704 S 314th Street Federal Way, WA $ 392,000
704 S 314th Street
$ 392,000
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704 S 314th Street

Federal Way, WA, 98003
$ 392,000
Bedrooms3 Baths1.1 Sq 1,150

Monthly Estimate*

$ 2,707

Listed by Petru Mihaluta, Windermere RE South Sound, Inc, 425-505-0595, petru@windermere.com
704 S 314th Street, Federal Way, WA 98003 - Image 1
704 S 314th Street, Federal Way, WA 98003 - Image 2
704 S 314th Street, Federal Way, WA 98003 - Image 3
704 S 314th Street, Federal Way, WA 98003 - Image 4
704 S 314th Street, Federal Way, WA 98003 - Image 5
704 S 314th Street, Federal Way, WA 98003 - Image 6
704 S 314th Street, Federal Way, WA 98003 - Image 7
704 S 314th Street, Federal Way, WA 98003 - Image 8
704 S 314th Street, Federal Way, WA 98003 - Image 9
704 S 314th Street, Federal Way, WA 98003 - Image 10
704 S 314th Street, Federal Way, WA 98003 - Image 11

Single Family Home for sale in Federal Way, WA

for $392,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,150 square foot home was built in 1950 on a lot size of 0.1914.

BIG CORNER LOT, NO HOA, AND INCREDIBLE POTENTIAL AT $392,000! Bring your vision to this 3-bedroom Federal Way rambler offering approximately 1,150 sq ft of single-level living on a generous 8,337 sq ft corner lot in the established Mirror Lake neighborhood. The functional floor plan includes a comfortable living room with attractive wood-look flooring, a kitchen with adjoining dining space, and a versatile bonus room perfect for a home office, hobbies, or additional living space. The home features a refreshed ¾ bath with a tiled walk-in shower, plus a convenient second half bath. Outside, enjoy an expansive yard with plenty of room for gardening, landscaping, outdoor activities, and future improvements, subject to applicable approvals. A covered carport, driveway parking, and additional storage add everyday convenience. Located directly across from Mirror Lake Elementary School, with convenient access to shopping, dining, and major commuter routes. This property offers a fantastic opportunity for a handy buyer ready to make improvements, personalize the home, and build value over time. The generous lot, flexible layout, and freedom of NO HOA offer exciting possibilities. Bring your ideas, imagine what this property could become, and schedule your private showing today!

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Single Family Active

Price

$ 392,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 4,076

Style

1 Story

Lot Size

0.1914

Year Built

1950

Town/City

Federal Way

County/Region

King

MLS | Web ID

2602192

Features
General
Living Area 1150
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Appliances Dryer Microwave Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Year Built 1950
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Building Name Mirror Lake East
County King
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Mirror Lake
Facing Direction South
Full Baths 0
Special Listing Conditions None
Status Active
Directions From Pacific Hwy S (SR 99) head west on S 312th St. Turn south onto 7th Ave S. Property is at the corner of 7th Ave S and S 314th St across from Mirror Lake Elementary.
High School Federal Way Snr High
City Federal Way
Senior Community Y/N N
High School District Federal Way
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 8337
Carport Y/N Y
Listing Terms Cash Conventional Rehab Loan
Elementary School Mirror Lake Elem
Land Lease Y/N N
Tax Annual Amount 4076
Middle/Junior High School Sacajawea Jnr High
Property Condition Good
Public Remarks BIG CORNER LOT NO HOA AND INCREDIBLE POTENTIAL AT $392 000! Bring your vision to this 3-bedroom Federal Way rambler offering approximately 1 150 sq ft of single-level living on a generous 8 337 sq ft
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Lakehaven Water and Sewer District
Property Style 10 - 1 Story
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Exterior
Exterior Amenities Wood Products
Parking Features Attached Carport Driveway
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 2
Inclusions Dryer(s) Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Pillar/Post/Pier
Building Area Total 1150
Lot Size Acres 0.1914
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Lot Number 16
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
3/4 Baths 1
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 2
Power Production Type Electric Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 1
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 1
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1.25
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Internal Only
OriginalMLSID NWM2602192
Street Number 1 704
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* Excluded Features
List By
Petru Mihaluta

Listing Agent

Windermere Re South Sound, Inc

Broker

petru@windermere.com

Email

Affordability Calculator

$3,047
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,707
Monthly Property Taxes
$340
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3626686 Elementary School
257143 Middle School
Federal Way Snr High High School
Pricing History
DatePricePrice ChangeDescription
11/9/2026$392,000 Listed Price

Map


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704 S 314th Street, Federal Way, WA, 98003 is a Single Family Home for sale at $392,000 with 1,150 sqft and a lot size of 0.1914. 704 S 314th Street has 3 bedrooms, 1.1 baths, and was built in 1950. The property's zip code is 98003 which is in Federal Way, WA