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1031 SW 350th Place, Federal Way, WA, 98023

3beds
2baths
1,490sqft
$550,000
$369price/sqft
$3,140/moest. monthly cost
$125,600/yrincome needed

About This Home

Spectacular is the only way to describe this charming 1,490-square-foot rambler offering three bedrooms and 1.75 baths, all on one convenient level. With gleaming hardwood floors, newer appliances, fresh exterior paint, and a warm, welcoming layout, this home has so much to offer. Inside, you’ll find a generously sized living and dining area, along with a spacious family room that provides plenty of room to relax or entertain. While some of the interior reflects its original charm and offers an opportunity for your personal updates, the home is full of potential and character. Step outside to enjoy the brand-new deck and beautifully landscaped front and back yards, all situated on a 6,000-square-foot lot in a quiet, lovely neighborhood. A two-car garage adds even more value and functionality. Conveniently located close to shopping, schools, and transportation, this home combines comfort, charm, and everyday convenience.

Getting Around

26
WalkingCar-Dependent
30
TransitSome Transit
59
BikeBikeable

Schools

4/10
Illahee Middle SchoolGrades 5-80.9 mi
3/10
Todd Beamer High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1989

Materials

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

Notable Dates

  • Major remodel year: 2010

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Dining Room,High Tech Cabling,Pantry
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Hardwood,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 1,490
  • Total interior livable area: 1,490 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 5422430190
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,High Tech Cabling,Pantry,Security System,Skylight(s),Sprinkler System,Walk-In Closet(s)
  • Has view: Yes
  • View description: Territorial
  • Topography of land: Level,Terraces
  • Residential vegetation: Garden Space

Lot

  • Lot size: 5,998 sqft
  • Features: Curbs,Paved,Sidewalk,Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Sprinkler System

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
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

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 $2,781$33,372
Home Insurance *$126$1,512
Property Taxes $84$1,008
Electricity $149$1,793
Total$3,140$37,680
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,657/yr
40% on housing$94,200/yr
45% on housing$83,733/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

$369This listing

vs Other Active Listings

Avg $/sqft

ZIP 98023$306
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98023$319
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
2026-05-09Listed for sale$575,000
2026-04-24Pending sale$575,000
2026-04-13Listed for sale$575,000
2000-09-05Sold$186,000

For Sale by Agent

AgentJim McConville
BrokerageBerkshire Hathaway HS NW

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