For investors, flippers, and anyone looking to build serious sweat equity, this one checks all the boxes. This 3 bedroom, 2.25 bathroom split level home is a true blank canvas in the established Twin Lakes neighborhood, set on a quiet, well located street. Just a short walk to Brigadoon Elementary and Wedgewood Park, with easy access to The Commons, I-5, Highway 18, and the upcoming light rail. Featuring a spacious two car garage, large backyard, and additional front parking for RV or trailer, the property offers flexibility and strong upside. Sold AS-IS, this is an ideal project for a high return flip or value add opportunity. Bring your contractor and your vision.
Sold
Listed by: COMPASS • Jack Macdonald
Bought with: COMPASS
$454,500
3713 SW 338th Place, Federal Way, WA 98023
3beds
1,620sqft
Single Family Residence
Built in 1978
8,550 Square Feet Lot
$451,900 Zestimate®
$281/sqft
$3,036 Estimated rent
Home value
$451,900
$420,000 - $488,000
$3,036/mo
Zestimate® history
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$3,036/mo
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$2,808/mo
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$2,808/mo
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Zillow last checked:
Listing updated:
Offers reviewed: May 11
Listed by:
Jack Macdonald,
COMPASS,
Stephen Macdonald,
COMPASS
Bought with:
Clifton Cowin, 82438
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2517834
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom three quarter
- Level: Second
Other
- Level: Lower
Entry hall
- Level: Split
Rec room
- Level: Lower
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Microwave, Refrigerator, Stove(s)/Range(s), Microwave(s), Refrigerator(s), Water Heater Location: Garage
Features
- Dining Room
- Flooring: Vinyl, Carpet
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,620
- Total interior livable area: 1,620 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Attached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 3
Features
- Levels: Multi/Split
- Entry location: Split
- Patio & porch: Dining Room, Fireplace, Vaulted Ceiling(s)
Lot
- Size: 8,550 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck, Fenced-Partially, Patio, RV Parking
- Topography: Level
Details
- Parcel number: 9211500440
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Split Entry
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fixer
- Year built: 1978
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $505,000
- Annual tax amount: $5,258
- Offers reviewed: 05/11/2026
- Date on market: 6/27/2026
- Cumulative days on market: 25 days
- Listing terms: Conventional,Rehab Loan
- Inclusions: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Sold | $454,500+13.9%$281/sqft |
Source:  NWMLS as distributed by MLS GRID #2517834 Report a problem | ||
| 5/12/2026 | Pending sale | $399,000$246/sqft |
Source: NWMLS as distributed by MLS GRID #2517834 Report a problem | ||
| 5/7/2026 | Listed for sale | $399,000$246/sqft |
Source: NWMLS as distributed by MLS GRID #2517834 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/1/2019 | Listing removed | $2,050$1/sqft |
Source: Owner Report a problem | ||
| 2/19/2019 | Listed for rent | $2,050$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,259 +6.1% | $505,000 +3.3% |
| 2024 | $4,957 +1.3% | $489,000 +10.4% |
| 2023 | $4,892 +2.7% | $443,000 -7.9% |
| 2022 | $4,762 +8.1% | $481,000 +24.6% |
| 2021 | $4,407 +22.1% | $386,000 +30.8% |
| 2020 | $3,608 +5.7% | $295,000 +4.2% |
| 2019 | $3,412 +8.1% | $283,000 +4.4% |
| 2018 | $3,157 -7% | $271,000 +14.8% |
| 2017 | $3,394 +22% | $236,000 +10.3% |
| 2016 | $2,782 | $214,000 +7.5% |
| 2015 | $2,782 | $199,000 +5.3% |
| 2014 | $2,782 | $189,000 +13.9% |
| 2013 | $2,782 | $166,000 +7.1% |
| 2012 | -- | $155,000 -18.4% |
| 2011 | -- | $190,000 -13.2% |
| 2010 | -- | $219,000 |
| 2009 | -- | $219,000 -2.7% |
| 2007 | -- | $225,000 +7.7% |
| 2006 | -- | $209,000 +7.7% |
| 2005 | -- | $194,000 +32% |
| 2001 | $1,985 +3.2% | $147,000 +7.3% |
| 2000 | $1,924 | $137,000 |
Find assessor info on the county website
Neighborhood: Twin Lakes
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Nearby schools
GreatSchools rating
- 4/10Brigadoon Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 3/10Technology Access Foundation Academy at SaghalieGrades: 6-12Distance: 1.2 mi
- 4/10Decatur High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Brigadoon Elem
- Middle: Saghalie Jnr High
- High: Decatur 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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Estimated market value
$451,900
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
$451,900
- Washington
- King County
- Federal Way
- 98023
- Twin Lakes
- 3713 SW 338th Place
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