RAMBLER. SHOP. POTENTIAL.Why pay for someone else’s remodel when you can create the one you actually want? First time on the market in 58 YEARS, this mid-century rambler in Federal Way sits on a sunny ¼-acre corner lot and offers the kind of opportunity buyers keep hoping to find. The home has great bones, a flexible layout, and plenty of livable space while you update over time. Three bedrooms are tucked on one side of the home, while a large family room anchors the opposite end with a formal living room in-between. The cozy kitchen features a garden window overlooking the backyard, and French doors from the dining room lead to the patio for easy indoor-outdoor living. Outside, the 750 square foot, detached shop/garage sits at the corner of the lot, leaving the yard open for fruit trees, gardens, play space, or even a future sports court. Another rare bonus for this neighborhood: connected to sewer, not septic which gives you tons of flexibility for yard projects. Located just minutes from shopping, dining, entertainment, and easy access to I-5, Hwy 167, and Hwy 18. If you’ve been searching for a Federal Way rambler with a large yard, detached shop, and the chance to remodel to your own taste, this is the kind of opportunity buyers wait years for. Homes with this much yard space, a shop, and sewer service in Federal Way rarely come available at this price point.
Sold
Listed by: Real Broker LLC
Bought with: Real Broker LLC
$535,000
2504 S 365th Place, Federal Way, WA 98003
3beds
1,340sqft
Single Family Residence
Built in 1968
0.27 Acres Lot
$529,900 Zestimate®
$399/sqft
$2,697 Estimated rent
Home value
$529,900
$493,000 - $572,000
$2,697/mo
Zestimate® history
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$3,217/mo
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List your homeWhat's special
Cozy kitchenPlenty of livable spaceLarge yardFlexible layout
Zillow last checked:
Listing updated:
Listed by:
Laura Papritz,
Real Broker LLC
Bought with:
Alan Santiago, 23022848
Real Broker LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2493617
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Living Room
Features
- Ceiling Fan(s), Dining Room
- Flooring: Vinyl, Carpet
- Doors: French Doors
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Electric, Wood Burning, Main Level: 2, Fireplace
Interior area
- Total interior livable area: 1,340 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Detached Garage, Off Street
- Has garage: Yes
- Covered spaces: 2
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.27 Acres
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Fenced-Fully, Outbuildings, Patio, Shop
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 2268000410
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mid-Century Modern,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1968
- Major remodel year: 1968
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven Sewer
- Water: Public, Company: Lakehaven Water
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Enchanted Village
Other
Other facts
- Listing terms: Conventional,FHA,Rehab Loan,State Bond,VA Loan
- Cumulative days on market: 10 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $535,000$399/sqft |
Source:  NWMLS as distributed by MLS GRID #2493617 Report a problem | ||
| 4/6/2026 | Pending sale | $535,000$399/sqft |
Source: NWMLS as distributed by MLS GRID #2493617 Report a problem | ||
| 4/1/2026 | Listed for sale | $535,000$399/sqft |
Source: NWMLS as distributed by MLS GRID #2493617 Report a problem | ||
| 3/24/2026 | Pending sale | $535,000$399/sqft |
Source: NWMLS as distributed by MLS GRID #2493617 Report a problem | ||
| 3/19/2026 | Listed for sale | $535,000$399/sqft |
Source: NWMLS as distributed by MLS GRID #2493617 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,660 +4.8% | $508,000 +3% |
| 2024 | $5,400 -1.7% | $493,000 +8.1% |
| 2023 | $5,494 +3.8% | $456,000 -7.3% |
| 2022 | $5,295 +9% | $492,000 +27.1% |
| 2021 | $4,857 +9.9% | $387,000 +18.7% |
| 2020 | $4,421 +4.1% | $326,000 +3.8% |
| 2019 | $4,246 +8.6% | $314,000 +5.7% |
| 2018 | $3,911 -12.7% | $297,000 +4.9% |
| 2017 | $4,478 +24.3% | $283,000 +16.9% |
| 2016 | $3,604 | $242,000 +1.3% |
| 2015 | $3,604 | $239,000 +6.2% |
| 2014 | $3,604 | $225,000 +21% |
| 2013 | $3,604 | $186,000 +2.8% |
| 2012 | -- | $181,000 -6.2% |
| 2011 | -- | $193,000 -7.7% |
| 2010 | -- | $209,000 |
| 2009 | -- | $209,000 -4.1% |
| 2007 | -- | $218,000 +11.8% |
| 2006 | -- | $195,000 +6% |
| 2005 | -- | $184,000 +27.8% |
| 2001 | $2,007 +16.5% | $144,000 +21% |
| 2000 | $1,722 | $119,000 |
Find assessor info on the county website
Neighborhood: 98003
Nearby schools
GreatSchools rating
- 4/10Rainier View Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 0.7 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
$529,900
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
$529,900
- Washington
- King County
- Federal Way
- 98003
- 2504 S 365th Place
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