Prime opportunity in a coveted location! Nestled on a near1-Acre lot, this exceptional property offers incredible potential for investors, developers, or visionary homeowners. Whether you're looking to renovate the existing home or start from scratch with a custom new build, this expansive and serene lot provides the perfect canvas. Located in a prime, Federal Way area, you're just minutes from shopping, schools, parks, and easy freeway access—making it an ideal and rare chance to capitalize on the value of land in a premium setting. Don’t miss this opportunity to create your dream home or a profitable investment. Opportunities like this don't come often—bring your vision and unlock the full potential of this great investment property!
Sold
Listed by: Berkshire Hathaway HS NW
Bought with: Berkshire Hathaway HS NW
$550,000
35806 1st Avenue S, Federal Way, WA 98003
3beds
2,810sqft
Single Family Residence
Built in 1922
0.92 Acres Lot
$533,400 Zestimate®
$196/sqft
$3,491 Estimated rent
Home value
$533,400
$491,000 - $581,000
$3,491/mo
Zestimate® history
Owner options
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$3,491/mo
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$3,491/mo
Rent Zestimate®
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$3,326/mo
Est. payment
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$3,326/mo
Est. payment
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Expansive and serene lot
Zillow last checked:
Listing updated:
Offers reviewed: Jul 14
Listed by:
Mary King,
Berkshire Hathaway HS NW
Bought with:
Aleksander Prokhor, 117180
Berkshire Hathaway HS NW
Source: NWMLS as distributed by MLS GRID,MLS#: 2402686
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher(s), Microwave(s)
Features
- Dining Room
- Flooring: Laminate, Carpet
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,810
- Total interior livable area: 2,810 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dining Room, Fireplace
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.92 Acres
- Features: Corner Lot, Paved
Details
- Parcel number: 2921049042
- Zoning: SFR
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block, Poured Concrete
- Roof: Composition
Condition
- Year built: 1922
- Major remodel year: 1922
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Sewer Connected
- Water: Public, Company: Lake Haven
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Federal Way
Other
Other facts
- Listing terms: Conventional,Rehab Loan
- Cumulative days on market: 188 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $550,000-1.8%$196/sqft |
Source:  NWMLS as distributed by MLS GRID #2402686 Report a problem | ||
| 7/16/2025 | Pending sale | $560,000$199/sqft |
Source: NWMLS as distributed by MLS GRID #2402686 Report a problem | ||
| 7/8/2025 | Listed for sale | $560,000$199/sqft |
Source: NWMLS as distributed by MLS GRID #2402686 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,320 -4.6% | $512,000 -7.6% |
| 2024 | $5,578 +1.3% | $554,000 +10.6% |
| 2023 | $5,506 +3.2% | $501,000 -7.4% |
| 2022 | $5,334 +8.3% | $541,000 +24.9% |
| 2021 | $4,923 -1.3% | $433,000 +4.8% |
| 2020 | $4,989 +2.7% | $413,000 +1.5% |
| 2019 | $4,859 +8.1% | $407,000 +4.4% |
| 2018 | $4,495 -8.8% | $390,000 +12.7% |
| 2017 | $4,927 +22.7% | $346,000 +10.5% |
| 2016 | $4,017 | $313,000 +7.6% |
| 2015 | $4,017 | $291,000 +5.4% |
| 2014 | $4,017 | $276,000 +34.6% |
| 2013 | $4,017 | $205,000 -1.4% |
| 2012 | -- | $208,000 -10% |
| 2011 | -- | $231,000 -17.2% |
| 2010 | -- | $279,000 |
| 2009 | -- | $279,000 |
| 2007 | -- | $279,000 +31% |
| 2006 | -- | $213,000 +8.1% |
| 2005 | -- | $197,000 +68.4% |
| 2001 | $1,596 +0.5% | $117,000 +4.5% |
| 2000 | $1,587 | $112,000 |
Find assessor info on the county website
Neighborhood: 98003
Nearby schools
GreatSchools rating
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 0.3 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 0.9 mi
- 5/10Enterprise Elementary SchoolGrades: PK-5Distance: 0.6 mi
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Estimated market value
$533,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$533,400
- Washington
- King County
- Federal Way
- 98003
- 35806 1st Avenue S
Nearby cities
Nearby neighborhoods
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