8207 Lake St SW Lakewood, WA 98498
South Lakes NeighborhoodEstimated payment $1,660/month
Highlights
- Very Popular Property
- Fruit Trees
- Territorial View
- RV Access or Parking
- Deck
- Traditional Architecture
About This Home
Investor Alert - Prime Lakewood Opportunity Near JBLM! This 888 sq ft, 2-bed, 1-bath home sits on a spacious lot with tons of upside. Solid bones, a detached shop, and a location just minutes from JBLM makes it ideal for a fix-and-hold, long-term rental, or value-add flip. Plenty of room for ADU expansion (buyer to verify), offering even more income potential. With strong rental demand in the area and convenient access to schools, shopping, and transit, this is a smart addition to any investment portfolio. Bring your vision - this one won’t last!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2431190
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $742
Year Built
- Built in 1947
Lot Details
- 8,950 Sq Ft Lot
- South Facing Home
- Property is Fully Fenced
- Level Lot
- Fruit Trees
- Garden
- Property is in average condition
Parking
- 3 Car Garage
- Driveway
- Off-Street Parking
- RV Access or Parking
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 888 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Electric Fireplace
- Gas Fireplace
- Dining Room
- Territorial Views
Kitchen
- Walk-In Pantry
- Stove
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Windows
Outdoor Features
- Deck
- Outbuilding
Utilities
- Forced Air Heating System
- Water Heater
Community Details
- No Home Owners Association
- Lakewood Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Senior Tax Exemptions
- Assessor Parcel Number 2200002500
Map
Home Values in the Area
Average Home Value in this Area
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 | $790 | $370,000 | $174,700 | $195,300 |
| 2024 | $790 | $345,500 | $163,800 | $181,700 |
| 2023 | $790 | $321,600 | $150,100 | $171,500 |
| 2022 | $3,252 | $324,000 | $150,100 | $173,900 |
| 2021 | $817 | $229,000 | $91,100 | $137,900 |
| 2019 | $2,149 | $194,000 | $65,700 | $128,300 |
| 2018 | $2,114 | $175,300 | $60,300 | $115,000 |
| 2017 | $2,027 | $140,500 | $43,300 | $97,200 |
| 2016 | $1,624 | $119,700 | $34,500 | $85,200 |
| 2014 | $1,612 | $99,600 | $28,300 | $71,300 |
| 2013 | $1,612 | $91,200 | $28,300 | $62,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | For Sale | $300,000 | -- | $338 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $292,500 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2431190
APN: 220000-2500
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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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