$7,422 Closing Credit¹
#2340319, Melissa Villa, Listing Office: Best Choice Realty LLC
$649,950 List price
31616 40th Ave SW Federal Way, WA 98023
$7,718
Closing credit¹
4 beds
1 full, 1 partial
2,100 sqft
0.2 acres
$310 / sqft
House
Property details
About 31616 40th Ave SW
Explore this cottage that combines privacy, elegance, and sophistication! This stunning two-story residence is situated in the sought-after Twin Lakes neighborhood. Generous spaces and designer details, such as fresh paint, wainscoting, and crown molding, are present throughout. The modern kitchen features white cabinetry, a wall oven, and a cozy breakfast nook. There are also formal living and dining rooms. The family room highlights a masonry fireplace and open beams. The spacious master suite boasts a three-quarter bath with heated floors and dual closets. Enhanced by double-hung windows, ample storage, and copper gutters, the property is a gem. Delight in the beautifully landscaped private yard, which is fully fenced.
Highlights
HeatingForced Air, Heat Pump
StatusActive
Size2,100 sqft
Lot size0.1892 Acres
Year built1970
ParkingAttached Garage
MLS #2367322
Attached garage2 spaces
FireplaceGas
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Disposal, Double Oven
- Basement: No
- Flooring Type: Ceramic Tile, Engineered Hardwood, Carpet
- Interior: Bath Off Primary, Ceramic Tile, Dining Room, Fireplace, Security System, Water Heater
- Fireplace: Gas
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- Exterior: Stone, Wood
- Heating: Forced Air, Heat Pump
- Cooling: None
- List Price: $649,950
- Price/SqFt: $309
- HOA Amount: $37
- HOA Frequency: Quarterly
- Annual Tax Amount: $6,056
- Tax Year: 2022
- Lot: Curbs, Paved, Sidewalk
- Directions: GPS
- Year Built: 1970
- Living Area: 2,100 SqFt
- Lot Size: 0.1892 Acres
- MLS Number: 2367322
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (206) 448-8888
- Listing Agent: Philip R Baker
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
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Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2025, 1:17:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$649,950
31616 40th Ave SW
$7,718
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 09, 2007 | Home Sold | $355,950 |
| Aug 09, 2007 | Home Sold | $355,950 |
| Nov 30, 2005 | Home Sold | $332,500 |
| Jul 31, 1995 | Home Sold | $145,000 |
| Oct 31, 1989 | Home Sold | $116,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $617,000 | $6,056 |
| 2021 | $458,000 | $5,196 |
| 2020 | $422,000 | $5,093 |
| 2018 | $388,000 | $4,472 |
| 2017 | $338,000 | $4,815 |
History based on county public records data.
Nearby schools
7
Twin Lakes Elementary School
Public District KG-5
0.3 mi
•4400 SW 320th St
5
Green Gables Elementary School
Public District KG-5
0.8 mi
•32607 47th Ave SW
2
Olympic View Elementary School
Public District KG-5
1.0 mi
•2626 SW 327th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $88,793. The majority of Federal Way, WA residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
13%
<35k
44%
35k-100k
32%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
27%
Single, No Kids
7%
Single, with Kids
45%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
13%
18-34 yrs old
46%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
NBA/WNBA
Where do the neighbors shop?
Chico's
Nordstrom Rack
New York & Company
Where do the neighbors go to eat?
Boston Market
Chipotle
Qdoba
What do the neighbors drive?
Volvo
Mazda
Infiniti
What do the neighbors listen to?
Talk/Personality
Rock- Active Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 31616 40th Ave SW
The listing price of 31616 40th Ave SW property is $649,950.
The property 31616 40th Ave SW is a house located in Federal Way, Washington, 98023.
Active Listing: 31616 40th Ave SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 31616 40th Ave SW are: Twin Lakes Elementary School (GreatSchools Rating 7/10), Green Gables Elementary School (GreatSchools Rating 5/10), Olympic View Elementary School (GreatSchools Rating 2/10), Lakota Middle School (GreatSchools Rating 3/10), Meeker Middle School (GreatSchools Rating 4/10), TAF Academy at Saghalie (GreatSchools Rating 2/10), Decatur High School (GreatSchools Rating 3/10), Federal Way High School (GreatSchools Rating 3/10), Federal Way Public Academy (GreatSchools Rating 10/10).
According to the records, the last property tax for 2022 is $6,056 (source: MLS/based on county public records data).
The last sale was on August 9, 2007 for $355,950 (source: MLS/tax record).
The property at 31616 40th Ave SW has 4 bedrooms and 1 full and 1 half bathrooms.
The property 31616 40th Ave SW is 2,100 SqFt (source: MLS/tax record).
The year of construction for 31616 40th Ave SW is 1970.
This home is located at 31616 40th Ave SW in Federal Way, WA and zip code 98023 in the Twin Lakes neighborhood. This 2,100 square foot home, which was built in 1970, sits on a 0.19 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $649,950.
While more than 22 listings in Federal Way, WA in April 2025 were sold above asking price, there were more than 23 listings sold at asking price, and more than 22 were sold below. The number of homes for sale in Federal Way, WA increased by 7.2% between March and April 2025. In April 2025, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $600,036.
From Rocket Homes Real Estate and based on county public records data.