31000 18th Ave S Federal Way, WA 98003
Enchanted Village NeighborhoodEstimated payment $18,535/month
About This Lot
Excellent location within walking distance to the Federal Way Transit Center and the upcoming Light Rail Station. Zoning: BC (Business commercial) Lot Size: Approx. 200’ x 200’ (square lot) Development Potential: Mixed-use building up to 65 ft in height Extended-stay type projects up to 45–46 ft in height -detail to be verified Multiple other options available under current zoning Some concept designs are available through the listing agent. The property offers great visibility from Pacific Hwy S and is situated near the heart of Federal Way, making it an attractive opportunity for investors and developers. Listing agent is part owner of the property.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2427173
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,558
Lot Details
- 0.92 Acre Lot
- Zoning described as Commercial
Community Details
- No Home Owners Association
- Federal Way Subdivision
Listing and Financial Details
- Assessor Parcel Number 7853600160
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 | $10,558 | $1,120,000 | $1,120,000 | -- |
| 2023 | $9,596 | $880,000 | $880,000 | $0 |
| 2022 | $7,260 | $720,000 | $720,000 | $0 |
| 2021 | $7,705 | $640,000 | $640,000 | $0 |
| 2020 | $6,759 | $640,000 | $640,000 | $0 |
| 2018 | $6,905 | $480,000 | $480,000 | $0 |
| 2017 | $5,781 | $480,000 | $480,000 | $0 |
| 2016 | $5,444 | $400,000 | $400,000 | $0 |
| 2015 | $5,313 | $360,000 | $360,000 | $0 |
| 2014 | -- | $360,000 | $360,000 | $0 |
| 2013 | -- | $360,000 | $360,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2025 08/31/25 | For Sale | $3,330,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Chicago Title Insurance Co | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $32,100 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Seller Take Back |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2427173
APN: 785360-0160
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Based on information submitted to the MLS GRID
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