Listed by COMPASS, Bought with Lee LaBrash Real Estate
NOT LISTED FOR SALE

8706 Terrace Rd SW Lakewood, WA 98498

Central Lakes Neighborhood

Estimated Value: $405,000 - $437,000

3 Beds
1 Bath
1,008 Sq Ft
$415/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $269,000 $267 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,570/month

11 Days on Market

Highlights

  • Northwest Architecture
  • 1 Fireplace
  • Patio
  • Wood Flooring
  • Attached Garage
  • Property is Fully Fenced

About This Home

As of September 2019

Terrific starter home close to shopping, schools, bus lines and JBLM. Well-maintained one-level rambler located a short walk from Fort Steilacoom Park. New exterior and interior paint. Hardwood floors under carpet. Very nice, fully-fenced yard, complete w/sprinkler system. Great back patio, perfect for warm sunny afternoons. Efficient heat pump. A well-maintained home on a quiet street, ready for your own personal touches. Great potential as a rental property. Worth a look. Very nice.

Last Agent to Sell the Property

Mike Larson

COMPASS License #12791 Listed on: 08/02/2019

COMPASS

Last Buyer's Agent

Fran Parker

Lee LaBrash Real Estate License #10626

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1497728

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,547

Year Built

  • Built in 1955

Lot Details

  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • Attached Garage

Home Design

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

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Lakewood Community

Listing and Financial Details

  • Assessor Parcel Number 6090000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,547

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Senior Exemption: Y
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dbl Pane/Storm Windw, Security System
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Range/Oven, Refrigerator
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1008
  • Square Footage Finished: 1008

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: Tacoma Public Utilities
  • Sewer: Sewer Connected
  • Sewer Company: Pierce County
  • Water Company: Lakewood
  • Water Heater: Garage-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Lakewood

Schools

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

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 7460
  • Lot Topography Vegetation: Level
  • Parcel Number: 6090000040
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2019
Closed on
Sep 6, 2019
Sold by
Walker Velma M and Walker Keith L
Bought by
Rivera Zakery A and Ancira Chelsea G
Seller's Agent
Mike Larson
COMPASS
Buyer's Agent
Fran Parker
Lee LaBrash Real Estate
List Price
$269,000
Sold Price
$269,000
Current Estimated Value
$418,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,131
Avg. Annual Appreciation
7.42%
Original Mortgage
$260,930
Outstanding Balance
$229,551
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$182,199
Source: Public Records

Range of Values:

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Average Value
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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
Rivera Zakery A $269,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Zakery A $260,930
Previous Owner Walker Velma M $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2019 09/18/19 Sold $269,000 0.0% $267 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $269,000 -- $267 / 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 $3,547 $370,000 $201,800 $168,200
2024 $3,547 $356,700 $189,200 $167,500
2023 $3,547 $324,600 $184,500 $140,100
2022 $3,395 $340,700 $190,900 $149,800
2021 $3,181 $241,300 $120,900 $120,400
2019 $101 $212,600 $101,800 $110,800
2018 $92 $201,300 $95,000 $106,300
2017 $96 $167,200 $72,100 $95,100
2016 $98 $135,000 $52,400 $82,600
2014 $51 $123,900 $44,600 $79,300
2013 $51 $118,200 $42,600 $75,600
Source: Public Records

Agents Affiliated with this Home

  • Mike Larson

    Seller's Agent in 2019

    Mike Larson

    COMPASS

    (253) 209-1572

    14 in this area

    77 Total Sales

    Mike Larson
    Section Image

  • F

    Buyer's Agent in 2019

    Fran Parker

    Lee LaBrash Real Estate

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1497728

Northwest Multiple Listing Service (NWMLS)

APN: 609000-0040

Washington Pierce County Lakewood 98498 Central Lakes

8706 Terrace Rd SW, Lakewood, WA

This home is located at 8706 Terrace Rd SW, Lakewood, WA 98498 since 02 August 2019 and is currently estimated at $418,131, approximately $414 per square foot. This property was built in 1955. 8706 Terrace 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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