NOT LISTED FOR SALE

33418 40th Ave SW Federal Way, WA 98023

Twin Lakes Neighborhood

Estimated Value: $552,000 - $604,998

3 Beds
2.5 Baths
1,370 Sq Ft
$416/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $595,000 $434 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,426/month

5 Days on Market

Highlights

  • RV Access or Parking
  • Property is near public transit
  • Traditional Architecture
  • Fireplace in Primary Bedroom
  • Territorial View
  • 4-minute walk to Wedgewood Park

About This Home

As of May 2023

Nestled back from the street is this lovely home that has been in the same family for over 35 yrs. It’s available for the 1st time in decades. Featuring nearly a 1/3-acre lot, the serene backyard is a private & fully fenced oasis. A new roof with transferable warranty gives you peace of mind. The updated kitchen features brand new, stainless-steel GE Appliances for worry-free ownership. The primary bedroom has an en-suite bathroom for added privacy. Updated bathrooms features impermeable LVP flooring. Brand new carpet throughout will make you feel at home. The lower rec room can be used for 2nd living room, office or 4th bedroom. No HOA. This Pre-Inspected home is a rare combination of affordability & tranquility. Don't let it slip away!

Last Agent to Sell the Property

Michelle Beckman

Keller Williams Seattle Metro License #131384 Listed on: 05/03/2023

Keller Williams Seattle Metro

Last Buyer's Agent

Michelle Wheaton

KW Mountains to Sound Realty License #22007710

KW Mountains to Sound Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2059545

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 22'x131'x129'x102'x130'x18'
  • Northwest Facing Home
  • Property is Fully Fenced
  • Level Lot
  • Garden
  • Property is in average condition
  • Zoning described as RS7.2

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Home Design

  • Traditional Architecture
  • 3-Story Property
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 1,370 Sq Ft Home
  • Wood Burning Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows
  • Finished Basement

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Schools

  • Brigadoon Elementary School
  • Sequoyah Mid Sch Middle School
  • Decatur High School

Utilities

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

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Twin Lakes Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,275

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 13 - Tri-Level
  • Year Built: 1979
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: High Point Park Div 01
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1370
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2059545?w=Consumer&agent=115740
  • Special Features: None
  • Cumulative Days on Market: 676

Interior Features

  • Fireplaces: 1
  • Basement: Finished
  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace (Primary Bedroom), Fireplace, Water Heater
  • Living Area: 1370
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1370
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 1
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: Northwest
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: No

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Water Haven
  • WaterCompany: Water Haven
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Gas
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 3279000320
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.3053
  • Lot Size: 22'x131'x129'x102'x130'x18'
  • Lot Size Sq Ft: 13300
  • Zoning Description: RS7.2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: King County Records
  • MLSSquareFootageSource: King County Records
  • ZoningJurisdiction: City
  • LotNumber: 32

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4275
  • AdditionalTaxIds: 327900-0320

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Brigadoon Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
May 26, 2023
Sold by
Langston James R and Langston Lillian
Bought by
Canada Romeo and Enciso-Castillo Erika
Seller's Agent
Michelle Beckman
Keller Williams Seattle Metro
Buyer's Agent
Michelle Wheaton
KW Mountains to Sound Realty
List Price
$549,950
Sold Price
$595,000
Premium/Discount to List
$45,050
8.19%
Total Days on Market
5
Views
48
Current Estimated Value
$570,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,500
Avg. Annual Appreciation
-2.07%
Original Mortgage
$565,250
Outstanding Balance
$553,100
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$17,400

Purchase Details

Closed on
May 6, 1987
Sold by
Hottle Ridge B and Hottle Linda S
Bought by
Langston James R and Langston Lillian
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Canada Romeo $595,000 Fidelity National Title
Langston James R $71,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canada Romeo $565,250
Previous Owner Lansston James R $89,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $595,000 +8.2% $434 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $549,950 -- $401 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $4,781 $473,000 $167,000 $306,000
2023 $4,743 $429,000 $151,000 $278,000
2022 $4,275 $466,000 $138,000 $328,000
2021 $3,468 $374,000 $110,000 $264,000
2020 $3,284 $283,000 $90,000 $193,000
2018 $3,283 $261,000 $72,000 $189,000
2017 $2,972 $228,000 $66,000 $162,000
2016 $2,894 $206,000 $60,000 $146,000
2015 $2,682 $192,000 $58,000 $134,000
2014 -- $182,000 $58,000 $124,000
2013 -- $162,000 $73,000 $89,000
Source: Public Records

Agents Affiliated with this Home

  • Michelle Beckman

    Seller's Agent in 2023

    Michelle Beckman

    Keller Williams Downtown Seattle

    (206) 353-3383

    1 in this area

    96 Total Sales

    Michelle Beckman
    Section Image
  • Michelle Wheaton

    Buyer's Agent in 2023

    Michelle Wheaton

    KW Mountains to Sound Realty

    (626) 482-1566

    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2059545

Northwest Multiple Listing Service (NWMLS)

APN: 327900-0320

Washington King County Federal Way 98023 Twin Lakes

33418 40th Ave SW, Federal Way, WA

This home is located at 33418 40th Ave SW, Federal Way, WA 98023 since 03 May 2023 and is currently estimated at $570,500, approximately $416 per square foot. This property was built in 1979. 33418 40th Ave SW is a home located in King County with nearby schools including Brigadoon Elementary School, Saghalie Middle School, and Decatur High School.

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) 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. ©2025 NWMLS.

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