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  • Listed by: Redfin • Andrew Maglalang-Weakley
    Price cut: $8K (10/5)
    $480,000

    332 S 314th Place, Federal Way, WA 98003

    2beds
    760sqft
    : 
    $3,173/mo
    Get pre-qualified
    Single Family Residence
    Built in 1980
    7,270 Square Feet Lot
    $478,900 Zestimate®
    $632/sqft
    $-- HOA

    What's special

    Cozy fireplaceSleek quartz countersModern galley kitchenSmart ambient lightingLarge covered deckLight-filled interiorSunny bay window
    Charming fully remodeled home offers instant potential as a lucrative short-term rental or move-in ready retreat! Features a rare assumable loan opportunity with favorable existing financing! Backing up to a private green buffer, the light-filled interior boasts soaring vaulted ceilings, smart ambient lighting, durable LVP flooring throughout, a cozy fireplace, and a sunny bay window. The modern galley kitchen shines with sleek quartz counters and stainless appliances, while two spacious bedrooms share an upgraded full bath featuring a double vanity. Step outside to an entertainer's paradise! Large covered deck overlooks an exceptional private outdoor setting that's fully fenced with a low-maintenance yard complete with two handy garden storage sheds. Parking is a breeze with a spacious 1-car garage and ample room for RV with power hookup or boat storage. Unbeatably located just minutes from Redondo Beach perfect for catching beautiful waterfront sunsets, neighborhood parks, freeways and vibrant shopping. Welcome Home!
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Maglalang-Weakley,

    Redfin

    Source: NWMLS as distributed by MLS GRID,MLS#: 2567170MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Bonus room
      • Level: Main
      Dining room
      • Level: Main
      Entry hall
      • Level: Main
      Kitchen without eating space
      • Level: Main
      Living room
      • Level: Main
      Utility room
      • Level: Garage
      Heating
      • Fireplace, Baseboard, Wall Furnace, Electric
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Garage
      Features
      • Ceiling Fan(s), Dining Room
      • Flooring: Ceramic Tile, Laminate
      • Windows: Dbl Pane/Storm Window
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 760
      • Total interior livable area: 760 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Driveway, Attached Garage, Off Street, RV Parking
      • Has attached garage: Yes
      • Covered spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Main
      • Patio & porch: Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Security System, Vaulted Ceiling(s), Water Heater
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 7,270 Square Feet
      • Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk, Cable TV, Deck, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking
      • Topography: Level
      • Residential vegetation: Garden Space
      Details
      • Parcel number: 7943000020
      • Zoning description: Jurisdiction: County
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman,1 Story
      • Property subtype: Single Family Residence
      Materials
      • Metal/Vinyl
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • Year built: 1980

      Utilities & green energy

      • Electric: Company: PSE
      • Sewer: Sewer Connected, Company: Lake Haven
      • Water: Public, Company: Lake Haven
      • Utilities for property: Xfinity/Comcast

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: Mirror Lake
      Location
      • Region: Federal Way

      Financial & listing details

      • Price per square foot: $632/sqft
      • Tax assessed value: $442,000
      • Annual tax amount: $4,312
      • Date on market: 8/27/2026
      • Listing terms: Conventional,FHA,VA Loan
      • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

        Estimated market value

        $478,900

        $455,000 - $503,000

        $2,106/mo

        Price history

        DateEventPrice
        10/5/2026Price change$480,000-1.6%$632/sqft
        Source: NWMLS as distributed by MLS GRID #2567170 Report a problem
        8/27/2026Listed for sale$488,000+8.4%$642/sqft
        Source: NWMLS as distributed by MLS GRID #2567170 Report a problem
        6/17/2022Sold$450,000$592/sqft
        Source: NWMLS as distributed by MLS GRID #1932618 Report a problem
        5/23/2022Pending sale$450,000$592/sqft
        Source: NWMLS as distributed by MLS GRID #1932618 Report a problem
        5/12/2022Listed for sale$450,000+45.2%$592/sqft
        Source: NWMLS as distributed by MLS GRID #1932618 Report a problem
        1/10/2020Sold$309,950$408/sqft
        Source: NWMLS as distributed by MLS GRID #1544738 Report a problem
        12/12/2019Pending sale$309,950$408/sqft
        Source: American Classic Homes #1544738 Report a problem
        12/5/2019Listed for sale$309,950+21.5%$408/sqft
        Source: American Classic Homes #1544738 Report a problem
        6/1/2017Sold$255,000+13.3%$336/sqft
        Source: NWMLS as distributed by MLS GRID #1100220 Report a problem
        5/3/2017Pending sale$225,000$296/sqft
        Source: Windermere Real Estate/West Campus, Inc. #1100220 Report a problem
        4/28/2017Listed for sale$225,000+23%$296/sqft
        Source: Windermere Real Estate/West Campus, Inc. #1100220 Report a problem
        3/27/2015Sold$183,000$241/sqft
        Source: NWMLS as distributed by MLS GRID #728632 Report a problem
        2/12/2015Pending sale$183,000$241/sqft
        Source: Berkshire Hathaway Hs Nw #728632 Report a problem
        1/6/2015Listed for sale$183,000+23.7%$241/sqft
        Source: Berkshire Hathaway Hs Nw #728632 Report a problem
        4/9/2010Sold$147,900$195/sqft
        Source: Public Record Report a problem
        2/6/2010Listed for sale$147,900+2.4%$195/sqft
        Source: Keller Williams Eastside Partners #14747 Report a problem
        10/9/2009Sold$144,500-35.3%$190/sqft
        Source: Public Record Report a problem
        5/17/2006Sold$223,500+31.5%$294/sqft
        Source: Public Record Report a problem
        4/23/2004Sold$169,950$224/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,567 +5.9%$442,000 +3.3%
        2024$4,312 +0.1%$428,000 +10.3%
        2023$4,309 +2.8%$388,000 -7.8%
        2022$4,192 +9.3%$421,000 +26%
        2021$3,836 +12.5%$334,000 +20.1%
        2020$3,409 +8.8%$278,000 +7.3%
        2019$3,133 +8.1%$259,000 +4.4%
        2018$2,899 -8.6%$248,000 +12.7%
        2017$3,171 +29.9%$220,000 +17.6%
        2016$2,441 $187,000 +7.5%
        2015$2,441 $174,000 +5.5%
        2014$2,441 $165,000 +23.1%
        2013$2,441 $134,000 +4.7%
        2012-- $128,000 -17.9%
        2011-- $156,000 -12.8%
        2010-- $179,000
        2009-- $179,000 -2.2%
        2007-- $183,000 +7.6%
        2006-- $170,000 +7.6%
        2005-- $158,000 +35%
        2001$1,596 +3.2%$117,000 +7.3%
        2000$1,547 $109,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Mirror Lake

        Getting around

        40 / 100
        Car-Dependent
        42 / 100
        Some Transit
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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