NOT LISTED FOR SALE

8502 Berkeley Ave SW Unit 8508 Lakewood, WA 98498

South Lakes Neighborhood

Estimated Value: $614,000

6 Beds
4 Baths
2,376 Sq Ft
$258/Sq Ft Est. Value

About This Home

This home is located at 8502 Berkeley Ave SW Unit 8508, Lakewood, WA 98498 and is currently estimated at $614,000, approximately $258 per square foot. 8502 Berkeley Ave SW Unit 8508 is a home located in Pierce County with nearby schools including Tillicum Elementary School, Thomas Middle School, and Clover Park High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2022
Sold by
Diamond One Llc
Bought by
8502 Berkeley Ave Sw Llc
Current Estimated Value
$614,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,500
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 25, 2015
Sold by
Buchanan Colin and Buchanan Jean
Bought by
Diamond One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,381
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2015
Sold by
Sierra One Llc
Bought by
Buchanan Colin and Buchanan Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,381
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2013
Sold by
Knight Alphonso W and Knight Isebell
Bought by
Sierra One Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
8502 Berkeley Ave Sw Llc -- Rainier Title Company
Diamond One Llc -- None Available
Buchanan Colin $250,894 Rainier Title
Sierra One Llc $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8502 Berkeley Ave Sw Llc $462,000
Closed 8502 Berkeley Ave Sw Llc $425,500
Previous Owner Buchanan Colin $188,381
Previous Owner Sierra One Llc $153,750
Source: Public Records

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 $6,693 $588,400 $176,400 $412,000
2024 $6,693 $621,600 $165,400 $456,200
2023 $6,693 $615,700 $152,100 $463,600
2022 $5,761 $580,600 $152,100 $428,500
2021 $5,122 $388,000 $92,300 $295,700
2019 $3,648 $316,500 $66,500 $250,000
2018 $3,700 $297,900 $61,100 $236,800
2017 $3,548 $246,900 $44,000 $202,900
2016 $2,391 $163,200 $35,100 $128,100
2014 $2,783 $145,900 $28,700 $117,200
2013 $2,783 $182,500 $28,700 $153,800
Source: Public Records

Map

Washington Pierce County Lakewood 98498 South Lakes

8502 Berkeley Ave SW Unit 8508, Lakewood, WA

This home is located at 8502 Berkeley Ave SW Unit 8508, Lakewood, WA 98498 and is currently estimated at $614,000, approximately $258 per square foot. 8502 Berkeley Ave SW Unit 8508 is a home located in Pierce County with nearby schools including Tillicum Elementary School, Thomas Middle School, and Clover Park High School.

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