Listed by Berkshire Hathaway HS NW
$340,000

Estimated payment $2,511/month

Total Views 4,005
3 Beds
2.5 Baths
1,128 Sq Ft
$301 Price per Sq Ft

Highlights

  • Property is near public transit
  • Sport Court
  • Bathroom on Main Level
  • Vaulted Ceiling
  • Balcony
  • Ceramic Tile Flooring

About This Home

Attention Landlords! Well-maintained 3 bed, 2.5 bath condo in desirable Federal Way with a reliable tenant already in place! Spacious kitchen & a comfortable living area, the private patio opens to a great yard space for BBQs & hangouts. In-unit washer/dryer for added convenience. Upstairs boasts the primary suite, 2 more beds & a full bath. Includes 1 designated covered parking spot. Prime location near public transit, shopping, and major commuter routes. If driving, 30 min to Seattle and 15 min to Tacoma. Light Rail repair depot coming soon a few blocks away, bringing new jobs/renters to the neighborhood! HOA covers W/S/G, Windows, annual Chimney cleaning, & all exterior landscaping. Low-maintenance investment in a growing rental market!

Listing Agent

Jon Wind

Berkshire Hathaway HS NW License #118349 Listed on: 08/08/2025

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2418825

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,664

Year Built

  • Built in 1990

HOA Fees

  • $403 Monthly HOA Fees

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 1,128 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Insulated Windows

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Outdoor Features

  • Balcony

Location

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

Schools

  • Panther Lake Elementary School
  • Sequoyah Mid Sch Middle School
  • Todd Beamer High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, lawn service, road maintenance, sewer, trash, water
  • 96 Units
  • HOA Community Solutions Association
  • Secondary HOA Phone (253) 987-7710
  • Forest Lane Condos
  • Federal Way Subdivision
  • Park Phone (253) 987-7710 | Manager HOA Community Solutions

Recreation

  • Sport Court

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,664

Year Built

Built in 1990

Lot Details

0

HOA Fees

$403 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 32 - Townhouse
  • Year Built: 1990
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Forest Lane Condos
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1128
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Vaulted Ceilings
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2418825?w=Consumer&agent=102173
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Vaulted Ceiling(s), Washer
  • Main Level Bathrooms: 1
  • Stories: 2
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • FloorNumberOfUnit: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Stove(s)/Range(s),Washer(s)
  • StorageLocation: Back Patio
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Exterior Features: Metal/Vinyl, Wood Products
  • Structure Type: Townhouse
  • BusLineNearby: true
  • BusRouteNumber: 501, 500, 182, 402

Garage/Parking

  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Parking Features: Carport
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 12

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • PowerCompany: PSE
  • SewerCompany: HOA
  • WaterCompany: HOA

Condo/Co-op/Association

  • Community Features: Athletic Court, Outside Entry
  • Park Manager Name: HOA Community Solutions
  • Park Manager Phone: 253-987-7710
  • Senior Community: No
  • Association Fee: 403
  • Association Fee Frequency: Monthly
  • Phone: 253-987-7710
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK
  • AssociationContactName: HOA Community Solutions
  • CoOp: false
  • CommonPropertyFeatures: Athletic Court,Outside Entry

Fee Information

  • Association Fee Includes: Common Area Maintenance, Lawn Service, Road Maintenance, Sewer, Trash, Water

Schools

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

Lot Info

  • Parcel Number: 2596200060
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: County Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Wood

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 3664

Multi Family

  • Number Of Units In Community: 96
  • Total Actual Rent: 2200
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Panther Lake 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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,664 $325,000 $30,700 $294,300
2023 $3,105 $346,000 $23,200 $322,800
2022 $2,794 $318,000 $22,300 $295,700
2021 $2,722 $248,000 $18,600 $229,400
2020 $2,542 $227,000 $18,600 $208,400
2018 $2,398 $184,000 $18,600 $165,400
2017 $1,783 $169,000 $14,900 $154,100
2016 $1,568 $125,000 $14,900 $110,100
2015 $1,303 $105,000 $14,900 $90,100
2014 -- $89,000 $14,900 $74,100
2013 -- $66,000 $14,900 $51,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $340,000 +115.2% $301 / Sq Ft
08/19/2016 08/19/16 Sold $158,000 +5.4% $140 / Sq Ft
07/06/2016 07/06/16 Pending -- -- --
06/28/2016 06/28/16 For Sale $149,950 -- $133 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $158,000 Chicago Title
Warranty Deed $57,750 Fidelity Natio
Warranty Deed $69,750 None Available
Warranty Deed $191,000 First American
Warranty Deed $140,000 Stewart Title
Warranty Deed $110,500 Evergreen Title Company Inc
Warranty Deed $79,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,260 No Value Available
Previous Owner $191,000 No Value Available
Previous Owner $140,000 No Value Available
Previous Owner $43,950 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2418825

Northwest Multiple Listing Service (NWMLS)

APN: 259620-0060