Welcome to this beautifully updated Federal Way property, ideally located just minutes from shopping, dining, and commuter routes. The main home and ADU have been thoughtfully updated within the last two years to include brand new exterior paint, updated kitchens, flooring, bathrooms, and a new roof! Featuring a versatile layout with a fully separate ADU, this home offers the perfect opportunity for multigenerational living, supplemental rental income, or a savvy investment. Outside, you’ll find both a large fully fenced front yard and backyard. Whether you’re looking to offset your mortgage with rental income or expand your investment portfolio, this property delivers exceptional flexibility. The main home has a strong rental history at approximately $2,290 per month, while the ADU has rented for approximately $1,350 per month, creating an attractive income-producing opportunity.
Active
Listed by: Better Properties UP/Fircrest • Evann Grealish
$559,950
31327 12th Place S, Federal Way, WA 98003
3beds
1,440sqft
Single Family Residence
Built in 1955
9,374 Square Feet Lot
$555,400 Zestimate®
$389/sqft
$-- HOA
What's special
Brand new exterior paintNew roofBeautifully updatedUpdated kitchens
- 21 days |
- 517 |
- 20 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Evann Grealish,
Better Properties UP/Fircrest
Source: NWMLS as distributed by MLS GRID,MLS#: 2560731
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Other
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Heat Pump, Electric, Propane
Cooling
- Forced Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric
Features
- Dining Room
- Flooring: Laminate, Vinyl
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Attached Garage, Off Street
- Has attached garage: Yes
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Second Kitchen, Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,374 Square Feet
- Dimensions: 77' x 125'
- Features: Paved, Fenced-Fully, High Speed Internet, Patio
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Additional structures: ADU Beds: 0, ADU Baths: 0
- Parcel number: 7875200150
- Zoning: RS7.2
- 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, Wood Products
- Roof: Composition
Condition
- Year built: 1955
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Sewer Connected, Company: Lakehaven (Unit A) & Septic (Unit B)
- Water: Public, Company: Lakehaven
Community & HOA
Community
- Subdivision: Mirror Lake
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $389/sqft
- Tax assessed value: $514,000
- Annual tax amount: $5,300
- Date on market: 4/14/2026
- Cumulative days on market: 128 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$555,400
$528,000 - $583,000
$2,970/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $559,950+59.5%$389/sqft |
Source:  NWMLS as distributed by MLS GRID #2560731 Report a problem | ||
| 3/29/2025 | Listing removed | $2,290$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/8/2025 | Price change | $2,290-33.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2025 | Listed for rent | $3,450$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/7/2021 | Sold | $351,000+215.6%$244/sqft |
Source: Public Record Report a problem | ||
| 9/13/1996 | Sold | $111,200$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,300 +5.9% | $514,000 +3.2% |
| 2024 | $5,005 +0.6% | $498,000 +10.4% |
| 2023 | $4,976 +10.9% | $451,000 -0.2% |
| 2022 | $4,487 +9.4% | $452,000 +26.3% |
| 2021 | $4,099 +11.5% | $358,000 +18.9% |
| 2020 | $3,678 -1.3% | $301,000 -2.9% |
| 2019 | $3,727 +8.1% | $310,000 +4.4% |
| 2018 | $3,449 -8.8% | $297,000 +12.5% |
| 2017 | $3,784 +30.1% | $264,000 +17.9% |
| 2016 | $2,909 | $224,000 +7.7% |
| 2015 | $2,909 | $208,000 +5.1% |
| 2014 | $2,909 | $198,000 +31.1% |
| 2013 | $2,909 | $151,000 +4.9% |
| 2012 | -- | $144,000 -18.2% |
| 2011 | -- | $176,000 -13.3% |
| 2010 | -- | $203,000 |
| 2009 | -- | $203,000 +3% |
| 2007 | -- | $197,000 +7.7% |
| 2006 | -- | $183,000 +7.6% |
| 2005 | -- | $170,000 +26.9% |
| 2001 | $1,816 +6.3% | $134,000 +10.7% |
| 2000 | $1,708 | $121,000 |
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: Mirror Lake
Nearby schools
GreatSchools rating
- 3/10Mirror Lake Elementary SchoolGrades: PK-5Distance: 0.3 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: Mirror Lake 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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A local agent can set up tours, give advice and negotiate with sellers.
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