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Listing courtesy of NWMLS / COMPASS

31616 40th Avenue SW

Federal Way, WA 98023

4 beds
3 baths
2,100 sqft
8,240 sqft lot
$309 per sqft
1970 build

Explore this cottage that combines privacy, elegance, and sophistication! This stunning two-story residence is situated in the sought-after Twin Lakes neighborhood. Generous spaces and designer details, such as fresh paint, wainscoting, and crown molding, are present throughout. The modern kitchen features white cabinetry, a wall oven, and a cozy breakfast nook. There are also formal living and dining rooms. The family room highlights a masonry fireplace and open beams. The spacious master suite boasts a three-quarter bath with heated floors and dual closets. Enhanced by double-hung windows, ample storage, and copper gutters, the property is a gem. Delight in the beautifully landscaped private yard, which is fully fenced.

Listing courtesy of NWMLS / COMPASS

Last checked: Checking… • Last updated May 4, 2025 •

MLS# 2367322 —

The Building

Year Built:

1970
New Construction:

false
Building Information:

Built On Lot
Structure Type:

House
Roof:

Composition
Entry Location:

Main
Foundation Details:

Poured Concrete
Basement:

None
Exterior Features:

Stone, Wood
Levels:

Two
Building Area Total:

2100
Building Area Units:

Square Feet
Calculated SqFt:

2100
SqFt Source:

Realist
Construction Materials:

Stone, Wood
Direction Faces:

West

Interior

Interior Features:

Bath Off Primary, Ceramic Tile, Dining Room, Fireplace, Security System, Water Heater
Living Area:

2100
Flooring:

Ceramic Tile, Engineered Hardwood, Carpet
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Gas
Main Level Fireplace:

1
Finished SqFt:

2100

Financial & Terms

Possession:

Closing

Location

Latitude:

47.318193
Longitude:

-122.383945
Directions:

GPS

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Very Good
Parcel Number:

8731982100
Lot Features:

Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.1892
Lot Size SqFt:

8240
Lot Size Source:

Realist
Land Lease:

false
View:

false
Waterfront:

false
Topography:

Level
Vegetation:

Fruit Trees, Garden Space, Wooded
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6215

Beds

Bedrooms Total:

4
Bedrooms Possible:

4
Bedrooms Upper Level:

4

Baths

Total Baths:

3
Baths:

2.25
Full Baths:

1
Three Quarter Baths:

1
Half Baths:

1
Main Level Bathrooms:

1
Main Half Baths:

1
Upper Level Full Baths:

1
Upper Level Three Quarter Baths:

1
# of Bathtubs:

1

The Listing

Special Listing Conditions:

None
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Forced Air, Heat Pump

Utilities

Water Company:

Tpu
Water Heater Location:

Garage
Water Heater Type:

Gas
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

Lakehaven
Power Company:

Puget Sound Energy

Appliances

Appliances:

Dishwasher(s), Disposal, Double Oven, Refrigerator(s), Stove(s)/Range(s)
Appliances Included:

Dishwasher(s),Double Oven,Garbage Disposal,Refrigerator(s),Stove(s)/Range(s)

Schools

Elementary School:

Twin Lakes Elem
Middle Or Junior School:

Lakota Mid Sch
High School:

Decatur High
High School District:

Federal Way

The Community

Subdivision Name:

Federal Way
Community Features:

CCRs, Golf, Park
Senior Community:

false
Bus Line Nearby:

true
Bus Route Number:

187
Association Fee:

111
Association Fee Frequency:

Quarterly
Association Contact Name:

Gayle C Duff
Association:

true

Parking

Parking Total:

2
Parking Features:

Attached Garage
Open Parking:

false
Garage:

true
Garage Spaces:

2
Attached Garage:

true
Carport:

false
Covered Spaces:

2

Listing courtesy of NWMLS / COMPASS

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Mon May 05 2025 07:48 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Monthly cost estimate

Asking price

$649,950

Expense	Monthly cost
Mortgage	$3,480
Taxes	$517
Insurance	$178
HOA fees	$37
Utilities	$128 See report
Total	$4,340/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
5/4/25 May 4, 2025	Pending	NWMLS	$649,950
5/1/25 May 1, 2025	Listed / Active	NWMLS	$649,950	82.6% (4.7% / YR)
8/7/07 Aug 7, 2007		NWMLS	$355,950	5.6% (3.3% / YR)

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This house located in Federal Way, WA 98023 is currently pending sale for $649,950. 31616 40th Avenue SW is a 2,100 square foot house with 4 beds and 3 baths. This house is in the attendance area of Twin Lakes Elementary School, Decatur High School, and Lakota Middle School.

Listing courtesy of NWMLS / COMPASS

Disclaimer: The information contained in this listing has not been verified by COMPASS and should be verified by the buyer.