Skip main navigation
Sold
    • Listed by: Orchard Brokerage, LLC • Antonio Calimano Montanez
    Bought with: COMPASS
    $440,000

    2221 SW 306th Pl, Federal Way, WA 98023

    3beds
    1,910sqft
    Single Family Residence
    Built in 1976
    10,149 Square Feet Lot
    $520,900 Zestimate®
    $230/sqft
    $3,271 Estimated rent

    Home value

    $520,900

    $495,000 - $547,000

    $3,271/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,271/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,271/mo

    Rent Zestimate®

    Refinance and save

    $2,718/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $2,718/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Calling all visionaries, contractors, and value-add investors! This split-level home in a quiet, established Federal Way neighborhood is a rare opportunity to build serious equity through sweat and smart renovation. Originally built in 1976, this 3-bedroom home offers a classic split-level layout with distinct living spaces on each level — a floor plan that has stood the test of time and just needs your vision to shine again.Yes, this home needs love — plenty of it — but that's exactly where the opportunity lies. Priced to reflect its condition, this is your chance to secure a home in a desirable pocket of Federal Way at a fraction of market-ready pricing, then customize every finish to your own taste.This location works in your favor: tucked into an established residential street with mature landscaping and long-time neighbors, it's convenient to Highway 99 and I-5 for an easy commute, and just minutes from Dash Point State Park and Beach, French Lake Off-Leash Dog Park, and Alderdale Park. Everyday essentials are close by too, with Safeway, Fred Meyer, and QFC nearby, along with local favorites like Bigfoot Java and JP's Tavern. Federal Way's housing market has shown strong, consistent demand, making this a smart long-term hold or flip.The bones are here — the potential is yours to unlock. Whether you're an investor looking for your next project, a contractor ready to add value, or a buyer with a vision and some DIY grit, this split-level offers the space and structure.

    Zillow last checked:

    Listing updated:

    Offers reviewed: Aug 17
    Listed by:

    Antonio Calimano Montanez,

    Orchard Brokerage, LLC

    Bought with:

    Ian M. McRae, 21009296

    COMPASS

    Source: NWMLS as distributed by MLS GRID,MLS#: 2561710MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bathroom full
    • Level: Second
    Bathroom full
    • Level: Second
    Other
    • Level: Lower
    Heating
    • Fireplace, Forced Air, Electric
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Microwave(s), Refrigerator(s)
    Features
    • Ceiling Fan(s), Dining Room
    • Flooring: Ceramic Tile, Engineered Hardwood, Vinyl, Carpet
    • Basement: Finished
    • Number of fireplaces: 1
    • Fireplace features: Gas, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 1,910
    • Total interior livable area: 1,910 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached Garage
    • Has attached garage: Yes
    • Covered spaces: 2
    • Uncovered spaces: 2
    Features
    • Levels: Three Or More
    • Patio & porch: Ceiling Fan(s), Dining Room, Fireplace, Vaulted Ceiling(s)
    Lot
    • Size: 10,149 Square Feet
    • Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Partially, Gas Available, Patio
    Details
    • Parcel number: 4167300290
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Tri-Level
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1976
    • Major remodel year: 1976

    Utilities & green energy

    • Sewer: Available
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Federal Way
    Location
    • Region: Federal Way

    Financial & listing details

    • Price per square foot: $230/sqft
    • Tax assessed value: $547,000
    • Annual tax amount: $5,657
    • Offers reviewed: 08/17/2026
    • Date on market: 8/11/2026
    • Cumulative days on market: 9 days
    • Listing terms: Conventional
    • Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)

    Price history

    DateEventPrice
    8/20/2026Sold$440,000-15.4%$230/sqft
    Source: NWMLS as distributed by MLS GRID #2561710 Report a problem
    8/13/2026Pending sale$520,000$272/sqft
    Source: NWMLS as distributed by MLS GRID #2561710 Report a problem
    8/11/2026Listed for sale$520,000$272/sqft
    Source: NWMLS as distributed by MLS GRID #2561710 Report a problem
    8/7/2026Pending sale$520,000$272/sqft
    Source: NWMLS as distributed by MLS GRID #2561710 Report a problem
    8/1/2026Listed for sale$520,000+293.9%$272/sqft
    Source: NWMLS as distributed by MLS GRID #2561710 Report a problem
    7/28/1995Sold$132,000$69/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,657 +11.9%$547,000 +9.6%
    2024$5,054 +1.6%$499,000 +10.6%
    2023$4,976 +3.3%$451,000 -7.4%
    2022$4,820 +7%$487,000 +23.3%
    2021$4,505 +15.2%$395,000 +23.1%
    2020$3,912 +5%$321,000 +3.5%
    2019$3,727 +7%$310,000 +3.3%
    2018$3,483 -11.2%$300,000 +9.5%
    2017$3,924 +24%$274,000 +11.4%
    2016$3,165 $246,000 +6.5%
    2015$3,165 $231,000 +6.9%
    2014$3,165 $216,000 +9.6%
    2013$3,165 $197,000 +4.8%
    2012-- $188,000 -6.5%
    2011-- $201,000 -15.9%
    2010-- $239,000
    2009-- $239,000 +1.3%
    2007-- $236,000 +9.3%
    2006-- $216,000 +6.4%
    2005-- $203,000 +26.9%
    2001$2,154 +3.3%$160,000 +7.4%
    2000$2,085 $149,000
    Find assessor info on the county website

    Neighborhood: Adelaide

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Adelaide Elem
    • Middle: Lakota Mid Sch
    • 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.

    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
    $520,900
    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
    $520,900

    Nearby cities

    Nearby neighborhoods

    Nearby zip codes

    Other Federal Way Topics

      Search
      Updates
      Favorites
      Plan
      Inbox