Sold307d on market
31616 40th Avenue SW
Federal Way, WA, 98023 • Twin Lakes • King County
$740,000
$352/sqft
4Beds
3Baths
2,100Sqft
0.19 acLot
1970Built
Property DNA
Federal Way
Twin Lakes
Enhanced Security
Security Service · Security System
Outdoor Living
Bath Off Primary · Ceramic Tile · Dining Room · Fireplace · Security System · Water Heater
1 Fireplace
Gas · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
Ceramic Tile & Engineered Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 307 days ago · 18 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
18 views
People checking out this listing
307 days on market
Established listing
$352/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% 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 1970
Explore this cottage that combines privacy, elegance, and sophistication! This stunning two-story residence is situated in the sought-after Twin Lakes neighborhood. Generous spaces and designer details, such as fresh paint, wainscoting, and crown molding, are present throughout. The modern kitchen features white cabinetry, a wall oven, and a cozy breakfast nook. There are also formal living and dining rooms. The family room highlights a masonry fireplace and open beams. The spacious master suite boasts a three-quarter bath with heated floors and dual closets. Enhanced by double-hung windows, ample storage, and copper gutters, the property is a gem. Delight in the beautifully landscaped private yard, which is fully fenced.
Standout features identified
Our analysis highlights masonry fireplace, modern kitchen, and beautifully landscaped private yard as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,626/month
Principal & Interest$3,602
Property Tax$740
Insurance$247
HOA$37
Down payment20% ($148,000)
3%50%
Est. 6.14% rate · 30yr fixed · $592,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1970
HeatingFireplace, Forced Air, Heat Pump, Electric, Natural Gas
CoolingNone
Parking2 Attached Garage spaces
HOA$111 quarterly
Lot8,241 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionVery Good
Year built1970
Stories2
Systems
HeatingFireplace, Forced Air, Heat Pump, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionStone, Wood Siding
Water / SewerPublic, Company: TPU / Sewer Connected, Company: Lakehaven
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
BasementNone
Fireplaces1
Lot8,241 sqft
Location & Tax
NeighborhoodTwin Lakes
Annual tax$6,215
Parcel8731982100
Bathrooms & Fees
Full baths1
HOA$37/mo
Features & details
13 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher(s)
Disposal
Double Oven
Refrigerator(s)
Stove(s)/Range(s)
Garbage Disposal
Water Heater: Gas
Water Heater Location: Garage
Flooring
Ceramic Tile
Engineered Hardwood
Carpet
Heating
Fireplace
Forced Air
Heat Pump
Electric
Natural Gas
Cooling
None
Fireplace
Gas
Main Level: 1
Fireplace
Exterior Features
Parking
Attached Garage
Construction
Stone
Wood Siding
Patio & Porch
Bath Off Primary
Ceramic Tile
Dining Room
Fireplace
Security System
Water Heater
Lot Features
Curbs
Paved
Sidewalk
Cable TV
Deck
Fenced-Fully
Fenced-Partially
Gas Available
Patio
Sprinkler System
Community
CCRs
Golf
Park
Security
Security Service
Security System
Utilities
Comcast/Xfinity
Room details
13 rooms detailed
Master Bedroom
Bedroom
Bedroom
Bedroom
Bathroom Full
Bathroom Three Quarter
Listing insights
Market data and value estimates
StatusSold
Days on market307
Est. value$737,400
Est. rent$3,549/mo
Tax rate0.82%
Price/sqft$352
On marketJun 30, 2025
PostedMay 1, 2025
Last sold$740,000
MLS statusSold
MLS updatedJul 4, 2025
Tour days6
Views18
How are the schools in Federal Way?
3 schools rated nearby
Location
Federal Way, WA, 98023
Price history
6 events
DateEventPrice$/sqftSource
Jun 3, 2025Sold$740,000$352NWMLS as distributed by MLS GRID
May 4, 2025Pending Sale$649,950$310NWMLS as distributed by MLS GRID
May 1, 2025Listed For Sale$649,950$310NWMLS as distributed by MLS GRID
Aug 7, 2007Sold$355,950$170NWMLS as distributed by MLS GRID
Nov 30, 2005Sold$337,000$160NWMLS as distributed by MLS GRID
Jul 31, 1995Sold$145,000$69Public Record
Sold$740,000
Jun 3, 2025•$352/sqft•NWMLS as distributed by MLS GRID
Pending Sale$649,950
May 4, 2025•$310/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$649,950
May 1, 2025•$310/sqft•NWMLS as distributed by MLS GRID
Sold$355,950
Aug 7, 2007•$170/sqft•NWMLS as distributed by MLS GRID
Sold$337,000
Nov 30, 2005•$160/sqft•NWMLS as distributed by MLS GRID
Sold$145,000
Jul 31, 1995•$69/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$6,238$627,000
Apr 7, 2023$6,215$568,000
Apr 7, 2022$6,056$617,000
Apr 7, 2021$5,197$458,000
Apr 7, 2020$5,094$422,000
Apr 7, 2019$4,835$405,000
Apr 7, 2018$4,473$388,000
Apr 7, 2017$4,816$338,000
Apr 7, 2016$3,932$306,000
Apr 7, 2015$3,932$284,000
Apr 7, 2014$3,932$270,000
Apr 7, 2013$3,932$209,000
Apr 7, 2012—$195,000
Apr 7, 2011—$229,000
Apr 7, 2010—$264,000
Apr 7, 2009—$264,000
Apr 7, 2007—$266,000
Apr 7, 2006—$247,000
Apr 7, 2005—$229,000
Apr 7, 2001$2,414$180,000
Apr 7, 2000$2,381$171,000
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 09:43:21 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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