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    • Listed by: Keller Williams Greater 360 • Samantha Huntley
    Bought with: COMPASS
    $550,000

    37226 1st Avenue SW, Federal Way, WA 98023

    2beds
    940sqft
    Single Family Residence
    Built in 1943
    0.76 Acres Lot
    $534,000 Zestimate®
    $585/sqft
    $2,516 Estimated rent

    Home value

    $534,000

    $491,000 - $582,000

    $2,516/mo

    Zestimate® history
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    What's special

    Fruit treesHuge backyardFire pitCovered porch
    Enjoy the perfect blend of privacy and convenience in this beautifully remodeled home on a large, peaceful, fully fenced lot with an automatic gate. The bonus 300sqft finished studio is perfect for guests, a home office or extra living. This home features a gorgeous kitchen with granite counters, open living/dining space, and stylish updates throughout. Relax on the covered porch and take advantage of the huge backyard, fire pit, fruit trees and RV/boat parking. Just minutes to shopping and freeway access. This gem is a must see! Assumable 2.25% VA loan available for qualified buyers.

    Zillow last checked:

    Listing updated:

    Listed by:

    Samantha Huntley,

    Keller Williams Greater 360

    Bought with:

    Jesse Misener, 136286

    COMPASS

    Source: NWMLS as distributed by MLS GRID,MLS#: 2412656MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bathroom full
    • 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
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Tankless, Water Heater Location: Utility Room
    Features
    • Dining Room
    • Flooring: Laminate, Carpet
    • Windows: Double Pane/Storm Window
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 940
    • Total interior livable area: 940 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Driveway, Attached Garage, RV Parking
    • Has attached garage: Yes
    • Covered spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Double Pane/Storm Window, Dining Room, Water Heater
    Lot
    • Size: 0.76 Acres
    • Features: Dead End Street, Secluded, Fenced-Fully, Outbuildings, RV Parking
    • Topography: Level
    • Residential vegetation: Fruit Trees, Garden Space, Wooded
    Details
    • Parcel number: 2188203420
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1943
    • Major remodel year: 1972

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Federal Way
    Location
    • Region: Federal Way

    Financial & listing details

    • Price per square foot: $585/sqft
    • Tax assessed value: $512,000
    • Annual tax amount: $4,917
    • Date on market: 1/7/2026
    • Cumulative days on market: 196 days
    • Listing terms: Conventional,FHA,VA Loan
    • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    1/5/2026Sold$550,000$585/sqft
    Source: NWMLS as distributed by MLS GRID #2412656 Report a problem
    10/7/2025Pending sale$550,000$585/sqft
    Source: NWMLS as distributed by MLS GRID #2412656 Report a problem
    10/3/2025Listed for sale$550,000+57.1%$585/sqft
    Source: NWMLS as distributed by MLS GRID #2412656 Report a problem
    5/23/2025Listing removed$2,700$3/sqft
    Source: Zillow Rentals Report a problem
    5/16/2025Listed for rent$2,700+8%$3/sqft
    Source: Zillow Rentals Report a problem
    5/24/2023Listing removed--
    Source: Zillow Rentals Report a problem
    5/18/2023Listed for rent$2,500$3/sqft
    Source: Zillow Rentals Report a problem
    12/24/2019Sold$350,000-5.4%$372/sqft
    Source: NWMLS as distributed by MLS GRID #1543340 Report a problem
    11/26/2019Pending sale$369,950$394/sqft
    Source: Skyline Properties, Inc. #1543340 Report a problem
    11/21/2019Price change$369,950-1.6%$394/sqft
    Source: Skyline Properties, Inc. #1543340 Report a problem
    10/19/2019Price change$375,950-1.1%$400/sqft
    Source: Skyline Properties, Inc. #1543340 Report a problem
    10/3/2019Price change$379,950-2.6%$404/sqft
    Source: Skyline Properties, Inc. #1543340 Report a problem
    9/14/2019Listed for sale$389,950+150%$415/sqft
    Source: Skyline Properties, Inc. #1519378 Report a problem
    8/11/2017Sold$156,000+39.4%$166/sqft
    Source: NWMLS as distributed by MLS GRID #1152139 Report a problem
    7/11/2017Pending sale$111,900$119/sqft
    Source: Properties NW of Gig Harbor #1152139 Report a problem
    6/29/2017Listed for sale$111,900-39.2%$119/sqft
    Source: Properties NW of Gig Harbor #1152139 Report a problem
    2/24/2017Sold$184,000+75.2%$196/sqft
    Source: Public Record Report a problem
    5/17/1996Sold$105,000$112/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,230 +6.4%$512,000 +3.9%
    2024$4,917 +3.9%$493,000 +15.2%
    2023$4,733 +3.3%$428,000 -7.4%
    2022$4,582 +8.3%$462,000 +24.9%
    2021$4,231 +5.3%$370,000 +12.1%
    2020$4,018 +144.9%$330,000 +151.9%
    2019$1,640 +3.6%$131,000
    2018$1,583 -41.9%$131,000 -30.3%
    2017$2,725 +22.3%$188,000 +10.6%
    2016$2,228 $170,000 +7.6%
    2015$2,228 $158,000 +5.3%
    2014$2,228 $150,000 -5.1%
    2013$2,228 $158,000 -1.3%
    2012-- $160,000 -9.6%
    2011-- $177,000 -20.6%
    2010-- $223,000
    2009-- $223,000 -0.4%
    2007-- $224,000 +31%
    2006-- $171,000 +8.2%
    2005-- $158,000 +21.5%
    2001$1,765 +4.1%$130,000 +8.3%
    2000$1,695 $120,000
    Find assessor info on the county website

    Neighborhood: 98023

    Nearby schools

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    Estimated market value
    $534,000
    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
    $534,000

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