3131 S 368th Street, Federal Way, WA, 98003
About This Home
Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on a spacious corner lot in a highly sought-after neighborhood. Surrounded by mature trees, this residence offers an inviting blend of indoor and outdoor living. Step inside to soaring vaulted ceilings and a cozy wood burning fireplace in the expansive living room, where large windows fill the space with natural light. The gourmet kitchen is a chef’s delight, featuring rich wood cabinetry with soft close drawers, granite countertops, stainless steel appliances, and a large island with seating that seamlessly connects to the dining area. Adjacent family room provides flexible space for relaxing or entertaining. Retreat to the primary suite with double closets, private ensuite, and direct access to the beautiful back deck. Three generously sized additional bedrooms can also be used for a home office, or hobbies. There is also a bonus/flex room. Enjoy laminate hardwood floors, designer fixtures, energy-efficient windows, and a newly insulated crawl space and attic. Outside, a huge backyard deck is perfect for gatherings, complemented by a fully fenced yard and oversized two-car detached garage/shop. Upgrades include AC, tankless water heater, and an enhanced electrical panel. Conveniently located near schools, shopping, restaurants, and easy freeway access. Don’t miss out on this exceptional opportunity to call this remarkable property your home!
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1940
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Heater: Tankless/Gas,Water Heater Location: Utility Room
Basement
- Basement: None
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Dining Room
- Level: Main
Entry Hall
- Level: Main
Family Room
- Level: Main
Features
- Bath Off Primary,High Tech Cabling
- Window features: Dbl Pane/Storm Window
- Number of fireplaces: 1
- Fireplace features: Wood Burning,Main Level: 1,Fireplace
- Fireplace: Yes
Heating
- Heating features: Fireplace,Forced Air,Natural Gas
Interior Area
- Total structure area: 2,110
- Total interior livable area: 2,110 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Other
- Level: Main
Other
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 3321049046
- Zoning: R4
- Zoning description: Jurisdiction: County
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Fireplace,High Tech Cabling,Vaulted Ceiling(s),Walk-In Closet(s),Water Heater
- Has view: Yes
- View description: Territorial
- Topography of land: Level
- Residential vegetation: Garden Space
Lot
- Lot size: 0.29 Acres
- Features: Corner Lot,Paved,Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,RV Parking
Parking
- Total spaces: 4
- Parking features: Detached Garage,RV Parking
- Has garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,160 | $37,920 |
| Home Insurance * | $132 | $1,584 |
| Property Taxes | $551 | $6,612 |
| Electricity | $149 | $1,793 |
| Total | $3,992 | $47,904 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Price change | $650,000 |
| 2026-04-16 | Listed for sale | $664,950 |
| 2016-12-23 | Sold | $367,950 |
| 2016-12-05 | Pending sale | $367,950 |
| 2016-11-21 | Listed for sale | $367,950 |
| 2016-11-14 | Pending sale | $367,950 |
| 2016-09-14 | Price change | $367,950 |
| 2016-08-11 | Price change | $369,950 |
| 2016-07-22 | Listed for sale | $379,950 |
| 2016-07-11 | Pending sale | $379,950 |
| 2016-07-09 | Price change | $379,950 |
| 2016-05-26 | Price change | $399,950 |
| 2016-05-19 | Price change | $424,950 |
| 2016-05-08 | Listed for sale | $449,950 |
| 2016-01-13 | Sold | $181,100 |
| 2015-07-20 | Price change | $180,000 |
| 2015-05-14 | Price change | $199,950 |
| 2015-03-31 | Listed for sale | $221,000 |
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