Listing provided courtesy of NextHome South SoundNWMLSas Distributed by MLSGrid- MLS# NWM2521262MLS Provider

1040 S 320th Street #5Federal Way, WA 98003

Condo · 2 Beds · 1 Full Bath · 1 Half Bath · 1,088 Sq. ft.
$317,500 Active

1040 S 320th Street #5 Overview

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Welcome to gated Trinidad South in the heart of Federal Way - where comfort, convenience, and location truly come together. This townhome-style condo lives like a single-family home with a bright, open-concept main floor, spacious great room, and cozy gas fireplace, making it perfect for everyday living and entertaining.Major updates are already done for you: newer deck, windows, slider, and washer & dryer (all just 2 years old). The primary bathroom has been beautifully remodeled, and all appliances stay - this home is truly move-in ready!Step outside to relax on your private deck or enjoy being just minutes from literally everything. You’re close to all kinds of shopping, dining, and entertainment at The Commons at Federal Way, everyday essentials at nearby Costco and Trader Joe's, plus countless restaurants, coffee shops, and many other services nearby.Commuters will love the easy access to the Federal Way Transit Center and Link Light Rail, connecting you to Seattle, Tacoma, and beyond.Low-maintenance living, smart updates, and a location that puts everything within reach. This is the one you’ve been waiting for!

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1040 S 320th Street #5 Facts & Features

  • Type Condo
  • Sq. ft. 1,088
  • Price/Sq.ft. $292

Details

General

Association/HOA

  • Association Fee: $475.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Gas, Sewer, Trash, Water

School Information

  • School District: Federal Way
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Building Information

  • Building Name: Trinidad South
  • New Construction: No
  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 110 - Dash Point/Federal Way
  • Subdivision Name: Mirror Lake

Community/Development

  • Common Property Features: Cable TV,High Speed Int Avail,Outside Entry,Security Gate
  • Community Features: Cable TV, Gated, High Speed Int Avail, Outside Entry
  • Number Of Units In Community: 43

Tax Information

  • Tax Annual Amount: $3,245.00
  • Tax Year: 2025

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 8682400270
  • Pets Allowed: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Bedrooms Lower: 0
  • Bedrooms Upper: 2

Building Interior

  • Appliance Hookups: Cooking-Electric,Dryer-Electric,Washer
  • Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 1088
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1088
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Unit Features: Balcony/Deck/Patio,Ground Floor

General Information

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Cooling: No
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Laminate, Vinyl, Carpet
  • Heating: Yes
  • Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Ground Floor, Washer, Water Heater
  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Levels: Two
  • Living Area: 0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Security Gate
  • Stories Total: 2

Unit Information

  • Unit Number: 5

Exterior

Parking Information

  • Parking Features: Carport
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Sidewalk
  • Lot Size Acres: 0
  • Lot Size Square Feet: 0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Steel & Concrete
  • Direction Faces: East
  • Roof: Composition
  • Structure Type: Condominium

General Information

  • Carport: Yes
  • Exterior Features: Metal/Vinyl

Room Information

Room: Bathroom Half

  • Level: Main

Room: Kitchen Without Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Utility Room

  • Level: Main

Room: Bathroom Full

  • Level: Second

Room: Bedroom

  • Level: Second

Room: Primary Bedroom

  • Level: Second

1040 S 320th Street #5 Neighborhood

Community

98003 (Federal Way) Demographics

35
Median Age
4,212
Population Density (per sq. mile)
37%
College Educated
$59,560
Estimated Median Income
8,722
Estimated Total Home Owners
9,793
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1040 S 320th Street #5 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1040 S 320th Street #5 Market Data

Based on the last 30 days in this zip code

$505,390
Average List Price
$301
Average Price per Square Foot
39
Properties Sold
83
Average Days on Market
166
Properties for Sale
Calculations provided by Reliance Network

1040 S 320th Street #5 History

Date Event Value Agent
6/8/2026Source: NWMLS Price Reduction
$317,500 -1.4%
5/13/2026Source: NWMLS Added to Database
May 13, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021