$299,950
Est. $1,661/moPrice reduced $22,050 from the original $322,000 asking price
2 bd•1.5 ba•1,088 sq ft
1040 S 320th Street #5, Federal Way, WA 98003
• Listed May 13, 2026•159 days active · 159 cumulative
Listing Broker: NextHome South Sound; Dan Benz; 206-261-7653; dan@nexthomesouthsound.com
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Listing Broker: NextHome South Sound; Dan Benz; 206-261-7653; dan@nexthomesouthsound.com
About this home
Welcome home to the gated Trinidad South community in the heart of Federal Way - where comfort, convenience, and location truly come together! This townhome-style condo lives more like a single-family home with a bright, open-concept main floor, spacious great room, and cozy gas fireplace, making it perfect for everyday living and entertaining. Major updates are already done for you: newer deck, windows, slider, and washer & dryer (all just 2 years old). The primary bathroom has been beautifully remodeled, and all appliances stay - this home is totally move-in ready! Step outside to relax on your private deck or enjoy being just minutes from literally everything. You’re close to all kinds of shopping, dining, and entertainment at The Commons at Federal Way, everyday essentials at nearby Costco, Target, Home Depot, Trader Joe's, plus countless restaurants, coffee shops, and many other services nearby. Commuters will definitely love the easy access to the Federal Way Transit Center and Link Light Rail, connecting you to Seattle, Tacoma, and beyond. Low-maintenance living, smart updates, and a location that puts everything within reach. Primary bedroom has been freshly painted. Priced to sell! Seller is offering $5k toward buyer closing costs!
Listed by Dan Benz • NextHome South Sound
Listing updated: October 11, 2026 at 02:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2521262
Around this home
How much should you offer?
1040 S 320th Street #5, Federal Way, WA 98003
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
- Cooking-Electric
- Dryer-Electric
- Fireplace
- Ground Floor
- Washer
- Water Heater
- Fireplace (gas)
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 2 bedrooms total
- 2 upstairs
Bathrooms
- 1 full bathroom
- 1 half bathroom
- 1.5 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- Condo (2 Levels)
Laundry
- Electric Dryer Hookup laundry
- Washer Hookup laundry
Flooring
- Laminate
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · 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.
Condominium facts
As entered by the listing broker on Northwest MLS
Building & HOA
- Building
- Trinidad South
- Floor of unit
- 1
- Units in building
- 43
- Stories in building
- 2
- FHA-approved project
- Yes
- Common interest community
- Yes
- HOA dues
- $475
- Dues frequency
- Monthly
- Dues include
- Common Area Maintenance, Gas, Sewer, Trash, Water
- Association contact
- Total Property Management
- First right of refusal
- No
Rules
- Short-term rentals allowed
- No
- Pets
- Yes
- 55+ community
- No
Unit
- Assigned parking
- 1
- Parking space numbers
- #5
- Storage location
- In back off deck
- Unit features
- Balcony/Deck/Patio,Ground Floor
- Common property features
- Cable TV,High Speed Int Avail,Outside Entry,Security Gate
- Laundry
- Electric Dryer Hookup, Washer Hookup
Systems
- Energy source
- Electric,Natural Gas
- Power production
- Electric, Natural Gas
- Water heater
- Gas
- Water heater location
- Main floor closet
- Power company
- PSE
- Water company
- Lakehaven
- Sewer company
- Lakehaven
- Gas company
- PSE
- Garbage service
- Waste Management
- Irrigation water rights
- No
- Internet connected
- Xfinity
- Cable connected
- Xfinity
Rooms & extras
- Bathtubs
- 1
- Showers
- 1
- Fireplaces on main
- 1
New construction
- Construction methods
- Steel & Concrete
- Square footage source
- Realist
- Lot size source
- Realist
- Effective year built source
- Public Records
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.
Opens with the report above.
Sales & Tax Records for 1040 S 320th Street #5
NWMLS via MLS Grid · King County AssessorEvery 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.
- Oct 11, 2026Price reducedNWMLS via MLS Grid · #2521262$299,950$276/sq ft
- May 13, 2026ListedNWMLS via MLS Grid · #2521262$322,000$296/sq ft
- Jul 19, 2019SoldNWMLS via MLS Grid · #1475385$230,950$212/sq ft
- Jun 19, 2019PendingNWMLS via MLS Grid · #1475385$224,950$207/sq ft
- Jun 14, 2019ListedNWMLS via MLS Grid · #1475385$224,950$207/sq ft
- Oct 15, 2013SoldNWMLS via MLS Grid · #515361$103,000$95/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$2,481 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: NextHome South Sound; Dan Benz; 206-261-7653; dan@nexthomesouthsound.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 71 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 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 October 19, 2026 at 9:46 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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