Opportunity awaits in the Tall Firs community! Priced well below recent comparable sales, this 2-bedroom, 1.5-bath townhouse offers an excellent opportunity for investors or buyers looking to build instant equity. Desirable corner location with a functional two-story floor plan featuring LVP flooring on the main level, granite countertops throughout, soft-close kitchen cabinetry, bay window dining area, wood-burning fireplace, spacious primary bedroom with walk-in closet and attached vanity, plus a private fenced patio. Tall Firs offers outstanding amenities including a clubhouse, heated outdoor pool, hot tub, tennis, basketball and racquetball courts, all in a convenient Federal Way location with easy access to shopping, dining, parks, schools, and major commuting routes. No rental cap makes this an excellent investment opportunity.
Active
Listed by: Realty One Group Turn Key • Isaac Schaefer
$240,000
1721 SW 318th Place #48A, Federal Way, WA 98023
2beds
1,220sqft
Condominium
Built in 1978
-- sqft lot
$238,400 Zestimate®
$197/sqft
$832/mo HOA
What's special
Wood-burning fireplaceSoft-close kitchen cabinetryHeated outdoor poolPrivate fenced patioFunctional two-story floor planHot tubCorner location
- 4 days |
- 166 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Isaac Schaefer,
Realty One Group Turn Key
Source: NWMLS as distributed by MLS GRID,MLS#: 2552832
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Main Floor Closet, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Vinyl Plank, Carpet
- Windows: Insulated Windows
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,220
- Total interior livable area: 1,220 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, RV Parking, Uncovered, RV Parking
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Cooking-Electric, Dryer-Electric, End Unit, Fireplace, Ground Floor, Insulated Windows, Walk-In Closet(s), Washer, Water Heater
- Spa features: Community
Lot
- Features: Corner Lot, Cul-De-Sac, Curbs, Paved, Sidewalk
Details
- Parcel number: 8561101860
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Condo (2 Levels)
- Property subtype: Condominium
Materials
- Metal/Vinyl, Wood Products
- Roof: Composition
Condition
- Year built: 1978
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: PSE
- Sewer: Company: HOA
- Water: Company: HOA
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Athletic Court, Clubhouse, Fitness Center, Outside Entry, Pool, RV Parking, Sauna
- Subdivision: Federal Way
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Road Maintenance, Sewer, Water
- HOA fee: $832 monthly
- HOA phone: 206-268-3300
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $293,000
- Annual tax amount: $2,724
- Date on market: 7/9/2026
- Cumulative days on market: 6 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$238,400
$226,000 - $250,000
$2,295/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $240,000+10.1%$197/sqft |
Source:  NWMLS as distributed by MLS GRID #2552832 Report a problem | ||
| 5/15/2019 | Sold | $218,000+4.8%$179/sqft |
Source: NWMLS as distributed by MLS GRID #1411724 Report a problem | ||
| 4/15/2019 | Pending sale | $208,000$170/sqft |
Source: Berkshire Hathaway HS NW #1411724 Report a problem | ||
| 4/4/2019 | Price change | $208,000+1.5%$170/sqft |
Source: Berkshire Hathaway HS NW #1411724 Report a problem | ||
| 3/27/2019 | Pending sale | $205,000$168/sqft |
Source: Federal Way Office #1411724 Report a problem | ||
| 3/18/2019 | Price change | $205,000-1.9%$168/sqft |
Source: Federal Way Office #1411724 Report a problem | ||
| 3/12/2019 | Price change | $209,000-2.8%$171/sqft |
Source: Federal Way Office #1411724 Report a problem | ||
| 2/26/2019 | Price change | $215,000-1.8%$176/sqft |
Source: Federal Way Office #1411724 Report a problem | ||
| 2/18/2019 | Listed for sale | $219,000+27.3%$180/sqft |
Source: Federal Way Office #1411724 Report a problem | ||
| 6/15/2017 | Sold | $172,000-2.8%$141/sqft |
Source: NWMLS as distributed by MLS GRID #1097539 Report a problem | ||
| 5/11/2017 | Pending sale | $177,000$145/sqft |
Source: Kelly Right RE of Seattle LLC #1097539 Report a problem | ||
| 4/8/2017 | Listed for sale | $177,000$145/sqft |
Source: Kelly Right RE of Seattle LLC #1097539 Report a problem | ||
| 4/1/2017 | Pending sale | $177,000$145/sqft |
Source: Kelly Right RE of Seattle LLC #1097539 Report a problem | ||
| 3/31/2017 | Listed for sale | $177,000+74.2%$145/sqft |
Source: Kelly Right RE of Seattle LLC #1097539 Report a problem | ||
| 1/20/2017 | Sold | $101,600+3.9%$83/sqft |
Source: NWMLS as distributed by MLS GRID #1052991 Report a problem | ||
| 5/20/2016 | Sold | $97,798$80/sqft |
Source: Public Record Report a problem | ||
| 8/6/2015 | Sold | $97,798-11%$80/sqft |
Source: Public Record Report a problem | ||
| 3/28/2002 | Sold | $109,900$90/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,679 +4.8% | $293,000 -1.3% |
| 2024 | $3,509 +7% | $297,000 +0.7% |
| 2023 | $3,279 +22.2% | $295,000 +10.5% |
| 2022 | $2,684 +9.2% | $267,000 +25.9% |
| 2021 | $2,459 +0.4% | $212,000 +6.5% |
| 2020 | $2,450 +11.7% | $199,000 +10.6% |
| 2019 | $2,193 +12% | $180,000 +8.4% |
| 2018 | $1,958 -7.1% | $166,000 +14.5% |
| 2017 | $2,108 +44.5% | $145,000 +15.1% |
| 2016 | $1,459 | $126,000 +9.6% |
| 2015 | $1,459 | $115,000 +18.6% |
| 2014 | $1,459 | $97,000 +49.2% |
| 2013 | $1,459 | $65,000 -13.3% |
| 2012 | -- | $75,000 -38% |
| 2011 | -- | $121,000 -21.4% |
| 2010 | -- | $154,000 |
| 2009 | -- | $154,000 -0.6% |
| 2007 | -- | $155,000 +18.3% |
| 2006 | -- | $131,000 +5.6% |
| 2005 | -- | $124,000 +47.1% |
| 2001 | $1,161 +16.3% | $84,300 +22.2% |
| 2000 | $998 | $69,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lake Ota
Nearby schools
GreatSchools rating
- 4/10Adelaide Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Adelaide Elem
- Middle: Lakota Mid Sch
- High: Decatur High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $316,5003 bd2 ba1.4k sqft1710 SW 318th Pl #44D, Federal Way, WA 98023For Sale
- $299,0002 bd2 ba1.1k sqft1725 SW 318th Pl #49A, Federal Way, WA 98023For Sale
- $320,0003 bd2 ba1.4k sqft2024 SW 318th Pl #2A, Federal Way, WA 98023Sold
- $252,0002 bd2 ba1.2k sqft2011 SW 318th Pl #6C, Federal Way, WA 98023Sold
- $284,9002 bd2 ba1.2k sqft2007 SW 318th Pl #7A, Federal Way, WA 98023For Sale
- $290,0002 bd2 ba1.2k sqft2007 SW 318th Pl #7C, Federal Way, WA 98023Sold
- $320,0002 bd2 ba1.2k sqft1934 SW 318th Pl #10D, Federal Way, WA 98023Sold
- $375,0003 bd2 ba1.4k sqft1926 SW 318th Pl #12D, Federal Way, WA 98023Sold
A local agent can set up tours, give advice and negotiate with sellers.
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