Perfect opportunity for buyers seeking value and room to create instant equity. This townhome needs work and is priced accordingly. Functional floorplan with two bedrooms, 1.5 baths, fireplace, and private outdoor area. Convenient Federal Way location close to shopping, parks, and schools. Bring your contractor and imagination, great potential here. Selling as-is.
Active
Listed by:
Matt Iwama,
Masterpiece Real Estate
Price cut: $10K (12/3)
$249,000
2019 SW 318 Place #4C, Federal Way, WA 98023
2beds
1,298sqft
Est.:
Condominium
Built in 1978
-- sqft lot
$258,000 Zestimate®
$192/sqft
$650/mo HOA
What's special
Private outdoor areaTwo bedrooms
- 23 days |
- 823 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 05:57pm
Listed by:
Matt Iwama,
Masterpiece Real Estate
Source: NWMLS,MLS#: 2456319
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Baseboard, Electric
Cooling
- None
Appliances
- Included: Water Heater: Electric, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric, Washer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,298
- Total interior livable area: 1,298 sqft
Property
Parking
- Total spaces: 1
- Parking features: Individual Garage, RV Parking, RV Parking
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Cooking-Electric, Dryer-Electric, Fireplace, Washer, Water Heater
- Has view: Yes
- View description: Territorial
Details
- Parcel number: 8561100150
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Metal/Vinyl
- Roof: Composition
Condition
- Year built: 1978
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: Puget sound energy
Community & HOA
Community
- Features: Athletic Court, Pool, RV Parking, Sauna
- Subdivision: Lakota
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Road Maintenance, Sewer, Water
- HOA fee: $650 monthly
- HOA phone: 206-613-3962
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $289,000
- Annual tax amount: $3,429
- Date on market: 11/18/2025
- Cumulative days on market: 24 days
- Listing terms: Cash Out,Conventional
Foreclosure details
Estimated market value
$258,000
$245,000 - $271,000
$2,250/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Price change | $249,000-3.9%$192/sqft |
Source: | ||
| 11/19/2025 | Listed for sale | $259,000+37.6%$200/sqft |
Source: | ||
| 3/28/2008 | Sold | $188,200+58.3%$145/sqft |
Source: Public Record Report a problem | ||
| 4/3/2001 | Sold | $118,900+41.5%$92/sqft |
Source: | ||
| 9/18/1998 | Sold | $84,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,429 +7% | $289,000 +0.3% |
| 2023 | $3,205 +22.4% | $288,000 +10.8% |
| 2022 | $2,618 +9.4% | $260,000 +26.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,100/mo
Principal & interest
$1193
HOA Fees
$650
Other costs
$257
Climate risks
Neighborhood: Lake Ota
Nearby schools
GreatSchools rating
- 3/10Adelaide Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Lakota Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Decatur High SchoolGrades: 9-12Distance: 0.4 mi
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