Listing provided courtesy of Person Real Estate Group LLCNWMLSas Distributed by MLSGrid- MLS# NWM2507748MLS Provider

3131 S 368th StreetFederal Way, WA 98003

Single Family · 4 Beds · 1 Full Bath · 1 Half Bath · 1 Three Quarter Bath · 2,110 Sq. ft. | 0.29 Acres
$625,000 Contingent

3131 S 368th Street Overview

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Welcome to this beautifully updated 4-bedroom, 2.5-bath home nestled on a spacious corner lot in a highly sought-after neighborhood. Surrounded by mature trees, this residence offers an inviting blend of indoor and outdoor living. Step inside to soaring vaulted ceilings and a cozy wood burning fireplace in the expansive living room, where large windows fill the space with natural light. The gourmet kitchen is a chef’s delight, featuring rich wood cabinetry with soft close drawers, granite countertops, stainless steel appliances, and a large island with seating that seamlessly connects to the dining area. Adjacent family room provides flexible space for relaxing or entertaining. Retreat to the primary suite with double closets, private ensuite, and direct access to the beautiful back deck. Three generously sized additional bedrooms can also be used for a home office, or hobbies. There is also a bonus/flex room. Enjoy laminate hardwood floors, designer fixtures, energy-efficient windows, and a newly insulated crawl space and attic. Outside, a huge backyard deck is perfect for gatherings, complemented by a fully fenced yard and oversized two-car detached garage/shop. Upgrades include AC, tankless water heater, and an enhanced electrical panel. Conveniently located near schools, shopping, restaurants, and easy freeway access. Don’t miss out on this exceptional opportunity to call this remarkable property your home!

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3131 S 368th Street Facts & Features

  • Type Single Family
  • Sq. ft. 2,110
  • Price/Sq.ft. $296
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Federal Way
  • Elementary School: Rainier View Elem
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Building Information

  • New Construction: No
  • Year Built: 1940

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 100 - Jovita/West Hill
  • Subdivision Name: 5 Mile Lake

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $6,439.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
  • Parcel Number: 3321049046
  • Property Condition: Very Good
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4
  • Bedrooms Lower: 0
  • Bedrooms Possible: 4
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2110
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2110
  • Square Footage Finished: 2110
  • Square Footage Unfinished: 0

General Information

  • Basement: None
  • Cooling: Yes
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Fireplace, High Tech Cabling, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Levels: One
  • Living Area: 2110
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Power Production Type: Natural Gas
  • Security Features: Fully Fenced

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Detached Garage, RV Parking
  • Parking Total: 4
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved
  • Lot Size Acres: 0.2879
  • Lot Size Square Feet: 12540
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, RV Parking
  • Topography: Level
  • Vegetation: Garden Space
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Direction Faces: East
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood
  • Sewer: Septic Tank

Room Information

Room: Bathroom Full

  • Level: Main

Room: Bathroom Half

  • Level: Main

Room: Bathroom Three Quarter

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Dining Room

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Extra Fin Room

  • Level: Main

Room: Family Room

  • Level: Main

Room: Kitchen Without Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main

Room: Utility Room

  • Level: Main

3131 S 368th Street Neighborhood

Community

98003 (Federal Way) Demographics

35
Median Age
4,212
Population Density (per sq. mile)
37%
College Educated
$59,560
Estimated Median Income
8,722
Estimated Total Home Owners
9,793
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3131 S 368th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3131 S 368th Street Market Data

Based on the last 30 days in this zip code

$505,390
Average List Price
$301
Average Price per Square Foot
39
Properties Sold
83
Average Days on Market
166
Properties for Sale
Calculations provided by Reliance Network

3131 S 368th Street History

Date Event Value Agent
6/25/2026Source: NWMLS Status Change
Contingent
6/10/2026Source: NWMLS Price Reduction
$625,000 -1.6%
5/14/2026Source: NWMLS Price Reduction
$635,000 -2.3%
4/30/2026Source: NWMLS Price Reduction
$650,000 -2.2%
4/16/2026Source: NWMLS Added to Database
April 16, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021