$1,049,000
Est. $5,600/moPrice reduced $50,000 from the original $1,099,000 asking price
4 bd•2.25 ba•3,330 sq ft
475 Sw 345th St, Federal Way, WA 98023
• Listed Aug 31, 2026•28 days active · 28 cumulative
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Listing Broker: John L. Scott, Inc.; Kelly Gilleland; 253-226-5476; kellygilleland@johnlscott.com
About this home
With the premier location, generous living spaces, high-end updates this Campus Estates home truly offers the best of everything. Built by Terry Jensen, a premier home builder known for his quality craftsmanship, this is one of only a handful of homes he built in the area—adding a distinctive piece of architectural and neighborhood history to this exceptional property. Ideally positioned on a corner lot sitting on almost a half-acre, this beautiful home is the perfect blend of luxury, comfort and outdoor living. Featuring 4 spacious bedrooms, 3 bathrooms, and a dedicated office with built-in bookcases. Recent updated open-concept kitchen, showcasing new appliances, abundant cabinetry, walk-in pantry and an oversized island designed for gathering and entertaining. Elegant marble and hardwood flooring add timeless sophistication, while the formal living room with gas fireplace creates a warm inviting space for relaxing. Step outside to your own private retreat, complete with spacious cement patio, fully fenced backyard, garden space, and storage shed. Perfect for entertaining or simply enjoying the privacy of this exceptional lot. The over-sized 3 car garage is a standout, complete with custom flooring, gladiator storage with workbench and EV charger for added convenience. Additional peace of mind comes with a newer roof, HVAC system, and water heater. This is a rare opportunity to own a home that checks all the boxes.
Listed by Kelly Gilleland • John L. Scott, Inc.
Listing updated: September 25, 2026 at 05:02am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2575218
Around this home
How much should you offer?
475 Sw 345th St, 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
- Built-In Vacuum
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- French Doors
- Jetted Tub
- Pantry
- Security System
- Skylight(s)
- Sprinkler System
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Fireplace (gas)
- None basement
Kitchen
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 4 bedrooms total
Bathrooms
- 2 full bathrooms
- 1 half bathroom
Flooring
- Ceramic Tile
- Hardwood
- Marble
Heating & cooling
- Forced Air heating
- Central Air cooling
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.
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.
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.
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
$7,028 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.
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 58 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 25, 2026 at 05:02am (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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