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  • Listed by: Four Elements Realty & Co
    Bought with: Timber Real Estate
    $605,000

    33027 22nd Avenue SW, Federal Way, WA 98023

    4beds
    1,240sqft
    Single Family Residence
    Built in 1962
    8,590.03 Square Feet Lot
    $597,000 Zestimate®
    $488/sqft
    $2,720 Estimated rent

    Home value

    $597,000

    $549,000 - $645,000

    $2,720/mo

    Zestimate® history
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    What's special

    Modern luxury finishesPremium fixturesChef-inspired kitchenNew windowsHigh-end finishes throughoutThoughtful designDesigner details
    Welcome to this beautifully remodeled, fully permitted 4-bd, 1.75-bth home in the highly desirable Twin Lakes neighborhood of Federal Way. This beautifully updated residence blends modern luxury finishes w/ thoughtful design, including a separate primary suite w/ private en-suite bath, perfectly positioned apart from the additional bedrooms for comfort and privacy. Step inside to discover a bright, open layout with high-end finishes throughout—featuring a chef-inspired kitchen with all brand-new, high-end appliances, premium fixtures, and designer details that elevate every space. The renovation thoughtfully finished previously unfinished square footage and added a second bathroom, expanding both style and functionality. Major system upgrades include a new electrical panel, new windows, newer roof, and updated heating and plumbing systems, offering peace of mind for years to come. Outdoors, enjoy a large, private 8,588sq/ft lot ideal for play, gardening, or future outdoor living enhancements. A rare 480 sq ft detached garage offers abundant storage or workshop potential, and the long driveway provides plenty of room for extra parking, toys, or recreational vehicles, w/ space to add a shed or backyard studio. Located in the desirable Twin Lakes community, residents enjoy easy access to parks, schools, lakes, & outdoor recreation, with shopping and dining nearby. Just minutes to the Downtown Federal Way Light Rail station & Dash Point State Park. Pre-inspected and ready to go!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brittany L.T Baughman,

    Four Elements Realty & Co

    Bought with:

    Ethan Richard Ames, 21012441

    Timber Real Estate

    Source: NWMLS as distributed by MLS GRID,MLS#: 2488292MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 4
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Main
    Entry hall
    • Level: Main
    Kitchen without eating space
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Fireplace, 90%+ High Efficiency, Electric, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)
    Features
    • Bath Off Primary, Dining Room
    • Flooring: Ceramic Tile, Vinyl Plank
    • Windows: Dbl Pane/Storm Window
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Electric, Main Level: 1, Fireplace
    Interior area
    • Total interior livable area: 1,240 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway, Detached Garage, RV Parking
    • Has garage: Yes
    • Covered spaces: 2
    • Uncovered spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace
    Lot
    • Size: 8,590 sqft
    • Features: Paved, Fenced-Partially, Gas Available, RV Parking, Shop
    • Topography: Level,Partial Slope
    • Residential vegetation: Garden Space
    Details
    • Parcel number: 8945000270
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 Story
    • Property subtype: Single Family Residence
    Materials
    • Cement Planked, Wood Siding, Cement Plank
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1962

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected, Company: Lakehaven Water District
    • Water: Public, Company: Lakehaven Water District

    Community & neighborhood

    Location
    • Region: Federal Way
    • Subdivision: Twin Lakes

    Other

    Other facts
    • Listing terms: Conventional,FHA,VA Loan
    • Cumulative days on market: 5 days

    Price history

    DateEventPrice
    3/31/2026Sold$605,000+0.8%$488/sqft
    Source: NWMLS as distributed by MLS GRID #2488292 Report a problem
    3/10/2026Pending sale$599,950$484/sqft
    Source: NWMLS as distributed by MLS GRID #2488292 Report a problem
    3/5/2026Listed for sale$599,950+106.9%$484/sqft
    Source: NWMLS as distributed by MLS GRID #2488292 Report a problem
    8/6/2025Sold$290,000+210.2%$234/sqft
    Source: Public Record Report a problem
    11/27/1996Sold$93,500$75/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,214 +464.1%$427,000 +13.9%
    2024$747 -82.1%$375,000
    2023$4,172 +2.8%$375,000 -7.9%
    2022$4,058 +8%$407,000 +24.5%
    2021$3,759 +30.4%$327,000 +40.3%
    2020$2,883 +5.8%$233,000 +4%
    2019$2,725 +7.8%$224,000 +4.2%
    2018$2,528 -7.2%$215,000 +14.4%
    2017$2,725 +22.3%$188,000 +10.6%
    2016$2,228 $170,000 +7.6%
    2015$2,228 $158,000 +5.3%
    2014$2,228 $150,000 +1.4%
    2013$2,228 $148,000 +7.2%
    2012-- $138,000 -18.3%
    2011-- $169,000 -13.3%
    2010-- $195,000
    2009-- $195,000 +9.6%
    2007-- $178,000 +7.2%
    2006-- $166,000 +7.8%
    2005-- $154,000 +33.9%
    2001$1,570 +6.1%$115,000 +10.6%
    2000$1,480 $104,000

    Find assessor info on the county website

    Neighborhood: Twin Lakes

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $597,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $597,000