Welcome to this inviting townhouse-style condo located in the heart of Federal Way. Situated within a gated community, this 2-bedroom, 1.5-bath home offers a functional layout, recent updates, and convenient access to everyday amenities. The main level features an open living and dining area highlighted by a cozy gas fireplace, along with a spacious kitchen offering ample cabinetry and practical workspace. A convenient half bath and dedicated laundry area are also located on the main floor. Upstairs, you’ll find two generously sized bedrooms, updated flooring, and a full bathroom with a tile shower and ample counter space. Fresh interior paint throughout gives the home a clean, refreshed feel. Step outside to the private back deck, which includes additional storage space. HOA dues cover water, sewer, and garbage, providing added convenience and value. Enjoy low-maintenance living in a location that keeps everything within easy reach. Shopping, dining, parks, and everyday amenities are nearby, while commuters will appreciate convenient access to the Federal Way Transit Center and Link Light Rail, offering connections to Seattle, Tacoma, and beyond. This house comes with a REDUCED RATE as low as 5.875% (APR 6.30%) as of 08/18/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer’s interest rate and monthly payment. Terms apply, see disclosures for more information.
Active
Listed by: Lookup Realty • Victor Nguku
Price cut: $5K (7/30)
$320,000
1040 S 320th Street #36, Federal Way, WA 98003
2beds
1,088sqft
Townhouse, Condominium
Built in 1978
-- sqft lot
$319,000 Zestimate®
$294/sqft
$475/mo HOA
What's special
Cozy gas fireplaceSpacious kitchenPrivate back deckUpdated flooringFunctional layoutPractical workspaceAmple counter space
- 27 days |
- 442 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Victor Nguku,
Lookup Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2558460
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s)
Features
- Flooring: Ceramic Tile, Vinyl Plank
- Number of fireplaces: 1
- Fireplace features: Gas, See Remarks, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,088
- Total interior livable area: 1,088 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: Multi/Split
- Entry location: Main
- Patio & porch: Fireplace
Details
- Parcel number: 8682400050
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse,Townhouse
- Property subtype: Townhouse, Condominium
Materials
- Metal/Vinyl
- Roof: Composition
Condition
- Year built: 1978
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: PSE
- Sewer: Company: Lakehaven
- Water: Company: Lakehaven
- Utilities for property: Comcast, Xfinity
Community & HOA
Community
- Features: Gated
- Subdivision: Federal Way
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Sewer, Water
- HOA fee: $475 monthly
- HOA phone: 253-927-3076
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $290,000
- Annual tax amount: $3,245
- Date on market: 7/21/2026
- Cumulative days on market: 29 days
- Listing terms: Conventional,FHA
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$319,000
$303,000 - $335,000
$2,198/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $320,000-1.5%$294/sqft |
Source:  NWMLS as distributed by MLS GRID #2558460 Report a problem | ||
| 7/22/2026 | Listed for sale | $325,000+30%$299/sqft |
Source: NWMLS as distributed by MLS GRID #2558460 Report a problem | ||
| 6/29/2021 | Sold | $250,000+11.1%$230/sqft |
Source: NWMLS as distributed by MLS GRID #1772297 Report a problem | ||
| 5/25/2021 | Pending sale | $225,000$207/sqft |
Source: NWMLS as distributed by MLS GRID #1772297 Report a problem | ||
| 5/19/2021 | Listed for sale | $225,000+181.3%$207/sqft |
Source: NWMLS as distributed by MLS GRID #1772297 Report a problem | ||
| 7/14/2011 | Sold | $80,000-7%$74/sqft |
Source: Public Record Report a problem | ||
| 6/18/2011 | Pending sale | $86,000$79/sqft |
Source: Coldwell Banker Bain Associates #217565 Report a problem | ||
| 5/22/2011 | Price change | $86,000-16.5%$79/sqft |
Source: Coldwell Banker Bain Associates #217565 Report a problem | ||
| 5/5/2011 | Listed for sale | $102,995-6.4%$95/sqft |
Source: Coldwell Banker Bain Associates #217565 Report a problem | ||
| 3/24/2011 | Listing removed | $110,000$101/sqft |
Source: Keller Williams - Federal Way #91284 Report a problem | ||
| 9/8/2010 | Listed for sale | $110,000-26.6%$101/sqft |
Source: Keller Williams Realty #91284 Report a problem | ||
| 3/18/2010 | Listing removed | $149,950$138/sqft |
Source: Prudential Northwest Realty #29132001 Report a problem | ||
| 2/26/2010 | Listed for sale | $149,950$138/sqft |
Source: Prudential Northwest Realty #29132001 Report a problem | ||
| 12/5/2009 | Listing removed | $149,950$138/sqft |
Source: Federal Way Office Report a problem | ||
| 9/19/2009 | Listed for sale | $149,950$138/sqft |
Source: Federal Way Office Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,528 +8.7% | $290,000 +3.6% |
| 2024 | $3,245 +7% | $280,000 +0.7% |
| 2023 | $3,031 +24.2% | $278,000 +12.1% |
| 2022 | $2,441 +3.1% | $248,000 +18.7% |
| 2021 | $2,368 +8.9% | $209,000 +16.1% |
| 2020 | $2,175 +12.9% | $180,000 +11.8% |
| 2019 | $1,927 +13.3% | $161,000 +9.5% |
| 2018 | $1,701 -0.1% | $147,000 +23.5% |
| 2017 | $1,704 +27.7% | $119,000 -1.7% |
| 2016 | $1,334 | $121,000 +17.5% |
| 2015 | $1,334 | $103,000 +13.2% |
| 2014 | $1,334 | $91,000 +37.9% |
| 2013 | $1,334 | $66,000 +1.5% |
| 2012 | -- | $65,000 -37.5% |
| 2011 | -- | $104,000 -21.8% |
| 2010 | -- | $133,000 |
| 2009 | -- | $133,000 -0.7% |
| 2007 | -- | $134,000 +17.5% |
| 2006 | -- | $114,000 +4.6% |
| 2005 | -- | $109,000 +51% |
| 2001 | $973 +9.8% | $72,200 +14.4% |
| 2000 | $887 | $63,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Mirror Lake
Nearby schools
GreatSchools rating
- 3/10Mirror Lake Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Mirror Lake Elem
- Middle: Sacajawea Jnr High
- High: Federal Way Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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