Welcome to gated community Regency Ridge! This turnkey end-unit townhome offers comfort, privacy & exceptional value at the new price of $399K. The light-filled living & dining areas flow easily from the updated kitchen with white cabinets, granite counters, & stainless steel appliances. Enjoy the covered deck with greenbelt views or relax in the landscaped “secret garden.” Upstairs, the spacious primary bedroom features vaulted ceilings, plus a second bedroom & full bath. A rare 2nd deeded covered garage - on top of the attached garage provides 2 coveted covered parking spaces. Don't miss the community clubhouse for private events. Minutes from shopping, dining, freeways, and the new Federal Way Transit Center Station opening on 12/6/2025.
Sold
Listed by: Engel & Voelkers Seattle DT • Julie Fontanez-Laing
Bought with: Keller Williams Realty PS
$405,000
1940 S 368th Place #1940, Federal Way, WA 98003
2beds
1,405sqft
Condominium
Built in 1995
-- sqft lot
$395,400 Zestimate®
$288/sqft
$2,582 Estimated rent
Home value
$395,400
$364,000 - $427,000
$2,582/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Julie Fontanez-Laing,
Engel & Voelkers Seattle DT,
Roberto Laing,
Engel & Voelkers Seattle DT
Bought with:
Hannah Ranch, 122064
Keller Williams Realty PS
Source: NWMLS as distributed by MLS GRID,MLS#: 2429256
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Other
- 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, Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Electric, Water Heater Location: Utility Closet, Dryer-Electric, Washer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Engineered Hardwood, Laminate, Carpet
- Windows: Insulated Windows
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,405
- Total interior livable area: 1,405 sqft
Property
Parking
- Total spaces: 3
- Parking features: Individual Garage, Off Street
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: Multi/Split
- Entry location: Main
- Patio & porch: Dryer-Electric, End Unit, Fireplace, Insulated Windows, Primary Bathroom, Sprinkler System, Vaulted Ceilings, Walk-In Closet(s), Washer, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 1,406 Square Feet
- Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved, Secluded, Sidewalk
Details
- Parcel number: 7212450220
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
Materials
- Metal/Vinyl, Wood Siding
- Roof: Composition
Condition
- Year built: 1995
- Major remodel year: 1995
Utilities & green energy
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Cable TV, Clubhouse, Garden Space, Gated, Trail(s)
- Security: Security Service
- Subdivision: Enchanted Village
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Road Maintenance, Security
- HOA fee: $462 monthly
- HOA phone: 253-927-2076
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $417,000
- Annual tax amount: $2,604
- Date on market: 11/6/2025
- Cumulative days on market: 142 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2026 | Sold | $405,000+1.5%$288/sqft |
Source:  NWMLS as distributed by MLS GRID #2429256 Report a problem | ||
| 12/23/2025 | Pending sale | $399,000$284/sqft |
Source: NWMLS as distributed by MLS GRID #2429256 Report a problem | ||
| 12/5/2025 | Price change | $399,000-6.1%$284/sqft |
Source: NWMLS as distributed by MLS GRID #2429256 Report a problem | ||
| 9/6/2025 | Listed for sale | $425,000+114.1%$302/sqft |
Source: NWMLS as distributed by MLS GRID #2429256 Report a problem | ||
| 5/31/2005 | Sold | $198,500+25.2%$141/sqft |
Source: Public Record Report a problem | ||
| 5/23/2001 | Sold | $158,500+8.6%$113/sqft |
Source: Public Record Report a problem | ||
| 7/19/2000 | Sold | $146,000+20.8%$104/sqft |
Source: Public Record Report a problem | ||
| 6/25/1996 | Sold | $120,900$86/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,446 -6.1% | $401,000 |
| 2024 | $2,604 -43.2% | $401,000 -4.8% |
| 2023 | $4,583 +21.9% | $421,000 +9.9% |
| 2022 | $3,760 +6.2% | $383,000 +22.4% |
| 2021 | $3,542 -0.3% | $313,000 +6.1% |
| 2020 | $3,551 +4.9% | $295,000 +3.5% |
| 2019 | $3,385 +10.9% | $285,000 +7.1% |
| 2018 | $3,053 -9.6% | $266,000 +11.8% |
| 2017 | $3,375 +13.8% | $238,000 +2.1% |
| 2016 | $2,965 | $233,000 +15.3% |
| 2015 | $2,965 | $202,000 -1.5% |
| 2014 | $2,965 | $205,000 +51.9% |
| 2013 | $2,965 | $135,000 +13.4% |
| 2012 | -- | $119,000 -26.5% |
| 2011 | -- | $162,000 -22.1% |
| 2010 | -- | $208,000 |
| 2009 | -- | $208,000 -7.1% |
| 2007 | -- | $224,000 +24.4% |
| 2006 | -- | $180,000 +5.9% |
| 2005 | -- | $170,000 +29.8% |
| 2001 | $1,794 +3.7% | $131,000 +6.9% |
| 2000 | $1,730 | $122,500 |
Find assessor info on the county website
Neighborhood: 98003
Nearby homes
- $380,0002 bd2 ba1.1k sqft1920 S 368th Pl UNIT 205, Federal Way, WA 98003For Sale
- $380,0002 bd2 ba1.2k sqft1921 S 368th Pl #1004, Federal Way, WA 98003Sold
- $395,0002 bd2 ba1.1k sqft1916 S 368th Pl #202, Federal Way, WA 98003Sold
- $400,0002 bd3 ba1.1k sqft1936 S 368th Pl #209, Federal Way, WA 98003Sold
- $335,0002 bd2 ba1k sqft1976 S 368th Pl #405, Federal Way, WA 98003Sold
- $380,0002 bd2 ba1.2k sqft2026 S 368th Pl, Federal Way, WA 98003Sold
- $387,5002 bd3 ba1.1k sqft1912 S 368th Pl, Federal Way, WA 98003Sold
- $415,0002 bd2 ba1.2k sqft1921 S 368th Pl, Federal Way, WA 98003Sold
Nearby schools
GreatSchools rating
- 4/10Rainier View Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Rainier View Elem
- Middle: Sequoyah Mid Sch
- High: Todd Beamer 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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Estimated market value
$395,400
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
$395,400
- Washington
- King County
- Federal Way
- 98003
- 1940 S 368th Place Unit 1940
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