*MAJOR PRICE IMPROVEMENT!* Welcome to the gated Trinidad South community in the heart of Federal Way - where comfort, convenience, and location truly come together! This townhome-style condo lives more like a single-family home with a bright, open-concept main floor, spacious great room, and cozy gas fireplace, making it perfect for everyday living and entertaining. Major updates are already done for you: newer deck, windows, slider, and washer & dryer (all just 2 years old). The primary bathroom has been beautifully remodeled, and all appliances stay - this home is totally move-in ready! Step outside to relax on your private deck or enjoy being just minutes from literally everything. You’re close to all kinds of shopping, dining, and entertainment at The Commons at Federal Way, everyday essentials at nearby Costco, Target, Home Depot, Trader Joe's, plus countless restaurants, coffee shops, and many other services nearby. Commuters will definitely love the easy access to the Federal Way Transit Center and Link Light Rail, connecting you to Seattle, Tacoma, and beyond. Low-maintenance living, smart updates, and a location that puts everything within reach. Primary bedroom has been freshly painted.
Active
Listed by: NextHome South Sound • Daniel Benz
Price cut: $17.6K (8/6)
$299,950
1040 S 320th Street #5, Federal Way, WA 98003
2beds
1,088sqft
Condominium
Built in 1978
-- sqft lot
$299,600 Zestimate®
$276/sqft
$475/mo HOA
What's special
Cozy gas fireplaceNewer deckPrivate deckAll appliances stayBright open-concept main floorSpacious great room
- 96 days |
- 730 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Daniel Benz,
NextHome South Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2521262
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
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, 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: Main floor closet, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Laminate, Vinyl, Carpet
- Number of fireplaces: 1
- Fireplace features: Gas, 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: Two
- Stories: 2
- Patio & porch: Cooking-Electric, Dryer-Electric, Fireplace, Ground Floor, Washer, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Features: Paved, Sidewalk
Details
- Parcel number: 8682400270
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Condo (2 Levels)
- Property subtype: 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: Xfinity, Xfinity
Community & HOA
Community
- Features: Cable TV, Gated, Outside Entry
- Subdivision: Mirror Lake
HOA
- Services included: Common Area Maintenance, Gas, Sewer, Water
- HOA fee: $475 monthly
- HOA phone: 253-927-3076
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $290,000
- Annual tax amount: $3,245
- Date on market: 5/12/2026
- Cumulative days on market: 98 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$299,600
$285,000 - $315,000
$2,137/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $299,950-5.5%$276/sqft |
Source:  NWMLS as distributed by MLS GRID #2521262 Report a problem | ||
| 6/8/2026 | Price change | $317,500-1.4%$292/sqft |
Source: NWMLS as distributed by MLS GRID #2521262 Report a problem | ||
| 5/13/2026 | Listed for sale | $322,000+39.4%$296/sqft |
Source: NWMLS as distributed by MLS GRID #2521262 Report a problem | ||
| 7/19/2019 | Sold | $230,950+124.2%$212/sqft |
Source: NWMLS as distributed by MLS GRID #1475385 Report a problem | ||
| 10/15/2013 | Sold | $103,000+2%$95/sqft |
Source: NWMLS as distributed by MLS GRID #515361 Report a problem | ||
| 8/3/2013 | Pending sale | $101,000$93/sqft |
Source: Windermere Real Estate/South Sound, Inc. #515361 Report a problem | ||
| 7/13/2013 | Listed for sale | $101,000-29.6%$93/sqft |
Source: Windermere Real Estate/South Sound, Inc. #515361 Report a problem | ||
| 8/19/2005 | Sold | $143,500+105.1%$132/sqft |
Source: NWMLS as distributed by MLS GRID #25089491 Report a problem | ||
| 10/9/1998 | Sold | $69,950$64/sqft |
Source: Public Record 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
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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
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A local agent can set up tours, give advice and negotiate with sellers.
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