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← Back to search results/Federal Way, WA/36508 SW 3rd Place #2
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Listed by Kyle Summers • James & Associates R.E. Inc..
FOR SALE

$1,219,990

Est. $6,612/mo

Price increased $20,000 from the original $1,199,990 asking price

4 bd•3.25 ba•3,292 sq ft

36508 SW 3rd Place #2, Federal Way, WA 98023

• Listed Mar 5, 2026•412 days active · 412 cumulative

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★★★★★5.0·1,215 Google reviews

Listing Broker: James & Associates R.E. Inc.; Kyle Summers; 206-940-6861; summers.kyle@gmail.com

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Listing Broker: James & Associates R.E. Inc.; Kyle Summers; 206-940-6861; summers.kyle@gmail.com

About this home

Single-Story Living! Brand new, contemporary energy-efficient home by award winning builder Ichijo USA! 3292 sqft, 4 beds plus den, 3.25 baths, Sunny, Spacious Balcony with Territorial Views! 20,000 sq ft estate-sized home site! The main floor features a luxurious primary suite with a five-piece bathroom! Also on the main floor you will find an open, bright living area with vaulted ceilings, modern kitchen, dining space, guest bathroom and den! Lower level: 3 beds, living room, including an ensuite for your ample comfort and convenience. Move-in ready by Fall! Only minutes away from I-5, grocery stores, dining, and schools! Ichijo USA is currently offering a 35,000 buyer credit for upgrades or closing costs when using a preferred lender! If represented by a broker, broker must accompany & register at 1st visit. See Site Registration Policy 4772.

Property type
Single Family
Year built
2026
Interior
3,292 sq ft
Lot size
0.4786 acres
Parking
2-car garage
Price / sq ft
$371
HeatingHeat Pump, High Efficiency (Unspecified)
CoolingForced Air, High Efficiency (Unspecified)
Property taxes$12,139/yr (est.)
HOA dues$108/mo
School districtFederal Way

Listed by Kyle Summers • James & Associates R.E. Inc.

Listing updated: November 2, 2026 at 04:57pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2486065

Around this home

RexMont OfferEdge™

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36508 SW 3rd Place #2, Federal Way, WA 98023

List price
$1,219,990
Down payment
$243,998

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Interior features

  • Fireplace
  • Pantry
  • Sprinkler System
  • Walk-In Closet(s)
  • Water Heater
  • Fireplace (electric)

Kitchen

  • Dishwasher
  • Disposal
  • Microwave
  • Stove(s)/Range(s)

Bedrooms

  • 4 bedrooms total
  • 1 on the main level
  • 3 on the lower level

Bathrooms

  • 2 full bathrooms
  • 1 three-quarter bathroom (shower, no tub)
  • 1 half bathroom
  • 3.25 bathrooms total (NWMLS count)
  • 2 on the main level

Layout

  • 2 Story
  • 3,292 sq ft finished

Flooring

  • Vinyl Plank

Heating & cooling

  • Heat Pump heating
  • High Efficiency (Unspecified) heating
  • Forced Air cooling
  • High Efficiency (Unspecified) cooling

Schools

Ratings via SchoolDigger

Federal Way School District

  • Buyer To Verify
    Public · Grades Elementary
    —
  • Buyer To Verify
    Public · Grades Middle
    —
  • Buyer To Verify
    Public · Grades High
    —

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Lot dimensions
18,180 Sq Ft
Topography
Partial Slope
Lot number
2
Zoning jurisdiction
City
Faces
South
Bus route
500

Systems

Energy source
Electric
Power production
Electric
Water heater
Hybrid Electric Heat Pump
Water heater location
Garage
Irrigation water rights
No

Rooms & extras

Bathtubs
2
Showers
2
Fireplaces on main
1

New construction

New construction state
Under Construction
Estimated completion
Jan 31, 2026
Builder
Ichijo USA
Square footage source
Builder Plans
Lot size source
Builder Plans
Effective year built source
Public Records

Manufactured home

Land lease
No

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

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Sales & Tax Records for 36508 SW 3rd Place #2

NWMLS via MLS Grid · King County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Oct 17, 2026
    Price raised
    NWMLS via MLS Grid · #2486065
    $1,219,990
    $371/sq ft
  2. Mar 5, 2026
    Listed
    NWMLS via MLS Grid · #2486065
    $1,199,990
    $365/sq ft
  3. Jun 28, 2023
    Recorded sale
    King County recorder · Statutory warranty deed
    $3,075,000
    $934/sq ft

Mortgage payment forecast

$8,037 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: James & Associates R.E. Inc.; Kyle Summers; 206-940-6861; summers.kyle@gmail.com

Market pulse

Federal Way is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 78 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $12,500 Sold

    2 weeks ago

    •Single Family

    3 SW 372nd Street, Federal Way, WA 98023

    0%

    Over list

    —

    Days on market

    0.5 mi

    Distance

  • $569,000 Sold

    2 months ago

    4 bd•2.5 ba•~1,780 sq ft•Single Family

    35623 9th Avenue SW, Federal Way, WA 98023

    0%

    Over list

    16

    Days on market

    0.6 mi

    Distance

  • $960,000 Sold

    2 months ago

    5 bd•2.75 ba•~3,460 sq ft•Single Family

    35826 9th Avenue SW, Federal Way, WA 98023

    1%

    Over list

    55

    Days on market

    0.5 mi

    Distance

  • $1,225,000 Sold

    2 months ago

    5 bd•3.25 ba•~3,350 sq ft•Single Family

    505 SW 366th Street, Federal Way, WA 98023

    4%

    Under list

    74

    Days on market

    0.1 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Nov 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of November 6, 2026 at 4:04 PM PT (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.

Some IDX listings have been excluded from this website.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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