Pending122d on market
505 SW 305th Street
Federal Way, WA, 98023 • Mirror Lake • King County
$525,000
$477/sqft
-$14,000 since Feb 17, 2026
Down payment assistance available
2Beds
2Baths
1,100Sqft
0.2 acLot
1960Built
Property DNA
Territorial Views
Territorial
1 Story Style
Built 1960 · 66 years of history
Federal Way
Mirror Lake
Outdoor Living
Bath Off Primary · Dbl Pane/Storm Window · Dining Room · High Tech Cabling · Walk-In Closet(s) · Water Heater · Wired for Generator
Market activity
Demand and pricing signals for this listing
74 views
People checking out this listing
2 saves
Buyers have saved this home
122 days on market
Established listing
$477/sqft
Price per square foot
About this home
Single Family · Built 1960
Welcome to this charming 2 bedroom, 1.75 bathroom one-story home! Situated on a large, flat corner lot with excellent parking and yard access. Enjoy spacious living and dining areas, an updated open kitchen with quartz counters, breakfast bar, bright, new cabinetry, updated electrical, generator hook-up and dedicated laundry room. Lateral backyard access offers room for RV, boat or parking multiple vehicles! Versatile utility room can serve as the perfect home office, den, pantry or potential third bedroom! The spacious yard is fully-fenced and includes 2 large storage sheds, a treehouse and plenty of space to entertain. The oversized driveway can easily fit 6 cars! Ideal location near schools, parks, shops, restaurants, freeway access and Redondo Beach.
Standout features identified
Our analysis highlights lateral backyard access, large flat corner lot, and breakfast bar as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,268/month
Principal & Interest$2,568
Property Tax$525
Insurance$175
Down payment20% ($105,000)
3%50%
Est. 6.18% rate · 30yr fixed · $420,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1960
HeatingForced Air, Electric, Natural Gas
CoolingNone
ParkingDriveway, Off Street, RV Parking
Lot8,498 sqft
Days on Zillow122 Days
Price/sqft$477
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Style1 Story
Year built1960
Stories1
Systems
HeatingForced Air, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: Lake Haven / Septic Tank, Company: Septic
Parking & Outdoor
ParkingDriveway, Off Street, RV Parking
BasementNone
Lot8,498 sqft
Location & Tax
NeighborhoodMirror Lake
ZoningCity
Annual tax$4,317
Parcel1788900180
Bathrooms & Fees
Full baths1
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
High Tech Cabling
Appliances
Dishwasher
Microwave
Refrigerator
Stove(s)/Range(s)
Dishwasher(s)
Microwave(s)
Refrigerator(s)
Water Heater: Gas
Water Heater Location: Closet
Flooring
Laminate
Vinyl
Heating
Forced Air
Electric
Natural Gas
Cooling
None
Windows
Dbl Pane/Storm Window
Exterior Features
Parking
Driveway
Off Street
RV Parking
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Dbl Pane/Storm Window
Dining Room
High Tech Cabling
Walk-In Closet(s)
Water Heater
Wired for Generator
Lot Features
Corner Lot
Paved
Cable TV
Fenced-Fully
High Speed Internet
Outbuildings
Patio
RV Parking
Views
Territorial
Other Equipment
Wired for Generator
Room details
9 rooms detailed
Master Bedroom
MainBedroom
MainBathroom Full
MainBathroom Three Quarter
MainDining Room
MainEntry Hall
MainListing insights
Market data and value estimates
StatusPending
Days on market122
Tax rate0.82%
Price/sqft$477
On marketDec 30, 2025
PostedDec 6, 2025
Last sold$365,620
MLS statusPending - Backup Offer Requested
MLS updatedMar 30, 2026
Tour days6
Views74
Favorites2
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
11 events
DateEventPrice$/sqftSource
Mar 6, 2026Pending Sale$525,000$477NWMLS as distributed by MLS GRID
Feb 17, 2026Price Change$525,000$477NWMLS as distributed by MLS GRID
Jan 2, 2026Price Change$539,000$490NWMLS as distributed by MLS GRID
Dec 6, 2025Listed For Sale$549,950$500NWMLS as distributed by MLS GRID
Sep 23, 2025Sold$365,620$332Public Record
Jun 24, 2020Sold$345,000$314NWMLS as distributed by MLS GRID
May 21, 2020Pending Sale$315,000$286Keller Williams Realty PS
May 18, 2020Price Change$315,000$286Keller Williams Realty PS
Mar 24, 2020Pending Sale$310,000$282Keller Williams Realty PS
Mar 20, 2020Listed For Sale$310,000$282Keller Williams Realty PS
Sep 30, 1999Sold$124,950$114Public Record
Pending Sale$525,000
Mar 6, 2026•$477/sqft•NWMLS as distributed by MLS GRID
Price Change$525,000
Feb 17, 2026•$477/sqft•NWMLS as distributed by MLS GRID
Price Change$539,000
Jan 2, 2026•$490/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$549,950
Dec 6, 2025•$500/sqft•NWMLS as distributed by MLS GRID
Sold$365,620
Sep 23, 2025•$332/sqft•Public Record
Sold$345,000
Jun 24, 2020•$314/sqft•NWMLS as distributed by MLS GRID
Pending Sale$315,000
May 21, 2020•$286/sqft•Keller Williams Realty PS
Price Change$315,000
May 18, 2020•$286/sqft•Keller Williams Realty PS
Pending Sale$310,000
Mar 24, 2020•$282/sqft•Keller Williams Realty PS
Listed For Sale$310,000
Mar 20, 2020•$282/sqft•Keller Williams Realty PS
Sold$124,950
Sep 30, 1999•$114/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$4,317$428,000
Apr 8, 2023$4,309$388,000
Apr 8, 2022$4,192$421,000
Apr 8, 2021$3,836$334,000
Apr 8, 2020$3,082$250,000
Apr 8, 2019$2,829$233,000
Apr 8, 2018$2,618$223,000
Apr 8, 2017$2,864$198,000
Apr 8, 2016$2,200$168,000
Apr 8, 2015$2,200$156,000
Apr 8, 2014$2,200$148,000
Apr 8, 2013$2,200$133,000
Apr 8, 2012—$127,000
Apr 8, 2011—$155,000
Apr 8, 2010—$178,000
Apr 8, 2009—$178,000
Apr 8, 2007—$175,000
Apr 8, 2006—$163,000
Apr 8, 2005—$151,000
Apr 8, 2001$1,609$118,000
Apr 8, 2000$1,480$104,000
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 21:19:00 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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