$259,950

2565 S 298th St Federal Way, WA 98003

0.5 acres
Land

Property details

About 2565 S 298th St

Great opportunity to build your dream home on this prime 19,600 SF lot in Federal Way! This cleared parcel is ready for development, and utilities are available on the street. It is situated halfway between the upcoming Star Lake and Federal Way Light Rail Transit Centers. Nearby the Commons at Federal Way shopping mall, Costco, and Target. This area is experiencing rapid growth, and the future light rail extension will enhance connectivity to major regional centers like Seattle-Tacoma International Airport and Downtown Seattle. Easy access to major highways I-5 and WA-99/509. Dont miss this exceptional chance to invest in your future! Reports available on request (Topographical, Soil Test, Structural & Tree Calculations, etc).

Highlights

StatusActive
Lot size0.45 Acres
MLS #2334175
ViewTerritorial

Summary

  • View: Territorial
  • List Price: $259,950
  • Annual Tax Amount: $1,442
  • Tax Year: 2022
  • Lot: Paved
  • Directions: Head S on I-5, take Exit 147, turn L to S 272nd St, turn R on Military Rd S, turn R to S 298th St, property almost immediately on the Left.
  • Lot Size: 0.45 Acres
  • MLS Number: 2334175
  • MLS Name: NWMLS
  • Office Name: Keller Williams Rlty Bellevue
  • Office Phone: (425) 454-0911
  • Listing Agent: Tuyet G. Luong

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2025, 5:17:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$259,950

2565 S 298th St

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Price information

Property sales

DateEventPrice
Jun 22, 2022
Home Sold
$225,000

Tax history

YearAssessmentProperty Tax
2022$132,000$1,442
2021$120,000$1,487
2020$104,000$1,138
2018$84,000$1,054
2017$84,000$1,275

History based on county public records data.

Nearby schools

2

Wildwood Elementary School

Public District KG-5

0.3 mi

2405 S 300th St

4

Camelot Elementary School

Public District KG-5

0.7 mi

4041 S 298th St

3

Lake Dolloff Elementary School

Public District KG-5

1.1 mi

4200 S 308th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $59,331. The majority of Federal Way, WA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

33%
<35k
49%
35k-100k
9%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

34%
Single, No Kids
21%
Single, with Kids
19%
Married, No Kids
26%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
10%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • SoccerSoccer
  • College BasketballCollege Basketball

Where do the neighbors shop?

  • BurlingtonBurlington
  • DillardsDillards
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • WingstopWingstop
  • Logan's RoadhouseLogan's Roadhouse

What do the neighbors drive?

  • ChevroletChevrolet
  • NissanNissan
  • HyundaiHyundai

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Christian Adult ContemporaryChristian Adult Contemporary
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2565 S 298th St

The listing price of 2565 S 298th St property is $259,950.

The property 2565 S 298th St is land located in Federal Way, Washington, 98003.

Active Listing: 2565 S 298th St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2565 S 298th St are: Wildwood Elementary School (GreatSchools Rating 2/10), Camelot Elementary School (GreatSchools Rating 4/10), Lake Dolloff Elementary School (GreatSchools Rating 3/10), Sacajawea Middle School (GreatSchools Rating 3/10), Kilo Middle School (GreatSchools Rating 4/10), Totem Middle School (GreatSchools Rating 2/10), Federal Way High School (GreatSchools Rating 3/10), Thomas Jefferson High School (GreatSchools Rating 3/10), Career Academy at Truman High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2022 is $1,442 (source: MLS/based on county public records data).

The last sale was on June 22, 2022 for $225,000 (source: MLS/tax record).

The property 2565 S 298th St is 0.45 acres.

The sq. ft. of 2565 S 298th St is not available (source: MLS/tax record).

This home is located at 2565 S 298th St in Federal Way, WA and zip code 98003 in the Steel Lake neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 22, 2025 and is currently priced at $259,950.

While more than 22 listings in Federal Way, WA in April 2025 were sold above asking price, there were more than 23 listings sold at asking price, and more than 22 were sold below. Between March and April 2025, Federal Way, WA real estate market has seen increase in the number of listings by 7.2%. Listings spent 43 days on the market in April 2025, and had a median list price of $600,036 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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