3623 SW 331st Place, Federal Way, WA, 98023
About This Home
***NEW LOW PRICE*** This fully reimagined tri-level in Twin Lakes Highlands offers every major update already done - move in and enjoy from day one. Inside, fresh LVP flooring flows throughout the home, complemented by all-new interior and exterior paint. The kitchen features durable ceramic tile and opens to a warm living room anchored by a wood-burning fireplace. A separate rec room with a gas free-standing stove creates the perfect flex space for work or play. Upstairs, three bedrooms include a primary suite with its own 3/4 bath, plus a full hall bath. Additional upgrades: new roof, new garage doors, and a garage pre-wired for an EV charger. Outside is where this home truly shines. A brand-new stamped concrete driveway and expanded patio set the stage for an entertainer's backyard unlike any other. A custom covered patio with bistro lighting and a gas fireplace extends your living season year-round. A covered area - ideal for a play structure or RV/boat parking. Garden tool shed keeps the garage clean. All of this on a generous 7,875 sq ft lot. Twin Lakes Highlands is one of Federal Way's most beloved communities - built around an 18-hole golf course, three scenic lakes, and parks with Puget Sound and Olympic Mountain views. It's the kind of neighborhood people don't want to leave.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1978
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Cement Planked,Wood Products,Cement Plank
Type & Style
- Home type: SingleFamily
- Architectural style: Tri-Level
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Double Oven,Dryer,Microwave,See Remarks,Stove(s)/Range(s),Washer,Dryer(s),Garbage Disposal,Microwave(s),Washer(s),Water Heater: Gas,Water Heater Location: Garage
Basement
- Has basement: Yes
- Basement: Finished
Bathroom Full
- Level: Second
Bathroom Three Quarter
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary,Ceiling Fan(s),Dining Room
- Door features: French Doors
- Window features: Dbl Pane/Storm Window
- Flooring: Concrete,Vinyl Plank
- Number of fireplaces: 2
- Fireplace features: Gas,Wood Burning,Lower Level: 1,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Natural Gas,Wood
- Cooling features: None
Interior Area
- Total structure area: 1,870
- Total interior livable area: 1,870 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Second
Other
- Level: Lower
Rec Room
- Level: Lower
Property
Details
- Parcel number: 8732130120
- Special condition: Standard
Features
- Levels: Three Or More
- Entry location: Main
- Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,Walk-In Closet(s),Water Heater,Wine/Beverage Refrigerator
- Topography of land: Level,Partial Slope
Lot
- Lot size: 7,875 sqft
- Features: Curbs,Paved,Sidewalk,Cabana/Gazebo,Cable TV,Electric Car Charging,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,Outdoor Fireplace,Patio,RV Parking
Parking
- Total spaces: 2
- Parking features: Attached Garage,RV Parking
- 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
- 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 | $3,185 | $38,220 |
| Home Insurance * | $144 | $1,728 |
| Property Taxes | $533 | $6,396 |
| Electricity | $149 | $1,793 |
| Total | $4,011 | $48,132 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Pending sale | $630,000 |
| 2026-07-30 | Price change | $630,000 |
| 2026-07-21 | Price change | $649,000 |
| 2026-07-09 | Price change | $665,000 |
| 2026-07-02 | Pending sale | $675,000 |
| 2026-06-21 | Price change | $675,000 |
| 2026-06-17 | Listed for sale | $739,000 |
| 2018-05-07 | Sold | $375,000 |
| 2018-03-17 | Pending sale | $384,950 |
| 2018-03-15 | Listed for sale | $384,950 |
| 2018-03-14 | Pending sale | $384,950 |
| 2018-03-08 | Listed for sale | $384,950 |
View on Zillow