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CondominiumResidential
$217,050$362 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $163,500 on Oct 5, 2018

2123 SW 318TH PL

FEDERAL WAY, WA 98023
Building report
1
Beds
1
Baths
600 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2.34 ac
Lot SizeThe size of the land the home sits on, from county records.
1977
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$217K
$209K low$225K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$163,500 · Oct 5, 2018

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,511 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$198,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$175,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$192,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$198,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyKING
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2000
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Carport (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Decatur High SchoolD
High · Grades 9–12 · 0.3 mi
M
Lakota Middle SchoolD
Middle · Grades 6–8 · 0.4 mi
E
Twin Lakes Elementary SchoolB-
Elementary · Grades KG–5 · 1.2 mi

District: Federal Way School District

Neighborhood · ZIP 98023These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.63
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.112
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.255

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.25%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.52,813
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,507 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$98,962
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,405
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.43%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

2123 Sw 318th Pl measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the least valuable homes in King County
  • Costs less per square foot than 81% of homes in King County
  • Among the smallest homes in Twin Lakes
  • Has a bigger lot than 92% of homes in Federal Way 98023

What homes are worth in Federal Way 98023

Each bar is how many homes fall in that price range. The marker is this home.

This home
$252K$1.2M

This home is worth less than almost all homes in Federal Way 98023.

How it measures up in Federal Way 98023

The dot is this home. The mark in the middle is the typical home in Federal Way 98023.

Estimated value$217,050
CheaperTypical $611,632Pricier

Cheaper than almost all homes nearby

Price per ft²$362
CheaperTypical $323Pricier

Pricier than 71% of homes nearby

Living area600 ft²
SmallerTypical 1,890 ft²Bigger

Smaller than almost all homes nearby

Lot size2.34 ac
SmallerTypical 0.2 acBigger

Bigger than 92% of homes nearby

Year built1977
OlderTypical 1979Newer

Newer than 40% of homes nearby

How 2123 Sw 318th Pl ranks against every home in each area.
MeasureThis homeTwin LakesFederal Way 98023King County
Estimated valuepricier than$217,050almost no homesalmost no homesalmost no homes
Price per ft²pricier than$36271% of homes71% of homes19% of homes
Living areabigger than600 ft²almost no homesalmost no homes2% of homes
Lot sizebigger than2.34 ac90% of homes92% of homes90% of homes
Year builtnewer than197752% of homes40% of homes48% of homes

About 2123 Sw 318th Pl

How much is 2123 Sw 318th Pl, Federal Way, WA worth?

The TopHap Estimate for 2123 Sw 318th Pl, Federal Way, WA is $217,050 as of Sep 24, 2026. The likely range is $208,997 to $225,103. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2123 Sw 318th Pl, Federal Way, WA last sell?

2123 Sw 318th Pl, Federal Way, WA last sold on Oct 5, 2018 for $163,500, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 2123 Sw 318th Pl, Federal Way, WA?

2123 Sw 318th Pl, Federal Way, WA has 1 bedrooms, 1 bathrooms and 600 square feet of living space.

When was 2123 Sw 318th Pl, Federal Way, WA built?

2123 Sw 318th Pl, Federal Way, WA was built in 1977, making it 49 years old. It is a condo/apartment home. The building has 2 stories.

What schools serve 2123 Sw 318th Pl, Federal Way, WA?

2123 Sw 318th Pl, Federal Way, WA is assigned to Decatur High School (high), rated D; Lakota Middle School (middle), rated D; Twin Lakes Elementary School (elementary), rated B-. All sit in Federal Way School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2123 Sw 318th Pl, Federal Way, WA compare to other homes in Federal Way 98023?

Among the 13,914 homes in Federal Way 98023, it is worth more than almost none of them ($217,050 against a typical $611,632), its price per square foot is higher than 71% of them ($362 against a typical $323), it is bigger than almost none of them (600 ft² against a typical 1,890 ft²), its lot is bigger than 92% of them (2.34 ac against a typical 0.2 ac) and it is newer than 40% of them (1977 against a typical 1979). Measured against all of King County, it is worth more than almost no homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 2123 Sw 318th Pl, Federal Way, WA?

The 2026 property tax bill for 2123 Sw 318th Pl, Federal Way, WA was $2,511. The county assessed it at $198,000.

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