Listed by Engel & Voelkers Seattle DT
$399,000
$26K PRICE DROP

1940 S 368th Place Federal Way, WA 98003

Enchanted Village Neighborhood

Estimated payment $2,772/month

Total Views 4,477
2 Beds
2.5 Baths
1,405 Sq Ft
$284 Price per Sq Ft

Highlights

  • Gated Community
  • Contemporary Architecture
  • Secluded Lot
  • Clubhouse
  • Property is near public transit
  • Territorial View

About This Home

Welcome to gated community Regency Ridge! This turnkey end-unit townhome offers comfort, privacy & exceptional value at the new price of $399K. The light-filled living & dining areas flow easily from the updated kitchen with white cabinets, granite counters, & stainless steel appliances. Enjoy the covered deck with greenbelt views or relax in the landscaped “secret garden.” Upstairs, the spacious primary bedroom features vaulted ceilings, plus a second bedroom & full bath. A rare 2nd deeded covered garage - on top of the attached garage provides 2 coveted covered parking spaces. Don't miss the community clubhouse for private events. Minutes from shopping, dining, freeways, and the new Federal Way Transit Center Station opening on 12/6/2025.

Listing Agent

Julie Fontanez-Laing

Engel & Voelkers Seattle DT License #105006 Listed on: 09/05/2025

Engel & Voelkers Seattle DT

Co-Listing Agent

Robert Laing

Engel & Voelkers Seattle DT License #27769

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2429256

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1995

Lot Details

  • 1,405 Sq Ft Lot
  • End Unit
  • Cul-De-Sac
  • Street terminates at a dead end
  • West Facing Home
  • Corner Lot
  • Sprinkler System
  • Private Yard

HOA Fees

  • $462 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 1,405 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Insulated Windows
  • Territorial Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Rainier View Elementary School
  • Sequoyah Mid Sch Middle School
  • Todd Beamer High School

Utilities

  • Forced Air Heating System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, lawn service, road maintenance, security
  • 60 Units
  • Total Property Management Association
  • Regency Ridge Condo
  • Enchanted Village Subdivision
  • Park Phone (253) 927-3076 | Manager Marie Miprano

Amenities

  • Community Garden
  • Clubhouse

Recreation

  • Trails

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,604

Year Built

Built in 1995

Lot Details

0

HOA Fees

$462 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 32 - Townhouse
  • Year Built: 1995
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Contemporary
  • Building Name: Regency Ridge Condo
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1405
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: true
  • DwellingType: Attached
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Primary Bath,Sprinkler System,Vaulted Ceilings,Walk-in Closet,Yard
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing_results/NWMLS/2429256, https://www.workforce-resource.com/dpr/listing/NWMLS/2429256?w=Consumer&agent=83977
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Engineered Hardwood, Laminate, Carpet
  • Interior Amenities: Dryer-Electric, End Unit, Fireplace, Insulated Windows, Primary Bathroom, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Washer, Water Heater
  • Main Level Bathrooms: 1
  • Stories: 2
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Direction Faces: West
  • Exterior Features: Metal/Vinyl, Wood
  • Structure Type: Townhouse
  • BusLineNearby: true
  • ViewFrom: Unit
  • BusRouteNumber: 402,501

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Individual Garage, Off Street
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate, Security Service
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • ApplianceHookups: Dryer-Electric,Washer
  • WaterHeaterLocation: Utility Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Cable TV, Club House, Garden Space, Gated, High Speed Int Avail, Trail(s)
  • Park Manager Name: Marie Miprano
  • Park Manager Phone: 253-927-3076
  • Senior Community: No
  • Association Fee: 462
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Subject to Restrictions
  • AssociationContactName: Total Property Management
  • CoOp: false
  • CommonPropertyFeatures: Cable TV,Clubhouse,Garden Space,Gated Entry,High Speed Int Avail,Security Gate,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Lawn Service, Road Maintenance, Security

Schools

  • Junior High Dist: Federal Way
  • High School: Todd Beamer High
  • Middle Or Junior School: Sequoyah Mid Sch

Lot Info

  • Parcel Number: 7212450220
  • Lot Size Acres: 0.0323
  • Lot Size Sq Ft: 1405
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Natural Gas

Rental Info

  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 2604

Multi Family

  • Number Of Units In Community: 60
  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Rainier View Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 Price Changed $399,000 -6.1% $284 / Sq Ft
09/05/2025 09/05/25 For Sale $425,000 -- $302 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2429256

Northwest Multiple Listing Service (NWMLS)
Washington King County Federal Way 98003 Enchanted Village

1940 S 368th Place, Federal Way, WA

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Julie Fontanez-Laing
Listing Agent
Julie Fontanez-Laing
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Engel & Voelkers Seattle DT
(206) 649-9975