Listed by The Joseph Group
$275,000
$10K PRICE DROP

31500 33rd Place SW Unit B102 Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated payment $1,962/month

Total Views 2,614
1 Bed
1 Bath
730 Sq Ft
$377 Price per Sq Ft

Highlights

  • Fitness Center
  • Clubhouse
  • Secluded Lot
  • Gated Community
  • Property is near public transit
  • Territorial View

About This Home

Welcome to the Madera West Community! This Twin Lakes condo is gated and tucked away in the heart of Federal Way. Bottom unit with an open layout with tons of natural light. Spacious living room with a wood burning fireplace. Kitchen has been completely redone with new cabinetry and new SS appliances. Washer and Dryer in unit! Great sized bedroom with walk-in closet. Covered balcony backs up to a tranquil greenbelt, perfect place to enjoy your morning coffee. Community amenities include a clubhouse with game & exercise rooms, a relaxing jacuzzi, outdoor pool with grilling area, tennis & pickleball courts, playground, and even a community garden. HOA dues cover W/S/G. New paint, new flooring, new kitchen, new tub and much more prior to list!

Listing Agent

Nicholas Taitano

The Joseph Group License #21014172 Listed on: 08/28/2025

Co-Listing Agent

Lawton Coursey

The Joseph Group License #125304

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2426736

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,865

Year Built

  • Built in 1990

HOA Fees

  • $265 Monthly HOA Fees

Home Design

  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 730 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Location

  • Ground Level Unit
  • Property is near public transit
  • Property is near a bus stop

Utilities

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

Additional Features

  • Balcony
  • East Facing Home

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, lawn service, road maintenance, sewer, trash, water
  • 172 Units
  • Brandy Martin Association
  • Secondary HOA Phone (866) 473-2573
  • Madera West Condo
  • Twin Lakes Subdivision

Amenities

  • Community Garden
  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

  • Sport Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction
  • Dogs and Cats Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,865

Year Built

Built in 1990

Lot Details

0

HOA Fees

$265 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1990
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Madera West Condo
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 730
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 8
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Ground Floor,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2426736?w=Consumer&agent=119650
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Cooking-Electric, Dryer-Electric, Fireplace, Ground Floor, Walk-In Closet(s), Washer, Water Heater
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: Balcony
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Direction Faces: East
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Parking Features: Carport
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: 13

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate
  • 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
  • WaterHeaterLocation: Storage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Athletic Court, Club House, Exercise Room, Game/Rec Rm, Garden Space, Gated, Hot Tub, Playground, Pool
  • Senior Community: No
  • Association Fee: 265.01
  • Association Fee Frequency: Monthly
  • Phone: 866-473-2573
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subject to Restrictions
  • AssociationContactName: Brandy Martin
  • CoOp: false
  • CommonPropertyFeatures: Athletic Court,Clubhouse,Exercise Room,Game/Rec Rm,Garden Space,Gated Entry,Hot Tub,Playground,Pool-Outdoor,Security Gate

Fee Information

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

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5007900100
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 2865

Multi Family

  • Number Of Units In Community: 172
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Buyer To Verify

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 $2,865 $245,000 $32,900 $212,100
2023 $2,347 $251,000 $22,900 $228,100
2022 $2,250 $234,000 $21,500 $212,500
2021 $2,044 $195,000 $20,000 $175,000
2020 $1,907 $166,000 $20,000 $146,000
2018 $1,517 $118,000 $11,400 $106,600
2017 $1,263 $103,000 $11,400 $91,600
2016 $1,198 $85,000 $11,400 $73,600
2015 $971 $77,000 $11,400 $65,600
2014 -- $63,000 $11,400 $51,600
2013 -- $47,000 $11,400 $35,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 Price Changed $275,000 -3.5% $377 / Sq Ft
08/28/2025 08/28/25 For Sale $285,000 -- $390 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,950 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $27,190 Stand Alone Second
Open $108,750 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2426736

Northwest Multiple Listing Service (NWMLS)

APN: 500790-0100