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3131 S 368th StreetFederal Way, WA 98003

For Sale

$625,000

Smart Buyer Rebate $6,250

Don’t miss this beautifully updated 4-bedroom, 2.5-bath home on a spacious corner lot in a sought-after neighborhood. Framed by mature trees, this inviting property blends comfort, style, and everyday convenience. Step inside to soaring vaulted ceilings, abundant natural light, and a cozy wood-burning fireplace that makes the living room feel instantly welcoming. The impressive kitchen is designed for both daily living and entertaining, with rich wood cabinetry, soft-close drawers, granite countertops, stainless steel appliances, and a large island with seating that flows into the dining area. A separate family room adds even more flexible space to gather, relax, or host. The primary suite offers double closets, a private ensuite, and direct access to the expansive back deck—perfect for morning coffee or evening unwinding. Three additional bedrooms plus a bonus/flex room provide room for guests, work, hobbies, or play. Thoughtful updates include laminate hardwood floors, designer fixtures, energy-efficient windows, AC, a tankless water heater, enhanced electrical panel, and newly insulated crawl space and attic. Outside, enjoy a fully fenced yard, generous deck, and oversized two-car detached garage/shop with excellent storage and project space. Commuters will love quick access to I-5, Hwy 18, and Hwy 167, with schools, shopping, restaurants, and amenities nearby. Move-in ready and full of value, this home is one you’ll want to see in person.

Listed by Lisa Williams

·

Person Real Estate Group LLC

Last updated July 31, 2026

·

Source: NWMLS #2562271

Listing Facts

  • TypeSingle-family
  • NeighborhoodLakeland South
  • Bedrooms4
  • Bathrooms3
  • Days on PrevuNew Today
  • Taxes$6,439/year
  • Size2,110 sqft
  • Price per sqft$296

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

07/31/2026
Listed by Person Real Estate Group LLC
$625,000

Property Details for 3131 S 368th Street

Exterior

Construction

  • Property Condition: Very Good
  • Roof: Composition
  • Structure Type: House
  • Year Built: 1940
  • Construction Materials: Wood
  • Entry Location: Main
  • Exterior Features: Wood

Features

  • Direction Faces: East
  • View: Territorial

Measurements

  • Building Area Total: 2,110
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot, Paved
  • Lot Size Acres: 0.28
  • Lot Size Square Feet: 12,540
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 3321049046
  • Tax Annual Amount: $6,439.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Laminate, Carpet
  • Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Fireplace, High Tech Cabling, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater

Measurements

  • Living Area: 2,110

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4

Other

Location

  • Subdivision Name: 5 Mile Lake

Parking

Parking

  • Covered Spaces: 2
  • Garage: Yes
  • Parking Features: Detached Garage, RV Parking
  • Parking Total: 6

Schools

Elementary School

  • Elementary School: Rainier View Elem

High School

  • High School: Buyer To Verify
  • High School District: Federal Way

Middle or Junior School

  • Middle Or Junior School: Buyer To Verify

Utilities

Equipment

  • Has Cooling: Yes
  • Has Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 4 bedrooms and 3 bathrooms in this single-family home at 3131 S 368th Street.

What schools are nearby to 3131 S 368th Street?

Nearby schools include the Rainier View Elem Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School.

Does this single-family home have parking?

Yes, there are 6 parking spaces available for 3131 S 368th Street.

What are the annual taxes for 3131 S 368th Street?

Annual taxes for this single-family home are estimated at $6,439.

How does 3131 S 368th Street compare to other single-family homes in Lakeland South?

This single-family home is listed 16% below the average price for single-family homes in Lakeland South and has been on the market for 46 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 2,110 sqft.

3131 S 368th Street is a 4-bedroom, 3-bath single-family home for sale in Federal Way WA 98003. On Prevu for 0 days at $625,000. This residence features 2,110 square feet of living space, located in Lakeland South. The median listing price for single-family homes in this area is $704,994. Nearby schools include Rainier View Elem Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School. Property amenities include dishwasher, pets allowed, air conditioning, parking, and washer/dryer. View other single-family home listings in King County.

Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.