Great opportunity to build your dream home on this prime 19,600 SF lot in Federal Way! This cleared parcel is ready for development, and utilities are available on the street. It is situated halfway between the upcoming Star Lake and Federal Way Light Rail Transit Centers. Nearby the Commons at Federal Way shopping mall, Costco, and Target. This area is experiencing rapid growth, and the future light rail extension will enhance connectivity to major regional centers like Seattle-Tacoma International Airport and Downtown Seattle. Easy access to major highways I-5 and WA-99/509. Don't miss this exceptional chance to invest in your future! Reports available on request (Topographical, Soil Test, Structural & Tree Calculations, etc).
Sold
Listed by: Keller Williams Rlty Bellevue • Tuyet G. Luong
Bought with: Berkshire Hathaway HS NW
$165,000
2565 S 298th Street, Federal Way, WA 98003
--beds
--baths
0.45Acres
Unimproved Land
Built in ----
0.45 Acres Lot
$-- Zestimate®
$--/sqft
$1,893 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,893/mo
Zestimate® history
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$1,049/mo
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Cleared parcel
Zillow last checked:
Listing updated:
Offers reviewed: Jun 12
Listed by:
Tuyet G. Luong,
Keller Williams Rlty Bellevue,
Tuan Doan,
Keller Williams Rlty Bellevue
Bought with:
Daniel Sebryakov, 21005641
Berkshire Hathaway HS NW
Source: NWMLS as distributed by MLS GRID,MLS#: 2390608
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.45 Acres
- Features: Paved, Brush, Partially Cleared
- Topography: Level,See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 6602500015
- Zoning: RS7.2
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: In Street
- Water: In Street, See Remarks
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Steel Lake
Location
- Region: Federal Way
Financial & listing details
- Tax assessed value: $159,000
- Annual tax amount: $1,456
- Offers reviewed: 06/12/2025
- Date on market: 11/12/2024
- Cumulative days on market: 617 days
- Listing terms: Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $165,000-17.1% |
Source:  NWMLS as distributed by MLS GRID #2390608 Report a problem | ||
| 6/13/2025 | Pending sale | $199,000 |
Source: NWMLS as distributed by MLS GRID #2390608 Report a problem | ||
| 6/10/2025 | Listed for sale | $199,000-11.6% |
Source: NWMLS as distributed by MLS GRID #2390608 Report a problem | ||
| 6/22/2022 | Sold | $225,000-8.2% |
Source:  RMLS (OR) #22221095 Report a problem | ||
| 5/7/2022 | Pending sale | $245,000 |
Source: RMLS (OR) #22221095 Report a problem | ||
| 4/28/2022 | Listed for sale | $245,000 |
Source: RMLS (OR) #22221095 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,720 +18.1% | $159,000 +17.8% |
| 2024 | $1,456 -3.2% | $135,000 +9.8% |
| 2023 | $1,504 +4.3% | $123,000 -6.8% |
| 2022 | $1,442 -3% | $132,000 +10% |
| 2021 | $1,487 +8.3% | $120,000 +15.4% |
| 2020 | $1,374 +20.6% | $104,000 +18.2% |
| 2019 | $1,139 +8% | $88,000 +4.8% |
| 2018 | $1,055 -17.3% | $84,000 |
| 2017 | $1,276 -2.3% | $84,000 +5% |
| 2016 | $1,305 | $80,000 -12.1% |
| 2015 | $1,305 | $91,000 +7.1% |
| 2014 | $1,305 | $85,000 |
| 2013 | $1,305 | $85,000 |
| 2012 | -- | $85,000 -6.6% |
| 2011 | -- | $91,000 +99.6% |
| 2010 | -- | $45,600 |
| 2009 | -- | $45,600 |
| 2007 | -- | $45,600 |
| 2006 | -- | $45,600 |
| 2005 | -- | $45,600 |
| 2001 | $47 -5% | $45,600 |
| 2000 | $50 | $45,600 |
Find assessor info on the county website
Neighborhood: Steel Lake
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Nearby schools
GreatSchools rating
- 5/10Wildwood Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Wildwood Elem
- Middle: Sacajawea Jnr High
- High: Federal Way Snr 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.
- Washington
- King County
- Federal Way
- 98003
- Steel Lake
- 2565 S 298th Street
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