New Price Alert – Now $799,000! Opportunity knocks with this move-in ready home on 1.03 private acres in Federal Way. Featuring fresh paint, new carpet, updated windows, and a versatile layout, this home is designed for flexibility and comfort. The bonus room with private entrance is perfect for multi-generational living, a home business, or rental potential. Enjoy a Jacuzzi tub, walk-in pantry, and two large storage sheds offering plenty of space. Whether you're looking to expand or enjoy the open space, this rare oversized lot offers endless possibilities. Located minutes from schools, parks, shopping, and I-5 for an easy commute. Exceptional value at $799K—don’t wait, schedule your private tour today!
SiteFeatures: High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,RV Parking
MLSLotSizeSource: Rainier Title & Escrow Company
MLSSquareFootageSource: Rainier Title & Escrow Company
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Tax Info
Year: 2025
Tax Annual Amount: 7946.82
Multi Family
EnergySource: Electric
MLS Schools
Elementary School: Adelaide Elem
Map
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
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First American
First American
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Quantarium
Quantarium
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2024
$7,947
$805,000
$287,000
$518,000
2023
$7,909
$728,000
$260,000
$468,000
2022
$7,151
$785,000
$265,000
$520,000
2021
$6,510
$636,000
$241,000
$395,000
2020
$6,223
$543,000
$222,000
$321,000
2018
$5,805
$448,000
$143,000
$305,000
2017
$5,215
$409,000
$134,000
$275,000
2016
$5,120
$367,000
$134,000
$233,000
2015
$4,684
$345,000
$125,000
$220,000
2014
--
$323,000
$117,000
$206,000
2013
--
$294,000
$112,000
$182,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
07/24/202507/24/25
Pending
--
--
--
07/11/202507/11/25
Price Changed
$799,000
-3.6%
$267 / Sq Ft
06/27/202506/27/25
Price Changed
$829,000
-1.9%
$277 / Sq Ft
06/17/202506/17/25
Price Changed
$845,000
-3.4%
$283 / Sq Ft
06/08/202506/08/25
Price Changed
$875,000
-2.7%
$293 / Sq Ft
05/09/202505/09/25
For Sale
$899,000
--
$301 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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This home is located at 1851 SW 304th St, Federal Way, WA 98023 and is currently priced at $799,000, approximately $267 per square foot. This property was built in 1981. 1851 SW 304th St is a home located in King County with nearby schools including Adelaide Elementary School, Lakota Middle School, and Decatur High School.
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