Listed by Skyline Properties, Inc.
$649,950
$50K PRICE DROP

32522 42nd Place SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated payment $4,055/month

Total Views 17,101
3 Beds
3 Baths
1,940 Sq Ft
$335 Price per Sq Ft

Highlights

  • Lake View
  • Property is near public transit
  • Wood Flooring
  • Wood Burning Stove
  • Vaulted Ceiling
  • 2 Fireplaces

About This Home

Exceptionally well-maintained one-owner tri-level in highly desirable Twin Lakes Golf & Country Club community! Beautifully landscaped, 3 bed, 2.75 bath, 1,940 sq. ft. home features a fully remodeled kitchen & bathrooms, high-efficiency Lennox furnace & Rinnai tankless water heater. Enjoy Solatube skylights, California closets, gas fireplace, wood-burning stove, and serene territorial views of Lake Lorene. Upgrades include newer windows, entry doors, upgraded electrical panel w/ whole house surge protection & generator transfer switch. Huge 1,000 sf high-clearance clean dry crawl space offers exceptional storage or potential to expand living space. Garage includes overhead storage. One block from private park and paved walking path.

Listing Agent

Mike Boldes

Skyline Properties, Inc. License #138733 Listed on: 05/18/2025

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2373874

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,728

Year Built

  • Built in 1980

Lot Details

  • 10,640 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Corner Lot
  • Terraced Lot
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $37 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Lake
  • Territorial

Home Design

  • 3-Story Property
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,940 Sq Ft Home
  • Vaulted Ceiling
  • Skylights
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Schools

  • Green Gables Elementary School
  • Lakota Mid Sch Middle School
  • Decatur High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Twin Lakes HOA
  • Secondary HOA Phone (253) 838-0464
  • Built by Standard Pacific
  • Twin Lakes Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,728

Year Built

Built in 1980

Lot Details

0

HOA Fees

$37 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 13 - Tri-Level
  • Year Built: 1980
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Twin lakes 07
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1940
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2373874?w=Consumer&agent=14127
  • Special Features: None
  • Cumulative Days on Market: 102

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas, See Remarks, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
  • Living Area: 1940
  • Bathrooms: 2.75
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1940
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Builder Name: Standard Pacific
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security Service
  • Cooling: None
  • Cooling Y N: No
  • Heating: 90%+ High Efficiency, Forced Air, Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: TPU
  • WaterHeaterLocation: Crawl Space
  • WaterHeaterType: Tankless Gas
  • CableConnected: Dish/Comcast
  • InternetConnected: Dish/Comcast

Condo/Co-op/Association

  • Community Features: CCRs, Park, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 37
  • Association Fee Frequency: Monthly
  • Phone: 253-838-0464
  • Association: Yes
  • AssociationContactName: Twin lakes HOA

Schools

  • Junior High Dist: Federal Way
  • High School: Decatur High
  • Middle Or Junior School: Lakota Mid Sch

Lot Info

  • Parcel Number: 8732010590
  • Topography: Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.2443
  • Lot Size Sq Ft: 10640
  • Zoning: SFR
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Owner
  • ZoningJurisdiction: County
  • LotNumber: 59

Green Features

  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5728

Multi Family

  • EnergySource: Electric,Natural Gas,Wood

MLS Schools

  • Elementary School: Green Gables 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 $5,773 $576,000 $224,000 $352,000
2023 $5,581 $522,000 $202,000 $320,000
2022 $5,164 $567,000 $184,000 $383,000
2021 $4,790 $455,000 $147,000 $308,000
2020 $4,544 $396,000 $128,000 $268,000
2018 $4,885 $394,000 $102,000 $292,000
2017 $4,420 $343,000 $93,000 $250,000
2016 $4,291 $310,000 $85,000 $225,000
2015 $3,974 $288,000 $81,000 $207,000
2014 -- $273,000 $81,000 $192,000
2013 -- $205,000 $89,000 $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $649,950 -4.4% $335 / Sq Ft
06/13/2025 06/13/25 Price Changed $680,000 -2.9% $351 / Sq Ft
05/18/2025 05/18/25 For Sale $700,000 -- $361 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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See All Homes in Federal Way

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2373874

Northwest Multiple Listing Service (NWMLS)

APN: 873201-0590

Washington King County Federal Way 98023 Twin Lakes

32522 42nd Place SW, Federal Way, WA

This home is located at 32522 42nd Place SW, Federal Way, WA 98023 and is currently priced at $649,950, approximately $335 per square foot. This property was built in 1980. 32522 42nd Place SW is a home located in King County with nearby schools including Green Gables Elementary School, Lakota Middle School, and Decatur High School.

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Based on information submitted to the MLS GRID

Nearby Homes
Mike Boldes
Listing Agent
Mike Boldes
Section Image
Skyline Properties, Inc.
(206) 888-4253