INCREDIBLE OPPORTUNITY AT STEEL LAKE!! Calling all investors, contractors, flippers, and visionaries! This property has so much potential you won't know where to start. The 3/4+ Acre lot located in the charming Barkers Steel Lake neighborhood offers easy privacy on its tree-lined street AND the convenience of the Federal Way Commons shopping and Redondo Beach recreation! Currently, a 3 Bed, 1.5 Bath, 2750 sqft rambler comfortably sits back off the road with room to spare if you're into DADUs or looking to subdivide. You decide! Easy access to I5, Hwys 167 & 18, the current and future light rail, Dash Point State Park, and so much more! This location? This price? This lot size?! You found a once-in-a-lifetime deal! What are you waiting for?
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Listed by: Keller Williams Realty
Bought with: Keller Williams Realty
$975,000
31026 20th Avenue S, Federal Way, WA 98003
3beds
2,750sqft
Single Family Residence
Built in 1954
0.75 Acres Lot
$846,200 Zestimate®
$355/sqft
$3,045 Estimated rent
Home value
$846,200
$762,000 - $922,000
$3,045/mo
Zestimate® history
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$5,779/mo
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List your homeWhat's special
Tree-lined streetFederal way commons shoppingLight railDash point state park
Zillow last checked:
Listing updated:
Offers reviewed: Feb 24
Listed by:
Nancy L. Lee,
Keller Williams Realty,
Shawn Maxey,
Terry Wise & Associates
Bought with:
Cassie Morrow, 20121829
Keller Williams Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2201717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Electric
Cooling
- None
Features
- Dining Room
- Flooring: Stone, Carpet
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Property
Parking
- Total spaces: 1
- Parking features: RV Parking, Driveway, Detached Garage, Off Street
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Wall to Wall Carpet, Dining Room, Fireplace
Lot
- Size: 0.75 Acres
- Dimensions: 110 x 299
- Features: Paved, Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 0537000585
- Zoning description: RS7,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fixer
- Year built: 1954
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven Water
- Water: Public, Company: Lakehaven Water
Community & neighborhood
Location
- Region: Federal Way
- Subdivision: Steel Lake
Other
Other facts
- Listing terms: See Remarks
- Cumulative days on market: 755 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $975,000+95%$355/sqft |
Source: Public Record Report a problem | ||
| 3/4/2024 | Sold | $500,000+53.8%$182/sqft |
Source:  NWMLS as distributed by MLS GRID #2201717 Report a problem | ||
| 2/23/2024 | Pending sale | $325,000$118/sqft |
Source: NWMLS as distributed by MLS GRID #2201717 Report a problem | ||
| 2/20/2024 | Listed for sale | $325,000$118/sqft |
Source: NWMLS as distributed by MLS GRID #2201717 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,738 -1.8% | $550,000 -5.7% |
| 2024 | $5,840 +0.3% | $583,000 +9.8% |
| 2023 | $5,823 | $531,000 -17.5% |
| 2022 | -- | $644,000 +391.6% |
| 2021 | $316 -6.5% | $131,000 |
| 2020 | $338 +0% | $131,000 |
| 2019 | $338 -1.8% | $131,000 |
| 2018 | $344 -3.9% | $131,000 -62.1% |
| 2017 | $358 -8.7% | $346,000 +8.5% |
| 2016 | $392 | $319,000 +11.5% |
| 2015 | $392 | $286,000 +13.5% |
| 2014 | $392 | $252,000 +18.3% |
| 2013 | $392 | $213,000 +4.9% |
| 2012 | -- | $203,000 +55% |
| 2011 | -- | $131,000 +23.6% |
| 2010 | -- | $106,000 |
| 2009 | -- | $106,000 -52.3% |
| 2007 | -- | $222,000 +5.7% |
| 2006 | -- | $210,000 +60.3% |
| 2005 | -- | $131,000 |
| 2001 | $705 -5.1% | $131,000 |
| 2000 | $744 | $131,000 |
Find assessor info on the county website
Neighborhood: Steel Lake
Nearby schools
GreatSchools rating
- 5/10Wildwood Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Sacajawea Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Wildwood Elem
- Middle: Sacajawea Jnr High
- High: Federal Way Snr 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
$846,200
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
$846,200
- Washington
- King County
- Federal Way
- 98003
- Steel Lake
- 31026 20th Avenue S
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