$1,030,000
SOLD AUG 6, 2025

36515 3rd Ave SW Unit 5 Federal Way, WA 98023

4 Beds
3 Baths
2,931 Sq Ft
0.42 Acres

Recently Sold

$351 Per Sq Ft

4% Above List Price

36 Days on Market

Highlights

  • Under Construction
  • Contemporary Architecture
  • Corner Lot
  • Mountain View
  • Property is near public transit
  • Walk-In Pantry

About This Home

As of August 2025

This brand-new, contemporary, energy efficient home By Ichijo USA is 2,931 sq ft and features 4 beds/2.75 baths, a covered patio, 2 car garage, and a 2nd floor balcony with spectacular Mt Rainier views, all on an 18,180 sq ft estate-sized homesite! Main-floor bedroom is adjacent to 3/4 bath. Upstairs is the spacious family room, 2 more bedrooms and a huge primary suite with a walk-in closet and a 5-piece bathroom! Only minutes away from I-5, grocery stores, dining, and schools. 15k buyer incentive with use of Preferred Lender! (Expires 5/31/2025) If represented by a broker, broker must accompany & register at 1st visit See Site Registration Policy 4772.

Last Agent to Sell the Property

Kyle Summers

James & Associates R.E. Inc. License #2100594 Listed on: 04/10/2025

Last Buyer's Agent

Kyle Summers

James & Associates R.E. Inc. License #2100594 Listed on: 04/10/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2358539

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,384

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 0.42 Acre Lot
  • South Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Sloped Lot
  • Sprinkler System

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,931 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Vinyl Plank Flooring

Kitchen

  • Walk-In Pantry
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Location

  • Property is near public transit

Utilities

  • Forced Air Cooling System
  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Heat Pump System
  • Water Heater

Community Details

  • Management Trust Association
  • Federal Way Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,384

Year Built

Built in 2025 | Under Construction

Lot Details

0

HOA Fees

$108 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 2025
  • Inclusions: Dishwasher(s),Garbage Disposal,Microwave(s),Stove(s)/Range(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Montevista
  • Unit Levels: Two
  • New Construction: Yes
  • CalculatedSquareFootage: 2931
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • EstimatedCompletionDate: 2025-04-01
  • NewConstruction: Under Construction
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2358539?w=Consumer&agent=132729
  • Special Features: NewHome
  • Cumulative Days on Market: 39

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Disposal, Microwave(s), Stove(s)/Range(s)
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Flooring: Vinyl Plank
  • Interior Amenities: Fireplace, Sprinkler System, Walk-In Closet(s), Walk-In Pantry, Water Heater
  • Living Area: 2931
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bathrooms: 2.75
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2931
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Garbage Disposal,Microwave(s),Stove(s)/Range(s)

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Direction Faces: South
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: House
  • BusLineNearby: true
  • BusRouteNumber: 500

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Forced Air, High Efficiency (Unspecified)
  • Cooling Y N: Yes
  • Heating: Heat Pump, High Efficiency (Unspecified)
  • Heating Yn: Yes
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Hybrid Electric Heat Pump

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 108
  • Association Fee Frequency: Monthly
  • Association: Yes
  • AssociationContactName: Management Trust

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 3021049195
  • Topography: Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.4174
  • Lot Size: 18,180 Sq Ft
  • Lot Size Sq Ft: 18180
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Sprinkler System
  • MLSLotSizeSource: Builder Plans
  • MLSSquareFootageSource: Builder Plans
  • ZoningJurisdiction: City
  • LotNumber: 5

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2025
  • Tax Annual Amount: 14384

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

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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

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Sold $1,030,000 +4.0% $351 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $989,990 -- $338 / 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 $6,213 $617,000 $163,000 $454,000
2023 $1,308 $123,000 $123,000 --
2022 $374 $39,300 $39,300 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2358539

Northwest Multiple Listing Service (NWMLS)

APN: 302104-9195