Sold643d on market
1525 SW 341st Place
Federal Way, WA, 98023 • 98023 • King County
$2,000,000
8.5 acLot
Property DNA
Federal Way
98023
Market activity
Demand and pricing signals for this listing
643 days on market
Established listing
About this home
Lot
Attention developers and builders! One of the last larger plats of land available in South King County. Perfectly located right in the heart of Federal Way, WA this acreage is ideal for development. With strong resale numbers and new construction still in short supply the future of this tract of land has strong potential. The site consists of two tax parcels and is approximately 8.46 Acres. Gentle sloping topography and wooded landscape make for a park like feel. Some wetlands to the north could be used for wetlands banking. Close to all types of services and within minutes of I-5 and future Sound Transit light rail. Storm, Sewer & Utilities available on site.
Estimated monthly payment
Based on current rates
$12,454/month
Principal & Interest$9,787
Property Tax$2,000
Insurance$667
Down payment20% ($400,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,600,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerAvailable / In Street
Parking & Outdoor
Lot8.46 Acres
Location & Tax
Neighborhood98023
Annual tax$3,188
Parcel1921049018
Features & details
2 categories of property features
Exterior Features
Utilities
Natural Gas Available
Electricity Available
Gas
Available
Listing insights
Market data and value estimates
StatusSold
Days on market643
Est. rent$2,715/mo
Tax rate0.82%
On marketNov 14, 2023
PostedDec 8, 2022
Last sold$2,000,000
MLS statusSold
MLS updatedJul 3, 2024
Tour days6
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
11 events
DateEventPrice$/sqftSource
Jul 3, 2024Sold$2,000,000—NWMLS as distributed by MLS GRID
Apr 2, 2021Listing Removed——Windermere Real Estate
Nov 6, 2020Listed For Sale$2,095,000—Windermere Real Estate/West Campus, Inc.
Jul 6, 2020Pending Sale$2,095,000—Windermere Real Estate/West Campus, Inc.
Oct 2, 2018Listed For Sale$2,095,000—Windermere Real Estate/West Campus, Inc.
Aug 18, 2018Pending Sale$2,095,000—Windermere Real Estate/West Campus, Inc.
Jun 7, 2018Listed For Sale$2,095,000—Windermere Real Estate/West Campus, Inc.
May 2, 2018Listing Removed$2,095,000—Windermere Real Estate/West Campus, Inc.
Nov 23, 2016Price Change$2,095,000—Windermere Real Estate/West Campus, Inc.
May 24, 2016Listed For Sale$2,300,000—Windermere Real Estate/West Campus, Inc.
Jun 22, 2004Sold$200,000—Public Record
Sold$2,000,000
Jul 3, 2024•NWMLS as distributed by MLS GRID
Listing Removed—
Apr 2, 2021•Windermere Real Estate
Listed For Sale$2,095,000
Nov 6, 2020•Windermere Real Estate/West Campus, Inc.
Pending Sale$2,095,000
Jul 6, 2020•Windermere Real Estate/West Campus, Inc.
Listed For Sale$2,095,000
Oct 2, 2018•Windermere Real Estate/West Campus, Inc.
Pending Sale$2,095,000
Aug 18, 2018•Windermere Real Estate/West Campus, Inc.
Listed For Sale$2,095,000
Jun 7, 2018•Windermere Real Estate/West Campus, Inc.
Listing Removed$2,095,000
May 2, 2018•Windermere Real Estate/West Campus, Inc.
Price Change$2,095,000
Nov 23, 2016•Windermere Real Estate/West Campus, Inc.
Listed For Sale$2,300,000
May 24, 2016•Windermere Real Estate/West Campus, Inc.
Sold$200,000
Jun 22, 2004•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$3,188$324,000
Apr 8, 2023$3,062$270,000
Apr 8, 2022$3,033$299,000
Apr 8, 2021$3,047$262,000
Apr 8, 2020$2,790$225,000
Apr 8, 2019$2,738$225,000
Apr 8, 2018$2,641$225,000
Apr 8, 2017$2,963$205,000
Apr 8, 2016$2,641$187,000
Apr 8, 2015$2,641$179,000
Apr 8, 2014$2,641$179,000
Apr 8, 2013$2,641$119,000
Apr 8, 2012—$119,000
Apr 8, 2011—$132,000
Apr 8, 2010—$226,000
Apr 8, 2009—$226,000
Apr 8, 2007—$226,000
Apr 8, 2006—$212,000
Apr 8, 2005—$196,000
Apr 8, 2001$1,960$145,000
Apr 8, 2000$1,951$139,000
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 2026-04-08 02:44:38 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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