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Listed by Edgar Sarkisyan • Keller Williams Realty PS.
FOR SALE

$734,950

Est. $4,071/mo

Price reduced $15,000 from the original $749,950 asking price

3 bd•2.5 ba•2,790 sq ft

36503 2nd Avenue SW, Federal Way, WA 98023

• Listed Aug 26, 2026•44 days active · 44 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: Keller Williams Realty PS; Edgar Sarkisyan; 206-407-8943; edgar@thesarkgroup.com

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Listing Broker: Keller Williams Realty PS; Edgar Sarkisyan; 206-407-8943; edgar@thesarkgroup.com

About this home

Nearly 2,800 sq ft, an expansive 1/3-acre lot, extensive updates & room to spread out - this Brooklake Heights home checks all the boxes! Tucked away on a quiet cul-de-sac with a private greenbelt setting, this spacious tri-level offers 3 bedrooms, 2.5 baths & multiple living and flex spaces designed for everyday living, entertaining & working from home or the option for multi-generational living. Extensively remodeled in 2019, the home features engineered hardwood floors, an updated kitchen with quartz counters, full height backsplash, stainless appliances, double oven, eating bar & skylight, plus two inviting living spaces each with its own fireplace. French doors open to the deck & backyard, while a bonus room with exterior access & separate den/office provide even more flexibility. Upstairs, the spacious primary suite features a large walk-in closet & beautifully updated bath with soaking tub, glass-enclosed shower & dual vanity. New furnace & heat pump installed in 2023. Outside, enjoy a large deck, patio, wood sauna, storage shed, mature landscaping & space for RV or boat parking. Attached 2-car garage plus convenient access to schools, parks, shopping & commuter routes!

Property type
Single Family
Year built
1987
Interior
2,790 sq ft
Lot size
0.3305 acres
Parking
2-car garage
Price / sq ft
$263
HeatingForced Air, Heat Pump
CoolingHeat Pump
Property taxes$7,067/yr (est.)
School districtFederal Way

Listed by Edgar Sarkisyan • Keller Williams Realty PS

Listing updated: October 9, 2026 at 01:50pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2573763

Around this home

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36503 2nd Avenue SW, Federal Way, WA 98023

List price
$734,950
Down payment
$146,990

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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

  • Bath Off Primary
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • French Doors
  • Sauna
  • Skylight(s)
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Water Heater
  • 2 fireplaces (electric, wood burning)

Kitchen

  • Dishwasher
  • Dryer
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 3 bedrooms total
  • 3 upstairs

Bathrooms

  • 2 full bathrooms
  • 1 half bathroom
  • 2.5 bathrooms total (NWMLS count)

Layout

  • Tri-Level
  • 2,790 sq ft finished
  • 550 sq ft garage

Flooring

  • Ceramic Tile
  • Engineered Hardwood

Heating & cooling

  • Forced Air heating
  • Heat Pump heating
  • Heat Pump cooling

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Lot dimensions
129x109x21x21x128x75
Topography
Level
Vegetation
Garden Space
Lot number
22
Zoning code
RS9.6

Systems

Energy source
Natural Gas
Power production
Natural Gas
Water heater
Gas
Water heater location
Garage
Power company
PSE
Water company
Lakehaven
Sewer company
Septic
Gas company
PSE
Garbage service
Waste Management
Irrigation water rights
No

Rooms & extras

Bathtubs
2
Showers
2
Fireplaces on main
1
Fireplaces lower level
1
Excluded items
No

New construction

Square footage source
Realist
Lot size source
Realist

Manufactured home

Land lease
No

Neighborhood mobility

Walk, bike & transit scores

Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

RexMont Site Report

What it is like to live at this address

Walkability, ground and noise, read from public records for this exact home.

RexMont Site Report

The members' report

Commute, transit, zoning and ADU potential and the places behind the score. One free registration opens every home on rexmont.com.

Members

Opens with the report above.

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.

Sales & Tax Records for 36503 2nd Avenue SW

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 9, 2026
    Price reduced
    NWMLS via MLS Grid · #2573763
    $734,950
    $263/sq ft
  2. Aug 26, 2026
    Listed
    NWMLS via MLS Grid · #2573763
    $749,950
    $269/sq ft
  3. Aug 5, 2019
    Sold
    NWMLS via MLS Grid · #1449142
    $472,500
    $169/sq ft
  4. Jun 28, 2019
    Pending
    NWMLS via MLS Grid · #1449142
    $479,990
    $172/sq ft
  5. Jun 28, 2019
    Price reduced
    NWMLS via MLS Grid · #1449142
    $479,990
    $172/sq ft
  6. May 8, 2019
    Listed
    NWMLS via MLS Grid · #1449142
    $499,990
    $179/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

$4,844 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: Keller Williams Realty PS; Edgar Sarkisyan; 206-407-8943; edgar@thesarkgroup.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: 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 57 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $485,000 Sold

    1 week ago

    3 bd•1.75 ba•~1,200 sq ft•Single Family

    1404 SW 360th Street, Federal Way, WA 98023

    2%

    Over list

    95

    Days on market

    0.8 mi

    Distance

  • $569,000 Sold

    5 weeks 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

    0.7 mi

    Distance

  • $960,000 Sold

    5 weeks 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

    5 weeks 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

    0.2 mi

    Distance

  • $915,000 Sold

    6 weeks ago

    4 bd•3.25 ba•~3,265 sq ft•Single Family

    35816 2nd Avenue SW, Federal Way, WA 98023

    1%

    Under list

    85

    Days on market

    0.4 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 Oct 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of October 9, 2026 at 01:50pm (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.

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