$490,000
Listed at $500,0003 bd•1 ba•1,000 sq ft
1281 S 315th, Federal Way, WA 98003
• Listed 2025-06-23
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Based on information submitted to the MLS GRID as of August 31, 2025 at 04:05am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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One level living on a BIG fully fenced lot between Mirror Lake and downtown Federal Way. This adorable Bungalow has a light and bright feel with big windows and skylights. Open kitchen and dining make the space feel welcoming and warm. Huge patio overlooks the backyard with fruit trees and roses. Enjoy plenty of space to garden and play. Originally built in 1955, this house had a great remodel done in 2005 which makes it feel current and usable. Big garage plus driveway and side parking; enough space for RVs and toys. Just one mile to the Federal Way Transit Center with Light Rail opening in 2026; enjoy upside from the revitalization of Town Center 3.
Listed by Javila Creer • Windermere Real Estate Midtown
Listing updated: August 31, 2025 at 04:05am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2396528
Open houses
No upcoming open houses scheduled for this property.
$490,000
+in line with the list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $419K and $610K.
Rental earnings
$1,475/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$490,000Last sold price
1281 S 315th, Federal Way, WA 98003
$525,000Last sold price
1220 S 313th Street, Federal Way, WA 98003
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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Federal Way is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$899,950 Sold
1 week ago
5 bd•2.5 ba•~2,810 sq ft•Single Family
30327 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
$95,000 Sold
3 weeks ago
2 bd•1 ba•Single Family
2101 S 324th Street #98, Federal Way, WA 98003
5%
Under list
—
Days on market
1.0 mi
Distance
$946,090 Sold
2 months ago
4 bd•2.5 ba•~3,086 sq ft•Single Family
30220 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
$949,422 Sold
3 months ago
5 bd•2 ba•~2,983 sq ft•Single Family
30218 11th Place S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
$590,000 Sold
5 months ago
4 bd•2.5 ba•~1,540 sq ft•Single Family
30221 5th Avenue S, Federal Way, WA 98003
0%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
