$599,000
Est. $3,318/mo4 bd•3.5 ba•3,930 sq ft
31233 22nd Avenue SW, Federal Way, WA 98023
• Listed Sep 24, 2026•24 days active · 24 cumulative
Listing Broker: BCR LLC; Christel EM Osterstrom; 425-753-0950; christelosterstromre@gmail.com
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Listing Broker: BCR LLC; Christel EM Osterstrom; 425-753-0950; christelosterstromre@gmail.com
About this home
Listing Description Attention Investors, Builders & Buyers Looking for Opportunity! Bring your vision to this Federal Way property situated on an expansive 27,000 sq. ft. (.62-acre) lot with exciting possibilities. The home offers 1,980 sq. ft. of above-ground living space with an additional approximately 1,950 sq. ft. daylight basement not included in the stated living square footage, creating substantial additional space and potential. The home features 4 bedrooms, multiple baths, two fireplaces, and an attached garage. The property is currently identified as RS15.0 zoning, and the generous parcel may offer potential for subdivision or additional development, subject to verification and approval by the appropriate governmental authorities. Buyer to independently verify zoning, subdivision potential, development feasibility, utilities, access, and all applicable requirements. Whether you're an investor looking for your next project, a builder exploring development possibilities, or a buyer wanting a home with nearly 4,000 sq. ft. of combined above-ground and basement space, this property offers an opportunity to bring your ideas to life. Bring your vision and explore the possibilities!
Listed by Christel EM Osterstrom • BCR LLC
Listing updated: October 14, 2026 at 03:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2583492
Around this home
How much should you offer?
31233 22nd Avenue SW, 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
- French Doors
- Solarium/Atrium
- Vaulted Ceiling(s)
- Water Heater
- 2 fireplaces (electric, wood burning)
- Daylight basement
Kitchen
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 4 bedrooms total
- 3 on the main level
- 1 on the lower level
Bathrooms
- 2 full bathrooms
- 2 three-quarter bathrooms (shower, no tub)
- 3.5 bathrooms total (NWMLS count)
- 3 on the main level
Layout
- 1 Story w/Bsmnt.
- 3,930 sq ft finished
- 570 sq ft garage
Flooring
- Ceramic Tile
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot dimensions
- 96x300x49x178x160
- Topography
- Partial Slope,Terraces
- Vegetation
- Brush, Fruit Trees, Garden Space
- Lot number
- 6
- Zoning code
- RS15.0
- Zoning jurisdiction
- City
- Faces
- East
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- Electric
- Water heater location
- Laundry Room
- Power company
- PSA
- Water company
- Lakehaven
- Sewer company
- Lakehaven
- Gas company
- NA
- Garbage service
- Waste Management
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 4
- Fireplaces on main
- 1
- Fireplaces lower level
- 1
- Excluded items
- No
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 31233 22nd Avenue SW
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 17, 2026ListedNWMLS via MLS Grid · #2583492$599,000$152/sq ft
- Apr 18, 1989Recorded saleKing County recorder · Warranty deed$104,500$27/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
$4,011 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: BCR LLC; Christel EM Osterstrom; 425-753-0950; christelosterstromre@gmail.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$645,000 Sold
3 days ago
4 bd•3 ba•~2,390 sq ft•Single Family
32708 19th Place SW, Federal Way, WA 98023
3%
Under list
84
Days on market
0.9 mi
Distance
$585,000 Sold
4 days ago
3 bd•2.25 ba•~1,560 sq ft•Single Family
31550 39th Avenue SW, Federal Way, WA 98023
0%
Over list
70
Days on market
0.9 mi
Distance
$593,000 Sold
5 days ago
3 bd•1.75 ba•~1,410 sq ft•Single Family
3339 SW 323rd Street, Federal Way, WA 98023
5%
Under list
62
Days on market
0.9 mi
Distance
$550,000 Sold
3 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
$599,000 Sold
7 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
0.8 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 18, 2026 at 2:01 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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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