$480,000
Est. $2,659/moPrice reduced $8,000 from the original $488,000 asking price
2 bd•1 ba•760 sq ft
332 S 314th Place, Federal Way, WA 98003
• Listed Aug 27, 2026•43 days active · 43 cumulative
Listing Broker: Redfin; Andrew Maglalang-Weakley; 206-605-1718; andrew.weakley@redfin.com
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Listing Broker: Redfin; Andrew Maglalang-Weakley; 206-605-1718; andrew.weakley@redfin.com
About this home
Charming fully remodeled home offers instant potential as a lucrative short-term rental or move-in ready retreat! Features a rare assumable loan opportunity with favorable existing financing! Backing up to a private green buffer, the light-filled interior boasts soaring vaulted ceilings, smart ambient lighting, durable LVP flooring throughout, a cozy fireplace, and a sunny bay window. The modern galley kitchen shines with sleek quartz counters and stainless appliances, while two spacious bedrooms share an upgraded full bath featuring a double vanity. Step outside to an entertainer's paradise! Large covered deck overlooks an exceptional private outdoor setting that's fully fenced with a low-maintenance yard complete with two handy garden storage sheds. Parking is a breeze with a spacious 1-car garage and ample room for RV with power hookup or boat storage. Unbeatably located just minutes from Redondo Beach perfect for catching beautiful waterfront sunsets, neighborhood parks, freeways and vibrant shopping. Welcome Home!
Listed by Andrew Maglalang-Weakley • Redfin
Listing updated: October 5, 2026 at 02:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2567170
Around this home
How much should you offer?
332 S 314th Place, 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
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Security System
- Vaulted Ceiling(s)
- Water Heater
- Fireplace (wood burning)
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 2 bedrooms total
- 2 on the main level
Bathrooms
- 1 full bathroom
- 1 on the main level
Layout
- 1 Story
- 760 sq ft finished
- 280 sq ft garage
Flooring
- Ceramic Tile
- Laminate
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- Window Unit(s) cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level
- Vegetation
- Garden Space
- Zoning jurisdiction
- County
- Faces
- South
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Garage
- Power company
- PSE
- Water company
- Lake Haven
- Sewer company
- Lake Haven
- Garbage service
- Waste Management
- Irrigation water rights
- No
- Internet connected
- Xfinity/Comcast
Rooms & extras
- Bathtubs
- 1
- Showers
- 1
- Fireplaces on main
- 1
New construction
- Square footage source
- Realist - Buyer to Verify
- Lot size source
- Realist - Buyer to Verify
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.
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.
Sales & Tax Records for 332 S 314th Place
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 5, 2026Price reducedNWMLS via MLS Grid · #2567170$480,000$632/sq ft
- Aug 27, 2026ListedNWMLS via MLS Grid · #2567170$488,000$642/sq ft
- Jun 17, 2022SoldNWMLS via MLS Grid · #1932618$450,000$592/sq ft
- May 22, 2022PendingNWMLS via MLS Grid · #1932618$450,000$592/sq ft
- May 12, 2022ListedNWMLS via MLS Grid · #1932618$450,000$592/sq ft
- Jan 10, 2020SoldNWMLS via MLS Grid · #1544738$309,950$408/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
$3,138 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: Redfin; Andrew Maglalang-Weakley; 206-605-1718; andrew.weakley@redfin.com
Market pulse
Federal Way is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 60 days.
Recent sales nearby
Within 1 mile · last 6 months$528,000 Sold
1 day ago
3 bd•2 ba•~1,540 sq ft•Single Family
31244 9th Avenue S, Federal Way, WA 98003
2%
Over list
91
Days on market
0.4 mi
Distance
$466,000 Sold
1 week ago
3 bd•2.5 ba•~1,430 sq ft•Single Family
31074 9th Avenue S, Federal Way, WA 98003
3%
Under list
113
Days on market
0.4 mi
Distance
$935,809 Sold
1 week ago
5 bd•3 ba•~2,983 sq ft•Single Family
30302 11th Place S, Federal Way, WA 98003
0%
Over list
235
Days on market
0.9 mi
Distance
$1,025,000 Sold
1 week ago
3 bd•2.5 ba•~2,670 sq ft•Single Family
30015 1st Place S, Federal Way, WA 98003
7%
Under list
117
Days on market
0.9 mi
Distance
$570,000 Sold
2 weeks ago
4 bd•2.25 ba•~1,970 sq ft•Single Family
31721 4th Avenue S, Federal Way, WA 98003
1%
Under list
55
Days on market
0.2 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
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 5, 2026 at 02:27pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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