28434 Military Rd S Federal Way, WA 98003
Estimated payment $2,923/month
About This Lot
Attention Builders/Developers/Investors: 1 acre of residential zone 7200/lot (RS7.2). All utilities: Sewer, Electricity, Water and even GAS are on the property. There is an existing small house on the lot that has been burned down. The house has all utilities connected though. Excellent opportunity to subdivide with all utilities already on the lot. Federal Way is growing. With smaller density zoning, you maybe able to get more lots on this 1 acre piece of land than the current zoning of 7200 sf/lot. Just blocks to I-5 and the new transist station. Owner-Finance with 50% down.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2361332
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,527
Lot Details
- 1.05 Acre Lot
- Level Lot
Schools
- Valhalla Elementary School
- Kilo Jnr High Middle School
- Thomas Jefferson Hig High School
Community Details
- No Home Owners Association
- Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 3322049086
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax 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 | $2,527 | $238,000 | $218,000 | $20,000 |
| 2023 | $2,500 | $217,000 | $199,000 | $18,000 |
| 2022 | $2,860 | $319,000 | $218,000 | $101,000 |
| 2021 | $2,614 | $245,000 | $199,000 | $46,000 |
| 2020 | $2,468 | $210,000 | $172,000 | $38,000 |
| 2018 | $2,516 | $192,000 | $139,000 | $53,000 |
| 2017 | $2,331 | $173,000 | $139,000 | $34,000 |
| 2016 | $2,458 | $160,000 | $133,000 | $27,000 |
| 2015 | $2,285 | $162,000 | $110,000 | $52,000 |
| 2014 | -- | $154,000 | $102,000 | $52,000 |
| 2013 | -- | $130,000 | $102,000 | $28,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Price Changed | $490,000 | -2.0% | $875 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $500,000 | -- | $893 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $458,000 | Fidelity National Title | |
| Warranty Deed | $230,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $342,000 | New Conventional | |
| Closed | $587,200 | Construction | |
| Previous Owner | $176,000 | No Value Available |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2361332
APN: 332204-9086
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