$339,500
Est. $1,881/mo2 bd•1 ba•1,000 sq ft
31500 33rd Place SW #Q203, Federal Way, WA 98023
• Listed Sep 22, 2026•26 days active · 26 cumulative
Listing Broker: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@gmail.com
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@gmail.com
About this home
Light, bright and wonderfully maintained turnkey condo in the highly desirable Madera West gated community! Rare combination of FHA & VA eligibility, NO RENTAL CAP, and strong reserves! Step inside this private top floor unit and you’ll immediately notice the abundance of natural light, beautiful LVP flooring, and picturesque territorial views off the deck…with no neighboring windows in sight! Functional and spacious, this 2 bedroom layout comes with an oversized bathroom, walk in closets, crown molding, recent interior paint and new full size W/D that stay! No shortage of parking with an included single car garage, additional reserved parking space and several visitor spaces just outside the unit. Renowned for its impressive array of resident ammenities… Madera West offers a luxurious clubhouse with party and game rooms, heated pool, hot tub and fitness center… plus RV parking, sports courts, playground, gardening space, dog run and so much more! Water/Sewer/Garbage included in HOA dues, along with grounds and exterior maintenance, providing exceptional value and cost savings. Recently updated roof, siding and windows for added peace of mind! Unit is positioned near the clubhouse, mailboxes and receptacles for your convenience. So tucked in, yet so close to freeways, Dash Point, the new link light rail and all that Federal Way has to offer! With so many condos having drawbacks, this really is the total package and just the gem you’ve been searching for!
Listed by Daniel Speltz • Better Properties Summit
Listing updated: October 7, 2026 at 10:56am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2585452
Around this home
How much should you offer?
31500 33rd Place SW #Q203, 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
- Cooking-Electric
- Dryer-Electric
- Fireplace
- Top Floor
- Walk-In Closet(s)
- Washer
- Fireplace (wood burning)
Kitchen
- Dishwasher
- 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
- Condo (1 Level)
Laundry
- Electric Dryer Hookup laundry
- Washer Hookup laundry
Flooring
- Vinyl
- Vinyl Plank
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · 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.
Condominium facts
As entered by the listing broker on Northwest MLS
Building & HOA
- Building
- Madera West
- Floor of unit
- 3
- Units in building
- 8
- Stories in building
- 3
- FHA-approved project
- Yes
- Co-op
- No
- Common interest community
- No
- HOA dues
- $365
- Dues frequency
- Monthly
- Dues include
- Common Area Maintenance, Lawn Service, Road Maintenance, Sewer, Trash, Water
- Special assessment
- false
- Association contact
- Real Manage
- First right of refusal
- No
Rules
- Rental cap
- No Rental Cap
- Pets
- Cats OK, Dogs OK
- 55+ community
- No
Unit
- Assigned parking
- 1
- Storage location
- Garage
- Unit features
- Balcony/Deck/Patio,Top Floor,Walk-in Closet
- Common property features
- Athletic Court,Cable TV,Clubhouse,Electric Car Charging Station,Exercise Room,Game/Rec Rm,Garden Space,Gated Entry,High Speed Int Avail,Hot Tub,Playground,Pool-Outdoor,RV Parking,Security Gate
- Entry location
- Main
- Access stairs
- 32
- Laundry
- Electric Dryer Hookup, Washer Hookup
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- PSE
- Water company
- HOA
- Sewer company
- HOA
- Garbage service
- HOA
- Irrigation water rights
- No
- Internet connected
- Xfinity/ Comcast
- Cable connected
- Xfinity/ Comcast
Rooms & extras
- Bathtubs
- 1
- Showers
- 1
- Fireplaces on main
- 1
New construction
- Construction methods
- Standard Frame
- Square footage source
- Public
- Effective year built source
- Public Records
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 31500 33rd Place SW #Q203
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 22, 2026ListedNWMLS via MLS Grid · #2585452$339,500$340/sq ft
- Jul 12, 2022SoldNWMLS via MLS Grid · #1936099$345,000$345/sq ft
- May 20, 2022PendingNWMLS via MLS Grid · #1936099$339,000$339/sq ft
- May 17, 2022ListedNWMLS via MLS Grid · #1936099$339,000$339/sq ft
- Aug 1, 2016Recorded saleKing County recorder · Statutory warranty deed$130,000$130/sq ft
- Aug 2, 2013Recorded saleKing County recorder · Quit claim deed$40,000$40/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
$2,637 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: Better Properties Summit; Daniel Speltz; 253-229-6068; danieljspeltz@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: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 61 days.
Recent sales nearby
Within 1 mile · last 6 months$112,000 Sold
1 week ago
2 bd•1 ba•Condo
4601 SW 320th Street #Q5, Federal Way, WA 98023
10%
Under list
15
Days on market
0.9 mi
Distance
$305,999 Sold
1 week ago
3 bd•2 ba•Condo
1938 SW 318th Place #9C, Federal Way, WA 98023
2%
Over list
42
Days on market
0.8 mi
Distance
$288,888 Sold
2 weeks ago
3 bd•1.75 ba•Condo
1710 SW 318th Place #44D, Federal Way, WA 98023
4%
Under list
144
Days on market
0.8 mi
Distance
$370,000 Sold
4 weeks ago
2 bd•2 ba•Condo
1921 SW 307th Street #B, Federal Way, WA 98023
2%
Under list
81
Days on market
0.8 mi
Distance
$225,000 Sold
7 weeks ago
2 bd•2 ba•Condo
31500 33rd Place SW #N102, Federal Way, WA 98023
1%
Over list
566
Days on market
0.1 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 2:16 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.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
