NOT LISTED FOR SALE

5516 Fairlawn Dr SW Lakewood, WA 98499

Lakeview Neighborhood

Estimated Value: $446,000 - $692,000

3 Beds
2 Baths
1,181 Sq Ft
$436/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $335,000 $284 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,882/month

18 Days on Market

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • 4-minute walk to Kiwanis Park
  • Wood Flooring
  • Attached Garage

About This Home

As of January 2021

Lakewood Rambler First Time on the Market in over 40 Years. Here is your chance to own over Third of Acre Lot! Bring Your Creativity and Vision to UpDate! Move-in Ready. Mature Landscaping ready to surround your future Vegetable and/or Flower Garden. Home has Newer Roof, Skylite,Gutters, Carpet w/ Original Hardwoods underneath,Vinyl, Some Newer Windows and Blinds. Easy Freeway access, CLOSE to: Military Bases, Lkwd Town Center. This is a MUST see Property! Home Warranty Included!

Last Agent to Sell the Property

Linda Pharis

Better Properties Summit License #93124 Listed on: 07/18/2020

Better Properties Summit

Last Buyer's Agent

Dennis Selberg

NW Properties Agency, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1625607

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,327

Year Built

  • Built in 1949

Lot Details

  • 0.33

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Community Details

  • Lakewood Community

Listing and Financial Details

  • Assessor Parcel Number 5130001640

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,327

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Dining Room, Skylights
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 1.50
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1181
  • Square Footage Finished: 1181

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Lakeview Power & Light
  • Sewer: Sewer Connected
  • Sewer Company: Pierce County
  • Water Company: Lakewood Water District
  • Water Heater: Laundry-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Lakewood
  • Project: Lakewood Park

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: LKD

Lot Info

  • Lot Number: 11/42
  • Lot Sq Ft: 14400
  • Parcel Number: 5130001640

Tax Info

  • Tax Amount: 3620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2020
Closed on
Jan 15, 2021
Sold by
May Lucille P
Bought by
Lasa
Seller's Agent
Linda Pharis
Better Properties Summit
Buyer's Agent
Dennis Selberg
NW Properties Agency, Inc.
List Price
$345,000
Sold Price
$335,000
Premium/Discount to List
-$10,000
-2.9%
Current Estimated Value
$462,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,687
Avg. Annual Appreciation
9.90%
Original Mortgage
$396,296
Interest Rate
2.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lasa $335,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lasa $5,000,000
Closed Lasa $485,000
Closed Lasa $3,500,000
Closed Lasa $396,296
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold $335,000 -2.9% $284 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $345,000 +3.0% $292 / Sq Ft
07/27/2020 07/27/20 Off Market $335,000 -- --
07/26/2020 07/26/20 For Sale $345,000 0.0% $292 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $345,000 -- $292 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,327 $630,700 $297,400 $333,300
2024 $4,327 $421,800 $241,200 $180,600
2023 $4,327 $399,000 $228,500 $170,500
2022 $4,065 $420,900 $245,400 $175,500
2021 $3,881 $296,700 $153,400 $143,300
2019 $2,926 $266,700 $131,900 $134,800
2018 $3,115 $242,600 $114,300 $128,300
2017 $3,024 $209,900 $88,800 $121,100
2016 $2,485 $171,300 $64,100 $107,200
2014 $2,208 $155,200 $55,900 $99,300
2013 $2,208 $137,300 $45,200 $92,100
Source: Public Records

Agents Affiliated with this Home

  • Linda Pharis

    Seller's Agent in 2021

    Linda Pharis

    Better Properties Summit

    (253) 581-8900

    1 in this area

    12 Total Sales

    Section Image

  • D

    Buyer's Agent in 2021

    Dennis Selberg

    NW Properties Agency, Inc.

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1625607

Northwest Multiple Listing Service (NWMLS)

APN: 513000-1640

Washington Pierce County Lakewood 98499 Lakeview

5516 Fairlawn Dr SW, Lakewood, WA

This home is located at 5516 Fairlawn Dr SW, Lakewood, WA 98499 since 18 July 2020 and is currently estimated at $515,152, approximately $436 per square foot. This property was built in 1949. 5516 Fairlawn Dr SW is a home located in Pierce County with nearby schools including Dower Elementary School, Lochburn Middle School, and Clover Park High School.

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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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