Google street view image for 541 SW 312th St, Federal Way, WA 98023

Listing provided courtesy of Berkshire Hathaway HS NW. Bought with North Pacific Properties.

Off market feb 2016 for $250K

$495,422

Est. refi paymentEst. refi $1,667/mo

•

1,560

sq ft

541 SW 312th St, Federal Way, WA 98023

About this home

RARE MIRROR LAKE WATERFRONT OPPORTUNITY!! Secluded craftsman fixer tucked away on Mirror Lake's North shore situated close to schools, shopping and everything Federal Way has to offer. Unobstructed view of the lake from all West-facing windows! Exit the daylight basement slider to the lake only feet away; Appx 50' of lake-front. Classic NW interior features include knotty pine tongue and groove paneling, massive stone hearth fireplace and pine flooring. Potential stunner needs TLC.

Single-familyProperty Type

1939Year Built

0.29 acresLot Size

$318Est. Price/Sq.Ft.

Listed by • Berkshire Hathaway HS NW

Bought with Tracy Rogers • North Pacific Properties

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #877445

Redfin Estimate

$495,422

$245K since sold in February 2016$7,000 since September

Recently sold homes
Estimate history

This home's estimate is 8.7% lower than the average sale price ($543K) of 6 comparable homes.

SOLD SEP 23, 2026
$640,000
A
4 beds3 baths1,720 sq ft
29853 8th Ave SW, Federal Way, WA 98023
Listing provided by nwmls
SOLD SEP 30, 2026
$520,000
B
3 beds1 bath1,310 sq ft
413 SW 305th St, Federal Way, WA 98023
Listing provided by nwmls
SOLD AUG 27, 2026
$490,000
C
3 beds2 baths1,560 sq ft
606 SW 302nd St, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUL 22, 2026
$535,000
D
4 beds2 baths1,540 sq ft
521 SW 317th Pl, Federal Way, WA 98023
Listing provided by nwmls
SOLD JUL 8, 2026
$541,000
E
3 beds1.5 baths1,320 sq ft
316 S 308th St, Federal Way, WA 98003
Listing provided by nwmls
SOLD SEP 4, 2026
$530,000
F
4 beds2 baths1,404 sq ft
30449 2nd Ave S, Federal Way, WA 98003
Listing provided by nwmls

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Sell

$306,055

Est. take-home

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Refinance

Est. cash available

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Rent

$2,908/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

EARLY ACCESS
$398,800
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1018 SW 312th St #531, Federal Way, WA 98023
NEW
$225,000
3 beds1.5 baths993 sq ft
32110 45th Pl SW Unit B-4, Federal Way, WA 98023
Stanley Yeadon • Better Properties Kitsap
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3D WALKTHROUGH
$850,000
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Carla Clark • KW Mountains to Sound Realty
$789,000
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Andrea George • John L. Scott R.E. Lake Tapps
3D WALKTHROUGH
$783,000
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SandraJean Daniels • Every Door Real Estate
COMING SOON
$860,000
4 beds2.5 baths3,000 sq ft
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Jonathan Byrd • Keller Williams Eastside
$875,000
5 beds3.5 baths3,160 sq ft
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Jay Won • WeLakeside
LISTED BY REDFIN
$495,000
3 beds1 bath1,040 sq ft
30628 2nd Ave SW, Federal Way, WA 98023
Redfin
$510,000
3 beds1.5 baths1,190 sq ft
763 SW 301st Pl, Federal Way, WA 98023
Majsan Champagne • Real Broker LLC
See all

Provided by Redfin

Sale history for 541 SW 312th St

Year

Property tax

Land + Additions

Assessment*

2026

$5,723 (+5.8%)

$204,000 + $353,000

$557,000

2025

$5,408 (+0.5%)

$204,000 + $353,000

$557,000

2024

$5,378 (+24.9%)

$204,000 + $336,000

$540,000

2023

$4,306 (+9.4%)

$184,000 + $305,000

$489,000

2022

$3,935 (−12.3%)

$168,000 + $265,000

$433,000

2021

$4,485 (+8.5%)

$134,000 + $209,000

$343,000

2020

$4,135 (+8.2%)

$140,000 + $230,000

$370,000

2019

$3,821 (−8.8%)

$112,000 + $218,000

$330,000

2018

$4,188 (+17.3%)

$112,000 + $218,000

$330,000

2017

$3,570 (+12.6%)

$102,000 + $191,000

$293,000

2016

$3,170 (+7.9%)

$93,000 + $156,000

$249,000

2015

$2,937 (+3.9%)

$89,000 + $122,000

$211,000

2014

$2,827 (+2.2%)

$89,000 + $111,000

$200,000

2013

$2,766 (+8.3%)

$92,000 + $82,000

$174,000

2012

$2,554 (−3.3%)

$92,000 + $74,000

$166,000

2011

$2,641 (−1.1%)

$123,000 + $77,000

$200,000

2010

$2,670 (−25.9%)

$123,000 + $86,000

$209,000

2009

$3,605

$157,000 + $170,000

$327,000

Tax history for 541 SW 312th St

Year

Property tax

Land + Additions

Assessment*

2026

$5,723 (+5.8%)

$204,000 + $353,000

$557,000

2025

$5,408 (+0.5%)

$204,000 + $353,000

$557,000

2024

$5,378 (+24.9%)

$204,000 + $336,000

$540,000

2023

$4,306 (+9.4%)

$184,000 + $305,000

$489,000

2022

$3,935 (−12.3%)

$168,000 + $265,000

$433,000

2021

$4,485 (+8.5%)

$134,000 + $209,000

$343,000

2020

$4,135 (+8.2%)

$140,000 + $230,000

$370,000

2019

$3,821 (−8.8%)

$112,000 + $218,000

$330,000

2018

$4,188 (+17.3%)

$112,000 + $218,000

$330,000

2017

$3,570 (+12.6%)

$102,000 + $191,000

$293,000

2016

$3,170 (+7.9%)

$93,000 + $156,000

$249,000

2015

$2,937 (+3.9%)

$89,000 + $122,000

$211,000

2014

$2,827 (+2.2%)

$89,000 + $111,000

$200,000

2013

$2,766 (+8.3%)

$92,000 + $82,000

$174,000

2012

$2,554 (−3.3%)

$92,000 + $74,000

$166,000

2011

$2,641 (−1.1%)

$123,000 + $77,000

$200,000

2010

$2,670 (−25.9%)

$123,000 + $86,000

$209,000

2009

$3,605

$157,000 + $170,000

$327,000

*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

0.29 Acres

Year renovated

—

Sq. Ft.

1,560

Year built

1939

Style

Single Family Residential

County

King County

APN

555920 0040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 5, 2026.

Property details

Parking

Parking Information
Parking Features: None

Interior

Bedroom Information
# of Bedrooms: 3
# of Bedrooms Main: 2
# of Beds Lower: 1
Bedrooms Possible: 3

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

Basement Information
Basement Features: Daylight

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning
# of Fireplaces Main: 1

Heating & Cooling
Has Heating
Has Cooling

Interior Features
Interior Features: Forced Air, Fir/Softwood, Loft, Vaulted Ceiling(s), Fireplace, Water Heater
Appliances: Dryer
Flooring: Softwood
Appliances Included: Dishwasher,Dryer,Garbage Disposal

Exterior

Building Information
Building Information: Built On Lot
Construction Methods: Standard Frame
Roof: Composition

Exterior Features
Exterior Features: Wood

Waterfront Information
On Waterfront
Waterfront Features: Lake
Waterfront Footage: 50

Property Information
Energy Source: Electric,Natural Gas,Propane
Sq. Ft. Finished: 1,560
Sq. Ft. Unfinished: 490
Style Code: 16 - 1 Story w/Bsmnt.
Property Type: Residential
Property Sub Type: Single Family Residence
Property Condition: Fixer
Has View

Land Information
Vegetation: Wooded

Lot Information
MLS Lot Size Source: Realist
Site Features: Cable TV,Deck,Dog Run,Fenced-Partially,Gas Available
Zoning Jurisdiction: City
Lot Features: Paved, Secluded, Value In Land
Lot Size Units: Square Feet
Lot Size Acres: 0.2893
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $2,938
Tax Year: 2015

Financial Information
Listing Terms: Cash Out, Conventional, Rehab Loan
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: Lake Haven Utility District
Power Company: PSE
Sewer: Sewer Connected
Sewer Company: Lake Haven Utility District
Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Propane
Water Heater Location: Basement
Water Heater Type: Nat Gas

Location

School Information
High School District: Federal Way

Location Information
Bus Line Nearby: true
Directions: From 21st Ave SW ot 1st Ave SW to SW 312th St, home is on the south side of the street
Topography: Sloped

Community Information
Senior Exemption: false

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,560
Stories: 1.0
Lot Size: 0.29 acres
Style: Single Family Residential
Year Built: 1939
Year Renovated: —
County: King County
APN: 555920 0040

Home facts updated by county records on Sep 5, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Wednesday, December 16, 2015

Green Information
Power Production Type: Electric, Natural Gas, Propane

Home Information
Living Area: 1,560
Living Area Units: Square Feet
Calculated Square Footage: 1560
MLS Square Footage Source: Realist
Building Area Total: 1560
Building Area Units: Square Feet
Foundation Details: Block, Poured Concrete, See Remarks
Year Built Effective: 1939
Effective Year Built Source: See Remarks
Structure Type: House
Levels: One
Entry Location: Main

Around this home

Schools

Lake Grove Elementary School

Public PreK-5 • Assigned • 0.2mi

2/10

Lakota Middle School

Public 6-8 • Assigned • 0.6mi

5/10

Federal Way Senior High School

Public 9-12 • Assigned • 1.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

6 days above 87° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 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

$471,000 – $570,000

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New listings for sale in 98023

EARLY ACCESSCOMPASS COMING SOON

$398,800

3 beds2 baths1,219 sq ft

1018 SW 312th St #531, Federal Way, WA 98023

NEW

$225,000

3 beds1.5 baths993 sq ft

32110 45th Pl SW Unit B-4, Federal Way, WA 98023