Sold220d on marketHistoric · 104 yrs
35806 1st Avenue S
Federal Way, WA, 98003 • 98003 • King County
$550,000
$196/sqft
3Beds
2Baths
2,810Sqft
0.92 acLot
1922Built
Property DNA
Territorial Views
Territorial
Character Home
Built 1922 · 104 years of history
Federal Way
98003
Outdoor Living
Dining Room · Fireplace
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
This home is getting attention
Listed 220 days ago · 10 views
Market activity
Demand and pricing signals for this listing
10 views
People checking out this listing
220 days on market
Established listing
$196/sqft
Price per square foot
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
Single Family · Built 1922 · Historic
Prime opportunity in a coveted location! Nestled on a near1-Acre lot, this exceptional property offers incredible potential for investors, developers, or visionary homeowners. Whether you're looking to renovate the existing home or start from scratch with a custom new build, this expansive and serene lot provides the perfect canvas. Located in a prime, Federal Way area, you're just minutes from shopping, schools, parks, and easy freeway access—making it an ideal and rare chance to capitalize on the value of land in a premium setting. Don’t miss this opportunity to create your dream home or a profitable investment. Opportunities like this don't come often—bring your vision and unlock the full potential of this great investment property!
Estimated monthly payment
Based on current rates
$3,424/month
Principal & Interest$2,691
Property Tax$550
Insurance$183
Down payment20% ($110,000)
3%50%
Est. 6.18% rate · 30yr fixed · $440,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1922
HeatingFireplace, Forced Air, Electric
CoolingNone
ParkingNone
Lot0.92 Acres
Offer Review Date2025-07-14
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1922
Stories1
Systems
HeatingFireplace, Forced Air, Electric
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: Lake Haven / Septic Tank, Sewer Connected
Parking & Outdoor
ParkingNone
BasementFinished
Fireplaces1
Lot0.92 Acres
Location & Tax
Neighborhood98003
ZoningSFR
Annual tax$5,578
Parcel2921049042
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Interior
Dining Room
Appliances
Dishwasher(s)
Microwave(s)
Flooring
Laminate
Carpet
Heating
Fireplace
Forced Air
Electric
Cooling
None
Fireplace
Wood Burning
Main Level: 1
Fireplace
Exterior Features
Parking
None
Construction
Wood Siding
Patio & Porch
Dining Room
Fireplace
Lot Features
Corner Lot
Paved
Views
Territorial
Room details
12 rooms detailed
Master Bedroom
Bedroom
MainBedroom
MainBathroom Full
Bathroom Full
MainOther
Listing insights
Market data and value estimates
StatusSold
Days on market220
Est. value$555,400
Est. rent$3,347/mo
Tax rate0.82%
Price/sqft$196
On marketSep 21, 2025
PostedJul 8, 2025
Last sold$550,000
MLS statusSold
MLS updatedSep 29, 2025
Tour days6
Views10
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98003
Price history
3 events
DateEventPrice$/sqftSource
Aug 29, 2025Sold$550,000$196NWMLS as distributed by MLS GRID
Jul 16, 2025Pending Sale$560,000$199NWMLS as distributed by MLS GRID
Jul 8, 2025Listed For Sale$560,000$199NWMLS as distributed by MLS GRID
Sold$550,000
Aug 29, 2025•$196/sqft•NWMLS as distributed by MLS GRID
Pending Sale$560,000
Jul 16, 2025•$199/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$560,000
Jul 8, 2025•$199/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$5,578$554,000
Apr 7, 2023$5,506$501,000
Apr 7, 2022$5,334$541,000
Apr 7, 2021$4,923$433,000
Apr 7, 2020$4,989$413,000
Apr 7, 2019$4,859$407,000
Apr 7, 2018$4,495$390,000
Apr 7, 2017$4,927$346,000
Apr 7, 2016$4,017$313,000
Apr 7, 2015$4,017$291,000
Apr 7, 2014$4,017$276,000
Apr 7, 2013$4,017$205,000
Apr 7, 2012—$208,000
Apr 7, 2011—$231,000
Apr 7, 2010—$279,000
Apr 7, 2009—$279,000
Apr 7, 2007—$279,000
Apr 7, 2006—$213,000
Apr 7, 2005—$197,000
Apr 7, 2001$1,596$117,000
Apr 7, 2000$1,587$112,000
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 2026-04-07 07:28:28 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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