Welcome home to this beautifully maintained tri-level, tucked away on a quiet street and surrounded by lush, professionally landscaped grounds. Inside, you'll find a bright, open floor plan featuring durable laminate hardwood flooring and a cozy white brick wood-burning fireplace that creates a warm, inviting living space. The seamless flow between the living room, dining area, and kitchen makes everyday living and entertaining effortless. The kitchen is equipped with stainless steel appliances, warm wood cabinetry, and tile countertops with a coordinating backsplash. The spacious primary suite offers direct access to an updated bathroom with a double vanity and tub/shower combination. A second upstairs bedroom provides abundant natural light and generous closet space. The downstairs bedroom is complemented by a convenient ¾ bath and dedicated laundry area. Step outside to a fully fenced backyard featuring a covered patio and fire pit—ideal for year-round outdoor entertaining and relaxing.
Active
Listed by: Berkshire Hathaway HS NW • Cindy Lopez
$580,000
2601 SW 347th Street, Federal Way, WA 98023
3beds
1,440sqft
:
Get pre-qualified$3,522/mo
Single Family Residence
Built in 1981
7,000 Square Feet Lot
$574,900 Zestimate®
$403/sqft
$-- HOA
What's special
Covered patioSpacious primary suiteDurable laminate hardwood flooringFully fenced backyardWarm wood cabinetryBright open floor plan
- 36 days |
- 436 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Cindy Lopez,
Berkshire Hathaway HS NW,
Robert Carper,
Berkshire Hathaway HS NW
Source: NWMLS as distributed by MLS GRID,MLS#: 2551632
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Lower
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom three quarter
- Level: Lower
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, See Remarks, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Refrigerator(s), Water Heater: Gas, Water Heater Location: Garage
Features
- Dining Room
- Flooring: Laminate
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Attached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 1
- Uncovered spaces: 3
Features
- Levels: Three Or More
- Patio & porch: Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater
- Has view: Yes
- View description: See Remarks, Territorial
Lot
- Size: 7,000 Square Feet
- Features: Paved, Sidewalk, Cable TV, Fenced-Fully, Gas Available, Outbuildings, Patio, RV Parking
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 5029450230
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Tri-Level
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1981
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected
- Water: Public, Company: Lakehaven
Community & HOA
Community
- Subdivision: Madrona
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $403/sqft
- Tax assessed value: $479,000
- Annual tax amount: $4,974
- Date on market: 7/9/2026
- Cumulative days on market: 36 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$574,900
$546,000 - $604,000
$2,946/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $580,000+129.2%$403/sqft |
Source:  NWMLS as distributed by MLS GRID #2551632 Report a problem | ||
| 9/30/2005 | Sold | $253,000+40.6%$176/sqft |
Source: NWMLS as distributed by MLS GRID #25132721 Report a problem | ||
| 4/2/2003 | Sold | $180,000$125/sqft |
Source: NWMLS as distributed by MLS GRID #23023296 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,975 +6% | $479,000 +3.2% |
| 2024 | $4,693 +1% | $464,000 +10.5% |
| 2023 | $4,648 +2.7% | $420,000 -7.9% |
| 2022 | $4,525 +8.1% | $456,000 +24.6% |
| 2021 | $4,187 +24.1% | $366,000 +33.1% |
| 2020 | $3,374 +5.7% | $275,000 +4.2% |
| 2019 | $3,191 +8% | $264,000 +4.3% |
| 2018 | $2,955 -7.2% | $253,000 +14.5% |
| 2017 | $3,185 +22% | $221,000 +10.5% |
| 2016 | $2,611 | $200,000 +7.5% |
| 2015 | $2,611 | $186,000 +5.1% |
| 2014 | $2,611 | $177,000 +12.7% |
| 2013 | $2,611 | $157,000 +7.5% |
| 2012 | -- | $146,000 -18.4% |
| 2011 | -- | $179,000 -13.5% |
| 2010 | -- | $207,000 |
| 2009 | -- | $207,000 +2.5% |
| 2007 | -- | $202,000 +7.4% |
| 2006 | -- | $188,000 +3.3% |
| 2005 | -- | $182,000 +27.3% |
| 2001 | $1,933 +3.4% | $143,000 +7.5% |
| 2000 | $1,870 | $133,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Twin Lakes
Nearby schools
GreatSchools rating
- 5/10Sherwood Forest Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.7 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 2.6 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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A local agent can set up tours, give advice and negotiate with sellers.
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