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$550,000

37226 1st Ave SW Federal Way, WA 98023

2 beds
1 full
940 sqft
0.8 acres
$585 / sqft
House

Property details

About 37226 1st Ave SW

Enjoy the perfect blend of privacy and convenience in this beautifully remodeled home on a large, peaceful, fully fenced lot with an automatic gate. The bonus 300sqft finished studio is perfect for guests, a home office or extra living. This home features a gorgeous kitchen with granite counters, open living/dining space, and stylish updates throughout. Relax on the covered porch and take advantage of the huge backyard, fire pit, fruit trees and RV/boat parking. Just minutes to shopping and freeway access. This gem is a must see! Assumable 2.25% VA loan available for qualified buyers.

Highlights

HeatingBaseboard
StatusActive
Size940 sqft
Lot size0.7576 Acres
Year built1943
ParkingDriveway, Attached Garage, RV Parking
MLS #2412656
Attached garage1 space

Summary

  • Full Bathrooms: 1
  • Basement: No
  • Flooring Type: Laminate, Carpet
  • Interior: Double Pane/Storm Window, Dining Room, Water Heater
  • Total Bedroom Count: 2
  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Driveway, Attached Garage, RV Parking
  • Exterior: Wood Products
  • Heating: Baseboard
  • Cooling: None
  • List Price: $550,000
  • Price/SqFt: $585
  • HOA Amount: $0
  • Annual Tax Amount: $4,581
  • Tax Year: 2022
  • Lot: Dead End Street, Secluded
  • Directions: Heading North on Pacific Hwy S, take a left on SW 374th St, take right on 1st Ave SW, Property will be located on your right.
  • Year Built: 1943
  • Living Area: 940 SqFt
  • Lot Size: 0.7576 Acres
  • MLS Number: 2412656
  • MLS Name: NWMLS
  • Office Name: Keller Williams Greater 360
  • Office Phone: (360) 347-6600
  • Listing Agent: Samantha Huntley

IDX 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.

DMCA Notice

IDX 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.

DMCA Notice

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: 7/31/2025, 12:32:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Dec 24, 2019
Home Sold
$350,000
Aug 11, 2017
Home Sold
$156,000
May 17, 1996
Home Sold
$105,000
Jun 26, 1992
Home Sold
$74,500
Aug 15, 1988
Home Sold
$60,000

Tax history

YearAssessmentProperty Tax
2022$462,000$4,581
2021$370,000$4,231
2020$330,000$4,017
2018$131,000$1,583
2017$188,000$2,725

History based on county public records data.

Nearby schools

4

Enterprise Elementary School

Public District KG-5

1.4 mi

35101 5th Ave SW

4

Panther Lake Elementary School

Public District KG-5

1.8 mi

34424 1st Ave S

5

Sherwood Forest Elementary School

Public District KG-5

1.8 mi

34600 12th Ave SW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $88,614. Residents of Federal Way, WA typically earn between $35k-100k each year. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

20%
<35k
38%
35k-100k
37%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

26%
Single, No Kids
9%
Single, with Kids
31%
Married, No Kids
34%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
10%
12-17 yrs old
20%
18-34 yrs old
45%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Symphony or OperaSymphony or Opera
  • TennisTennis
  • Minor League Baseball GamesMinor League Baseball Games

Where do the neighbors shop?

  • Chico'sChico's
  • IKEAIKEA
  • New York & CompanyNew York & Company

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • ChipotleChipotle
  • Chick-fil-AChick-fil-A

What do the neighbors drive?

  • VolvoVolvo
  • JeepJeep
  • KiaKia

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • AlternativeAlternative
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Federal Way, WA

Transportation options in Federal Way include a network of bus routes that connect residents to nearby cities and local destinations. The area is also served by major highways, making it convenient for car travel. While some neighborhoods are more walkable than others, the city is continually improving its infrastructure to enhance pedestrian and cyclist safety and convenience.

The city is served by a robust educational system, with numerous public and private schools catering to all age groups. Healthcare services are readily available, with several clinics and a regional hospital providing comprehensive care. Retail and dining options are plentiful, offering both local and international cuisine, reflecting the diverse population of Federal Way.

Federal Way is known for its vibrant community spirit and natural beauty. The city prides itself on its well-maintained parks and recreational areas, including the popular Dash Point State Park. Residents enjoy a variety of annual events that showcase the city's cultural diversity and foster a sense of community.

Federal Way offers a diverse housing market with a mix of single-family homes, apartments, and townhouses. The architectural styles vary, with a prevalence of contemporary and craftsman designs. Single-family homes are the most common, reflecting the area's family-friendly atmosphere. The housing market is dynamic, with a range of options to accommodate different budgets and lifestyles.

About 37226 1st Ave SW

The listing price of 37226 1st Ave SW property is $550,000.

The property 37226 1st Ave SW is a house located in Federal Way, Washington, 98023.

Active Listing: 37226 1st Ave SW is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 37226 1st Ave SW are: Enterprise Elementary School (GreatSchools Rating 4/10), Panther Lake Elementary School (GreatSchools Rating 4/10), Sherwood Forest Elementary School (GreatSchools Rating 5/10), Illahee Middle School (GreatSchools Rating 2/10), Surprise Lake Middle School (GreatSchools Rating 3/10), TAF Academy at Saghalie (GreatSchools Rating 2/10), Todd Beamer High School (GreatSchools Rating 2/10), Federal Way Public Academy (GreatSchools Rating 10/10), Fife Open Doors (GreatSchools Rating 2/10).

According to the records, the last property tax for 2022 is $4,581 (source: MLS/based on county public records data).

The last sale was on December 24, 2019 for $350,000 (source: MLS/tax record).

The property at 37226 1st Ave SW has 2 bedrooms and 1 bathroom.

The property 37226 1st Ave SW is 940 SqFt (source: MLS/tax record).

The year of construction for 37226 1st Ave SW is 1943.

This home is located at 37226 1st Ave SW in Federal Way, WA and zip code 98023. This 940 square foot home, which was built in 1943, sits on a 0.76 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 25, 2025 and is currently priced at $550,000.

Over 27 listings were sold over their listed price in June 2025 in Federal Way, WA. In the same period over 25 listings were sold below the listed price and 30 listings were sold for the listed price. The number of homes for sale in Federal Way, WA increased by 10.8% between May and June 2025. In June 2025, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $599,995.

From Rocket Homes Real Estate and based on county public records data.

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