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33717 40th Court SW, Federal Way, WA, 98023

4beds
2baths
1,580sqft
$598,000
$378price/sqft
$3,820/moest. monthly cost
$152,800/yrincome needed

About This Home

Beautifully maintained and MOVE-IN READY! This bright and inviting 4-bedroom tri-level home in a quiet cul-de-sac. GREAT VALUE at this price; new carpet and paint, updated open kitchen with breakfast bar. Main floor features a light-filled living room with a cozy wood fireplace that flows seamlessly into the dining creating an open feel. Upstairs are 3 bedrooms and an updated full bath. Lower level offers a bedroom with 3/4 bath, family room, and laundry. The family room is ideal for extra living space, office, or media space. Enjoy a spacious attached two-car garage, a newer roof, a newer furnace and brand new water heater. Newer 200 Amp electric panel in 2024. Home sits close to Dash Point State Park, Northshore, and Twin Lakes Golf Courses, and within a short distance to shops, restaurants, and the bus stop. Gas - Available at Street. No HOA. Beat the summer heat! Enjoy the comfort of Central Air Conditioning (AC).A dedicated wood fenced area with in the backyard provides a secure space for pets to play, while the beautiful crabapple tree adds welcome shade and vibrant seasonal color.

Getting Around

47
WalkingCar-Dependent
39
TransitSome Transit
49
BikeSomewhat Bikeable

Schools

4/10
4/10
Decatur High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1979

Materials

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

Notable Dates

  • Major remodel year: 1979

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary,Tri-Level
  • 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),Water Heater: Electric,Water Heater Location: Garage

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom Full

  • Level: Second

Bathroom Three Quarter

  • Level: Lower

Bedroom

  • Level: Lower

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Lower

Features

  • Bath Off Primary,Dining Room
  • Window features: Dbl Pane/Storm Window
  • Flooring: Laminate,Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating

  • Heating features: Fireplace,Forced Air,Heat Pump,Electric

Interior Area

  • Total structure area: 1,580
  • Total interior livable area: 1,580 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 9211510670
  • Zoning: RS9.6
  • Zoning description: Jurisdiction: City
  • Special condition: Standard
  • Other equipment: Leased Equipment: none

Features

  • Levels: Three Or More
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Fireplace,Water Heater
  • Has view: Yes
  • View description: Territorial
  • Topography of land: Partial Slope,Sloped
  • Residential vegetation: Garden Space

Lot

  • Lot size: 7,126 sqft
  • Features: Cul-De-Sac,Dead End Street,Paved,Deck,Gas Available

Parking

  • Total spaces: 4
  • Parking features: Driveway,Attached Garage
  • 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
    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 $3,023$36,276
Home Insurance *$137$1,644
Property Taxes $511$6,132
Electricity $149$1,793
Total$3,820$45,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,971/yr
40% on housing$114,600/yr
45% on housing$101,866/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 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
2026-08-14Price change$593,000
2026-07-04Price change$598,000
2026-06-01Price change$624,500
2026-05-14Listed for sale$638,000

For Sale by Agent

AgentAna I Pereyra
BrokerageRealty One Group Turn Key

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