Impressive 3BD/2BA rambler in a quiet, established neighborhood! This well-maintained home features vaulted ceilings, hardwood floors, & an open-concept layout filled with natural light. Spacious living and dining areas with a cozy gas fireplace and upgraded kitchen that opens to a private composite deck—great for entertaining. The primary suite offers an updated ensuite bath & private deck access. Highlights include Andersen windows and patio doors, a $14K Andersen front door, Speed Queen washer/dryer, tankless water heater, A/C, & 3 skylights. Fully fenced backyard with new walkways, mature landscaping, & plenty of space to relax or garden. Two-car garage provide ample parking. Conveniently located near trails, parks, the Sound & amenties
Sold
Listed by: John L. Scott, Inc • Rache C. Boston
Bought with: Portico Real Estate
$580,000
31451 48th Place SW, Federal Way, WA 98023
3beds
1,340sqft
Single Family Residence
Built in 1986
5,005 Square Feet Lot
$564,800 Zestimate®
$433/sqft
$2,748 Estimated rent
Home value
$564,800
$520,000 - $616,000
$2,748/mo
Zestimate® history
Owner options
List your home for rent
$2,748/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,748/mo
Rent Zestimate®
Refinance and save
$3,788/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,788/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Cozy gas fireplaceUpgraded kitchenMature landscapingNatural lightTankless water heaterTwo-car garageHardwood floors
Zillow last checked:
Listing updated:
Offers reviewed: Jul 15
Listed by:
Rache C. Boston,
John L. Scott, Inc
Bought with:
Brandon Newell, 22018104
Portico Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2401465
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Heat Pump, Natural Gas
Cooling
- Heat Pump
Appliances
- Included: Dishwasher(s), Disposal, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Electric, Water Heater Location: Garage
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Ceramic Tile, Hardwood
- Doors: French Doors
- Windows: Double Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,340
- Total interior livable area: 1,340 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Walk-In Closet(s), Water Heater
Lot
- Size: 5,005 Square Feet
- Features: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk, Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet
- Topography: Level
Details
- Parcel number: 2115720190
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,1 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1986
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Lake Haven
- Water: Public, Company: Tacoma Public
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Features: CCRs, Park
- Subdivision: Dumas Bay
HOA
- HOA fee: $250 annually
- HOA phone: 206-212-2246
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $433/sqft
- Tax assessed value: $540,000
- Annual tax amount: $4,952
- Offers reviewed: 07/15/2025
- Date on market: 8/22/2025
- Cumulative days on market: 334 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2025 | Sold | $580,000+5.6%$433/sqft |
Source:  NWMLS as distributed by MLS GRID #2401465 Report a problem | ||
| 7/14/2025 | Pending sale | $549,000$410/sqft |
Source: NWMLS as distributed by MLS GRID #2401465 Report a problem | ||
| 7/9/2025 | Listed for sale | $549,000+329.7%$410/sqft |
Source: NWMLS as distributed by MLS GRID #2401465 Report a problem | ||
| 9/29/1995 | Sold | $127,750$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,544 +12% | $540,000 +9.8% |
| 2024 | $4,952 +0.8% | $492,000 +10.6% |
| 2023 | $4,913 +3.4% | $445,000 -7.3% |
| 2022 | $4,753 +7.1% | $480,000 +23.4% |
| 2021 | $4,440 +9.9% | $389,000 +17.2% |
| 2020 | $4,041 +4.8% | $332,000 +3.4% |
| 2019 | $3,856 +8.2% | $321,000 +4.6% |
| 2018 | $3,562 -11.1% | $307,000 +9.6% |
| 2017 | $4,007 +23.8% | $280,000 +11.6% |
| 2016 | $3,236 | $251,000 +6.4% |
| 2015 | $3,236 | $236,000 +6.8% |
| 2014 | $3,236 | $221,000 +10% |
| 2013 | $3,236 | $201,000 +10.4% |
| 2012 | -- | $182,000 -6.2% |
| 2011 | -- | $194,000 -16% |
| 2010 | -- | $231,000 |
| 2009 | -- | $231,000 +1.8% |
| 2007 | -- | $227,000 +5.1% |
| 2006 | -- | $216,000 +10.8% |
| 2005 | -- | $195,000 +28.3% |
| 2001 | $2,050 +3% | $152,000 +7% |
| 2000 | $1,991 | $142,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
Nearby homes
- $376,5003 bd2 ba1.3k sqft4810 SW 317th Ln #9C, Federal Way, WA 98023Off Market
- $400,0003 bd2 ba1.2k sqft4810 SW 317th Ln APT B, Federal Way, WA 98023Sold
- $599,9503 bd3 ba1.6k sqft4749 SW 314th Pl, Federal Way, WA 98023Sold
- $353,0003 bd3 ba1.2k sqft4730 SW 317th Ln APT C, Federal Way, WA 98023Sold
- $728,0003 bd3 ba2k sqft31429 47th Pl SW, Federal Way, WA 98023Sold
- $575,0003 bd3 ba1.6k sqft31417 47th Pl SW, Federal Way, WA 98023Sold
- $550,0003 bd2 ba1.3k sqft4754 SW 314th Pl, Federal Way, WA 98023Sold
- $359,0003 bd3 ba1.3k sqft4724 SW 317th Ln APT B, Federal Way, WA 98023Sold
Nearby schools
GreatSchools rating
- 8/10Twin Lakes Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 1.3 mi
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
$564,800
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
$564,800
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 31451 48th Place SW
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Federal Way Topics
