Sold298d on market
31550 55th Avenue SW
Federal Way, WA, 98023 • Twin Lakes • King County
$530,000
$373/sqft
4Beds
2Baths
1,420Sqft
0.45 acLot
1961Built
Property DNA
Territorial Views
Territorial
Dash Point
Twin Lakes
Outdoor Living
Bath Off Primary · Dining Room · Fireplace · Water Heater
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
This home is in high demand
Listed 298 days ago · 4 views · Top 6% likely to sell soon
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
298 days on market
Established listing
$373/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 6% 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 1961
Charming 4-Bedroom Rambler w/ Spacious Bkyd and Endless Potential on a quiet street! Classic 1961 rambler, offering 4 bdrms, 2 bth, & timeless charm. Nestled on a generous lot, this home features a large backyard perfect for entertaining, gardening, or future expansion. Inside, you’ll find a cozy wood-burning fp in the main living area. The primary bdrm includes a private en-suite bath. A standout feature is the above-garage bdrm—perfect for guests, a home office, or hobby space. 2-car attached garage and a practical layout that offers both space and functionality. Whether you’re looking to move in as-is or personalize and update, this home offers tons of of potential to make it your own. Close to Dash Point Park.
Standout features identified
Our analysis highlights large backyard and private en-suite bath as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,299/month
Principal & Interest$2,593
Property Tax$530
Insurance$177
Down payment20% ($106,000)
3%50%
Est. 6.18% rate · 30yr fixed · $424,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1961
HeatingFireplace, Forced Air, Electric, Oil
CoolingNone
Parking2 Attached Garage spaces
Lot0.45 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1961
Stories1
Systems
HeatingFireplace, Forced Air, Electric, Oil
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: Tacoma City Water / Septic Tank, Company: Septic
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementNone
Fireplaces1
Lot0.45 Acres
Location & Tax
NeighborhoodTwin Lakes
ZoningRS9.6
Annual tax$5,061
Parcel3210200316
Bathrooms & Fees
Full baths1
Features & details
11 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dryer(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Electric
Water Heater Location: Garage
Flooring
Vinyl
Carpet
Heating
Fireplace
Forced Air
Electric
Oil
Cooling
None
Fireplace
Wood Burning
Main Level: 1
Fireplace
Exterior Features
Parking
Attached Garage
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Dining Room
Fireplace
Water Heater
Lot Features
Adjacent to Public Land
Dead End Street
Paved
Secluded
Cable TV
Deck
Fenced-Partially
Outbuildings
Patio
Views
Territorial
Room details
10 rooms detailed
Master Bedroom
MainBedroom
MainBedroom
MainBedroom
MainBathroom Full
MainBathroom Three Quarter
MainListing insights
Market data and value estimates
StatusSold
Days on market298
Est. value$529,000
Est. rent$3,150/mo
Tax rate0.82%
Price/sqft$373
On marketJul 8, 2025
PostedApr 10, 2025
Last sold$530,000
MLS statusSold
MLS updatedJul 14, 2025
Tour days6
Views4
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
3 events
DateEventPrice$/sqftSource
Jun 13, 2025Sold$530,000$373NWMLS as distributed by MLS GRID
Apr 15, 2025Pending Sale$519,000$365NWMLS as distributed by MLS GRID
Apr 10, 2025Listed For Sale$519,000$365NWMLS as distributed by MLS GRID
Sold$530,000
Jun 13, 2025•$373/sqft•NWMLS as distributed by MLS GRID
Pending Sale$519,000
Apr 15, 2025•$365/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$519,000
Apr 10, 2025•$365/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$5,097$507,000
Apr 8, 2023$5,061$459,000
Apr 8, 2022$4,896$495,000
Apr 8, 2021$4,571$401,000
Apr 8, 2020$3,971$326,000
Apr 8, 2019$3,786$315,000
Apr 8, 2018$3,495$301,000
Apr 8, 2017$3,938$275,000
Apr 8, 2016$3,179$247,000
Apr 8, 2015$3,179$232,000
Apr 8, 2014$3,179$217,000
Apr 8, 2013$3,179$198,000
Apr 8, 2012—$165,000
Apr 8, 2011—$176,000
Apr 8, 2010—$210,000
Apr 8, 2009—$210,000
Apr 8, 2007—$216,000
Apr 8, 2006—$198,000
Apr 8, 2005—$186,000
Apr 8, 2001$1,998$148,000
Apr 8, 2000$1,937$138,000
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 23:59:24 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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