Active

Listed by: Keller Williams Rty Tacoma

Price cut: $35K (4/3)

$250,000

1248 SW 312th Street, Federal Way, WA 98023

--beds

--baths

1.12Acres

Unimproved Land

Built in ----

1.12 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

An exceptional opportunity in the heart of Dash Point! This 1+ acre level parcel is full of potential for a private estate or possible development. Utilities are conveniently located in the street. Located within walking distance to Mirror Lake and just minutes from shopping, dining, entertainment and easy commuting access. A rare opportunity to own a lot of this size in the area. Buyer to verify all information.

92 days

258

12

Facts & features

Interior

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Lot

Size: 1.12 Acres
Features: Curbs, Paved, Sidewalk

Details

Parcel number: 0721049226
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard

Utilities & green energy

Electric: In Street
Gas: Not Available
Sewer: In Street
Water: In Street
Utilities for property: Electricity Available

Community & HOA

Community

Subdivision: Dash Point

Location

Region: Federal Way

Financial & listing details

Tax assessed value: $330,000
Annual tax amount: $3,027
Date on market: 1/25/2026
Cumulative days on market: 69 days
Listing terms: Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,821/mo

Price history

Date	Event	Price
4/3/2026	Price change	$250,000-12.3%
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem
3/3/2026	Price change	$285,000-13.6%
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem
1/29/2026	Listed for sale	$330,000
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem
1/4/2026	Pending sale	$330,000
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem
1/1/2026	Listed for sale	$330,000+78.4%
Source: NWMLS as distributed by MLS GRID #2464424 Report a problem
8/28/2020	Sold	$185,000+164.3%
Source: NWMLS as distributed by MLS GRID #1597908 Report a problem
4/23/1998	Sold	$70,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,027 -4.2%	$330,000 +10.7%
2023	$3,161 +22.3%	$298,000 +10%
2022	$2,585 +8.8%	$271,000 +25.5%
2021	$2,376 +6.6%	$216,000 +13.7%
2020	$2,229 +19.8%	$190,000 +19.5%
2019	$1,860 +8.5%	$159,000 +4.6%
2018	$1,715 -11.6%	$152,000 +9.4%
2017	$1,941 +12.8%	$139,000 +9.4%
2016	$1,721	$127,000 +5%
2015	$1,721	$121,000
2014	$1,721	$121,000 +40.7%
2013	$1,721	$86,000
2012	--	$86,000 -16.5%
2011	--	$103,000 -10.4%
2010	--	$115,000
2009	--	$115,000 +27.8%
2007	--	$90,000 +7.1%
2006	--	$84,000 +7.7%
2005	--	$78,000 +36.8%
2001	$741 +0%	$57,000 +3.6%
2000	$741	$55,000

Find assessor info on the county website

Monthly payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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