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JRJeff ReynoldsCompass · Seattle
This home is no longer on the market (sold). The details below are kept for reference. See homes currently for sale in Federal Way.

131 S 324th Place, Federal Way, WA 98003

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Sold

Listed by Mika Praven, COMPASS · Buyer brokerage: RE/MAX Integrity

Sold6 days on market

$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
Ask Jeff

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

Source: NWMLS listing
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

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Directions

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

  1. Listed

    $350,000

    May 14, 2026

  2. 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.

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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.