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37702 27th Place, Federal Way, WA, 98003

2beds
2baths
1,470sqft
$555,000
$378price/sqft
$3,584/moest. monthly cost
$143,360/yrincome needed

About This Home

Welcome to your next home! Nestled in well-established neighborhood, this inviting and fully updated residence offers the perfect blend of comfort, functionality, and convenience.Step inside to discover a bright and spacious interior featuring an open-concept layout, ideal for both everyday living and entertaining. The home boasts generously sized living areas, a well-appointed kitchen with ample cabinetry and counter space, and sizable windows that fill the space with natural light.The bedrooms provide comfortable retreats, while the backyard offers plenty of room for outdoor gatherings, gardening, or simply relaxing. Whether you're hosting friends or enjoying a quiet evening at home, this property delivers versatility and charm.Conveniently located near shopping, dining, parks, and major commuter routes, this home combines suburban tranquility with easy access to everything you need.Be sure to check out the virtual tour—there’s a link available so you can explore the home in detail from the comfort of your own space!

Getting Around

16
WalkingCar-Dependent
32
TransitSome Transit
32
BikeSomewhat Bikeable

Schools

--
Discovery Primary SchoolGrades PK-21.1 mi
3/10
8/10
Fife High SchoolGrades 10-123.1 mi

Construction

Condition

  • Year built: 1986

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s)

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Flooring: Bamboo/Cork

Heating

  • Heating features: Forced Air,Electric

Interior Area

  • Total structure area: 1,470
  • Total interior livable area: 1,470 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 3876540550
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Residential vegetation: Garden Space

Lot

  • Lot size: 8,498 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,806$33,672
Home Insurance *$117$1,404
Property Taxes $512$6,144
Electricity $149$1,793
Total$3,584$43,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,880/yr
40% on housing$107,520/yr
45% on housing$95,573/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$378This listing

vs Other Active Listings

Avg $/sqft

ZIP 98003$222
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98003$341
King County$485

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

DateEventPrice
2026-05-07Listed for sale$560,000
2026-04-20Sold$410,000

For Sale by Agent

AgentKylie Bacungan
BrokerageOrchard Brokerage, LLC

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