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2511 SW 347th Street, Federal Way, WA 98023

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For Sale

$950,000

4 beds • 2 baths • 1 half baths • 2,540 sqft

Estimated Payment

$ 4,934 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $374.02
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Attention developers and investors! First time on the market and so much potential. The layout and style of this home is unlike any home in the area. The exterior welcomes you with arched windows and wrought iron grills, stucco and a tile roof emanating a Spanish feel. You will be amazed at the storage in this home! Upon entering, you'll find a sunken living room with a gorgeous brick fireplace. Up a couple of steps, you'll find the kitchen with eat-in space and dining room. Down a couple of steps is the finished basement area with a half-bath plus more! Upon entering and going up a few steps, you'll find 3 bedrooms and a full bath as well as the primary suite. Lot size is 3.8 acres and zoned RS7.2 with the potential to be subdivided.
MLS# 2292786

Courtesy Of NextHome, Inc

(360) 456-4486

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Lot Size
    3.81 Acres

Map and Directions

Directions to 2511 SW 347th Street, Federal Way, WA 98023

Home seller CENTURY 21 North Homes Realty

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CENTURY 21 North Homes Realty

(253) 564-6211
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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $4,934
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $4,934

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Sherwood Forest Elementary School

Grades KG-5 Public School

Federal Way, WA 98023 0.7 miles
34600 12th ave sw

392 total students
14:1 Student teacher ratio

School Rating: C+

School Details

Illahee Middle School

Grades 6-8 Public School

Federal Way, WA 98003 1.7 miles
36001 1st ave s

820 total students
18:1 Student teacher ratio

School Rating: D

School Details

Todd Beamer High School

Grades 9-12 Public School

Federal Way, WA 98003 2.5 miles
35999 16th ave s

1416 total students
21:1 Student teacher ratio

School Rating: D-

School Details
Other Nearby Schools Distance Type Grades School Rating
Faith Baptist Christian Academy 0.6 miles Private PK-10
Taf Academy At Saghalie 0.7 miles Public 6-8 D-
Northeast Tacoma Elementary School 0.7 miles Public PK-5 C
Brigadoon Elementary School 0.9 miles Public KG-5 D+
Employment Transition Program 0.9 miles Public 9-12
Enterprise Elementary School 1.2 miles Public KG-5 C-
Birth To Three Development Center 1.2 miles Public PK
Olympic View Elementary School 1.3 miles Public KG-5 D
Silver Lake Elementary School 1.5 miles Public KG-5 C-
Panther Lake Elementary School 1.5 miles Public KG-5 C
Crescent Heights Elementary School 1.7 miles Public PK-5 B-
Meeker Middle School 1.8 miles Public 6-8 C
Decatur High School 1.8 miles Public 9-12 D+
Green Gables Elementary School 1.9 miles Public KG-5 C+
Federal Way Public Academy 2 miles Public 6-10 A+
Montessori Academy At Spring Valley 2.1 miles Private PK-8
Twin Lakes Elementary School 2.1 miles Public KG-5 B+
Lakota Middle School 2.1 miles Public 6-8 D+

Faith Baptist Christian Academy

Distance: 0.6 miles

Type Private

Grades: PK-10

Taf Academy At Saghalie

Distance: 0.7 miles

Type Public

Grades: 6-8

D-

Northeast Tacoma Elementary School

Distance: 0.7 miles

Type Public

Grades: PK-5

C

Brigadoon Elementary School

Distance: 0.9 miles

Type Public

Grades: KG-5

D+

Employment Transition Program

Distance: 0.9 miles

Type Public

Grades: 9-12

Enterprise Elementary School

Distance: 1.2 miles

Type Public

Grades: KG-5

C-

Birth To Three Development Center

Distance: 1.2 miles

Type Public

Grades: PK

Olympic View Elementary School

Distance: 1.3 miles

Type Public

Grades: KG-5

D

Silver Lake Elementary School

Distance: 1.5 miles

Type Public

Grades: KG-5

C-

Panther Lake Elementary School

Distance: 1.5 miles

Type Public

Grades: KG-5

C

Crescent Heights Elementary School

Distance: 1.7 miles

Type Public

Grades: PK-5

B-

Meeker Middle School

Distance: 1.8 miles

Type Public

Grades: 6-8

C

Decatur High School

Distance: 1.8 miles

Type Public

Grades: 9-12

D+

Green Gables Elementary School

Distance: 1.9 miles

Type Public

Grades: KG-5

C+

Federal Way Public Academy

Distance: 2 miles

Type Public

Grades: 6-10

A+

Montessori Academy At Spring Valley

Distance: 2.1 miles

Type Private

Grades: PK-8

Twin Lakes Elementary School

Distance: 2.1 miles

Type Public

Grades: KG-5

B+

Lakota Middle School

Distance: 2.1 miles

Type Public

Grades: 6-8

D+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Federal Way, WA 98023

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Federal Way, WA 98023

This community’s employment is highest in the construction and sales industries. The area’s overall household expenses are above the national average.

76° July
Hottest Average Month
34° January
Coldest Average Month
18,684 Total Households in Area
-0.5% Increase in population since the year 2010
34.5%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Federal Way, WA 98023

Federal Way, WA 98023 has a population of 51,018 people in 18,684 households with a median age of 39 years old.

-0.5%
Decrease in population
since the year 2010
Population is Trending down
17,935
Total households as of 2010
7.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 39 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 43%
Asian 20%
Hispanic 18%
Black 12%
Other 10%
Native American 1%
The most prevalent ethnicity is White at 43%, followed by Asian at 20%, Hispanic at 18%, and Black at 12%.

Economics
for Federal Way, WA 98023

4,354 /sq mi
Population Density
$94,136 /yr
Median Household Income
$610,000
Median Sales Price
32 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 17.58% of the households.

Transportation to Work

  • Drive 79%
  • Work from Home 12%
  • Public Transit 6%
  • Walk or Bike 2%

Occupancy by Type

Owned 11,734 60%
Rented 6,951 36%
Vacant 721 4%

White vs Blue Collar Jobs







White Collar 69%
Blue Collar 31%

Family & Education Facts
for Federal Way, WA 98023

39 Median Age

Average Household Size

2.7
persons per
household

54.1%

Married Households

Community Population By Education

Bachelors Degree 23%
Some College 23%
High School Graduate 23%
Associates Degree 12%
Graduate Degree 11%
Some High School 8%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 23.4% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
34.5% of households have children

Weather
for Federal Way, WA 98023

The weather for this area ranges from a high of 76° F in July to a low of 34° F in January

76° July
Hottest Average Month
34° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
34°
45°
Feb
35°
49°
Mar
37°
53°
Apr
40°
59°
May
45°
66°
Jun
50°
71°
Jul
53°
76°
Aug
53°
76°
Sep
50°
70°
Oct
44°
60°
Nov
39°
51°
Dec
35°
46°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Federal Way, WA 98023!
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Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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