Nestled in a quiet and established neighborhood, this beautifully maintained tri-level residence offers the perfect blend of comfort, functionality, and lifestyle convenience. Ideally located just minutes from Five Mile Lake Park, this home provides easy access to outdoor recreation while still enjoying a peaceful residential setting.Inside, you’ll find a thoughtfully designed layout featuring 3 spacious bedrooms, a welcoming living room, and an additional family room that offers flexible space for entertaining, relaxing, or working from home. A cozy fireplace serves as the heart of the home, creating a warm and inviting atmosphere year-round.The bright and airy dining area is truly a standout, highlighted by expansive panoramic windows that flood the space with natural light and create an effortless connection to the outdoors.Step outside to enjoy multiple outdoor living spaces, including both front and backyard deck and patio areas, perfect for morning coffee, summer gatherings, or quiet evenings under the sky. The outdoor setup enhances both curb appeal and everyday livability.A unique bonus to this property is the detached shed, thoughtfully converted into a personal gym space, ideal for fitness, hobbies, or a private retreat.With its convenient location, versatile floor plan, abundant natural light, and rare lifestyle features, this home offers an exceptional opportunity for comfortable living in a highly desirable area.
Active
Listed by: Skyline Properties, Inc.
$700,000
2516 S 367th Place, Federal Way, WA 98003
3beds
1,640sqft
Est.:
Single Family Residence
Built in 1987
8,690.22 Square Feet Lot
$-- Zestimate®
$427/sqft
$-- HOA
What's special
Cozy fireplaceAbundant natural lightTri-level residenceExpansive panoramic windowsVersatile floor planMultiple outdoor living spaces
- 14 hours |
- 120 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Vadim Polishchuk,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2519290
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom three quarter
- Level: Second
Bathroom three quarter
- Level: Second
Other
- Level: Lower
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Natural Gas
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary
- Flooring: Ceramic Tile, Laminate, Vinyl
- Doors: French Doors
- Windows: Skylight(s)
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,640
- Total interior livable area: 1,640 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: Three Or More
- Entry location: Main
- Patio & porch: Bath Off Primary, Fireplace, French Doors, Skylight(s)
Lot
- Size: 8,690.22 Square Feet
- Features: Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking, Shop
Details
- Parcel number: 2019200610
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Tri-Level
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl, Wood Siding
- Foundation: Poured Concrete, Slab
- Roof: Composition
Condition
- Year built: 1987
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Federal Way
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $427/sqft
- Tax assessed value: $541,000
- Annual tax amount: $6,203
- Date on market: 5/8/2026
- Cumulative days on market: 1 day
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $700,000+133.3%$427/sqft |
Source:  NWMLS as distributed by MLS GRID #2519290 Report a problem | ||
| 4/19/2023 | Sold | $300,000+22.5%$183/sqft |
Source: Public Record Report a problem | ||
| 6/1/2009 | Sold | $244,900+56.1%$149/sqft |
Source: NWMLS as distributed by MLS GRID #29060416 Report a problem | ||
| 3/31/2009 | Sold | $156,893-45.9%$96/sqft |
Source: Public Record Report a problem | ||
| 10/6/2006 | Sold | $290,000+480%$177/sqft |
Source: NWMLS as distributed by MLS GRID #26129936 Report a problem | ||
| 8/17/2006 | Sold | $50,000-81.1%$30/sqft |
Source: Public Record Report a problem | ||
| 4/20/2005 | Sold | $264,000+84.4%$161/sqft |
Source: Public Record Report a problem | ||
| 12/17/1996 | Sold | $143,150$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,918 +6.2% | $541,000 +16.8% |
| 2023 | $5,573 +3.7% | $463,000 -7.4% |
| 2022 | $5,375 +9.1% | $500,000 +27.2% |
| 2021 | $4,928 +9.9% | $393,000 +18.7% |
| 2020 | $4,484 +4.1% | $331,000 +3.8% |
| 2019 | $4,309 +8.5% | $319,000 +5.6% |
| 2018 | $3,972 -4.3% | $302,000 +15.7% |
| 2017 | $4,150 +24.6% | $261,000 +17% |
| 2016 | $3,330 | $223,000 +1.4% |
| 2015 | $3,330 | $220,000 +6.3% |
| 2014 | $3,330 | $207,000 +21.1% |
| 2013 | $3,330 | $171,000 +2.4% |
| 2012 | -- | $167,000 -17.7% |
| 2011 | -- | $203,000 -7.3% |
| 2010 | -- | $219,000 |
| 2009 | -- | $219,000 -3.9% |
| 2007 | -- | $228,000 +7% |
| 2006 | -- | $213,000 +6% |
| 2005 | -- | $201,000 +25.6% |
| 2001 | $2,220 +0.2% | $160,000 +3.2% |
| 2000 | $2,216 | $155,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,871/mo
Principal & interest
$3393
Property taxes
$478
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Climate risks
Neighborhood: 98003
Nearby schools
GreatSchools rating
- 2/10Rainier View Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Sequoyah Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Federal Way
- 98003
- 2516 S 367th Place
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