Property Attributes
- ID#2552703
- TypeSingle Family
- CountyKING
- CityFederal Way
- AreaDash Point-Federal Way
- NeighborhoodTwin Lakes
- Zip98023
- Style1 Story
- Year Built1961
- Taxes$ 513
- Price$ 495,900
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1150
- Lot Size0.2208 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
The Seller's preferred lender is offering a $5,000 credit for buyers to use towards their closing costs or an interest rate buydown! This Updated 3 bedroom rambler for sale in Federal Way, WA 98023 with a BRAND NEW ROOF (2026). This single-level ranch style home offers 1,150 sqft of easy one-story living on a large 9,619 sqft lot — no stairs, no major projects. The updated kitchen features quartz countertops (2024) and updated bathtub (2022), and with beautiful UV protective storm windows installed, all the big-ticket items are already done. Outside, the fully fenced in backyard includes a 50-foot garden, an established blueberry patch, three storage sheds (one with electricity — ideal workshop or hobby space), a Luxury hot tub, and front parking for up to six vehicles or enough space for RV or boat. Located in the desirable 98023 area of Federal Way near shopping, schools, and I-5 commuter access to Tacoma and Seattle. Many amenities and neccesities are within walking distance. Move-in ready single family homes under $500,000 in Federal Way are increasingly rare. Schedule your private showing today.
| Elementary School | Middle School | High School |
|---|---|---|
| Buyer To Verify Elementary School | Buyer To Verify Middle School | Buyer To Verify High School |
| Price History | |
|---|---|
| 7/10/2026 | Listed $495,900 |
General Features
| Living Area | 1150 |
|---|---|
| Sewer | Septic Tank |
| Heating | 90%+ High Efficiency,Forced Air |
| Cooling | None |
| Possession | Closing,See Remarks |
| Roof | Composition,See Remarks |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer |
| Security Features | Fully Fenced |
| Year Built | 1961 |
| Topography | Level |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | King |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | Twin Lakes |
| Facing Direction | South |
| Garage Y/N | Yes |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS works well & accurately. From I-5,exit 142B,travel W on S. 348th St. Continue to become SW Campus Dr,then turn L at 21st Ave SW. Turn R up SW 339th St. Destination will be on R. |
| High School | Buyer To Verify |
| City | Federal Way |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | Federal Way |
| MLS Area | 110 - Dash Point/Federal Way |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 9619 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,FHA |
| Elementary School | Buyer To Verify |
| Land Lease Y/N | No |
| Tax Annual Amount | 513 |
| Middle/Junior High School | Buyer To Verify |
| Property Condition | Good |
| Public Remarks | The Seller's preferred lender is offering a $5,000 credit for buyers to use towards their closing costs or an interest rate buydown! This Updated 3 bedroom rambler for sale in Federal Way,WA 98023 |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Lakehaven |
| Property Style | 10 - 1 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Dbl Pane/Storm Window,Dining Room |
|---|---|
| Basement | None |
| Flooring | Ceramic Tile,Hardwood,Laminate,Carpet |
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| Total Baths | 1 |
| Bedrooms Possible | 3 |
| Power Production Type | Electric,Natural Gas |
| Baths Full Main | 1 |
| Bathrooms | 1 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Vegetation | Garden Space |
| Parking Features | Driveway,Attached Garage,Off Street |
| Lot Features | Paved |
| Water Source | Public |
| Total Parking | 6 |
| Inclusions | Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Poured Concrete |
| Spa | Yes |
| Building Area Total | 1150 |
| Lot Size Acres | 0.2208 |
| Waterfront Y/N | No |
| Covered Spaces | 1 |
| Irrigation Water Rights Y/N | No |
| Site Features | Fenced-Fully,Hot Tub/Spa,Outbuildings,Patio |
| Parking Uncovered Total | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98023
In The Neighborhood
Federal Way
$ 575,000
- Type
- Single Family | Active
- Size
- 1,810 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: KW Mountains to Sound Realty
Federal Way
$ 775,000
- Type
- Single Family | Active
- Size
- 2,630 SqFt
- Rooms
- 6 Beds + 3 Baths
Listed by: HomeSmart Real Estate Assoc
Federal Way
$ 619,950
- Type
- Single Family | Active
- Size
- 2,400 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Renaissance Real Estate LLC
Winthrop
$ 550,000
- Type
- Single Family | Active
- Size
- 1,188 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Winthrop Star Properties
Winthrop
$ 975,000
- Type
- Single Family | Active
- Size
- 2,184 SqFt
- Rooms
- 2 Beds + 2.5 Baths
Listed by: Mountain to River Realty LLC
Federal Way
$ 799,950
- Type
- Single Family | Active
- Size
- 3,930 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Skyline Properties, Inc.
Federal Way
$ 715,000
- Type
- Single Family | Active
- Size
- 3,500 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Century 21 Blue Chip
Federal Way
$ 625,000
- Type
- Single Family | Active
- Size
- 1,410 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: John L. Scott, Inc
Federal Way
$ 899,900
- Type
- Single Family | Active
- Size
- 3,075 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Blue Emerald Real Estate Co.
Federal Way
$ 775,000
- Type
- Single Family | Active
- Size
- 2,880 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Best Choice Realty LLC
Federal Way
$ 720,000
- Type
- Single Family | Active
- Size
- 2,730 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: Better Properties Soundview
Federal Way
$ 594,000
- Type
- Single Family | Active
- Size
- 1,546 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Realty One Group Pacifica