NOT LISTED FOR SALE

31448 7th Place SW Federal Way, WA 98023

Mirror Lake Neighborhood

Estimated Value: $678,000 - $767,780

3 Beds
2 Baths
2,000 Sq Ft
$357/Sq Ft Est. Value

About This Home

Property Id: 2094491

This rare lakefront home sits on a 1/2-acre lot with private access to a clean, spring-fed lake perfect for kayaking, swimming, paddleboarding, and fishing. Located near Seattle, Tacoma, and Sea-Tac Airport, with Federal Way Light Rail arriving in early 2026!
No garage, but plenty of parking
Outdoor Amenities
•Private sandy beach with zero-entry lake access
•3-season covered deck overlooking the lake and beautiful yard
•Dock and floating dock (able to be anchored 100ft from shore and used as a swimming platform)
•Large top yard with space for volleyball, badminton, soccer/baseball
practice (12-ft nets included)
•Quiet, scenic surroundings great for nature lovers and families (ducks, turtles, bald eagle and more)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2015
Sold by
Hebert Chance R and Hebert Mary E
Bought by
Trainer Ryan and Hebert Trainer Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,400
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 1989
Sold by
Hanna Evellyn
Bought by
Hebert Chance R and Hebert Mary E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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

Purchase History

Date Buyer Sale Price Title Company
Trainer Ryan $343,000 First American
Hebert Chance R $107,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trainer Ryan $274,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Rent $3,400 -- --

Tax History Compared to Growth

Source: Public Records

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 $6,517 $661,000 $284,000 $377,000
2023 $6,543 $599,000 $256,000 $343,000
2022 $4,780 $530,000 $233,000 $297,000
2021 $6,135 $420,000 $186,000 $234,000
2020 $5,663 $511,000 $180,000 $331,000
2018 $5,750 $456,000 $143,000 $313,000
2017 $4,894 $405,000 $130,000 $275,000
2016 $4,349 $344,000 $119,000 $225,000
2015 $4,031 $292,000 $114,000 $178,000
2014 -- $277,000 $114,000 $163,000
2013 -- $201,000 $92,000 $109,000
Source: Public Records

Map

Washington King County Federal Way 98023 Mirror Lake

31448 7th Place SW, Federal Way, WA

This home is located at 31448 7th Place SW, Federal Way, WA 98023 and is currently estimated at $714,195, approximately $357 per square foot. 31448 7th Place SW is a home located in King County with nearby schools including Lake Grove Elementary School, Lakota Middle School, and Federal Way High School.

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