2020 S 360th St, Federal Way, WA 98003

Multifamily · Federal Way · Seattle-Bellevue metro, WA

Imagery suggests: garden apartments, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 255 reachable multifamily buildings in Federal Way. Larger than 94% of multifamily buildings in Federal Way (median 3,968 SF), derived from assessor records.

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Building size: 235,100 SF, King County Assessor
Lot size: 412,949 SF, King County Assessor
Year built: 1986, King County Assessor
Stories: 3, King County Assessor
Predominant use: Enchanted Woods, King County Assessor
Units: 216, King County Assessor
Assessed value: $53,234,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $226.43/SF, derived from assessor records
Lot coverage: 57%, derived from assessor records
Vintage: 1980s vintage
Zoning: R-24, King County
County use code: Apartment
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

35929 21st Pl S, Federal Way · 0.1 mi · 212,256 SF · built 1988 · assessed $194.82/SF
35810 16th Ave S, Federal Way · 0.2 mi · 128,890 SF · built 1990 · assessed $278.52/SF
35703 16th Ave S, Federal Way · 0.4 mi · 423,700 SF · built 2014 · assessed $132.88/SF
1201 S 336th St, Federal Way · 1.3 mi · 308,792 SF · built 2015 · assessed $105.80/SF
1001 S 336th St, Federal Way · 1.4 mi · 45,084 SF · built 2002 · assessed $245.21/SF
2253 S 333rd St, Federal Way · 1.5 mi · 3,328 SF · built 1985 · assessed $294.77/SF

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Sale history and market context

MakeMe Estimate: $51,225,248 (estimated market value), with a likely range of $46,789,368 to $52,864,877 (half of recent verified sales in this segment landed inside that range). Based on 98 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $237K per unit at the midpoint (216 units).

Last sold: 2005-02-25 for $1,338,800 (recorded arm's-length sale).

Current ownership dates to 2005 (about 21 years) per recorded transfers.

2015-04-01: $1,920,000 from LG Enchanted Woods LLC to GM Enchanted Woods LLC, rec. 20150407001554

2015-04-01: $960,000 from J Eraker Enchanted Woods LLC to GM Enchanted Woods LLC, rec.

2015-04-01: $960,000 from A Eraker Enchanted Woods LLC to GM Enchanted Woods LLC, rec.

2015-04-01: $600,000 from Bristol Enchanted Woods LLC to GM Enchanted Woods LLC, rec.

2005-02-25: $1,338,800 from Guardian Management to LG Enchanted Wood LLC, rec. 20050301001414

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $16,006,000 (2011) to $53,234,000 (2026), up 233% over 15 years, per county tax rolls. The 2026 roll splits $53,234,000 into $6,813,600 land and $46,420,400 improvements.

Zoning: R-24 (per King County)

Lot: 412,949 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 235,100 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2022-02-08: Remodel, declared value $120,000 (Complete), permit ADDC21-0797

2021-03-08: Remodel, declared value $1,549,016 (Complete), permit ADDC21-0042

2016-10-03: Remodel, declared value $6,719 (Complete), permit ADDC16-0573

2016-04-12: Other, declared value $8,945 (Complete), permit MECH16-0257

2016-01-14: Remodel, declared value $230,000 (Complete), permit ADDC15-0614

2015-09-11: Remodel, declared value $125,000 (Complete), permit ADDC15-0606

Source: King County permit records (newest first).