Sold108d on market
603 SW 307th Street
Federal Way, WA, 98023 • Mirror Lake • King County
$540,000
$394/sqft
3Beds
2Baths
1,370Sqft
0.21 acLot
1959Built
Property DNA
Mirror Lake
Mirror Lake
Garage
Detached Garage
This home is in high demand
Listed 108 days ago · 14 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
108 days on market
Established listing
$394/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1959
Welcome to this exceptional Federal Way home in the charming Mirror Lake neighborhood! Set on a spacious corner lot, this property features a detached garage and the downstairs ADU-ideal for extended living, rental income, or multigenerational needs. Enjoy the benefits of being just moments from the local elementary school, making daily commutes a breeze. The expansive lot provides plenty of outdoor space for gatherings, gardening, or future enhancements. Detached garage offers an incredible opportunity for small business owners; comes with plumbing, heating and electrical. Inside, this residence combines comfortable living with income potential and flexibility, in a location known for its convenience and community atmosphere.
Standout features identified
Our analysis highlights detached garage, downstairs adu, and comfortable living as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,362/month
Principal & Interest$2,642
Property Tax$540
Insurance$180
Down payment20% ($108,000)
3%50%
Est. 6.18% rate · 30yr fixed · $432,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1959
HeatingDuctless, Electric
CoolingDuctless
Parking1 Garage space
Lot9,239 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1959
Systems
HeatingDuctless, Electric
CoolingDuctless
RoofComposition
ConstructionCement Planked, Wood Products, Cement Plank
Water / SewerPublic / Septic Tank
Parking & Outdoor
ParkingDetached Garage
Lot9,239 sqft
Location & Tax
NeighborhoodMirror Lake
Annual tax$4,376
Parcel1788800330
Bathrooms & Fees
Full baths2
Features & details
4 categories of property features
Interior Features
Heating
Ductless
Electric
Cooling
Ductless
Exterior Features
Parking
Detached Garage
Construction
Cement Planked
Wood Products
Cement Plank
Room details
5 rooms detailed
Bedroom
Bedroom
Bedroom
LowerBathroom Full
Bathroom Full
LowerListing insights
Market data and value estimates
StatusSold
Days on market108
Est. value$546,800
Est. rent$2,883/mo
Tax rate0.82%
Price/sqft$394
On marketDec 28, 2025
PostedNov 6, 2025
Last sold$540,000
MLS statusSold
MLS updatedJan 19, 2026
Tour days6
Views14
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
4 events
DateEventPrice$/sqftSource
Dec 19, 2025Sold$540,000$394NWMLS as distributed by MLS GRID
Nov 30, 2025Pending Sale$549,950$401NWMLS as distributed by MLS GRID
Nov 6, 2025Listed For Sale$549,950$401NWMLS as distributed by MLS GRID
Sep 4, 2024Sold$335,000$245Public Record
Sold$540,000
Dec 19, 2025•$394/sqft•NWMLS as distributed by MLS GRID
Pending Sale$549,950
Nov 30, 2025•$401/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$549,950
Nov 6, 2025•$401/sqft•NWMLS as distributed by MLS GRID
Sold$335,000
Sep 4, 2024•$245/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$4,376$430,000
Apr 7, 2023$4,331$390,000
Apr 7, 2022$4,220$424,000
Apr 7, 2021$3,858$336,000
Apr 7, 2020$3,351$273,000
Apr 7, 2019$3,086$255,000
Apr 7, 2018$2,854$244,000
Apr 7, 2017$3,129$217,000
Apr 7, 2016$2,413$184,000
Apr 7, 2015$2,413$171,000
Apr 7, 2014$2,413$163,000
Apr 7, 2013$2,413$141,000
Apr 7, 2012—$134,000
Apr 7, 2011—$164,000
Apr 7, 2010—$189,000
Apr 7, 2009—$189,000
Apr 7, 2007—$180,000
Apr 7, 2006—$168,000
Apr 7, 2005—$156,000
Apr 7, 2001$1,674$123,000
Apr 7, 2000$1,533$108,000
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
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 15:03:55 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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