$549,999
Est. $3,022/mo3 bd•1.75 ba•1,450 sq ft
33417 40th Avenue SW, Federal Way, WA 98023
• Listed Oct 23, 2026•2 days active · 2 cumulative
Listing Broker: Century 21 Blue Chip; Krystal Phy; 206-403-5041; krystal@bluechiprealtyup.com
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Listing Broker: Century 21 Blue Chip; Krystal Phy; 206-403-5041; krystal@bluechiprealtyup.com
About this home
Welcome home to this inviting split-level in the desirable Twin Lakes area of Federal Way! Fresh interior paint, brand-new carpet, and thoughtful updates make this 3-bedroom, 2-bath home move-in ready with plenty of opportunity to make it your own. The light-filled living room features a beautiful stone fireplace with a wood stove insert, creating a warm and welcoming gathering space. The kitchen offers generous cabinet storage and opens to the dining area, with sliding doors leading to a spacious deck, perfect for outdoor dining, entertaining, or simply relaxing. The flexible split-level layout provides room to spread out, whether you need a home office, guest space, or a second living area. Enjoy the convenience of an attached two-car garage, a recently remodeled upstairs bathroom, and updated plumbing. Just minutes from Dash Point State Park, scenic trails, Puget Sound beaches, shopping, dining, and everyday essentials. With its recent improvements, functional layout, and convenient location, this home is ready for its next chapter!
Listed by Krystal Phy • Century 21 Blue Chip
Listing updated: October 25, 2026 at 02:04pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2596375
Around this home
How much should you offer?
33417 40th 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
- Fireplace
- Fireplace (wood burning)
- Finished basement
Kitchen
- Dishwasher
- Disposal
- Dryer
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 3 bedrooms total
- 2 upstairs
- 1 on the lower level
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
Layout
- Split Entry
- 1,450 sq ft finished
- 130 sq ft garage
Flooring
- Vinyl Plank
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerFederal Way School District
- Brigadoon Elementary SchoolPublic · Grades PK-5 · State rank 697 of 1,1384/10
- Saghalie 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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level,Partial Slope
- Faces
- Southeast
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- Puget Sound Energy
- Water company
- Tacoma Public Utilities
- Sewer company
- Lakehaven Water & Sewer
- Garbage service
- Waste Management
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 1
- Showers
- 2
- Fireplaces upstairs
- 1
New construction
- Square footage source
- Public Records
- Lot size 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 33417 40th 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.
- Oct 23, 2026ListedNWMLS via MLS Grid · #2596375$549,999$379/sq ft
Down payment assistance
6 programs may be available to provide you with up to $27,500 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
$3,210 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: Century 21 Blue Chip; Krystal Phy; 206-403-5041; krystal@bluechiprealtyup.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 66 days.
Recent sales nearby
Within 1 mile · last 6 months$654,000 Sold
3 days ago
4 bd•2.5 ba•~2,340 sq ft•Single Family
32912 46th Court SW, Federal Way, WA 98023
1%
Under list
14
Days on market
0.5 mi
Distance
$585,000 Sold
4 days ago
4 bd•1.5 ba•~2,150 sq ft•Single Family
33907 23rd Avenue SW, Federal Way, WA 98023
0%
Over list
60
Days on market
1.0 mi
Distance
$650,000 Sold
1 week ago
4 bd•2.75 ba•~2,050 sq ft•Single Family
33205 30th Avenue SW, Federal Way, WA 98023
0%
Over list
62
Days on market
0.5 mi
Distance
$530,000 Sold
2 weeks ago
3 bd•1 ba•~1,290 sq ft•Single Family
33614 35th Avenue SW, Federal Way, WA 98023
2%
Under list
48
Days on market
0.3 mi
Distance
$593,000 Sold
2 weeks 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
0.8 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 25, 2026 at 6:13 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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