Google street view image for 721 SW 312th St, Federal Way, WA 98023

Off market oct 1980 for $79K

$640,372

Est. refi paymentEst. refi $483/mo

•

2 ba

•

2,090

sq ft

721 SW 312th St, Federal Way, WA 98023

About this home

721 SW 312th St is a 2,090 square foot multi-family home on a 10,374 square foot lot with 4 bedrooms and 2 bathrooms. - it last sold on October 02, 1980 for $79,000. Based on Redfin's Federal Way data, we estimate the home's value is $640,372.

Multi-familyProperty Type

1959Year Built

10,374 sq ftLot Size

$306Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$640,372

$561K since sold in October 1980$9,000 since September

Recently sold homes
Estimate history

This home's estimate is 2.5% lower than the average sale price ($657K) of 6 comparable homes.

SOLD OCT 8, 2026
$635,000
A
3 beds2 baths1,840 sq ft
529 S 302nd St, Federal Way, WA 98003
Listing provided by nwmls
SOLD AUG 28, 2026
$615,000
B
3 beds2 baths2,190 sq ft
143 S 297th Pl, Federal Way, WA 98003
Listing provided by nwmls
SOLD JUL 27, 2026
$610,000
C
4 beds2 baths2,020 sq ft
29718 3rd Ave S, Federal Way, WA 98003
Listing provided by nwmls
SOLD SEP 22, 2026
$799,950
D
4 beds2.5 baths2,330 sq ft
308 S 296th Pl, Federal Way, WA 98003
Listing provided by nwmls
SOLD AUG 18, 2026
$635,000
E
4 beds2.5 baths2,110 sq ft
604 S 302nd St, Federal Way, WA 98003
Listing provided by nwmls
SOLD DEC 26, 2025
$645,000
F
4 beds2 baths2,500 sq ft
528 S 302nd St, Federal Way, WA 98003
Listing provided by nwmls

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Earn from this home

Sell

$593,655

Est. take-home

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Est. cash available

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Market trends in 98023, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$625K

$4K MoM

Avg. days on market

24d

6 days MoM

Recently sold homes

130

4 MoM

New listings for sale

NEW
$675,000
4 beds2.5 baths2,190 sq ft
811 SW 328th Ct, Federal Way, WA 98023
Rhonda Bleck • HomeSmart Real Estate Assoc
COMING SOON
$689,000
3 beds2.5 baths1,900 sq ft
2723 SW 349th Pl, Federal Way, WA 98023
Christopher Floyd • Morrison House Sotheby's Intl
COMING SOON
$725,000
4 beds2.5 baths2,114 sq ft
181 SW 311th Pl, Federal Way, WA 98023
Michelle Le • Real Broker LLC
OPEN SAT, 1PM TO 3PM
$744,900
4 beds2.5 baths2,650 sq ft
709 SW 323rd St, Federal Way, WA 98023
Heather Heinzen • Coldwell Banker Danforth
OPEN SAT, 12PM TO 2PM
$639,950
4 beds3 baths1,970 sq ft
2841 SW 342nd St, Federal Way, WA 98023
Bryce Ancheta • BHGRE - Northwest Home Team
EARLY ACCESS
$398,800
3 beds2 baths1,219 sq ft
1018 SW 312th St #531, Federal Way, WA 98023
$225,000
3 beds1.5 baths993 sq ft
32110 45th Pl SW Unit B-4, Federal Way, WA 98023
Stanley Yeadon • Better Properties Kitsap
OPEN TODAY, 2PM TO 5PM
$749,900
4 beds2.5 baths2,910 sq ft
209 SW 331st Pl, Federal Way, WA 98023
Sun Kim • Century 21 Real Estate Center
3D WALKTHROUGH
$850,000
4 beds3 baths3,010 sq ft
408 SW 336th Ct, Federal Way, WA 98023
Carla Clark • KW Mountains to Sound Realty
OPEN SAT, 12PM TO 2PM
$789,000
4 beds3 baths3,000 sq ft
33240 2nd Pl SW, Federal Way, WA 98023
Andrea George • John L. Scott R.E. Lake Tapps
See all

Provided by Redfin

Sale history for 721 SW 312th St

Year

Property tax

Land + Additions

Assessment*

2026

$7,275 (+5.8%)

$184,000 + $538,000

$722,000

2025

$6,877 (−0.4%)

$184,000 + $538,000

$722,000

2024

$6,903 (+25.2%)

$184,000 + $515,000

$699,000

2023

$5,514 (+9.3%)

$166,000 + $467,000

$633,000

2022

$5,043 (−10.8%)

$151,000 + $409,000

$560,000

2021

$5,655 (+8.3%)

$121,000 + $323,000

$444,000

2020

$5,220 (+8.3%)

$123,000 + $347,000

$470,000

2019

$4,821 (−8.9%)

$99,000 + $320,000

$419,000

2018

$5,289 (+17.5%)

$99,000 + $320,000

$419,000

2017

$4,503 (+12.6%)

$90,000 + $282,000

$372,000

2016

$3,999 (+8.0%)

$82,000 + $234,000

$316,000

2015

$3,704 (−0.1%)

$79,000 + $189,000

$268,000

2014

$3,709 (+2.4%)

$79,000 + $175,000

$254,000

2013

$3,622 (+8.7%)

$92,000 + $138,000

$230,000

2012

$3,330 (−3.3%)

$92,000 + $127,000

$219,000

2011

$3,445 (−0.8%)

$123,000 + $140,000

$263,000

2010

$3,473 (−22.2%)

$123,000 + $151,000

$274,000

2009

$4,466

$149,000 + $258,000

$407,000

Tax history for 721 SW 312th St

Year

Property tax

Land + Additions

Assessment*

2026

$7,275 (+5.8%)

$184,000 + $538,000

$722,000

2025

$6,877 (−0.4%)

$184,000 + $538,000

$722,000

2024

$6,903 (+25.2%)

$184,000 + $515,000

$699,000

2023

$5,514 (+9.3%)

$166,000 + $467,000

$633,000

2022

$5,043 (−10.8%)

$151,000 + $409,000

$560,000

2021

$5,655 (+8.3%)

$121,000 + $323,000

$444,000

2020

$5,220 (+8.3%)

$123,000 + $347,000

$470,000

2019

$4,821 (−8.9%)

$99,000 + $320,000

$419,000

2018

$5,289 (+17.5%)

$99,000 + $320,000

$419,000

2017

$4,503 (+12.6%)

$90,000 + $282,000

$372,000

2016

$3,999 (+8.0%)

$82,000 + $234,000

$316,000

2015

$3,704 (−0.1%)

$79,000 + $189,000

$268,000

2014

$3,709 (+2.4%)

$79,000 + $175,000

$254,000

2013

$3,622 (+8.7%)

$92,000 + $138,000

$230,000

2012

$3,330 (−3.3%)

$92,000 + $127,000

$219,000

2011

$3,445 (−0.8%)

$123,000 + $140,000

$263,000

2010

$3,473 (−22.2%)

$123,000 + $151,000

$274,000

2009

$4,466

$149,000 + $258,000

$407,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 600
Basement Finish: Finished
Basement Type: Daylight

Bathroom Information
# of Full Baths: 1
# of 3/4 Baths: 1

Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 2
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Building Construction Quality: Average
Building Type: Duplex
Building Improvement Type: Duplex

View Information
View: Lake

Property Information
Subdivision Name: MIRROR LAKE
Living Sq. Ft: 2,090
Ground Floor Sq. Ft: 1,690
Building Sq. Ft: 2,290
# of Stories: 1
Legal Description: MIRROR LAKE UNREC POR OF LOT 12 & VAC RD ADJ LY SELY OF LN DAF - BEG AT CTR OF SEC 7-21-4 TH S 00-43-20 E ALG MID-SEC LN 30 FT TH N 89-22 E PLW E-W QTR SEC LN 98.98 FT TH S 73-45 E 78.78 FT TO TPOB OF SD DESC LN TH N 14-28-10 E 62.72 FT M/L TO SLY MGN OF SW 312TH ST & TERMINUS OF SD DESC LN - TGW UND 1/51 INT IN LAKE PLAT BLOCK: PLAT LOT: 12

Lot Information
# of Buildings: 1
Land Sq. Ft: 10,374
Legal Lot Number: 12
School Tax District: FEDERAL WAY #210
Municipality Name: FEDERAL WAY
Acres: 0.2382
Zoning Code: RS7.2
County Use Description: DUPLEX

Utility Information
Sewer Type: Public
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 2,090
Stories: 1.0
Lot Size: 10,374 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1959
Year Renovated: —
County: King County
APN: 555920 0060

Home facts updated by county records on Sep 5, 2026

Around this home

Schools

Lake Grove Elementary School

Public PreK-5 • Assigned • 0.3mi

2/10

Lakota Middle School

Public 6-8 • Assigned • 0.5mi

5/10

Federal Way Senior High School

Public 9-12 • Assigned • 1.4mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Federal Way, WA • 98023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$609,000 – $737,000

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New listings for sale in 98023

NEW

$675,000

4 beds2.5 baths2,190 sq ft

811 SW 328th Ct, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

COMING SOON

$689,000

3 beds2.5 baths1,900 sq ft

2723 SW 349th Pl, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

COMING SOON

$725,000

4 beds2.5 baths2,114 sq ft

181 SW 311th Pl, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

OPEN SAT, 1PM TO 3PM3D WALKTHROUGH

$744,900

4 beds2.5 baths2,650 sq ft

709 SW 323rd St, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

OPEN SAT, 12PM TO 2PM

$639,950

4 beds3 baths1,970 sq ft

2841 SW 342nd St, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

EARLY ACCESSCOMPASS COMING SOON

$398,800

3 beds2 baths1,219 sq ft

1018 SW 312th St #531, Federal Way, WA 98023

$225,000

3 beds1.5 baths993 sq ft

32110 45th Pl SW Unit B-4, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

OPEN TODAY, 2PM TO 5PM3D WALKTHROUGH

$749,900

4 beds2.5 baths2,910 sq ft

209 SW 331st Pl, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

$850,000

4 beds3 baths3,010 sq ft

408 SW 336th Ct, Federal Way, WA 98023

Listing provided by NWMLS as Distributed by MLS Grid

Home values near 721 SW 312th St

Data from public records.

Address	Redfin Estimate
621 Southwest 312th St, Federal Way, WA 5 Beds \| 1 Baths \| 1900 Sq. Ft.	$532,148
605 Southwest 312th St, Federal Way, WA 3 Beds \| 2.5 Baths \| 2480 Sq. Ft.	$658,720

Address	Redfin Estimate
719 Southwest 312th St, Federal Way, WA 3 Beds \| 2 Baths \| 2180 Sq. Ft.	$693,009
627 Southwest 312th St, Federal Way, WA 4 Beds \| 2 Baths \| 2520 Sq. Ft.	$668,065

Address	Redfin Estimate
705 Southwest 312th St, Federal Way, WA 2 Beds \| 1 Baths \| 840 Sq. Ft.	$398,877
708 Southwest 312th St, Federal Way, WA 3 Beds \| 1.5 Baths \| 1430 Sq. Ft.	$509,534

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98023, WA

Sale history for 721 SW 312th St

Tax history for 721 SW 312th St

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98023

Home values near 721 SW 312th St

More real estate resources