Don’t let first impressions fool you—this spacious 4-bedroom, 2.25-bath rambler with a finished basement offers around 2,200 square feet of flexible living space, perfect for a variety of needs. Situated on a corner lot with mature landscaping and a fully fenced backyard, the home provides both privacy and convenient access to freeways, shopping, and schools. This home features numerous upgrades throughout. The open-concept, gourmet-sized kitchen is perfect for entertaining--allowing you to cook while staying connected with guests. Enjoy stainless steel appliances, updated countertops, backsplash, flooring, and fresh interior paint. Charming farmhouse-style all-wood cabinetry, updated lighting, and wood-wrapped windows add warmth and character. Natural light fills the home thanks to skylights, creating a bright & inviting atmosphere. The finished basement offers excellent potential for an ADU or MIL setup, ideal for multi-generational living or additional income opportunities. Step outside to a low-maintenance deck with durable Trex-style decking-no painting required. With its smart layout and generous space, this home delivers a big-home feel in a comfortable, manageable footprint. This home also comes with free access rights to Mirror Lake, which is stocked with fish and is great for kayaks and other non gas powered water craft, and there is a dog park nearby!
Sold
Listed by: Gateway Real Estate • Lorraine Gakin
Bought with: RE/MAX Northwest
$669,950
31203 2nd Avenue SW, Federal Way, WA 98023
4beds
2,200sqft
Single Family Residence
Built in 1963
9,121 Square Feet Lot
$665,800 Zestimate®
$305/sqft
$3,074 Estimated rent
Home value
$665,800
$619,000 - $719,000
$3,074/mo
Zestimate® history
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List your homeWhat's special
Charming farmhouse-style all-wood cabinetryOpen-concept gourmet-sized kitchenMature landscapingFinished basementWood-wrapped windowsUpdated lightingUpdated countertops
Zillow last checked:
Listing updated:
Listed by:
Lorraine Gakin,
Gateway Real Estate
Bought with:
Gretchen L Allen, 24008442
RE/MAX Northwest
Source: NWMLS as distributed by MLS GRID,MLS#: 2506437
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, See Remarks, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Washer(s)
Features
- Bath Off Primary, Dining Room
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Finished
- Has fireplace: No
- Fireplace features: Gas
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Skylight(s), Walk-In Closet(s)
Lot
- Size: 9,121 Square Feet
- Features: Corner Lot, Paved, Cable TV, Deck, Fenced-Fully, Gas Available, Outbuildings
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 5557500010
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1963
- Major remodel year: 1963
Utilities & green energy
- Electric: Company: pse
- Sewer: Sewer Connected, Company: lake haven
- Water: Public, Company: lakehaven
Community & HOA
Community
- Subdivision: Mirror Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $305/sqft
- Tax assessed value: $559,000
- Annual tax amount: $770
- Date on market: 6/11/2026
- Cumulative days on market: 41 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), See Remarks, Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $669,950$305/sqft |
Source:  NWMLS as distributed by MLS GRID #2506437 Report a problem | ||
| 5/1/2026 | Pending sale | $669,950$305/sqft |
Source: NWMLS as distributed by MLS GRID #2506437 Report a problem | ||
| 4/15/2026 | Listed for sale | $669,950$305/sqft |
Source: NWMLS as distributed by MLS GRID #2506437 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $793 +3.1% | $372,000 |
| 2024 | $770 -4.2% | $372,000 |
| 2023 | $803 | $372,000 |
| 2022 | -- | $372,000 |
| 2021 | $2,212 -12.9% | $372,000 -6.8% |
| 2020 | $2,539 -42.9% | $399,000 +7.3% |
| 2019 | $4,450 +8.2% | $372,000 +4.5% |
| 2018 | $4,113 -5% | $356,000 +17.5% |
| 2017 | $4,328 +30.3% | $303,000 +17.9% |
| 2016 | $3,321 | $257,000 +7.5% |
| 2015 | $3,321 | $239,000 +5.3% |
| 2014 | $3,321 | $227,000 +34.3% |
| 2013 | $3,321 | $169,000 +5% |
| 2012 | -- | $161,000 -18.3% |
| 2011 | -- | $197,000 -13.2% |
| 2010 | -- | $227,000 |
| 2009 | -- | $227,000 +11.3% |
| 2007 | -- | $204,000 +7.4% |
| 2006 | -- | $190,000 +8% |
| 2005 | -- | $176,000 +23.9% |
| 2001 | $1,920 +3.4% | $142,000 +7.6% |
| 2000 | $1,856 | $132,000 |
Find assessor info on the county website
Neighborhood: Mirror Lake
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GreatSchools rating
- 2/10Lake Grove Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Federal Way Senior High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$665,800
Get a cash offer in 3 minutes
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Estimated market value
$665,800
- Washington
- King County
- Federal Way
- 98023
- Mirror Lake
- 31203 2nd Avenue SW
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