This home's estimate is 24.4% lower than the average sale price ($1.12M) of 6 comparable homes.
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116 SW 294th St, Federal Way, WA 98023
About this home
5BR plus bonus room in this huge split level. Perfect layout for multi-generational living, MIL, or house hack by living in one and renting the other. 3BR upstairs w/ 2ba. Primary upstairs has own ensuite. Downstairs has 2 more bedrooms, plus a bonus room and a bathroom, plus a full kitchen and huge living area. Updates include: new carpet, paint in and out, doors, primary bath upgraded. Fresh landscaping completed. Partial Puget Sound views. Sellers to offer $7,500 credit at closing for new appliances.

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Market trends in 98023, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- $575,0003 beds2 baths1,810 sq ft32434 49th Ave SW, Federal Way, WA 98023Faviola Johnson • KW Mountains to Sound Realty
- $229,0003 beds1.5 baths1,220 sq ft1721 SW 318th Pl Unit 48A, Federal Way, WA 98023Evann Grealish • Better Properties UP/Fircrest
- COMING SOON$875,0004 beds3 baths2,750 sq ft31357 43rd Pl SW, Federal Way, WA 98023Carly Peterson • Windermere Abode
- COMING SOON$525,0003 beds2 baths1,230 sq ft34915 23rd Ave SW, Federal Way, WA 98023Annie Dumont • Coldwell Banker Bain
- 3D WALKTHROUGH$1,249,0003 beds2 baths1,862 sq ft3136 SW 302nd Pl, Federal Way, WA 98023Allen Uyeno • John L. Scott, Inc.
- $574,9993 beds2 baths1,390 sq ft157 SW 313th St, Federal Way, WA 98023Norman Nguyen • John L. Scott, Inc
- 3D WALKTHROUGH$775,0006 beds3 baths2,630 sq ft32544 42nd Pl SW, Federal Way, WA 98023Kent Beahler • HomeSmart Real Estate Assoc
- $649,0004 beds2.5 baths2,160 sq ft825 SW 361 St, Federal Way, WA 98023Su Liew • Skyline Properties, Inc.
- 3D WALKTHROUGH$977,7004 beds2.5 baths2,697 sq ft31222 22nd Ave SW, Federal Way, WA 98023Serg Lobodzinskiy • Skyline Properties, Inc.
See all
Provided by Redfin
Sale history for 116 SW 294th St
$227/sq ft
$227/sq ft
$239/sq ft
$145/sq ft
$149/sq ft
$154/sq ft
$16/sq ft
$29/sq ft
$92/sq ft
$97/sq ft
Tax history for 116 SW 294th St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Covered Spaces: 2
- Parking Features: RV Parking, Attached Carport
- Has Carport
- Carport Spaces: 2
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 5
- # of Beds Upper: 3
- # of Beds Lower: 2
- Bedrooms Possible: 5
- Bathroom Information
- # of Full Baths (Total): 3
- # of Full Baths (Upper): 2
- # of Full Baths (Main): 1
- Room 1 Information
- Room Type: Bonus Room
- Room Level: Lower
- Room 2 Information
- Room Type: Family Room
- Room Level: Lower
- Room 3 Information
- Room Type: Great Room
- Room Level: Upper
- Room 4 Information
- Room Type: Kitchen With Eating Space
- Room Level: Upper
- Room 5 Information
- Room Type: Kitchen Without Eating Space
- Room Level: Lower
- Room 6 Information
- Room Type: Utility Room
- Room Level: Lower
- Room 7 Information
- Room Type: Primary Bedroom
- Room Level: Upper
- Room 8 Information
- Room Type: Bedroom
- Room Level: Upper
- Room 9 Information
- Room Type: Bedroom
- Room Level: Upper
- Room 10 Information
- Room Type: Bedroom
- Room Level: Lower
- Room 11 Information
- Room Type: Bedroom
- Room Level: Lower
- Room 12 Information
- Room Type: Bathroom Full
- Room Level: Upper
- Room 13 Information
- Room Type: Bathroom Full
- Room Level: Upper
- Room 14 Information
- Room Type: Bathroom Full
- Room Level: Main
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 2
- Fireplace Features: Wood Burning
- # of Fireplaces Upper: 1
- # of Fireplaces Lower: 1
- Interior Features
- Interior Features: Forced Air, Tankless Water Heater, Ceramic Tile, Wall to Wall Carpet, French Doors, Vaulted Ceiling(s), Fireplace
- Flooring: Ceramic Tile, Carpet
- Appliances Included: Dishwasher,Garbage Disposal,Microwave,StoveRange
Exterior
- Building Information
- Building Information: Built On Lot
- Roof: Torch Down
- Exterior Features
- Exterior Features: Wood Products
- Property Information
- Energy Source: Electric,Natural Gas,Wood
- Sq. Ft. Finished: 3,350
- Style Code: 14 - Split Entry
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Has View
- Land Information
- Vegetation: Brush, Fruit Trees, Garden Space
- Lot Information
- MLS Lot Size Source: Realist
- Site Features: Cabana/Gazebo,Cable TV,Gas Available,High Speed Internet,Patio,RV Parking
- Lot Features: Dead End Street, Paved, Secluded
- Lot Size Units: Square Feet
- Lot Size Acres: 0.5854
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $7,853
- Tax Year: 2022
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, VA Loan
- Buyer Financing: FHA
Utilities
- Utility Information
- Water Source: Public
- Water Company: Lakehaven
- Power Company: PSE
- Sewer: Sewer Connected
- Sewer Company: Lakehaven
- Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Wood
Location
- Multi-Unit Information
- Furnished: Unfurnished
- School Information
- Elementary School: Buyer To Verify
- Middle Or Junior High School: Buyer To Verify
- High School: Buyer To Verify
- High School District: Federal Way
- Location Information
- Directions: 1st Ave S Up From Redondo Boardwalk Or Down From Dash Pt West On 292nd,South On 2nd Sw, Sw 294th Is Private Road
- Topography: PartialSlope,Terraces
- Community Information
- Senior Exemption: false
Public facts
- Beds: 5
- Baths: 3.0
- Sq. Ft.: 3,350
- Stories: 1.0
- Parking Spaces: 6
- Basement: No
- Accessible: No
- Lot Size: 0.59 acres
- Style: Single Family Residential
- Year Built: 1962
- Year Renovated: 2022
- County: King County
- APN: 119600 1255
- HOA Dues: —
- Garage: No
- Features: Views
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Thursday, July 21, 2022
- Green Information
- Power Production Type: Electric, Natural Gas, Wood
- Home Information
- Living Area: 3,350
- Living Area Units: Square Feet
- Calculated Square Footage: 3350
- MLS Square Footage Source: Realist
- Building Area Total: 3350
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete, Slab
- Structure Type: House
- Levels: Multi/Split
Around this home
Schools
Public PreK-5 • Assigned • 1.2mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 1.2mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
10 unhealthy days expected this year, 11 days in 30 years
Sun exposure
In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98023
Home values near 116 SW 294th St
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 1790 Sq. Ft. | $790,994 |
4 Beds | 2.5 Baths | 3170 Sq. Ft. | $897,301 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 4.5 Baths | 3940 Sq. Ft. | $1,208,456 |
4 Beds | 3 Baths | 2720 Sq. Ft. | $924,789 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1500 Sq. Ft. | $623,686 |
2 Beds | 1.5 Baths | 1880 Sq. Ft. | $706,987 |
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