25K PRICE REDUCTION! Welcome to this spacious tri-level home in the desirable Twin Lakes neighborhood of Federal Way! Offering 4 bedrooms and 3 baths, this well-maintained residence combines comfort, functionality, and thoughtful updates throughout. The inviting living room features a cozy wood-burning fireplace, while the remodeled kitchen showcases quartz countertops and ample workspace. Laminate flooring extends through most of the home, with carpet remaining on the staircase and in one basement bedroom. Upstairs bathrooms are beautifully appointed with granite countertops, dual sinks, and travertine showers and flooring. The primary suite includes a custom shower with dual shower heads for a luxurious retreat. Recent improvements include new Samsung washer and dryer (2026), crawl space insulation (2025), interior doors (2024), and a Bath Fitter shower in the lower-level bathroom (2021). Double-pane vinyl windows enhance efficiency and comfort. The fully finished daylight basement offers a large family room, additional bedroom, laundry area, furnace, and water heater. Enjoy outdoor living in the fully fenced backyard. Twin Lakes residents benefit from HOA-provided neighborhood security and access to two community parks. Conveniently located near shopping, dining, recreation, and commuter routes, this home is ready to welcome its next owner.
Pending
Listed by: Redfin • Brian Richards
Price cut: $25K (7/11)
$650,000
3657 SW 318th Street, Federal Way, WA 98023
4beds
2,100sqft
Single Family Residence
Built in 1977
7,775 Square Feet Lot
$647,000 Zestimate®
$310/sqft
$42/mo HOA
What's special
Cozy wood-burning fireplaceRemodeled kitchenSpacious tri-level homeDual sinksAmple workspaceFully fenced backyardQuartz countertops
- 52 days |
- 445 |
- 16 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Brian Richards,
Redfin
Source: NWMLS as distributed by MLS GRID,MLS#: 2543334
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Lower
Bathroom full
- Level: Second
Bathroom three quarter
- Level: Lower
Bathroom three quarter
- Level: Second
Bonus room
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Living room
- Level: Main
Heating
- Fireplace, 90%+ High Efficiency, Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Laundry room
Features
- Bath Off Primary, Dining Room
- Flooring: Ceramic Tile, Laminate, Travertine, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Daylight
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 3
Features
- Levels: Three Or More
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater, Wired for Generator
Lot
- Size: 7,775 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Fully, Patio
- Residential vegetation: Garden Space
Details
- Parcel number: 8731980210
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Tri-Level
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Tacoma Public Utilities
- Utilities for property: Xfinity
Community & HOA
Community
- Features: CCRs, Golf, Park, Playground
- Subdivision: Twin Lakes
HOA
- Services included: Common Area Maintenance
- HOA fee: $126 quarterly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $310/sqft
- Tax assessed value: $643,000
- Annual tax amount: $6,198
- Date on market: 7/2/2026
- Cumulative days on market: 45 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$647,000
$615,000 - $679,000
$3,291/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Pending sale | $650,000$310/sqft |
Source:  NWMLS as distributed by MLS GRID #2543334 Report a problem | ||
| 7/11/2026 | Price change | $650,000-3.7%$310/sqft |
Source: NWMLS as distributed by MLS GRID #2543334 Report a problem | ||
| 6/24/2026 | Listed for sale | $675,000+200%$321/sqft |
Source: NWMLS as distributed by MLS GRID #2543334 Report a problem | ||
| 10/9/2003 | Sold | $225,000$107/sqft |
Source: NWMLS as distributed by MLS GRID #23084826 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,561 +5.8% | $643,000 +3.2% |
| 2024 | $6,198 +0.4% | $623,000 +10.5% |
| 2023 | $6,172 +2.6% | $564,000 -8% |
| 2022 | $6,018 +16.5% | $613,000 +34.7% |
| 2021 | $5,164 +2.3% | $455,000 +8.9% |
| 2020 | $5,047 +5.4% | $418,000 +4.2% |
| 2019 | $4,788 +8.1% | $401,000 +4.4% |
| 2018 | $4,428 -7.3% | $384,000 +14.6% |
| 2017 | $4,774 +22.3% | $335,000 +10.6% |
| 2016 | $3,903 | $303,000 +7.4% |
| 2015 | $3,903 | $282,000 +5.2% |
| 2014 | $3,903 | $268,000 +30.7% |
| 2013 | $3,903 | $205,000 +7.3% |
| 2012 | -- | $191,000 -15.1% |
| 2011 | -- | $225,000 -13.5% |
| 2010 | -- | $260,000 |
| 2009 | -- | $260,000 +3.2% |
| 2007 | -- | $252,000 +7.7% |
| 2006 | -- | $234,000 +7.8% |
| 2005 | -- | $217,000 +27.6% |
| 2001 | $2,284 +1.1% | $170,000 +4.9% |
| 2000 | $2,260 | $162,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Twin Lakes
Nearby schools
GreatSchools rating
- 8/10Twin Lakes Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Lakota Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 0.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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