OFF MARKET

Listed by Elicia Thoday • eXp Realty. Bought with Skyline Properties, Inc.

Off market mar 2021 for $385K

$472,707

Est. refi paymentEst. refi $2,980/mo

•

1,040

sq ft

2421 SW 331st St, Federal Way, WA 98023

About this home

Check out this 3 bedroom home in the heart of Federal Way that is conveniently located near shopping, freeways and bus lines. This is a great starter home or an easy cash flow investment property. This home offers a newer washer/dryer, water heater, kitchen stove, ceiling fans, electrical panel and RV parking. You will love entertaining in the large yard with tons of potential for any of your outdoor activities. Welcome Home!

Single-familyProperty Type

1962Year Built

8,174 sq ftLot Size

$455Est. Price/Sq.Ft.

Listed by Elicia Thoday • eXp Realty

Bought with Luis Zambrano • Skyline Properties, Inc.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1717791

Redfin Estimate

$472,707

$88K since sold in March 2021$2,000 since September

Recently sold homes
Estimate history

This home's estimate is 8.5% lower than the average sale price ($516K) of 6 comparable homes.

SOLD MAY 22, 2026
$444,950
A
3 beds1.5 baths880 sq ft
2717 SW 328th St, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUL 20, 2026
$449,000
B
3 beds1 bath970 sq ft
2619 SW 332nd Pl, Federal Way, WA 98023
Listing provided by nwmls
SOLD APR 2, 2026
$550,000
C
3 beds2 baths1,300 sq ft
2509 SW 325th Pl, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUN 1, 2026
$619,950
D
3 beds2 baths1,250 sq ft
32720 30th Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD SEP 30, 2026
$550,000
E
3 beds2 baths1,410 sq ft
2662 SW 332nd St, Federal Way, WA 98023
Listing provided by nwmls
SOLD MAY 6, 2026
$485,000
F
3 beds1 bath1,208 sq ft
33004 29th Ave SW, Federal Way, WA 98023
Listing provided by nwmls

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Sell

$163,962

Est. take-home

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Refinance

Est. cash available

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Rent

$2,535/mo

Redfin rental estimate

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Market trends in 98023, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$625K

$4K MoM

Avg. days on market

24d

6 days MoM

Recently sold homes

130

4 MoM

New listings for sale

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Chanel Drago • COMPASS
NEW
$575,000
3 beds2.5 baths1,520 sq ft
35920 18th Ct SW, Federal Way, WA 98023
Shafiq Daqeeq • Berkshire Hathaway HS NW
NEW
$950,000
4 beds2.5 baths2,660 sq ft
31222 22nd Ave SW, Federal Way, WA 98023
Serg Lobodzinskiy • Skyline Properties, Inc.
NEW
$309,950
1 bed1 bath674 sq ft
33020 10th Ave SW Unit W104, Federal Way, WA 98023
Stu Collins • John L. Scott, Inc.
NEW
$699,950
6 beds3.5 baths3,420 sq ft
1421 SW 304th St, Federal Way, WA 98023
Brittany Haun • COMPASS
3D WALKTHROUGH
$675,000
4 beds2.5 baths2,190 sq ft
811 SW 328th Ct, Federal Way, WA 98023
Rhonda Bleck • HomeSmart Real Estate Assoc
COMING SOON
$689,000
3 beds2.5 baths1,900 sq ft
2723 SW 349th Pl, Federal Way, WA 98023
Christopher Floyd • Morrison House Sotheby's Intl
COMING SOON
$725,000
4 beds2.5 baths2,114 sq ft
181 SW 311th Pl, Federal Way, WA 98023
Michelle Le • Real Broker LLC
OPEN SUN, 1PM TO 3PM
$744,900
4 beds2.5 baths2,650 sq ft
709 SW 323rd St, Federal Way, WA 98023
Heather Heinzen • Coldwell Banker Danforth
$639,950
4 beds3 baths1,970 sq ft
2841 SW 342nd St, Federal Way, WA 98023
Bryce Ancheta • BHGRE - Northwest Home Team
See all

Provided by Redfin

Redfin agents who toured

Large back yard.
6 years ago• May not reflect the current state of the home
Dacia Rollins
Redfin Associate agent

Sale history for 2421 SW 331st St

Date

Event

Price

Mar 11, 2021

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #1717791

$385,000

$370/sq ft

Jan 18, 2021

Pending

NWMLS as Distributed by MLS Grid #1717791

—

Jan 15, 2021

Listed (Active)

NWMLS as Distributed by MLS Grid #1717791

$340,000

$327/sq ft

Oct 20, 2016

Sold

Public Records

$224,000

$215/sq ft

Oct 21, 2016

Delisted

NWMLS as Distributed by MLS Grid #1026689

—

Oct 20, 2016

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #1026689

$224,000

$215/sq ft

Sep 20, 2016

Pending

NWMLS as Distributed by MLS Grid #1026689

—

Sep 16, 2016

Listed (Active)

NWMLS as Distributed by MLS Grid #1026689

$214,900

$207/sq ft

Apr 20, 2005

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #25040557

$189,950

$183/sq ft

Mar 30, 2005

Delisted

NWMLS as Distributed by MLS Grid #25040557

—

Mar 25, 2005

Listed

NWMLS as Distributed by MLS Grid #25040557

$186,950

$180/sq ft

Mar 30, 1992

Sold

Public Records

$92,000

$88/sq ft

Mar 9, 1990

Sold

Public Records

$83,500

$80/sq ft

Sep 21, 1979

Sold

Public Records

$44,000

$42/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$4,111 (+5.9%)

$146,000 + $247,000

$393,000

2025

$3,882 (+0.7%)

$146,000 + $247,000

$393,000

2024

$3,854 (+2.7%)

$146,000 + $235,000

$381,000

2023

$3,754 (+8.1%)

$132,000 + $213,000

$345,000

2022

$3,474 (+22.5%)

$120,000 + $255,000

$375,000

2021

$2,836 (+5.9%)

$96,000 + $205,000

$301,000

2020

$2,678 (+7.9%)

$78,000 + $151,000

$229,000

2019

$2,483 (−7.0%)

$62,000 + $149,000

$211,000

2018

$2,669 (+9.9%)

$62,000 + $149,000

$211,000

2017

$2,428 (+3.1%)

$57,000 + $127,000

$184,000

2016

$2,355 (+7.8%)

$52,000 + $115,000

$167,000

2015

$2,185 (−2.6%)

$50,000 + $105,000

$155,000

2014

$2,244 (+4.2%)

$50,000 + $97,000

$147,000

2013

$2,153 (−2.7%)

$57,000 + $80,000

$137,000

2012

$2,213 (−3.6%)

$57,000 + $71,000

$128,000

2011

$2,296 (−0.7%)

$77,000 + $96,000

$173,000

2010

$2,311 (+1.3%)

$77,000 + $103,000

$180,000

2009

$2,282

$71,000 + $133,000

$204,000

Tax history for 2421 SW 331st St

Year

Property tax

Land + Additions

Assessment*

2026

$4,111 (+5.9%)

$146,000 + $247,000

$393,000

2025

$3,882 (+0.7%)

$146,000 + $247,000

$393,000

2024

$3,854 (+2.7%)

$146,000 + $235,000

$381,000

2023

$3,754 (+8.1%)

$132,000 + $213,000

$345,000

2022

$3,474 (+22.5%)

$120,000 + $255,000

$375,000

2021

$2,836 (+5.9%)

$96,000 + $205,000

$301,000

2020

$2,678 (+7.9%)

$78,000 + $151,000

$229,000

2019

$2,483 (−7.0%)

$62,000 + $149,000

$211,000

2018

$2,669 (+9.9%)

$62,000 + $149,000

$211,000

2017

$2,428 (+3.1%)

$57,000 + $127,000

$184,000

2016

$2,355 (+7.8%)

$52,000 + $115,000

$167,000

2015

$2,185 (−2.6%)

$50,000 + $105,000

$155,000

2014

$2,244 (+4.2%)

$50,000 + $97,000

$147,000

2013

$2,153 (−2.7%)

$57,000 + $80,000

$137,000

2012

$2,213 (−3.6%)

$57,000 + $71,000

$128,000

2011

$2,296 (−0.7%)

$77,000 + $96,000

$173,000

2010

$2,311 (+1.3%)

$77,000 + $103,000

$180,000

2009

$2,282

$71,000 + $133,000

$204,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

8,174 Sq. Ft.

Year renovated

—

Sq. Ft.

1,040

Year built

1962

Style

Single Family Residential

County

King County

APN

894500 0400

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 4, 2026.

Property details

Parking

Parking Information
Parking Features: RV Parking, Driveway, None, Off Street

Interior

Bedroom Information
# of Bedrooms: 3
# of Bedrooms Main: 3
Bedrooms Possible: 3

Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1

Room 1 Information
Room Type: Entry Hall
Room Level: Main

Room 2 Information
Room Type: Living Room
Room Level: Main

Room 3 Information
Room Type: Bedroom
Room Level: Main

Room 4 Information
Room Type: Primary Bedroom
Room Level: Main

Room 5 Information
Room Type: Bedroom
Room Level: Main

Room 6 Information
Room Type: Bathroom Full
Room Level: Main

Room 7 Information
Room Type: Dining Room
Room Level: Main

Room 8 Information
Room Type: Kitchen Without Eating Space
Room Level: Main

Basement Information
Basement Features: None

Fireplace Information
Has Fireplace
# of Fireplaces: 1
# of Fireplaces Main: 1

Interior Features
Interior Features: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Ceiling Fan(s), Security System, Fireplace, Water Heater
Appliances: Dryer, Washer
Flooring: Ceramic Tile, Hardwood, Carpet
Appliances Included: Dishwasher,Dryer,Range/Oven,Refrigerator,Washer

Exterior

Building Information
Building Information: Built On Lot
Roof: Torch Down

Exterior Features
Exterior Features: Wood, Wood Products

Property Information
Energy Source: Electric,Natural Gas
Sq. Ft. Finished: 1,040
Style Code: 10 - 1 Story
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Good

Land Information
Vegetation: Garden Space

Lot Information
MLS Lot Size Source: Public
Site Features: Cable TV,Fenced-Partially,Gas Available,Outbuildings,Patio,RV Parking
Zoning Jurisdiction: City
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.1876
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $2,678
Tax Year: 2020

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, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Water Heater Location: Hall Closet
Water Heater Type: Gas

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: From 21st Ave SW to SW 330th St. West on SW 330th St. Right on SW 331st St. Home is on right
Topography: Level

Community Information
Senior Exemption: false

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,040
Stories: 1.0
Lot Size: 8,174 square feet
Style: Single Family Residential
Year Built: 1962
Year Renovated: —
County: King County
APN: 894500 0400

Home facts updated by county records on Sep 4, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
Offers Review Date: Monday, January 18, 2021
On Market Date: Friday, January 15, 2021

Green Information
Power Production Type: Electric, Natural Gas

Home Information
Living Area: 1,040
Living Area Units: Square Feet
Calculated Square Footage: 1040
MLS Square Footage Source: Public
Building Area Total: 1040
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Building Name: Village Park Div A
Structure Type: House
Levels: One
Entry Location: Main

Around this home

Schools

Olympic View Elementary School

Public K-7 • Assigned • 0.3mi

4/10

Technology Access Foundation Academy at Saghalie

Public 6-12 • Assigned • 0.7mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Situated right along the Puget Sound, Federal Way is best known for its blend of natural beauty, fun attractions, and rich local culture! Locals love it for its vibrant dining scene and convenient location right between Seattle and Tacoma!
1 day ago • Federal Way
Andrew Maglalang-Weakley
Redfin Premier agent • Listing Agent
468 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

8 unhealthy days expected this year, 9 days in 30 years

Provided by First Street

Historical weather

Federal Way, WA • 98023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$450,000 – $544,000

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