In the heart of Federal Way, this inviting home offers the perfect balance of comfort and convenience. Located just minutes from major commuting routes including Interstate 5 and State Route 18, residents enjoy seamless access to Seattle, Tacoma, and surrounding employment hubs. Everyday essentials are just around the corner with a variety of grocery options nearby, including Trader Joe's, Safeway, WinCo Foods, and H Mart, offering everything from fresh produce to international specialties. Dining and casual eateries are plentiful within minutes, creating a vibrant local lifestyle with convenient takeout and sit-down options close to home. The property is also just a short drive to major retail and entertainment destinations like The Commons at Federal Way, providing a wide selection of shopping, dining, and services. Set in an established neighborhood, this home combines suburban tranquility with unbeatable proximity to daily conveniences, spacious front and back yard; making it an excellent choice for commuters and those seeking easy access to everything Federal Way has to offer.
Sold
Listed by: Best Choice Network LLC • Estephany Lagmay
Bought with: John L. Scott, Inc
$630,000
1027 SW 348th Place, Federal Way, WA 98023
3beds
1,740sqft
Single Family Residence
Built in 1989
7,396 Square Feet Lot
$624,200 Zestimate®
$362/sqft
$3,198 Estimated rent
Home value
$624,200
$574,000 - $674,000
$3,198/mo
Zestimate® history
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Inviting home
Zillow last checked:
Listing updated:
Offers reviewed: Apr 06
Listed by:
Estephany Lagmay,
Best Choice Network LLC
Bought with:
Alice Van Nguyen, 24000607
John L. Scott, Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2501485
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Other
- Level: Main
Dining room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Main
Heating
- 90%+ High Efficiency, Forced Air, Heat Pump, Electric
Cooling
- 90%+ High Efficiency, Forced Air, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Gas, Water Heater Location: Garage
Features
- Bath Off Primary, Dining Room
- Flooring: Engineered Hardwood, Carpet
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Attached Garage, Off Street
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Bath Off Primary, Dining Room, Security System, Walk-In Closet(s), Water Heater
Lot
- Size: 7,396 Square Feet
- Dimensions: 7397
- Features: Paved, Sidewalk, Cable TV, Dog Run, Fenced-Fully, High Speed Internet
- Residential vegetation: Garden Space
Details
- Parcel number: 5422420770
- Zoning: RS7.2
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,2 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1989
- Major remodel year: 1989
Utilities & green energy
- Electric: Company: PSE
- Sewer: Available, Company: Lake Haven Water & Sewer District
- Water: Public, Company: Lake Haven Water & Sewer District
- Utilities for property: Xfinity
Community & HOA
Community
- Security: Security System
- Subdivision: Federal Way
HOA
- HOA fee: $200 annually
- HOA phone: 425-418-2502
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $582,000
- Annual tax amount: $5,605
- Offers reviewed: 04/06/2026
- Date on market: 5/20/2026
- Cumulative days on market: 63 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Sold | $630,000+2.4%$362/sqft |
Source:  NWMLS as distributed by MLS GRID #2501485 Report a problem | ||
| 4/4/2026 | Pending sale | $615,000$353/sqft |
Source: NWMLS as distributed by MLS GRID #2501485 Report a problem | ||
| 4/2/2026 | Listed for sale | $615,000+11.8%$353/sqft |
Source: NWMLS as distributed by MLS GRID #2501485 Report a problem | ||
| 1/24/2022 | Sold | $550,000$316/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,974 +6.6% | $582,000 +3.9% |
| 2024 | $5,606 +0.7% | $560,000 +10.5% |
| 2023 | $5,569 +3.3% | $507,000 -7.3% |
| 2022 | $5,390 +8.3% | $547,000 +24.9% |
| 2021 | $4,977 +6.3% | $438,000 +13.2% |
| 2020 | $4,684 +2.8% | $387,000 +1.6% |
| 2019 | $4,555 +8.1% | $381,000 +4.4% |
| 2018 | $4,214 -8.8% | $365,000 +12.7% |
| 2017 | $4,620 +22.8% | $324,000 +10.6% |
| 2016 | $3,761 | $293,000 +7.7% |
| 2015 | $3,761 | $272,000 +5.4% |
| 2014 | $3,761 | $258,000 +35.8% |
| 2013 | $3,761 | $190,000 -1% |
| 2012 | -- | $192,000 -9.9% |
| 2011 | -- | $213,000 -12.3% |
| 2010 | -- | $243,000 |
| 2009 | -- | $243,000 |
| 2007 | -- | $243,000 +6.6% |
| 2006 | -- | $228,000 +8.1% |
| 2005 | -- | $211,000 +25.6% |
| 2001 | $2,258 +3% | $168,000 +7% |
| 2000 | $2,193 | $157,000 |
Find assessor info on the county website
Neighborhood: Madrona
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Nearby schools
GreatSchools rating
- 5/10Sherwood Forest Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$624,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$624,200
- Washington
- King County
- Federal Way
- 98023
- Madrona
- 1027 SW 348th Place
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