Sold591d on market
32202 40th Place SW
Federal Way, WA, 98023 • Twin Lakes • King County
$955,000
$299/sqft
5Beds
3Baths
3,192Sqft
0.19 acLot
1971Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
Lake · Territorial
Northwest Contemporary Style
Built 1971 · 55 years of history
Twin Lakes
Twin Lakes
Outdoor Living
Second Primary Bedroom · Bath Off Primary · Ceramic Tile · Double Pane/Storm Window · Dining Room · Fireplace · Fireplace (Primary Bedroom) · French Doors · Skylight(s) · Vaulted Ceiling(s) · Walk-In Closet(s) · Wall to Wall Carpet · Water Heater
2 Fireplaces
Electric · Gas · Main Level: 1 · Upper Level: 1 · Fireplace
2-Car Garage
Driveway · Attached Garage
Ceramic Tile Floors
Quality flooring throughout
This home is getting attention
Listed 591 days ago · 7 views
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
591 days on market
Established listing
$299/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 46% 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 1971
Better than new! This gorgeous 5bd/2.75bth Twin Lakes home was custom rebuilt in 2019 w/Quality craftsmanship, modern millwork& smart design elements throughout. Extremely energy efficient w/HE appliances, insulated interior walls, dual climate control& more! Gourmet kitchen is an entertainer’s dream w/Massive island, soft-close cabinets, quartz countertops, breakfast bar& more! Stunning Primary Suite w/Vaulted ceilings, balcony, spa-like 5pc bath, double-sided fireplace w/sitting area& walk-in closet! Main level Jr Primary w/ 3/4bath offers multi-gen living! Beautifully landscaped w/Irrigation, gardens& lots of room to play& entertain! Hot tub, A/C, tankless WH, 220V electric car charging& all appliances stay! Too much to list. MUST SEE!
Estimated monthly payment
Based on current rates
$5,980/month
Principal & Interest$4,670
Property Tax$955
Insurance$318
HOA$37
Down payment20% ($191,000)
3%50%
Est. 6.18% rate · 30yr fixed · $764,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1971
HeatingFireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Tankless Water Heater, Electric, Natural Gas
Cooling90%+ High Efficiency, Heat Pump
Parking2 Attached Garage spaces
HOA$37 monthly
Lot8,424 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleNorthwest Contemporary
Year built1971
Stories2
Systems
HeatingFireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Tankless Water Heater, Electric, Natural Gas
Cooling90%+ High Efficiency, Heat Pump
RoofComposition
ConstructionMetal/Vinyl
Water / SewerPublic, Company: Lakehaven / Sewer Connected, Company: Lakehaven
Parking & Outdoor
ParkingDriveway, Attached Garage
Garage2 spaces
BasementNone
Fireplaces2
Lot8,424 sqft
Location & Tax
NeighborhoodTwin Lakes
Annual tax$6,606
Parcel8731960390
Bathrooms & Fees
Full baths2
HOA$37/mo
Features & details
13 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher(s)
Dryer(s)
Disposal
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Garbage Disposal
Water Heater: Tankless Gas
Water Heater Location: Garage
Flooring
Ceramic Tile
Vinyl Plank
Carpet
Heating
Fireplace
90%+ High Efficiency
Forced Air
Heat Pump
Tankless Water Heater
Electric
Natural Gas
Cooling
90%+ High Efficiency
Heat Pump
Fireplace
Electric
Gas
Main Level: 1
Upper Level: 1
Fireplace
Windows
Double Pane/Storm Window
Skylight(s)
Exterior Features
Parking
Driveway
Attached Garage
Construction
Metal/Vinyl
Patio & Porch
Second Primary Bedroom
Bath Off Primary
Ceramic Tile
Double Pane/Storm Window
Dining Room
Fireplace
Fireplace (Primary Bedroom)
French Doors
Skylight(s)
Vaulted Ceiling(s)
Walk-In Closet(s)
Wall to Wall Carpet
Water Heater
Lot Features
Curbs
Paved
Sidewalk
Cable TV
Deck
Electric Car Charging
Fenced-Partially
Gas Available
High Speed Internet
Hot Tub/Spa
Irrigation
Outbuildings
Patio
Community
Athletic Court
CCRs
Clubhouse
Golf
Park
Playground
Trail(s)
Views
Lake
Territorial
Room details
14 rooms detailed
Master Bedroom
SecondBedroom
SecondBedroom
SecondBedroom
SecondBedroom
MainBathroom Full
SecondListing insights
Market data and value estimates
StatusSold
Days on market591
Est. value$913,700
Est. rent$4,434/mo
Tax rate0.82%
Price/sqft$299
On marketAug 14, 2024
PostedJul 18, 2024
Last sold$955,000
MLS statusSold
MLS updatedAug 26, 2024
Tour days6
Views7
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
11 events
DateEventPrice$/sqftSource
Aug 23, 2024Sold$955,000$299NWMLS as distributed by MLS GRID
Jul 31, 2024Pending Sale$950,000$298NWMLS as distributed by MLS GRID
Jul 18, 2024Listed For Sale$950,000$298NWMLS as distributed by MLS GRID
Aug 16, 2016Sold$415,000$130NWMLS as distributed by MLS GRID
Nov 22, 2013Sold$261,450$82NWMLS as distributed by MLS GRID
Oct 11, 2013Pending Sale$261,450$82Windermere Real Estate/Puyallup Inc.
Sep 26, 2013Listed For Sale$261,450$82Windermere Real Estate Lake Tapps Inc.
Apr 19, 2013Sold$393,968$123Public Record
Jun 18, 2008Sold$387,000$121Public Record
Feb 28, 2008Listing Removed$400,000$125RealBird
Feb 26, 2008Listed For Sale$400,000$125RealBird
Sold$955,000
Aug 23, 2024•$299/sqft•NWMLS as distributed by MLS GRID
Pending Sale$950,000
Jul 31, 2024•$298/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$950,000
Jul 18, 2024•$298/sqft•NWMLS as distributed by MLS GRID
Sold$415,000
Aug 16, 2016•$130/sqft•NWMLS as distributed by MLS GRID
Sold$261,450
Nov 22, 2013•$82/sqft•NWMLS as distributed by MLS GRID
Pending Sale$261,450
Oct 11, 2013•$82/sqft•Windermere Real Estate/Puyallup Inc.
Listed For Sale$261,450
Sep 26, 2013•$82/sqft•Windermere Real Estate Lake Tapps Inc.
Sold$393,968
Apr 19, 2013•$123/sqft•Public Record
Sold$387,000
Jun 18, 2008•$121/sqft•Public Record
Listing Removed$400,000
Feb 28, 2008•$125/sqft•RealBird
Listed For Sale$400,000
Feb 26, 2008•$125/sqft•RealBird
Tax history
20 years of records
YearTax paidAssessed value
Apr 7, 2024$6,712$668,000
Apr 7, 2023$6,606$605,000
Apr 7, 2022$6,437$657,000
Apr 7, 2021$5,954$527,000
Apr 7, 2019$3,926$327,000
Apr 7, 2018$5,203$453,000
Apr 7, 2017$5,610$395,000
Apr 7, 2016$4,570$357,000
Apr 7, 2015$4,570$332,000
Apr 7, 2014$4,570$315,000
Apr 7, 2013$4,570$236,000
Apr 7, 2012—$220,000
Apr 7, 2011—$258,000
Apr 7, 2010—$297,000
Apr 7, 2009—$297,000
Apr 7, 2007—$318,000
Apr 7, 2006—$263,000
Apr 7, 2005—$244,000
Apr 7, 2001$2,609$195,000
Apr 7, 2000$2,570$185,000
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 06:48:29 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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