131 S 324th Place, Federal Way, WA 98003
Listed by Mika Praven, COMPASS · Buyer brokerage: RE/MAX Integrity
$350,000
$282 per sq ft
131 S 324th Place, Federal Way, WA 98003
Federal Way, WA, 98003
- Beds
- 2
- Baths
- 2
- Sq ft
- 1,241
- Floor
- 1
- Built
- 1978
- Parking
- Individual Garage, Off Street
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- 2
- Bedrooms
- 2
- Bathrooms
- 1,241
- Square feet
- $282
- Per sq ft
- Condominium
- Type
- 1978
- Year built
- 6
- Days on market
Condo decision snapshot
The details buyers ask about first
- Monthly HOA
- $497 monthly
- Dues include
- Cable TV, Common Area Maintenance, Lawn Service, Road Maintenance, Sewer, Water
- Parking
- Individual Garage, Off Street
- Building
- Colonial Forest
- Unit / floor
- Floor 1
- Price per sq ft
- $282
HOA dues are only the starting point. Jeff can help you review reserves, insurance, assessments, rental rules, and the resale certificate before you commit.
About this property
Welcome home to this beautifully kept 2-bedroom, 1.75 bath townhome that lives like a single-family home. A quiet end unit in the desirable, gated Colonial Forest community - this home offers peaceful surroundings away from the main street, while still being just minutes from shopping, dining, parks, and major commuter routes. Enjoy having all of your main living space on one level, with the bonus of a finished room downstairs, already plumbed and full of possibilities. It’s perfect for a home office, guest space, hobby room, or …… The HUGE garage offers tandem parking for 2 cars plus abundant room for storage, workshop space, or outdoor tools and gear. In addition to your garage space, there are also 2 designated parking spots outside the garage, as well as ample curbside parking along the street. Main floor includes 2 bedrooms - each with a walk-in closet, 2 baths, a bright kitchen with a gas range, and a spacious living room. Step outside to two large private decks where you can relax and enjoy the lush, beautiful gardens. Have a green thumb? You can choose to nurture your garden space yourself or simply let the groundskeepers maintain it and just enjoy the view. **Pre-Inspection has already been completed. This home qualifies for a $10,000 down payment grant...plus up to $5,000 toward closing costs. The condo community is FHA and VA approved.
More in this building
Compare price, layout, and position before you decide on this unit.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2518575
- Listed
- May 14, 2026
- Days on market
- 6
- Price per sq ft
- $282
- Sold price
- $350,000
- Sold
- June 26, 2026
Unit & building
- Floor
- 1
- Building
- Colonial Forest
- Stories in building
- 1
- Unit levels
- One
- Units in building
- 155
Homeowners association
- HOA dues
- $497 monthly
- Dues include
- Cable TVCommon Area MaintenanceLawn ServiceRoad MaintenanceSewerWater
Parking
- Parking
- Individual GarageOff Street
- Covered spaces
- 2
- Total spaces
- 4
Views
- View
- Territorial
- View from
- Unit
Construction
- Year built
- 1978
- Style
- 30 - Condo (1 Level)
- Structure
- Condominium
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- None
- Energy source
- ElectricNatural Gas
Interior features
- Features
- Cooking-GasEnd UnitFireplaceGround FloorInsulated WindowsPrimary BathroomSprinkler SystemWalk-In Closet(s)Water Heater
- Fireplaces
- 1
- Fireplace type
- Wood Burning
Flooring
- Flooring
- Ceramic TileLaminateCarpet
Appliances
- Appliances
- DishwasherDisposalDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
Community & building features
- Features
- Cable TVGarden SpaceGatedHigh Speed Int AvailOutside Entry
Lot
- Lot features
- CurbsPavedSidewalk
Terms
- Terms offered
- CashConventionalFHAVA Loan
Utilities
- Water
- Covered by HOA
- Sewer
- Covered by HOA
- Power
- Puget Sound Energy
Schools
- District
- Federal Way
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
Listing history
Listed
$350,000
May 14, 2026
Sold
$350,000
June 26, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$2,535
- Principal & interest
- $1,770
- Property tax (est.)
- $268
- HOA dues
- $497
Assumes $70,000 down (20%), a $280,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Based on information submitted to the MLS GRID as of July 23, 2026 at 2:00 AM PDT. 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.

