000
0.45 acLot
Property DNA
Territorial Views
Territorial
Steel Lake
Steel Lake
This home is getting attention
Listed 281 days ago · 2 views
Market activity
Demand and pricing signals for this listing
2 views
People checking out this listing
281 days on market
Established listing
Selling Soon Prediction
HighThis home ranks in the top 15% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Lot
Great opportunity to build your dream home on this prime 19,600 SF lot in Federal Way! This cleared parcel is ready for development, and utilities are available on the street. It is situated halfway between the upcoming Star Lake and Federal Way Light Rail Transit Centers. Nearby the Commons at Federal Way shopping mall, Costco, and Target. This area is experiencing rapid growth, and the future light rail extension will enhance connectivity to major regional centers like Seattle-Tacoma International Airport and Downtown Seattle. Easy access to major highways I-5 and WA-99/509. Don't miss this exceptional chance to invest in your future! Reports available on request (Topographical, Soil Test, Structural & Tree Calculations, etc).
Estimated monthly payment
Based on current rates
$1,067/month
Principal & Interest$847
Property Tax$165
Insurance$55
Down payment20% ($33,000)
3%50%
Est. 6.65% rate · 30yr fixed · $132,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerIn Street, See Remarks / In Street
Parking & Outdoor
Lot0.45 Acres
Location & Tax
NeighborhoodSteel Lake
ZoningRS7.2
Annual tax$1,456
Parcel6602500015
Features & details
4 categories of property features
Exterior Features
Lot Features
Paved
Brush
Partially Cleared
Views
Territorial
Utilities
Electricity Available
Gas
Not Available
Listing insights
Market data and value estimates
StatusSold
Days on market281
Est. rent$1,893/mo
Tax rate0.82%
On marketNov 13, 2024
PostedJun 10, 2025
Last sold$165,000
MLS statusSold
MLS updatedJul 31, 2025
Tour days6
Views2
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
6 events
DateEventPrice$/sqftSource
Jun 30, 2025Sold$165,000—NWMLS as distributed by MLS GRID
Jun 13, 2025Pending Sale$199,000—NWMLS as distributed by MLS GRID
Jun 10, 2025Listed For Sale$199,000—NWMLS as distributed by MLS GRID
Jun 22, 2022Sold$225,000—RMLS (OR)
May 7, 2022Pending Sale$245,000—RMLS (OR)
Apr 28, 2022Listed For Sale$245,000—RMLS (OR)
Sold$165,000
Jun 30, 2025•NWMLS as distributed by MLS GRID
Pending Sale$199,000
Jun 13, 2025•NWMLS as distributed by MLS GRID
Listed For Sale$199,000
Jun 10, 2025•NWMLS as distributed by MLS GRID
Sold$225,000
Jun 22, 2022•RMLS (OR)
Pending Sale$245,000
May 7, 2022•RMLS (OR)
Listed For Sale$245,000
Apr 28, 2022•RMLS (OR)
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$1,456$135,000
Apr 8, 2023$1,504$123,000
Apr 8, 2022$1,442$132,000
Apr 8, 2021$1,487$120,000
Apr 8, 2020$1,374$104,000
Apr 8, 2019$1,139$88,000
Apr 8, 2018$1,055$84,000
Apr 8, 2017$1,276$84,000
Apr 8, 2016$1,305$80,000
Apr 8, 2015$1,305$91,000
Apr 8, 2014$1,305$85,000
Apr 8, 2013$1,305$85,000
Apr 8, 2012—$85,000
Apr 8, 2011—$91,000
Apr 8, 2010—$45,600
Apr 8, 2009—$45,600
Apr 8, 2007—$45,600
Apr 8, 2006—$45,600
Apr 8, 2005—$45,600
Apr 8, 2001$47$45,600
Apr 8, 2000$50$45,600
Nearby homes
Neighborhood details
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98003980239806398093
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Based on information submitted to the MLS GRID as of 2026-04-07 17:53:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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