Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on a spacious corner lot in a highly sought-after neighborhood. Surrounded by mature trees, this residence offers an inviting blend of indoor and outdoor living. Step inside to soaring vaulted ceilings and a cozy wood burning fireplace in the expansive living room, where large windows fill the space with natural light. The gourmet kitchen is a chef’s delight, featuring rich wood cabinetry with soft close drawers, granite countertops, stainless steel appliances, and a large island with seating that seamlessly connects to the dining area. Adjacent family room provides flexible space for relaxing or entertaining. Retreat to the primary suite with double closets, private ensuite, and direct access to the beautiful back deck. Three generously sized additional bedrooms can also be used for a home office, or hobbies. There is also a bonus/flex room. Enjoy laminate hardwood floors, designer fixtures, energy-efficient windows, and a newly insulated crawl space and attic. Outside, a huge backyard deck is perfect for gatherings, complemented by a fully fenced yard and oversized two-car detached garage/shop. Upgrades include AC, tankless water heater, and an enhanced electrical panel. Conveniently located near schools, shopping, restaurants, and easy freeway access. Don’t miss out on this exceptional opportunity to call this remarkable property your home!
Contingent
Listed by: Person Real Estate Group LLC
Price cut: $10K (6/11)
$625,000
3131 S 368th Street, Federal Way, WA 98003
4beds
2,110sqft
Single Family Residence
Built in 1940
0.29 Acres Lot
$623,000 Zestimate®
$296/sqft
$-- HOA
What's special
Cozy wood burning fireplaceDesigner fixturesGourmet kitchenLaminate hardwood floorsLarge island with seatingSurrounded by mature treesSpacious corner lot
- 76 days |
- 684 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Williams,
Person Real Estate Group LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2507748
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Other
- 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, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Water Heater: Tankless/Gas, Water Heater Location: Utility Room
Features
- Bath Off Primary, High Tech Cabling
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,110
- Total interior livable area: 2,110 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Fireplace, High Tech Cabling, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.29 Acres
- Features: Corner Lot, Paved, Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 3321049046
- Zoning: R4
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1940
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Lakehaven Utility
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: 5 Mile Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $626,000
- Annual tax amount: $6,439
- Date on market: 4/15/2026
- Cumulative days on market: 78 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
Estimated market value
$623,000
$592,000 - $654,000
$3,585/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Price change | $625,000-1.6%$296/sqft |
Source:  NWMLS as distributed by MLS GRID #2507748 Report a problem | ||
| 5/14/2026 | Price change | $635,000-2.3%$301/sqft |
Source: NWMLS as distributed by MLS GRID #2507748 Report a problem | ||
| 4/30/2026 | Price change | $650,000-2.2%$308/sqft |
Source: NWMLS as distributed by MLS GRID #2507748 Report a problem | ||
| 4/16/2026 | Listed for sale | $664,950+80.7%$315/sqft |
Source: NWMLS as distributed by MLS GRID #2507748 Report a problem | ||
| 12/23/2016 | Sold | $367,950$174/sqft |
Source: NWMLS as distributed by MLS GRID #939020 Report a problem | ||
| 12/5/2016 | Pending sale | $367,950$174/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 11/21/2016 | Listed for sale | $367,950$174/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 11/14/2016 | Pending sale | $367,950$174/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 9/14/2016 | Price change | $367,950-0.5%$174/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 8/11/2016 | Price change | $369,950-2.6%$175/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 7/22/2016 | Listed for sale | $379,950$180/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 7/11/2016 | Pending sale | $379,950$180/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 7/9/2016 | Price change | $379,950-5%$180/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 5/26/2016 | Price change | $399,950-5.9%$190/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 5/19/2016 | Price change | $424,950-5.6%$201/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 5/8/2016 | Listed for sale | $449,950+148.5%$213/sqft |
Source: Windermere Real Estate/East, Inc. #939020 Report a problem | ||
| 1/13/2016 | Sold | $181,100+0.6%$86/sqft |
Source: Public Record Report a problem | ||
| 7/20/2015 | Price change | $180,000-10%$85/sqft |
Source: Better Properties South Hill #759537 Report a problem | ||
| 5/14/2015 | Price change | $199,950-9.5%$95/sqft |
Source: Better Properties South Hill #759537 Report a problem | ||
| 3/31/2015 | Listed for sale | $221,000$105/sqft |
Source: Better Properties South Hill #759537 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,887 +7% | $626,000 +5.4% |
| 2024 | $6,438 -5.9% | $594,000 +3.3% |
| 2023 | $6,838 +3.9% | $575,000 -7.3% |
| 2022 | $6,583 +9.1% | $620,000 +27.3% |
| 2021 | $6,033 +10.1% | $487,000 +18.8% |
| 2020 | $5,481 +4.2% | $410,000 +3.8% |
| 2019 | $5,262 +8.6% | $395,000 +5.6% |
| 2018 | $4,847 +18.9% | $374,000 +46.1% |
| 2017 | $4,075 +24.6% | $256,000 +16.9% |
| 2016 | $3,269 | $219,000 +1.4% |
| 2015 | $3,269 | $216,000 +6.4% |
| 2014 | $3,269 | $203,000 +20.8% |
| 2013 | $3,269 | $168,000 +2.4% |
| 2012 | -- | $164,000 -16.3% |
| 2011 | -- | $196,000 -7.5% |
| 2010 | -- | $212,000 |
| 2009 | -- | $212,000 -4.1% |
| 2007 | -- | $221,000 +20.1% |
| 2006 | -- | $184,000 +5.7% |
| 2005 | -- | $174,000 +31.8% |
| 2001 | $1,847 -2.8% | $132,000 |
| 2000 | $1,900 | $132,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Lakeland South
Nearby schools
GreatSchools rating
- 4/10Rainier View Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Rainier View Elem
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Auburn
- 98003
- Lakeland South
- 3131 S 368th Street
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