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Listed by Esther Gakwa • eXp Realty.
FOR SALE

$400,000

Est. $2,216/mo

2 bd•1.5 ba•968 sq ft

1426 S 308th Lane, Federal Way, WA 98003

• Listed Jul 17, 2026•31 days active · 31 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: eXp Realty; Esther Gakwa; 206-712-8034; re4ubyesthergakwa@gmail.com

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Listing Broker: eXp Realty; Esther Gakwa; 206-712-8034; re4ubyesthergakwa@gmail.com

About this home

Enjoy Peace and Tranquility in this corner lot townhome that's nestled in the heart of the city of Federal Way. This Lovely 2 bedroom 1.5 bath townhouse offers 968 sqft livable space and a cute backyard that's great for entertaining & relaxation. This end unit offers a fully fenced front yard that's great for gardening. This home offers an attached garage and 2 off street parking spot in front of the house, on top of that the community offers an abundance of visitor parking spots & additional street parking for invited guests. Perfect location as it is minutes away from restaurants, grocery store, mall & schools. Easy access to I5 freeway, Park & Ride and Lightrail Station. This well maintained beauty is ready for it's new homeowners!

Property type
Townhouse
Year built
1990
Interior
968 sq ft
Lot size
Not listed
Parking
1-car garage
Price / sq ft
$413
HeatingBaseboard
CoolingNone
Property taxes$3,807.96/yr (est.)
HOA dues$500/mo
School districtFederal Way

Listed by Esther Gakwa • eXp Realty

Listing updated: September 21, 2026 at 11:38pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2555355

Around this home

RexMont OfferEdge™

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1426 S 308th Lane, Federal Way, WA 98003

List price
$400,000
Down payment
$80,000

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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

  • Cooking-Electric
  • Dryer-Electric
  • Washer

Kitchen

  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator

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

  • Townhouse

Laundry

  • Electric Dryer Hookup laundry
  • Washer Hookup laundry

Flooring

  • Ceramic Tile
  • Vinyl Plank
  • Carpet

Heating & cooling

  • Baseboard heating
  • None cooling

Schools

Ratings via SchoolDigger

Federal Way School District

  • Mirror Lake Elementary School
    Public · Grades PK-5 · State rank 973 of 1,138
    2/10
  • Sacajawea Jnr High
    Public · Grades Middle
    —
  • Federal Way Snr High
    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.

Townhome facts

As entered by the listing broker on Northwest MLS

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Power company
PSE
Water company
Lake Haven
Sewer company
Lake Haven
Irrigation water rights
No

Rooms & extras

Bathtubs
1
Showers
1

New construction

Square footage source
County
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.

Members

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Sales & Tax Records for 1426 S 308th Lane

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. Jul 17, 2026
    Listed
    NWMLS via MLS Grid · #2555355
    $400,000
    $413/sq ft
  2. Sep 12, 2023
    Sold
    NWMLS via MLS Grid · #2041728
    $360,000
    $372/sq ft
  3. Aug 8, 2023
    Pending
    NWMLS via MLS Grid · #2041728
    $360,000
    $372/sq ft
  4. Jun 23, 2023
    Listed
    NWMLS via MLS Grid · #2041728
    $360,000
    $372/sq ft
  5. Apr 11, 2008
    Sold
    NWMLS via MLS Grid · #28029014
    $178,000
    $184/sq ft
  6. Mar 24, 2008
    Pending
    NWMLS via MLS Grid · #28029014
    $185,000
    $191/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

$3,133 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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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: eXp Realty; Esther Gakwa; 206-712-8034; re4ubyesthergakwa@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 69 days.

Want a deeper read on this market?

Ask a RexMont agent

Market 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 18, 2026 at 2:16 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.

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