Listed by Coldwell Banker Bain
$1,345,500
$50K PRICE DROP

18222 SE Wax Rd Covington, WA 98042

Covington Area

Estimated payment $8,344/month

Total Views 12,607
5 Beds
4 Baths
1,950 Sq Ft
$690 Price per Sq Ft

Highlights

  • Low Bank Waterfront Property
  • Home fronts a creek
  • RV Access or Parking
  • Kentwood High School Rated A-
  • Sauna
  • River View

About This Home

Rare opportunity in Covington! This 8.6-acre fully fenced and cross-fenced property offers level pasture, privacy, flexibility, and outstanding income potential. A long private driveway, recently paved with asphalt, creates an impressive entrance and leads you across peaceful Jenkins Creek to a comfortable 1,950 sq. ft. home featuring 3 bedrooms, 2 full baths, and a relaxing sauna. A major highlight is the impressive 4,000 sq. ft. shop, offering parking for 10+ vehicles, abundant storage, large office space, a spacious bedroom, and a full bathroom. This versatile setup creates excellent possibilities for a home-based business, guest quarters, multi-generational living, or potential rental income. With usable acreage, pastureland, and a highly functional layout, this property delivers space, privacy, and opportunity all in one.

Listing Agent

Bill Albright

Coldwell Banker Bain License #98319 Listed on: 04/10/2026

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2503186

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,913

Year Built

  • Built in 1990

Lot Details

  • 8.16 Acre Lot
  • Home fronts a creek
  • Low Bank Waterfront Property
  • East Facing Home
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Fruit Trees
  • Garden
  • Property is in very good condition

Property Views

  • River
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,950 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Sauna
  • Home Security System

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Crestwood Elementary School
  • Mattson Middle School
  • Kentwood High School

Farming

  • Pasture

Utilities

  • High Efficiency Heating System
  • Heat Pump System
  • Private Water Source
  • Well
  • Sewer Not Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Covington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1922069129

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,913

Year Built

Built in 1990

Lot Details

8.16 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1990
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • Structure Type: House
  • CalculatedSquareFootage: 1950
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • SOCComments: You Deserve It!!
  • NWM_ADUCount: 0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Electric, Gas, Wood Burning
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Sauna, Security System, Skylight(s)
  • Living Area: 1950
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • BathsFullMain: 1
  • SquareFootageFinished: 1950
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: River, Territorial
  • View: Yes
  • Waterfront Features: Low Bank, Creek, No Bank
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Direction Faces: East
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Detached Garage, RV Parking
  • Total Parking Spaces: 10

Utilities

  • Sewer: None
  • Water Source: Individual Well, Private
  • Security: Fully Fenced, Security Gate, Security System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, High Efficiency (Unspecified)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent
  • High School: Kentwood High
  • Middle Or Junior School: Mattson Middle

Lot Info

  • Parcel Number: 1922069129
  • Topography: Level,Partial Slope
  • Land Lease: No
  • Lot Size Acres: 8.16
  • Lot Size Sq Ft: 355449
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gated Entry,High Speed Internet,Outbuildings,Patio,RV Parking,Shop
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2026
  • Tax Annual Amount: 12913

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Crestwood Elem

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,913 $1,267,000 $1,266,000 $1,000
2024 $11,712 $1,219,000 $1,218,000 $1,000
2023 $11,008 $1,089,000 $1,088,000 $1,000
2022 $11,598 $1,202,000 $1,201,000 $1,000
2021 $9,520 $1,026,000 $1,025,000 $1,000
2020 $9,008 $795,000 $492,000 $303,000
2018 $7,897 $708,000 $461,000 $247,000
2017 $7,262 $635,000 $417,000 $218,000
2016 $7,155 $579,000 $380,000 $199,000
2015 $6,847 $529,000 $344,000 $185,000
2014 -- $497,000 $338,000 $159,000
2013 -- $414,000 $271,000 $143,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/02/2026 07/02/26 Price Changed $1,345,500 -0.3% $690 / Sq Ft
05/18/2026 05/18/26 Price Changed $1,349,500 -3.3% $692 / Sq Ft
02/11/2026 02/11/26 For Sale $1,395,000 +26.8% $715 / Sq Ft
02/18/2022 02/18/22 Sold $1,100,000 +10.0% $564 / Sq Ft View Prior Sale
01/31/2022 01/31/22 For Sale $1,000,000 0.0% $513 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/22/2022 01/22/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $1,000,000 -- $513 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $1,100,000 None Listed On Document
Warranty Deed $214,000 First American
Trustee Deed $146,000 None Available
Quit Claim Deed -- Ticor National
Quit Claim Deed $575,000 --
Interfamily Deed Transfer -- Ticor National
Warranty Deed $1,700,000 Ticor National
Warranty Deed $195,000 Transnation Title Insurance
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,228,500 Negative Amortization
Previous Owner $1,105,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Bill Albright
Bill Albright

Coldwell Banker Bain

(253) 785-3193

Section Image

I'm an expert real estate agent with Newberry Realty, Inc. in Kent, WA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

View Bill's Profile

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2503186

Northwest Multiple Listing Service (NWMLS)

APN: 192206-9129

Washington King County Covington 98042

18222 SE Wax Rd, Covington, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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Bill Albright
Bill Albright
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Coldwell Banker Bain
(253) 785-3193
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