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  • 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
    : 
    Condominium
    Built in 1978
    -- sqft lot
    $258,000 Zestimate®
    $192/sqft
    $650/mo HOA

    What's special

    Private outdoor areaTwo bedrooms
    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.
    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#: 2456319MLS Logo

    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
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    Foreclosure details

    Estimated market value

    $258,000

    $245,000 - $271,000

    $2,250/mo

    Price history

    Price history
    DateEventPrice
    12/3/2025Price change$249,000-3.9%$192/sqft
    Source: NWMLS #2456319 Report a problem
    11/19/2025Listed for sale$259,000+37.6%$200/sqft
    Source: NWMLS #2456319 Report a problem
    3/28/2008Sold$188,200+58.3%$145/sqft
    Source: Public Record Report a problem
    4/3/2001Sold$118,900+41.5%$92/sqft
    Source: NWMLS #21014505 Report a problem
    9/18/1998Sold$84,000$65/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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