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  • Listed by: John L. Scott, Inc • Harry Eng
    Price cut: $20K (9/30)
    $550,000

    1623 SW 331st Place, Federal Way, WA 98023

    3beds
    1,300sqft
    : 
    $3,602/mo
    Get pre-qualified
    Single Family Residence
    Built in 1992
    6,272 Square Feet Lot
    $546,800 Zestimate®
    $423/sqft
    $-- HOA

    What's special

    Open floor planHigh ceilingsAbundant natural light throughoutSpacious primary suiteWalk-in closetLight-filled ramblerEntrance skylight
    Welcome to the Alderbrook Community! Desirable, light-filled rambler featuring an open floor plan, high ceilings, and abundant natural light throughout. A south-facing, fully fenced backyard provides wonderful year-round brightness and a welcoming space for outdoor enjoyment. This well-maintained home features a newer 30-year roof, cedar wood siding, fresh interior and exterior paint, and vinyl flooring throughout. An entrance skylight adds even more natural light. The inviting living and dining areas offer comfortable spaces for everyday living and entertaining, with a cozy gas fireplace in the dining room. The kitchen features tile flooring, a ceiling fan, abundant cabinet space, a raised eating bar, and direct access to the patio and backyard. The spacious primary suite includes a private full bath with double sinks and a walk-in closet. An additional full hallway bath conveniently serves the rest of the home. Outside, enjoy a fully fenced backyard with a garden area and storage shed. A side-yard gate with a paved walkway provides convenient access to the backyard. A large two-car garage offers plenty of room for parking and storage. Ideally located near parks, schools, shopping, dining, and major commuter routes, this bright and comfortable Alderbrook rambler is ready to welcome you home.
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Harry Eng,

    John L. Scott, Inc

    Source: NWMLS as distributed by MLS GRID,MLS#: 2573997MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Bathroom full
      • Level: Main
      Dining room
      • Level: Main
      Entry hall
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Living room
      • Level: Main
      Utility room
      • Level: Main
      Heating
      • Fireplace, High Efficiency (Unspecified), Electric, Natural Gas
      Cooling
      • High Efficiency (Unspecified)
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Refrigerator(s)
      Features
      • Bath Off Primary, Dining Room
      • Flooring: Ceramic Tile, Laminate
      • Windows: Dbl Pane/Storm Window, Skylight(s)
      • Number of fireplaces: 1
      • Fireplace features: Gas, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 1,300
      • Total interior livable area: 1,300 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached Garage
      • Has attached garage: Yes
      • Covered spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Main
      • Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s)
      Lot
      • Size: 6,272 Square Feet
      • Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio
      • Topography: Level
      • Residential vegetation: Garden Space
      Details
      • Parcel number: 0104570230
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: 1 Story
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Year built: 1992

      Utilities & green energy

      • Electric: Company: PSE
      • Sewer: Sewer Connected, Company: Lakehaven Utility
      • Water: Public, Company: Lakehaven Utility

      Community & HOA

      Community
      • Subdivision: Alderbrook
      Location
      • Region: Federal Way

      Financial & listing details

      • Price per square foot: $423/sqft
      • Tax assessed value: $523,000
      • Annual tax amount: $5,386
      • Date on market: 8/27/2026
      • Listing terms: Conventional,FHA,VA Loan
      • Inclusions: Dishwasher(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)

        Estimated market value

        $546,800

        $519,000 - $574,000

        $2,742/mo

        Price history

        DateEventPrice
        9/30/2026Price change$550,000-3.5%$423/sqft
        Source: NWMLS as distributed by MLS GRID #2573997 Report a problem
        8/27/2026Listed for sale$570,000+175.4%$438/sqft
        Source: NWMLS as distributed by MLS GRID #2573997 Report a problem
        12/24/2015Listing removed$1,600$1/sqft
        Source: John L. Scott Real Estate Report a problem
        12/19/2015Listed for rent$1,600$1/sqft
        Source: John L. Scott Real Estate Report a problem
        2/20/2004Sold$206,950+20.3%$159/sqft
        Source: NWMLS as distributed by MLS GRID #24000637 Report a problem
        4/3/2001Sold$172,000+14.7%$132/sqft
        Source: NWMLS as distributed by MLS GRID #21017238 Report a problem
        3/30/1998Sold$150,000$115/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,386 +6.4%$523,000 +3.8%
        2024$5,061 +0.6%$504,000 +10.5%
        2023$5,029 +3.3%$456,000 -7.3%
        2022$4,867 +8.3%$492,000 +24.9%
        2021$4,494 +13.2%$394,000 +20.9%
        2020$3,971 +3%$326,000 +1.6%
        2019$3,856 +7.9%$321,000 +4.2%
        2018$3,573 -8.6%$308,000 +12.8%
        2017$3,910 +22.4%$273,000 +10.5%
        2016$3,193 $247,000 +7.4%
        2015$3,193 $230,000 +5.5%
        2014$3,193 $218,000 +26%
        2013$3,193 $173,000 -1.1%
        2012-- $175,000 -9.8%
        2011-- $194,000 -12.6%
        2010-- $222,000
        2009-- $222,000 -0.4%
        2007-- $223,000 +6.2%
        2006-- $210,000 +8.2%
        2005-- $194,000 +20.5%
        2001$2,167 +6.7%$161,000 +11%
        2000$2,031 $145,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Alderbrook

        Getting around

        40 / 100
        Car-Dependent
        39 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Silver Lake Elem
        • Middle: Illahee Jnr High
        • High: Decatur 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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