Attention developers and investors! First time on the market and so much potential. The layout and style of this home is unlike any home in the area. The exterior welcomes you with arched windows and wrought iron grills, stucco and a tile roof emanating a Spanish feel. You will be amazed at the storage in this home! Upon entering, you'll find a sunken living room with a gorgeous brick fireplace. Up a couple of steps, you'll find the kitchen with eat-in space and dining room. Down a couple of steps is the finished basement area with a half-bath plus more! Upon entering and going up a few steps, you'll find 3 bedrooms and a full bath as well as the primary suite.
Sold
Listed by: NextHome Northwest Group • Katrina Christensen
Bought with: Specialty Real Estate Group
$785,000
2511 SW 347th Street, Federal Way, WA 98023
4beds
2,540sqft
Single Family Residence
Built in 1975
3.81 Acres Lot
$762,900 Zestimate®
$309/sqft
$3,851 Estimated rent
Home value
$762,900
$702,000 - $832,000
$3,851/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Katrina Christensen,
NextHome Northwest Group
Bought with:
Bryan Le, 21036798
Specialty Real Estate Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2292786
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Other
- Level: Lower
Other
- Level: Lower
Dining room
- Level: Split
Entry hall
- Level: Main
Kitchen with eating space
- Level: Split
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric, Wood
Cooling
- None
Appliances
- Included: Dishwasher(s), Stove(s)/Range(s)
Features
- Bath Off Primary, Central Vacuum, Dining Room
- Flooring: Vinyl, Carpet
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,540
- Total interior livable area: 2,540 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, RV Parking
- Attached garage spaces: 2
Features
- Levels: Multi/Split
- Entry location: Main
- Patio & porch: Bath Off Primary, Built-In Vacuum, Dining Room, Fireplace
Lot
- Size: 3.81 Acres
- Features: Dead End Street, Cable TV, Outbuildings, RV Parking
- Residential vegetation: Brush, Wooded
Details
- Parcel number: 2421039039
- Zoning: RS7.2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multi Level
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Poured Concrete
- Roof: Tile
Condition
- Average
- Year built: 1975
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Public, Company: Lakehaven Water
Community & HOA
Community
- Subdivision: Twin Lakes
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $309/sqft
- Tax assessed value: $708,000
- Annual tax amount: $1,051
- Date on market: 3/20/2025
- Cumulative days on market: 489 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Stove(s)/Range(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2025 | Sold | $785,000-17.4%$309/sqft |
Source:  NWMLS as distributed by MLS GRID #2292786 Report a problem | ||
| 6/4/2025 | Pending sale | $950,000+15.2%$374/sqft |
Source:  NextHome #2292786 Report a problem | ||
| 5/28/2025 | Price change | $825,000-13.2%$325/sqft |
Source: NWMLS as distributed by MLS GRID #2292786 Report a problem | ||
| 5/22/2025 | Price change | $950,000+8.6%$374/sqft |
Source: NextHome #2292786 Report a problem | ||
| 5/22/2025 | Listed for sale | $875,000$344/sqft |
Source: NWMLS as distributed by MLS GRID #2292786 Report a problem | ||
| 5/9/2025 | Pending sale | $875,000$344/sqft |
Source: NWMLS as distributed by MLS GRID #2292786 Report a problem | ||
| 4/26/2025 | Price change | $875,000-7.9%$344/sqft |
Source: NWMLS as distributed by MLS GRID #2292786 Report a problem | ||
| 1/31/2025 | Listed for sale | $950,000$374/sqft |
Source: NextHome #2292786 Report a problem | ||
| 11/4/2024 | Pending sale | $950,000$374/sqft |
Source: NextHome #2292786 Report a problem | ||
| 10/3/2024 | Listed for sale | $950,000$374/sqft |
Source: NextHome #2292786 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,210 +626.2% | $708,000 +45.4% |
| 2024 | $993 -5.6% | $487,000 |
| 2023 | $1,051 -82.4% | $487,000 |
| 2022 | $5,963 +8.1% | $487,000 |
| 2021 | $5,516 -7.1% | $487,000 -1.4% |
| 2020 | $5,937 +5.3% | $494,000 +4.2% |
| 2019 | $5,641 +8.1% | $474,000 +4.4% |
| 2018 | $5,216 -7.3% | $454,000 +14.6% |
| 2017 | $5,625 +22.7% | $396,000 +10.6% |
| 2016 | $4,585 | $358,000 +7.5% |
| 2015 | $4,585 | $333,000 +5.4% |
| 2014 | $4,585 | $316,000 +51.9% |
| 2013 | $4,585 | $208,000 +7.2% |
| 2012 | -- | $194,000 -14.9% |
| 2011 | -- | $228,000 -13.3% |
| 2010 | -- | $263,000 |
| 2009 | -- | $263,000 -30.4% |
| 2007 | -- | $378,000 +7.7% |
| 2006 | -- | $351,000 +19% |
| 2005 | -- | $295,000 +0.7% |
| 2001 | $3,882 +5.3% | $293,000 +9.3% |
| 2000 | $3,687 | $268,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
Nearby homes
- $580,0003 bd2 ba1.4k sqft2601 SW 347th St, Federal Way, WA 98023For Sale
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- $1,170,0008 bd6 ba4.1k sqft2411 SW 346th St, Federal Way, WA 98023Sold
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- $583,0003 bd3 ba1.6k sqft2211 SW 346th St, Federal Way, WA 98023Sold
- $620,0004 bd3 ba1.8k sqft2313 SW 349th Pl, Federal Way, WA 98023Sold
Nearby schools
GreatSchools rating
- 5/10Sherwood Forest Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.6 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Sherwood Forest Elem
- Middle: Illahee Jnr High
- 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
$762,900
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
$762,900
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 2511 SW 347th Street
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