$440,000
Listed at $520,0003 bd•2.5 ba•1,910 sq ft
2221 SW 306th Pl, Federal Way, WA 98023
• Listed Aug 1, 2026
RexMont Market Signal for 2221 SW 306th Pl
Sold price on recordRexMont Market Signal $440,000
Closed sale price · as of August 20, 2026, the day it sold.
Market Signal since the sale
$510,896
Likely $368,332 – $648,205 · wide read: talk to Adriano · as of October 1, 2026
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Orchard Brokerage, LLC; Antonio Calimano Montanez; 206-208-0529; antonio.calimano@orchard.com
Buyer Broker: COMPASS
About this home
Calling all visionaries, contractors, and value-add investors! This split-level home in a quiet, established Federal Way neighborhood is a rare opportunity to build serious equity through sweat and smart renovation. Originally built in 1976, this 3-bedroom home offers a classic split-level layout with distinct living spaces on each level — a floor plan that has stood the test of time and just needs your vision to shine again.Yes, this home needs love — plenty of it — but that's exactly where the opportunity lies. Priced to reflect its condition, this is your chance to secure a home in a desirable pocket of Federal Way at a fraction of market-ready pricing, then customize every finish to your own taste.This location works in your favor: tucked into an established residential street with mature landscaping and long-time neighbors, it's convenient to Highway 99 and I-5 for an easy commute, and just minutes from Dash Point State Park and Beach, French Lake Off-Leash Dog Park, and Alderdale Park. Everyday essentials are close by too, with Safeway, Fred Meyer, and QFC nearby, along with local favorites like Bigfoot Java and JP's Tavern. Federal Way's housing market has shown strong, consistent demand, making this a smart long-term hold or flip.The bones are here — the potential is yours to unlock. Whether you're an investor looking for your next project, a contractor ready to add value, or a buyer with a vision and some DIY grit, this split-level offers the space and structure.
Listed by Antonio Calimano Montanez • Orchard Brokerage, LLC
Listing updated: September 20, 2026 at 04:04am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2561710
Around this home
Property details
Interior features
- Ceiling Fan(s)
- Dining Room
- Fireplace
- Vaulted Ceiling(s)
- Fireplace (gas)
- Finished basement
Kitchen
- Dishwasher
- Microwave
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 3 bedrooms total
- 3 upstairs
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 bathrooms total (NWMLS count)
Layout
- Tri-Level
- 1,910 sq ft finished
- 520 sq ft garage
Flooring
- Ceramic Tile
- Engineered Hardwood
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Adelaide Elementary SchoolPublic · Grades PK-5 · State rank 871 of 1,1382/10
- Lakota Middle SchoolPublic · Grades 6-8 · State rank 295 of 5144/10
- Decatur High SchoolPublic · Grades 9-12 · State rank 338 of 3962/10
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
- Faces
- South
Systems
- Energy source
- Electric
- Power production
- Electric
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
- Fireplaces on main
- 1
New construction
- Square footage source
- Realist
- Lot size source
- Realist
- 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.
Opens with the report above.
Sales & Tax Records for 2221 SW 306th Pl
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.
- Aug 20, 2026SoldNWMLS via MLS Grid · #2561710$440,000$230/sq ft
- Aug 13, 2026PendingNWMLS via MLS Grid · #2561710$520,000$272/sq ft
- Aug 1, 2026ListedNWMLS via MLS Grid · #2561710$520,000$272/sq ft
- Jul 27, 1995Recorded saleKing County recorder · Statutory warranty deed$132,000$69/sq ft
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.
Recent sales nearby
Within 1 mile · last 6 months$949,000 Sold
1 day ago
4 bd•3.25 ba•~2,580 sq ft•Single Family
30017 24th Avenue SW, Federal Way, WA 98023
0%
Over list
40
Days on market
0.4 mi
Distance
$550,000 Sold
4 weeks ago
2 bd•1.75 ba•~1,310 sq ft•Single Family
31024 6th Lane SW, Federal Way, WA 98023
4%
Under list
98
Days on market
1.0 mi
Distance
$1,250,000 Sold
4 weeks ago
4 bd•3 ba•~2,570 sq ft•Single Family
921 SW 296th Street, Federal Way, WA 98023
0%
Over list
54
Days on market
1.0 mi
Distance
$599,000 Sold
8 weeks ago
3 bd•2.5 ba•~1,750 sq ft•Single Family
822 SW 314th Place, Federal Way, WA 98023
0%
Over list
25
Days on market
0.9 mi
Distance
$1,240,000 Sold
2 months ago
6 bd•3.5 ba•~4,590 sq ft•Single Family
30809 36TH Court SW, Federal Way, WA 98023
1%
Under list
98
Days on market
0.7 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 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 29, 2026 at 1:18 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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