Sold243d on market
36515 3rd Place SW #5
Federal Way, WA, 98023 • 98023 • King County
$1,030,000
$351/sqft
4Beds
3Baths
2,931Sqft
0.42 acLot
2025Built
Property DNA
Territorial Views
Territorial
Contemporary Style
Built 2025 · 1 years of history
Federal Way
98023
Outdoor Living
Fireplace · Sprinkler System · Walk-In Closet(s) · Walk-In Pantry · Water Heater
1 Fireplace
Electric · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
Market activity
Demand and pricing signals for this listing
18 views
People checking out this listing
243 days on market
Established listing
$351/sqft
Price per square foot
About this home
Single Family · Built 2025
This brand-new, contemporary, energy efficient home By Ichijo USA is 2,931 sq ft and features 4 beds/2.75 baths, a covered patio, 2 car garage, and a 2nd floor balcony with spectacular Mt Rainier views, all on an 18,180 sq ft estate-sized homesite! Main-floor bedroom is adjacent to 3/4 bath. Upstairs is the spacious family room, 2 more bedrooms and a huge primary suite with a walk-in closet and a 5-piece bathroom! Only minutes away from I-5, grocery stores, dining, and schools. 15k buyer incentive with use of Preferred Lender! (Expires 5/31/2025) If represented by a broker, broker must accompany & register at 1st visit See Site Registration Policy 4772.
Standout features identified
Our analysis highlights covered patio, spacious family room, and estate-sized homesite as key attractions of this home.
Estimated monthly payment
Based on current rates
$6,518/month
Principal & Interest$5,037
Property Tax$1,030
Insurance$343
HOA$108
Down payment20% ($206,000)
3%50%
Est. 6.18% rate · 30yr fixed · $824,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built2025
HeatingFireplace, Heat Pump, High Efficiency (Unspecified), Electric
CoolingForced Air, High Efficiency (Unspecified)
Parking2 Attached Garage spaces
HOA$108 monthly
Lot0.42 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleContemporary
ConditionUnder Construction
Year built2025
Stories2
Systems
HeatingFireplace, Heat Pump, High Efficiency (Unspecified), Electric
CoolingForced Air, High Efficiency (Unspecified)
RoofComposition
ConstructionCement Planked, Cement Plank
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementNone
Fireplaces1
Lot0.42 Acres
Location & Tax
Neighborhood98023
Annual tax$14,384
Parcel3021049195
Bathrooms & Fees
Full baths2
HOA$108/mo
Features & details
10 categories of property features
Interior Features
Appliances
Dishwasher(s)
Disposal
Microwave(s)
Stove(s)/Range(s)
Garbage Disposal
Water Heater: Hybrid Electric Heat Pump
Water Heater Location: Garage
Flooring
Vinyl Plank
Heating
Fireplace
Heat Pump
High Efficiency (Unspecified)
Electric
Cooling
Forced Air
High Efficiency (Unspecified)
Fireplace
Electric
Main Level: 1
Fireplace
Exterior Features
Parking
Attached Garage
Construction
Cement Planked
Cement Plank
Patio & Porch
Fireplace
Sprinkler System
Walk-In Closet(s)
Walk-In Pantry
Water Heater
Lot Features
Corner Lot
Fenced-Partially
Sprinkler System
Views
Territorial
Room details
11 rooms detailed
Master Bedroom
Bedroom
MainBedroom
Bedroom
Bathroom Three Quarter
MainBathroom Full
Listing insights
Market data and value estimates
StatusSold
Days on market243
Est. value$1,039,400
Est. rent$4,559/mo
Tax rate0.82%
Price/sqft$351
On marketAug 1, 2025
PostedApr 11, 2025
Last sold$1,030,000
MLS statusSold
MLS updatedSep 6, 2025
Tour days6
Views18
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
3 events
DateEventPrice$/sqftSource
Aug 6, 2025Sold$1,030,000$351NWMLS as distributed by MLS GRID
May 23, 2025Pending Sale$989,990$338NWMLS as distributed by MLS GRID
Apr 11, 2025Listed For Sale$989,990$338NWMLS as distributed by MLS GRID
Sold$1,030,000
Aug 6, 2025•$351/sqft•NWMLS as distributed by MLS GRID
Pending Sale$989,990
May 23, 2025•$338/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$989,990
Apr 11, 2025•$338/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Federal Way, WA • King County
Nearby neighborhoods
AdelaideAlderbrookCampus HighlandsLaurelwoodMadronaMirror LakeRedondoSteel LakeTwin LakesWest Campus
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98003980239806398093
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Based on information submitted to the MLS GRID as of 2026-04-07 01:49:18 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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