Google street view image for 5340 SW 315th St, Federal Way, WA 98023

Off market mar 1984 for $90K

$797,429

Est. refi paymentEst. refi $680/mo

•

2 ba

•

1,940

sq ft

5340 SW 315th St, Federal Way, WA 98023

About this home

5340 SW 315th St is a 1,940 square foot house on a 0.7 acre lot with 3 bedrooms and 2 bathrooms. - it last sold on March 19, 1984 for $90,000. Based on Redfin's Federal Way data, we estimate the home's value is $797,429.

Single-familyProperty Type

1936Year Built

0.7 acresLot Size

$411Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$797,429

$707K since sold in March 1984$8,000 since October

Recently sold homes
Estimate history

This home's estimate is 27.8% higher than the average sale price ($624K) of 4 comparable homes.

SOLD SEP 25, 2026
$697,691
A
2 beds2 baths1,666 sq ft
6829 Munter Ln NE, Tacoma, WA 98422
Listing provided by nwmls
SOLD JUN 24, 2026
$660,000
B
3 beds2.5 baths2,210 sq ft
31521 42nd Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD AUG 17, 2026
$550,000
C
3 beds2 baths2,300 sq ft
6502 21st Ave NE, Tacoma, WA 98422
Listing provided by nwmls
SOLD AUG 26, 2026
$588,000
D
3 beds2 baths1,620 sq ft
31756 42nd Ave SW, Federal Way, WA 98023
Listing provided by nwmls

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Earn from this home

Sell

$739,499

Est. take-home

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Est. cash available

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Rent

$3,396/mo

Redfin rental estimate

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Market trends in 98023, WA

Last updated October 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

NEW
$520,000
3 beds3 baths1,507 sq ft
30637 1st Pl SW, Federal Way, WA 98023
Tanya Franzen-Garrett • Marketplace Sotheby's Intl Rty
VIDEO TOUR
$625,000
3 beds3 baths1,820 sq ft
4232 SW 328th Ct, Federal Way, WA 98023
Irina Stoyan • Skyline Properties, Inc.
OPEN TODAY, 1PM TO 3PM
$274,995
3 beds1.5 baths1,017 sq ft
4601 SW 320th St, Federal Way, WA 98023
Justin Cambra • eXp Realty
$860,000
4 beds2.5 baths3,000 sq ft
35402 7th Ave SW, Federal Way, WA 98023
Jonathan Byrd • Keller Williams Eastside
OPEN TODAY, 12PM TO 4PM
$675,000
3 beds2.5 baths2,010 sq ft
4123 SW 322nd St, Federal Way, WA 98023
Mary King • Berkshire Hathaway HS NW
$498,500
3 beds2 baths940 sq ft
33215 36th Ave SW, Federal Way, WA 98023
Jan Lewis • Windermere Real Estate/East
OPEN TODAY, 4PM TO 6PM
$789,360
2 beds2 baths1,420 sq ft
31204 8th Ave SW, Federal Way, WA 98023
Hao Sun • John L. Scott, Inc.
FOR SALE BY OWNER
$649,000
4 beds2 baths1,760 sq ft
35803 18th Ave SW, Federal Way, WA 98023
OPEN TODAY, 1PM TO 3PM
$648,000
4 beds2.5 baths2,383 sq ft
34113 13th Pl SW, Federal Way, WA 98023
Agnes Chan Low • Prime Metropolis Properties
$600,000
4 beds2.5 baths2,220 sq ft
2232 SW 307th St, Federal Way, WA 98023
Teddy Atterbury • Windermere Real Estate/HLC
See all

Provided by Redfin

Sale history for 5340 SW 315th St

Year

Property tax

Land + Additions

Assessment*

2026

$8,062 (+5.1%)

$468,000 + $337,000

$805,000

2025

$7,668 (−0.5%)

$468,000 + $337,000

$805,000

2024

$7,707 (+3.3%)

$359,000 + $425,000

$784,000

2023

$7,465 (+7.0%)

$325,000 + $384,000

$709,000

2022

$6,975 (+15.4%)

$331,000 + $434,000

$765,000

2021

$6,042 (+4.5%)

$301,000 + $319,000

$620,000

2020

$5,780 (+5.4%)

$277,000 + $226,000

$503,000

2019

$5,485 (−11.3%)

$251,000 + $227,000

$478,000

2018

$6,182 (+11.4%)

$251,000 + $227,000

$478,000

2017

$5,548 (+1.7%)

$235,000 + $201,000

$436,000

2016

$5,454 (+9.5%)

$235,000 + $156,000

$391,000

2015

$4,982 (−0.7%)

$218,000 + $150,000

$368,000

2014

$5,016 (+2.1%)

$203,000 + $141,000

$344,000

2013

$4,913 (+10.8%)

$194,000 + $119,000

$313,000

2012

$4,434 (−10.0%)

$205,000 + $94,000

$299,000

2011

$4,927 (+3.3%)

$267,000 + $112,000

$379,000

2010

$4,770 (−5.3%)

$267,000 + $112,000

$379,000

2009

$5,036

$267,000 + $193,000

$460,000

Tax history for 5340 SW 315th St

Year

Property tax

Land + Additions

Assessment*

2026

$8,062 (+5.1%)

$468,000 + $337,000

$805,000

2025

$7,668 (−0.5%)

$468,000 + $337,000

$805,000

2024

$7,707 (+3.3%)

$359,000 + $425,000

$784,000

2023

$7,465 (+7.0%)

$325,000 + $384,000

$709,000

2022

$6,975 (+15.4%)

$331,000 + $434,000

$765,000

2021

$6,042 (+4.5%)

$301,000 + $319,000

$620,000

2020

$5,780 (+5.4%)

$277,000 + $226,000

$503,000

2019

$5,485 (−11.3%)

$251,000 + $227,000

$478,000

2018

$6,182 (+11.4%)

$251,000 + $227,000

$478,000

2017

$5,548 (+1.7%)

$235,000 + $201,000

$436,000

2016

$5,454 (+9.5%)

$235,000 + $156,000

$391,000

2015

$4,982 (−0.7%)

$218,000 + $150,000

$368,000

2014

$5,016 (+2.1%)

$203,000 + $141,000

$344,000

2013

$4,913 (+10.8%)

$194,000 + $119,000

$313,000

2012

$4,434 (−10.0%)

$205,000 + $94,000

$299,000

2011

$4,927 (+3.3%)

$267,000 + $112,000

$379,000

2010

$4,770 (−5.3%)

$267,000 + $112,000

$379,000

2009

$5,036

$267,000 + $193,000

$460,000

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

Property details

Interior

Bathroom Information
# of Full Baths: 2

Heating & Cooling
Heating Fuel Type: Electric
Heating Type: Forced Air

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Building Construction Quality: Average
Building Type: Single Family

Property Information
Subdivision Name: HEALY PALISADES ADD
Living Sq. Ft: 1,940
Ground Floor Sq. Ft: 1,580
Building Sq. Ft: 2,510
# of Stories: 2
Legal Description: HEALY PALISADES ADD LOT 1 OF KCSP NO 483023 REC NO 8308110937 SD SP DAF PORS LOTS 5-6-7-8 BLK 1 BEG SE COR OF LOT 8 TH N 8-35-30 W ALG E LN SD LOT 8 371.79 FT TH S 89-05-35 W 5.04 FT TAP ON LN 5 FT WLY OF & PLT ELY LN SD LOT 8 & TPOB TH CONT S 89-05-35 W 158.60 FT TAP ON WLY LN OF LOT 6 TH S 5-54-30 E ALG SD WLY LN 36.23 FT TH S 85-07-44 W 4.57 FT TH S 4-52-16 E 280.38 FT TO NLY MGN SW 315TH ST TH S 75-54-51 E ALG SD NLY MGN 196.85 FT TAP FR WCH TPOB BEARS N 8-35-30 W TH N 8-35-30 W 370.38 FT ALG LN 5 FT WLY OF & PLT ELY LN OF SD LOT 8 TO TPOB PLAT BLOCK: 1 PLAT LOT: 5 THRU 8

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 570
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 30,690
Legal Lot Number: 1
Legal Block Number: 1
School Tax District: FEDERAL WAY #210
Municipality Name: FEDERAL WAY
Acres: 0.7045
Zoning Code: RS15.0
County Use Description: SINGLE FAMILY(RES USE/ZONE)

Location Information
Parcel Location Influence: Mountain

Utility Information
Sewer Type: Private
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,940
Stories: 2.0
Lot Size: 0.7 acres
Style: Single Family Residential
Year Built: 1936
Year Renovated: 1995
County: King County
APN: 321020 0045

Home facts updated by county records on Sep 4, 2026

Around this home

Schools

Twin Lakes Elementary School

Public PreK-5 • Assigned • 0.7mi

8/10

Lakota Middle School

Public 6-8 • Assigned • 2.2mi

5/10

Decatur High School

Public 9-12 • Assigned • 1.6mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Federal Way buyers should compare lot sizes, views, and shopping access in Twin Lakes, Marine Hills, and Dash Point. Sellers should highlight their home’s strengths and price against nearby comparable sales. Explore Dash Point State Park and Dumas...
2 weeks ago • Federal Way
Shauna Rumel
Redfin agent
Was this helpful?
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!
2 weeks ago • Federal Way
Andrew Maglalang-Weakley
Redfin Premier agent • Listing Agent
469 deals
Was this helpful?

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

$758,000 – $918,000

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Home values near 5340 SW 315th St

Data from public records.

Address	Redfin Estimate
5432 Southwest 315th St, Federal Way, WA 2 Beds \| 1 Baths \| 1020 Sq. Ft.	$876,716
5414 Southwest 315th St, Federal Way, WA 4 Beds \| 3 Baths \| 3680 Sq. Ft.	$1,004,205

Address	Redfin Estimate
5422 Southwest 315th St, Federal Way, WA 2 Beds \| 2 Baths \| 850 Sq. Ft.	$725,467
5330 Southwest 315th St, Federal Way, WA 4 Beds \| 3.5 Baths \| 3510 Sq. Ft.	$1,408,638

Address	Redfin Estimate
5426 Southwest 315th St, Federal Way, WA 3 Beds \| 1.5 Baths \| 1100 Sq. Ft.	$1,281,219
5320 Southwest 315th St, Federal Way, WA 3 Beds \| 3 Baths \| 2760 Sq. Ft.	$1,198,830

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About this home

Redfin Estimate

Earn from this home

Market trends in 98023, WA

Sale history for 5340 SW 315th St

Tax history for 5340 SW 315th St

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98023

Home values near 5340 SW 315th St

More real estate resources