Sold346d on market
409 SW 368th Street
Federal Way, WA, 98023 • 98023 • King County
$470,000
$566/sqft
2Beds
1Baths
830Sqft
0.28 acLot
1942Built
Property DNA
Territorial Views
Territorial
Traditional Style
Built 1942 · 84 years of history
Federal Way
98023
Outdoor Living
Double Pane/Storm Window · Laminate · Water Heater
This home is in high demand
Listed 346 days ago · 2 views · Top 9% likely to sell soon
Market activity
Demand and pricing signals for this listing
2 views
People checking out this listing
346 days on market
Established listing
$566/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 9% 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 1942
Welcome home to this adorable well-maintained rambler with a rare 2nd lot! This home offers 2 beds and 1 bath with an ideal layout to maximize the space. Generous living room, galley style kitchen, and easy access to the back deck for BBQing and entertaining. The home is placed on a large corner lot that gives you a territorial view. Need a larger yard for entertaining or for potentially building a large garage/shop/ADU? You're in luck! Parcel 2188200695 (6000 sqft lot to the west) is included in the sale! Plenty of parking for RV, boat, camper, extra vehicles, etc. Walkable neighborhood and rural setting with only a moment's drive to most amenities! Must see!
Standout features identified
Our analysis highlights galley style kitchen, territorial view, and large corner lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,926/month
Principal & Interest$2,299
Property Tax$470
Insurance$157
Down payment20% ($94,000)
3%50%
Est. 6.18% rate · 30yr fixed · $376,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1942
HeatingBaseboard, Electric
CoolingNone
ParkingDriveway, Off Street, RV Parking
Lot0.28 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional
Year built1942
Stories1
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: Lake Public / Septic Tank, Company: Septic
Parking & Outdoor
ParkingDriveway, Off Street, RV Parking
BasementNone
Lot0.28 Acres
Location & Tax
Neighborhood98023
Annual tax$3,734
Parcel2188200545
Bathrooms & Fees
Full baths1
Features & details
10 categories of property features
Interior Features
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Electric/Tank
Water Heater Location: Storage Room
Flooring
Laminate
Carpet
Heating
Baseboard
Electric
Cooling
None
Windows
Double Pane/Storm Window
Exterior Features
Parking
Driveway
Off Street
RV Parking
Construction
Wood Siding
Wood Products
Patio & Porch
Double Pane/Storm Window
Laminate
Water Heater
Lot Features
Paved
Cable TV
Deck
Fenced-Fully
Fenced-Partially
High Speed Internet
Outbuildings
RV Parking
Views
Territorial
Room details
7 rooms detailed
Master Bedroom
MainBedroom
MainBathroom Full
MainEntry Hall
MainKitchen With Eating Space
MainLiving Room
MainListing insights
Market data and value estimates
StatusSold
Days on market346
Est. value$461,800
Est. rent$2,132/mo
Tax rate0.82%
Price/sqft$566
On marketMar 28, 2025
PostedMar 21, 2025
Last sold$470,000
MLS statusSold
MLS updatedMay 26, 2025
Tour days6
Views2
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
10 events
DateEventPrice$/sqftSource
Apr 25, 2025Sold$470,000$566NWMLS as distributed by MLS GRID
Mar 25, 2025Pending Sale$460,000$554NWMLS as distributed by MLS GRID
Mar 21, 2025Listed For Sale$460,000$554NWMLS as distributed by MLS GRID
Jan 25, 2024Listing Removed——Zillow Rentals
Jan 23, 2024Listed For Rent$1,847$2Zillow Rentals
Mar 17, 2020Sold$291,000$351NWMLS as distributed by MLS GRID
Nov 12, 2017Listing Removed$1,475$2Meridian Valley Property Mgmt
Oct 18, 2017Price Change$1,475$2Meridian Valley Property Mgmt
Sep 29, 2017Listed For Rent$1,525$2Meridian Valley Property Mgmt
Nov 15, 1995Sold$92,500$111Public Record
Sold$470,000
Apr 25, 2025•$566/sqft•NWMLS as distributed by MLS GRID
Pending Sale$460,000
Mar 25, 2025•$554/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$460,000
Mar 21, 2025•$554/sqft•NWMLS as distributed by MLS GRID
Listing Removed—
Jan 25, 2024•Zillow Rentals
Listed For Rent$1,847
Jan 23, 2024•$2/sqft•Zillow Rentals
Sold$291,000
Mar 17, 2020•$351/sqft•NWMLS as distributed by MLS GRID
Listing Removed$1,475
Nov 12, 2017•$2/sqft•Meridian Valley Property Mgmt
Price Change$1,475
Oct 18, 2017•$2/sqft•Meridian Valley Property Mgmt
Listed For Rent$1,525
Sep 29, 2017•$2/sqft•Meridian Valley Property Mgmt
Sold$92,500
Nov 15, 1995•$111/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$3,653$358,000
Apr 7, 2023$3,632$324,000
Apr 7, 2022$3,516$350,000
Apr 7, 2021$3,243$280,000
Apr 7, 2020$2,520$202,000
Apr 7, 2019$2,433$199,000
Apr 7, 2018$2,258$191,000
Apr 7, 2017$2,474$170,000
Apr 7, 2016$2,029$154,000
Apr 7, 2015$2,029$143,000
Apr 7, 2014$2,029$136,000
Apr 7, 2013$2,029$117,000
Apr 7, 2012—$119,000
Apr 7, 2011—$132,000
Apr 7, 2010—$126,000
Apr 7, 2009—$126,000
Apr 7, 2007—$127,000
Apr 7, 2006—$120,000
Apr 7, 2005—$118,000
Apr 7, 2001$1,232$89,000
Apr 7, 2000$1,156$80,000
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
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Based on information submitted to the MLS GRID as of 2026-04-07 10:43:38 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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