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1723 SW 344th Place, Federal Way, WA, 98023

3beds
3baths
2,250sqft
$774,950
$344price/sqft
$4,876/moest. monthly cost
$195,040/yrincome needed

About This Home

First time ever on the market! Lovingly maintained by its original owners, this exceptional home showcases pride of ownership with thoughtful updates throughout. The remodeled kitchen, updated primary bathroom, refreshed downstairs powder room, Brazilian hardwood patio, and fresh exterior paint blend modern style with timeless appeal. Designed for comfort and functionality, the well-planned layout features all bedrooms upstairs for added privacy with additional large extra room, while the main level offers spacious living and dining areas, a dedicated den space, and an inviting kitchen that flows seamlessly to the backyard. The outdoor space is a gardener's paradise with established fruit and vegetable gardens, colorful flowers, abundant gardening space from front to back, and a full drip irrigation system. A spacious main-floor laundry room adds convenience, while the oversized 3-car garage offers abundant storage. Dedicated RV/boat parking, plus a built-in security system, provide added peace of mind and flexibility. Conveniently located near major commuter routes and public transportation while nestled in a peaceful neighborhood, this rare offering combines exceptional care, thoughtful updates, functional living spaces, and incredible outdoor amenities.

Getting Around

35
WalkingCar-Dependent
36
TransitSome Transit
52
BikeBikeable

Schools

4/10
Illahee Middle SchoolGrades 5-81.4 mi
3/10
Todd Beamer High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2003

Materials

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

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Stove(s)/Range(s),Trash Compactor,Washer,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Tank,Water Heater Location: Garage

Bathroom Full

  • Level: Second

Bathroom Full

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Second

Entry Hall

  • Level: Main

Features

  • Bath Off Primary
  • Window features: Dbl Pane/Storm Window,Triple Pane Windows
  • Flooring: Engineered Hardwood,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Lower Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Natural Gas
  • Cooling features: Forced Air

Interior Area

  • Total structure area: 2,250
  • Total interior livable area: 2,250 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Other

  • Level: Main

Property

Details

  • Parcel number: 1895450300
  • Zoning: RS7.2
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Fireplace,Hot Tub/Spa,Security System,Sprinkler System,Triple Pane Windows,Vaulted Ceiling(s),Water Heater
  • Has spa: Yes
  • Spa features: Indoor
  • Residential vegetation: Fruit Trees,Garden Space

Lot

  • Lot size: 8,237 sqft
  • Features: Paved,Sidewalk,Cabana/Gazebo,Cable TV,Deck,Electric Car Charging,Fenced-Fully,Gas Available,High Speed Internet,Hot Tub/Spa,Patio,RV Parking,Sprinkler System
  • Lot size dimensions: 8,239 sqft

Parking

  • Total spaces: 6
  • Parking features: Driveway,Attached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 3
  • Uncovered spaces: 3

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 $3,918$47,016
Home Insurance *$178$2,136
Property Taxes $627$7,524
Electricity $153$1,846
Total$4,876$58,512
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$167,177/yr
40% on housing$146,280/yr
45% on housing$130,026/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

$344This listing

vs Other Active Listings

Avg $/sqft

ZIP 98023$304
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
2026-07-31Listed for sale$774,950
2004-02-03Sold$281,200

For Sale by Agent

AgentBobby Mollish
BrokerageeXp Realty

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