Pending4d on market
1027 SW 348th Place
Federal Way, WA, 98023 • Madrona • King County
$615,000
$353/sqft
Down payment assistance available
3Beds
3Baths
1,740Sqft
0.17 acLot
1989Built
Property DNA
2 Story Style
Built 1989 · 37 years of history
Federal Way
Madrona
Outdoor Living
Bath Off Primary · Dining Room · Security System · Walk-In Closet(s) · Water Heater
Garage
Driveway · Attached Garage · Off Street
Engineered Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 4 days ago · 1,063 views · 61 saves · Top 0% likely to sell soon
Market activity
Demand and pricing signals for this listing
1,063 views
People checking out this listing
61 saves
Buyers have saved this home
4 days on market
Just listed — act fast
$353/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 0% 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 1989
In the heart of Federal Way, this inviting home offers the perfect balance of comfort and convenience. Located just minutes from major commuting routes including Interstate 5 and State Route 18, residents enjoy seamless access to Seattle, Tacoma, and surrounding employment hubs. Everyday essentials are just around the corner with a variety of grocery options nearby, including Trader Joe's, Safeway, WinCo Foods, and H Mart, offering everything from fresh produce to international specialties. Dining and casual eateries are plentiful within minutes, creating a vibrant local lifestyle with convenient takeout and sit-down options close to home. The property is also just a short drive to major retail and entertainment destinations like The Commons at Federal Way, providing a wide selection of shopping, dining, and services. Set in an established neighborhood, this home combines suburban tranquility with unbeatable proximity to daily conveniences, spacious front and back yard; making it an excellent choice for commuters and those seeking easy access to everything Federal Way has to offer.
Estimated monthly payment
Based on current rates
$3,831/month
Principal & Interest$2,994
Property Tax$615
Insurance$205
HOA$17
Down payment20% ($123,000)
3%50%
Est. 6.14% rate · 30yr fixed · $492,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1989
Heating90%+ High Efficiency, Forced Air, Heat Pump, Electric
Cooling90%+ High Efficiency, Forced Air, Heat Pump
Parking2 Attached Garage spaces
HOA$200 annually
Lot7,396 sqft
Days on Zillow4 Days
Price/sqft$353
Offer Review Date2026-04-06
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Style2 Story
Year built1989
Stories2
Systems
Heating90%+ High Efficiency, Forced Air, Heat Pump, Electric
Cooling90%+ High Efficiency, Forced Air, Heat Pump
RoofComposition
ConstructionCement Planked, Cement Plank
Water / SewerPublic, Company: Lake Haven Water & Sewer District / Available, Company: Lake Haven Water & Sewer District
Parking & Outdoor
ParkingDriveway, Attached Garage, Off Street
BasementNone
Lot7,396 sqft
Location & Tax
NeighborhoodMadrona
ZoningRS7.2
Annual tax$5,605
Parcel5422420770
Bathrooms & Fees
Full baths2
HOA$17/mo
Features & details
11 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer
Dishwasher(s)
Dryer(s)
Garbage Disposal
Microwave(s)
Refrigerator(s)
Washer(s)
Water Heater: Gas
Water Heater Location: Garage
Flooring
Engineered Hardwood
Carpet
Heating
90%+ High Efficiency
Forced Air
Heat Pump
Electric
Cooling
90%+ High Efficiency
Forced Air
Heat Pump
Exterior Features
Parking
Driveway
Attached Garage
Off Street
Construction
Cement Planked
Cement Plank
Patio & Porch
Bath Off Primary
Dining Room
Security System
Walk-In Closet(s)
Water Heater
Lot Features
Paved
Sidewalk
Cable TV
Dog Run
Fenced-Fully
High Speed Internet
Security
Security System
Utilities
Xfinity
Room details
10 rooms detailed
Master Bedroom
SecondBedroom
SecondBedroom
SecondBathroom Full
SecondBathroom Full
SecondOther
MainListing insights
Market data and value estimates
StatusPending
Days on market4
Tax rate0.82%
Price/sqft$353
On marketApr 4, 2026
PostedApr 2, 2026
Last sold$550,000
MLS statusPending - Backup Offer Requested
MLS updatedApr 7, 2026
Tour days6
Views1,063
Favorites61
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
3 events
DateEventPrice$/sqftSource
Apr 4, 2026Pending Sale$615,000$353NWMLS as distributed by MLS GRID
Apr 2, 2026Listed For Sale$615,000$353NWMLS as distributed by MLS GRID
Jan 24, 2022Sold$550,000$316Public Record
Pending Sale$615,000
Apr 4, 2026•$353/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$615,000
Apr 2, 2026•$353/sqft•NWMLS as distributed by MLS GRID
Sold$550,000
Jan 24, 2022•$316/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$5,606$560,000
Apr 7, 2023$5,569$507,000
Apr 7, 2022$5,390$547,000
Apr 7, 2021$4,977$438,000
Apr 7, 2020$4,684$387,000
Apr 7, 2019$4,555$381,000
Apr 7, 2018$4,214$365,000
Apr 7, 2017$4,620$324,000
Apr 7, 2016$3,761$293,000
Apr 7, 2015$3,761$272,000
Apr 7, 2014$3,761$258,000
Apr 7, 2013$3,761$190,000
Apr 7, 2012—$192,000
Apr 7, 2011—$213,000
Apr 7, 2010—$243,000
Apr 7, 2009—$243,000
Apr 7, 2007—$243,000
Apr 7, 2006—$228,000
Apr 7, 2005—$211,000
Apr 7, 2001$2,258$168,000
Apr 7, 2000$2,193$157,000
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 11:53:37 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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