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741 S 295th Place, Federal Way, WA, 98003

5beds
3baths
2,440sqft
$925,000
$379price/sqft
$5,788/moest. monthly cost
$231,520/yrincome needed

About This Home

MARINE HILLS SOUND & MOUNTAIN VIEW & INCREDIBLE SUNSETS! REMODELED covered entry 5 bed 3 bath Tri-Level on huge professionally landscaped shy PRIVATE 1/3rd acre lot abutting PowellsWood Garden's 37 wooded acres. Practically everything is new or newer - floors to the roof – including skylights all opening windows & sliders, millwork, hardware & new hardwood floors in the entry, all living areas, stairs & hallways AND carpet in the bedrooms. MAIN floor boasts Sound View dining & livingroom w/ cozy wood-burning full-brick Frpl, skylighted exquisite SS/Granite/Maple Chef’s kitchen w/ professional gas stove & service islander to the formal dining area that opens to huge south-facing sunny BBQ/entertaining deck & fully fenced private back yard w/ sport court. Oversized high-door 2-car garage fits 2 full-sized SUVs w/ shelving & attic storage! UPSTAIRS: 4 bedrooms & remodeled full bath - 2 w/ Sound View - including the Sound View Primary w/ en suite 3/4 bath & full-wall bi-fold closets. DOWNSTAIRS: Multi-Gen or ADU? Large laundry room, extra storage, remote bedroom/den or multi-gen area w/ cozy wood-burning brick Frpl & bar in Sound View familyroom plus remodeled heated floor 3/4 bath! Extra driveway alongside the garage for more parking or for your RV to park back behind the gate (CC&R's)! Don’t miss the Highly acclaimed Marine Hills Swim & Tennis Club w/ optional online membership - just a few blocks away. Covenants include view protection & orderliness but there's no HOA or dues!

Getting Around

23
WalkingCar-Dependent
35
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

6/10
3/10
5/10
Sacajawea Middle SchoolGrades 6-80.3 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 1965

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Brick,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Tri-Level
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Dryer,Microwave,Refrigerator,Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: GAS,Water Heater Location: Lower Closet

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished

Bathroom Full

  • Level: Second

Bathroom Three Quarter

  • Level: Second

Bathroom Three Quarter

  • Level: Lower

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Lower

Features

  • Dining Room
  • Window features: Dbl Pane/Storm Window
  • Flooring: Engineered Hardwood,Vinyl,Vinyl Plank,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning,Lower Level: 1,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,440
  • Total interior livable area: 2,440 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 5152100150
  • Zoning: SFR
  • Zoning description: Jurisdiction: City
  • Special condition: Standard
  • Other equipment: Leased Equipment: NONE

Features

  • Levels: Three Or More
  • Entry location: Main
  • Patio & porch: Second Primary Bedroom,Dbl Pane/Storm Window,Dining Room,Fireplace,Security System,Sprinkler System,Water Heater,Wet Bar
  • Has view: Yes
  • View description: Sound
  • Has water view: Yes
  • Water view: Sound
  • Topography of land: Level,Terraces
  • Residential vegetation: Garden Space

Lot

  • Lot size: 0.32 Acres
  • Features: Curbs,Paved,Sidewalk,Athletic Court,Deck,Fenced-Fully,High Speed Internet,Patio,RV Parking,Sprinkler System

Parking

  • Total spaces: 8
  • Parking features: Driveway,Attached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 2
  • Uncovered spaces: 6

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
    EarthquakeModerate
  • 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 $4,677$56,124
Home Insurance *$196$2,352
Property Taxes $749$8,988
Electricity $166$2,002
Total$5,788$69,456
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$198,445/yr
40% on housing$173,640/yr
45% on housing$154,346/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

$379This listing

vs Other Active Listings

Avg $/sqft

ZIP 98003$220
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
2026-05-06Price change$949,500
2026-04-09Listed for sale$995,000

For Sale by Agent

AgentStephen T Ames
BrokerageJohn L. Scott, Inc.

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