NOT LISTED FOR SALE

8617 Phillips Rd SW Lakewood, WA 98498

Oakbrook Neighborhood

Estimated Value: $453,000 - $586,000

2 Beds
3 Baths
576 Sq Ft
$883/Sq Ft Est. Value

Last Sold June 26, 2017

Last sale price $165,000 $286 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $3,112/month

12 Days on Market

Highlights

  • Creek or Stream View
  • 1 Fireplace
  • Partially Fenced Property
  • Traditional Architecture
  • Detached Garage
  • Wood Siding

About This Home

As of June 2017

This modest home and wonderful parcel could hold great potential for the Buyer. This deep parcel bordering Chambers Creek, with tall trees overhead, has ample room for outdoor picnics and parties. Incl. a detached garage (or workshop if you wish). Remodel the present structure with a rehab loan or start over and expand into a larger, more modern home. Sale includes a second 500 sq. ft. structure onsite w/separate utilities, 1 bdrm, 1 bath on main level, storage/ workshop at lower level.

Last Agent to Sell the Property

Mike Flynn

Coldwell Banker Bain License #20637 Listed on: 03/16/2017

Coldwell Banker Bain

Last Buyer's Agent

Rickie Lee Olson

Better Properties Sterling License #102029

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1076111

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,128

Year Built

  • Built in 1926

Lot Details

  • Partially Fenced Property
  • Sloped Lot
  • Property is zoned R2

Parking

  • Detached Garage

Home Design

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

Interior Spaces

  • 1 Fireplace
  • Creek or Stream Views
  • Dishwasher
  • Rough-In Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Outbuilding

Community Details

  • Lakewood Community

Listing and Financial Details

  • Assessor Parcel Number 0220341136

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,128

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Roughed In
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1076
  • Square Footage Finished: 576

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Waterfront: Creek

Garage/Parking

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

Utilities

  • Heating And Cooling: Baseboard
  • Power Company: TPU
  • Sewer: Sewer Connected
  • Sewer Company: Pierce County Sewer
  • Water Company: Lakewood Water
  • Water Heater: Closet-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Lakewood

Schools

  • Elementary School: Custer Elem
  • Middle School: Hudtloff Mid
  • High School: Lakes High
  • School District: CLP

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 20700
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 0220341136
  • Zoning Code: R2
  • Zoning Jurisdiction: City
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 2697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jun 20, 2017
Sold by
Herron Margaret E
Bought by
Axe Fred and Axe Fred
Seller's Agent
Mike Flynn
Coldwell Banker Bain
Buyer's Agent
Rickie Lee Olson
Better Properties Sterling
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%
Current Estimated Value
$508,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,333
Avg. Annual Appreciation
14.22%
Original Mortgage
$63,600
Interest Rate
4.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Axe Fred $164,719 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Axe Fred $175,000
Closed Axe Fred $100,000
Closed Axe Fred $63,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $165,000 -2.9% $286 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $170,000 -- $295 / 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 $5,128 $507,500 $268,000 $239,500
2024 $5,128 $488,300 $260,200 $228,100
2023 $5,128 $450,300 $238,000 $212,300
2022 $4,060 $476,100 $248,200 $227,900
2021 $3,571 $262,500 $166,600 $95,900
2019 $2,214 $195,000 $144,500 $50,500
2018 $2,913 $195,700 $123,900 $71,800
2017 $2,697 $190,500 $99,100 $91,400
2016 $2,260 $143,800 $68,100 $75,700
2014 $1,022 $135,700 $61,800 $73,900
2013 $1,022 $129,300 $54,900 $74,400
Source: Public Records

Agents Affiliated with this Home

  • Mike Flynn

    Seller's Agent in 2017

    Mike Flynn

    Coldwell Banker Bain

    (253) 222-5911

    1 in this area

    26 Total Sales

    Mike Flynn
    Section Image

  • R

    Buyer's Agent in 2017

    Rickie Lee Olson

    Better Properties Sterling

    (253) 226-5940

    16 Total Sales

    Rickie Lee Olson
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1076111

Northwest Multiple Listing Service (NWMLS)

APN: 022034-1136

Washington Pierce County Lakewood 98498 Oakbrook

8617 Phillips Rd SW, Lakewood, WA

This home is located at 8617 Phillips Rd SW, Lakewood, WA 98498 since 16 March 2017 and is currently estimated at $508,333, approximately $882 per square foot. This property was built in 1926. 8617 Phillips Rd SW is a home located in Pierce County with nearby schools including Custer Elementary School, Hudtloff Middle School, and Lakes 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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