Sold381d on market
31735 48th Lane SW #B
Federal Way, WA, 98023 • Twin Lakes • King County
$350,000
$308/sqft
2Beds
3Baths
1,138Sqft
4.1 acLot
1980Built
Property DNA
Townhouse Style
Built 1980 · 46 years of history
Dash Point
Twin Lakes
Outdoor Living
Balcony/Deck/Patio · Fireplace · Hardwood
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
1-Car Garage
Individual Garage · Off Street
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 381 days ago · 2 views
Market activity
Demand and pricing signals for this listing
2 views
People checking out this listing
381 days on market
Established listing
$308/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 23% 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
Condo · Built 1980
The Smoketree condominium community is nestled in the trees near Dash Point State Park in Federal Way. Entryway has towering ceilings & leads into a spacious living area with open floorplan, hardwood oak flooring, and a stylish fireplace just waiting to be lit. Cool, black accents make this condo modern and inviting. Open kitchen and large dining area and 1/2 bath complete the main floor. Sliding door leads out to a secluded deck & patio area. Upstairs find 2 bedrooms & 2 bathrooms. The Primary has high ceilings & a sliding patio door & deck, & the Primary bathroom has enlarged shower & wide counter w/ 2 sinks. Amenities include cabana available to residents to reserve and clean pool for summer days. Building has new roof & exterior paint.
Standout features identified
Our analysis highlights stylish fireplace, open kitchen, and high ceilings as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,665/month
Principal & Interest$1,712
Property Tax$350
Insurance$117
HOA$486
Down payment20% ($70,000)
3%50%
Est. 6.18% rate · 30yr fixed · $280,000 loan
Full calculator →At a glance
Key facts and listing details
TypeCondominium
Year Built1980
HeatingFireplace, Wall Unit(s), Electric, Wood
CoolingNone
Parking1 Garage space
HOA$486 monthly
Property
Home typeCondo
Sub-typeCondominium
StyleTownhouse
Year built1980
Systems
HeatingFireplace, Wall Unit(s), Electric, Wood
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Parking & Outdoor
ParkingIndividual Garage, Off Street
Garage1 spaces
Fireplaces1
Lot4.09 Acres
Location & Tax
NeighborhoodTwin Lakes
Annual tax$3,673
Parcel7843000400
Bathrooms & Fees
Full baths1
HOA$486/mo
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 Location: 1/2 bath closet
Flooring
Hardwood
Heating
Fireplace
Wall Unit(s)
Electric
Wood
Cooling
None
Fireplace
Wood Burning
Main Level: 1
Fireplace
Exterior Features
Parking
Individual Garage
Off Street
Construction
Wood Siding
Wood Products
Patio & Porch
Balcony/Deck/Patio
Fireplace
Hardwood
Lot Features
Curbs
Paved
Sidewalk
Community
Cable TV
Clubhouse
Pool
Room details
11 rooms detailed
Master Bedroom
SecondBedroom
SecondBathroom Full
SecondBathroom Three Quarter
SecondOther
MainOther
Listing insights
Market data and value estimates
StatusSold
Days on market381
Est. value$346,900
Est. rent$2,338/mo
Tax rate0.82%
Price/sqft$308
On marketApr 15, 2025
PostedFeb 5, 2025
Last sold$350,000
MLS statusSold
MLS updatedApr 21, 2025
Tour days6
Views2
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
12 events
DateEventPrice$/sqftSource
Mar 21, 2025Sold$350,000$308NWMLS as distributed by MLS GRID
Feb 28, 2025Pending Sale$348,500$306NWMLS as distributed by MLS GRID
Feb 26, 2025Listed For Sale$348,500$306NWMLS as distributed by MLS GRID
Oct 19, 2018Sold$211,000$185NWMLS as distributed by MLS GRID
Sep 12, 2018Pending Sale$206,950$182Turn Key Real Estate, Inc.
Sep 8, 2018Price Change$206,950$182Turn Key Real Estate, Inc.
Aug 15, 2018Price Change$211,950$186Turn Key Real Estate, Inc.
Aug 2, 2018Listed For Sale$219,950$193Turn Key Real Estate, Inc.
Aug 28, 2008Sold$195,000$171NWMLS as distributed by MLS GRID
Aug 10, 2005Sold$163,206$143Public Record
Jun 1, 2001Sold$127,500$112Public Record
Oct 29, 1998Sold$111,000$98Public Record
Sold$350,000
Mar 21, 2025•$308/sqft•NWMLS as distributed by MLS GRID
Pending Sale$348,500
Feb 28, 2025•$306/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$348,500
Feb 26, 2025•$306/sqft•NWMLS as distributed by MLS GRID
Sold$211,000
Oct 19, 2018•$185/sqft•NWMLS as distributed by MLS GRID
Pending Sale$206,950
Sep 12, 2018•$182/sqft•Turn Key Real Estate, Inc.
Price Change$206,950
Sep 8, 2018•$182/sqft•Turn Key Real Estate, Inc.
Price Change$211,950
Aug 15, 2018•$186/sqft•Turn Key Real Estate, Inc.
Listed For Sale$219,950
Aug 2, 2018•$193/sqft•Turn Key Real Estate, Inc.
Sold$195,000
Aug 28, 2008•$171/sqft•NWMLS as distributed by MLS GRID
Sold$163,206
Aug 10, 2005•$143/sqft•Public Record
Sold$127,500
Jun 1, 2001•$112/sqft•Public Record
Sold$111,000
Oct 29, 1998•$98/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$3,542$300,000
Apr 7, 2023$3,674$330,000
Apr 7, 2022$3,097$308,000
Apr 7, 2021$2,973$257,000
Apr 7, 2020$2,667$216,000
Apr 7, 2019$2,415$198,000
Apr 7, 2018$2,241$190,000
Apr 7, 2017$2,566$177,000
Apr 7, 2016$2,393$155,000
Apr 7, 2015$2,393$150,000
Apr 7, 2014$2,393$162,000
Apr 7, 2013$2,393$115,000
Apr 7, 2012—$100,000
Apr 7, 2011—$148,000
Apr 7, 2010—$165,000
Apr 7, 2009—$165,000
Apr 7, 2007—$173,000
Apr 7, 2006—$149,000
Apr 7, 2005—$143,000
Apr 7, 2001$1,482$108,300
Apr 7, 2000$1,284$89,500
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 05:48:26 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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