$350,000
Est. $1,923/mo5 bd•2 ba•2,060 sq ft
28242 28th Avenue S, Federal Way, WA 98003
• Listed Oct 22, 2026•New today
Listing Broker: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.com
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Listing Broker: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.com
About this home
Major Fixer – Investor & Contractor Opportunity! Spacious 5-bedroom home offering approximately 2,060 square feet on a generous 9,990-square-foot lot in Federal Way. Property is in severely distressed condition, with extensive deferred maintenance and substantial accumulation of personal belongings, trash, and debris throughout. Significant cleanup and a complete interior renovation or gut rehabilitation should be anticipated. Opportunity for experienced investors and contractors prepared to undertake a major restoration project. Property sold strictly AS-IS, with no repairs by seller. Short sale subject to lienholder approval. Buyer to verify all information and property condition to their satisfaction.
Listed by Ara Hakobyan • Keller Williams Rlty Bellevue
Listing updated: October 22, 2026 at 04:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2593851
Around this home
How much should you offer?
28242 28th Avenue S, Federal Way, WA 98003
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
- Fireplace
- Water Heater
- Fireplace
- Daylight basement
Bedrooms
- 5 bedrooms total
- 5 upstairs
Bathrooms
- 2 full bathrooms
Layout
- Multi Level
- 2,060 sq ft finished, 120 sq ft unfinished
- 620 sq ft garage
Flooring
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDigger- Mark Twain Elementary SchoolPublic · Grades PK-5 · 0.6 mi · State rank 1,025 of 1,1382/10
- Evergreen Middle SchoolPublic · Grades 6-8 · 1.3 mi · State rank 490 of 5141/10
- Thomas Jefferson High SchoolPublic · Grades 9-12 · 0.9 mi · State rank 325 of 3962/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot number
- 6
- Zoning code
- RS9.6
- Zoning jurisdiction
- City
- Faces
- West
Systems
- Energy source
- Electric,Natural Gas,Wood
- Power production
- Electric, Natural Gas, Wood
- Water heater
- Gas
- Water heater location
- garage
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
- Fireplaces lower level
- 1
- Excluded items
- No
New construction
- Square footage source
- Public Records
- Lot size source
- Public Records
- 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 28242 28th Avenue S
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.
- Oct 22, 2026ListedNWMLS via MLS Grid · #2593851$350,000$170/sq ft
Down payment assistance
6 programs may be available to provide you with up to $17,500 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
$2,521 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: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.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 76 days.
Recent sales nearby
Within 1 mile · last 6 months$525,000 Sold
1 day ago
3 bd•2.5 ba•~2,030 sq ft•Single Family
1304 S 286th Street, Federal Way, WA 98003
0%
Over list
48
Days on market
0.9 mi
Distance
$720,000 Sold
1 week ago
4 bd•3 ba•~3,350 sq ft•Single Family
28611 16th Avenue S, Federal Way, WA 98003
4%
Under list
77
Days on market
0.8 mi
Distance
$950,000 Sold
2 weeks ago
4 bd•3.75 ba•~3,970 sq ft•Single Family
29015 15th Place S, Federal Way, WA 98003
5%
Under list
148
Days on market
0.9 mi
Distance
$564,000 Sold
3 weeks ago
3 bd•1.75 ba•~1,200 sq ft•Single Family
28504 23rd Avenue S, Federal Way, WA 98003
3%
Under list
104
Days on market
0.3 mi
Distance
$579,500 Sold
3 weeks ago
3 bd•1.25 ba•~1,180 sq ft•Single Family
28546 20th Avenue S, Federal Way, WA 98003
0%
Over list
53
Days on market
0.5 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 22, 2026 at 6:33 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
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