$550,000
Est. $3,046/moPrice reduced $20,000 from the original $570,000 asking price
3 bd•2 ba•1,300 sq ft
1623 SW 331st Place, Federal Way, WA 98023
• Listed Aug 27, 2026•42 days active · 42 cumulative
Listing Broker: John L. Scott, Inc; Harry Eng; 425-227-9200; harryeng@johnlscott.com
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Listing Broker: John L. Scott, Inc; Harry Eng; 425-227-9200; harryeng@johnlscott.com
About this home
Welcome to the Alderbrook Community! Desirable, light-filled rambler featuring an open floor plan, high ceilings, and abundant natural light throughout. A south-facing, fully fenced backyard provides wonderful year-round brightness and a welcoming space for outdoor enjoyment. This well-maintained home features a newer 30-year roof, cedar wood siding, fresh interior and exterior paint, and vinyl flooring throughout. An entrance skylight adds even more natural light. The inviting living and dining areas offer comfortable spaces for everyday living and entertaining, with a cozy gas fireplace in the dining room. The kitchen features tile flooring, a ceiling fan, abundant cabinet space, a raised eating bar, and direct access to the patio and backyard. The spacious primary suite includes a private full bath with double sinks and a walk-in closet. An additional full hallway bath conveniently serves the rest of the home. Outside, enjoy a fully fenced backyard with a garden area and storage shed. A side-yard gate with a paved walkway provides convenient access to the backyard. A large two-car garage offers plenty of room for parking and storage. Ideally located near parks, schools, shopping, dining, and major commuter routes, this bright and comfortable Alderbrook rambler is ready to welcome you home.
Listed by Harry Eng • John L. Scott, Inc
Listing updated: September 29, 2026 at 08:57pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2573997
Around this home
How much should you offer?
1623 SW 331st Place, Federal Way, WA 98023
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
- Skylight(s)
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Fireplace (gas)
Kitchen
- Dishwasher
- Disposal
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 3 bedrooms total
- 3 on the main level
Bathrooms
- 2 full bathrooms
- 2 on the main level
Layout
- 1 Story
- 1,300 sq ft finished
- 480 sq ft garage
Flooring
- Ceramic Tile
- Laminate
Heating & cooling
- High Efficiency (Unspecified) heating
- High Efficiency (Unspecified) cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level
- Vegetation
- Garden Space
Systems
- Energy source
- Electric,Natural Gas
- Power production
- Electric, Natural Gas
- Power company
- PSE
- Water company
- Lakehaven Utility
- Sewer company
- Lakehaven Utility
- Gas company
- PSE
- Garbage service
- Waste Management
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
- Fireplaces on main
- 1
New construction
- Square footage source
- KCR
- Lot size source
- KCR
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.
Opens with the report above.
Schools
Ratings via SchoolDiggerFederal Way School District
- Silver Lake ElementaryPublic · Grades PK-5 · State rank 373 of 1,1386/10
- Illahee Jnr HighPublic · Grades Middle—
- 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.
Sales & Tax Records for 1623 SW 331st 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.
- Sep 30, 2026Price reducedNWMLS via MLS Grid · #2573997$550,000$423/sq ft
- Aug 27, 2026ListedNWMLS via MLS Grid · #2573997$570,000$438/sq ft
- Feb 20, 2004SoldNWMLS via MLS Grid · #24000637$206,950$159/sq ft
- Jan 5, 2004PendingNWMLS via MLS Grid · #24000637$209,950$162/sq ft
- Jan 2, 2004ListedNWMLS via MLS Grid · #24000637$209,950$162/sq ft
- Apr 3, 2001SoldNWMLS via MLS Grid · #21017238$172,000$132/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
$3,633 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: John L. Scott, Inc; Harry Eng; 425-227-9200; harryeng@johnlscott.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 57 days.
Recent sales nearby
Within 1 mile · last 6 months$550,000 Sold
0 days ago
4 bd•1.75 ba•~1,750 sq ft•Single Family
33411 29th Place SW, Federal Way, WA 98023
4%
Over list
36
Days on market
0.7 mi
Distance
$598,000 Sold
1 week ago
4 bd•3.25 ba•~1,913 sq ft•Single Family
836 SW 345th Street, Federal Way, WA 98023
4%
Under list
70
Days on market
0.9 mi
Distance
$550,000 Sold
1 week ago
3 bd•2 ba•~1,410 sq ft•Single Family
2662 SW 332nd Street, Federal Way, WA 98023
0%
Over list
—
Days on market
0.6 mi
Distance
$1,149,340 Sold
1 week ago
5 bd•3.5 ba•~3,308 sq ft•Single Family
1952 SW 343rd (Lot 5) Place, Federal Way, WA 98023
0%
Over list
126
Days on market
0.7 mi
Distance
$650,000 Sold
1 week ago
3 bd•2.25 ba•~1,770 sq ft•Single Family
3023 SW 339th Street, Federal Way, WA 98023
1%
Under list
35
Days on market
0.9 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 September 29, 2026 at 08:57pm (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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