Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$778,808$314 / 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 97How 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 $419,800 on Jul 25, 2016

32532 40TH CT SW

FEDERAL WAY, WA 98023
3
Beds
2.5
Baths
2,480 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.
0.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1978
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$779K
$757K low$800K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$419,800 · Jul 25, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,987 (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.$791,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$229,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$562,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$766,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$791,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.124 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyKING
Lot (acres)The size of the land the home sits on, from county records.0.21
HeatingThe type of heating system in the home.Heat Pump
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.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Lake
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 1,020 ft²Porch · 100 ft²

Transaction History(7)

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.

E
Green Gables Elementary SchoolB-
Elementary · Grades KG–5 · 0.5 mi
H
Decatur High SchoolD
High · Grades 9–12 · 0.9 mi
M
Lakota Middle SchoolD
Middle · Grades 6–8 · 1.5 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%

Owner Tools

Do you own this home?
Claim this home

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

32532 40th Ct Sw 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.

  • Worth more than 91% of homes in Twin Lakes
  • Costs less per square foot than 90% of homes in King County
  • Bigger than 84% of homes in Twin Lakes

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
$260K$1.2M

This home is worth more than 85% of 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$778,808
CheaperTypical $610,563Pricier

Pricier than 85% of homes nearby

Price per ft²$314
CheaperTypical $323Pricier

Pricier than 43% of homes nearby

Living area2,480 ft²
SmallerTypical 1,890 ft²Bigger

Bigger than 77% of homes nearby

Lot size0.21 ac
SmallerTypical 0.2 acBigger

Bigger than 52% of homes nearby

Year built1978
OlderTypical 1979Newer

Newer than 47% of homes nearby

How 32532 40th Ct Sw ranks against every home in each area.
MeasureThis homeTwin LakesFederal Way 98023King County
Estimated valuepricier than$778,80891% of homes85% of homes44% of homes
Price per ft²pricier than$31442% of homes43% of homes10% of homes
Living areabigger than2,480 ft²84% of homes77% of homes73% of homes
Lot sizebigger than0.21 ac58% of homes52% of homes52% of homes
Year builtnewer than197863% of homes47% of homes50% of homes

About 32532 40th Ct Sw

How much is 32532 40th Ct Sw, Federal Way, WA worth?

The TopHap Estimate for 32532 40th Ct Sw, Federal Way, WA is $778,808 as of Sep 24, 2026. The likely range is $757,303 to $800,313. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 32532 40th Ct Sw, Federal Way, WA last sell?

32532 40th Ct Sw, Federal Way, WA last sold on Jul 25, 2016 for $419,800, according to the county's recorded deed. TopHap holds 5 recorded sales for this parcel.

How big is 32532 40th Ct Sw, Federal Way, WA?

32532 40th Ct Sw, Federal Way, WA has 3 bedrooms, 2.5 bathrooms, 2,480 square feet of living space and a 0.21-acre lot.

When was 32532 40th Ct Sw, Federal Way, WA built?

32532 40th Ct Sw, Federal Way, WA was built in 1978, making it 48 years old. The building has 1 story.

What schools serve 32532 40th Ct Sw, Federal Way, WA?

32532 40th Ct Sw, Federal Way, WA is assigned to Green Gables Elementary School (elementary), rated B-; Decatur High School (high), rated D; Lakota Middle School (middle), rated D. All sit in Federal Way School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 32532 40th Ct Sw, Federal Way, WA compare to other homes in Federal Way 98023?

Among the 13,913 homes in Federal Way 98023, it is worth more than 85% of them ($778,808 against a typical $610,563), its price per square foot is higher than 43% of them ($314 against a typical $323), it is bigger than 77% of them (2,480 ft² against a typical 1,890 ft²), its lot is bigger than 52% of them (0.21 ac against a typical 0.2 ac) and it is newer than 47% of them (1978 against a typical 1979). Measured against all of King County, it is worth more than 44% of 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 32532 40th Ct Sw, Federal Way, WA?

The 2026 property tax bill for 32532 40th Ct Sw, Federal Way, WA was $7,987. The county assessed it at $791,000.

More homes on 40th Ct Sw

Closest homes

More homes in Federal Way 98023

Assigned schools

Explore the area

See this home in context

Open 32532 40th Ct Sw on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map