Listed by Windermere Prof Partners, Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

8801 Forest Rd SW Lakewood, WA 98498

South Lakes Neighborhood

Estimated Value: $433,000 - $512,000

3 Beds
3 Baths
1,584 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 21, 2018

Last sale price $270,000 $170 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,992/month

9 Days on Market

Highlights

  • Territorial View
  • Ceramic Tile Flooring
  • 1-Story Property
  • Corner Lot
  • Property is in very good condition

About This Home

As of April 2018

Sturdy brick triplex located in between American Lake & JBLM. Each unit has a one bedroom one bathroom layout with great income potential. Seamless access to I-5 and minutes from Harry Todd Park. The triplex is also serviced by the Pierce Transit System. Tillicum is one of the few neighborhoods in the city with public waterfront access. Tillicum has a traditional street grid system which better supports connectivity and pedestrian appeal. The Tillicum neighborhood plan is currently underway.

Last Agent to Sell the Property

James Fisher

Windermere Prof Partners License #127602 Listed on: 03/06/2018

Windermere Prof Partners

Last Buyer's Agent

Cameron Foss

RSVP Brokers ERA License #122133

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1253601

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,443

Year Built

  • Built in 1958

Lot Details

  • 5,000 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 1,584 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • American Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219212097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,443

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1958
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1584
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 3258

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 0219212097
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 1707

Multi Family

  • Gross Scheduled Income: 20160
  • Net Operating Income: 12416
  • Number Of Units Total: 3
  • Insurance Expense: 684
  • Leasable Area: 1584
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2443

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2018
Closed on
Apr 25, 2018
Sold by
Webber Jason H and Webber Claire E
Bought by
Jain Shalabh and Gupta Neha
Seller's Agent
James Fisher
Windermere Prof Partners
Buyer's Agent
Cameron Foss
RSVP Brokers ERA
List Price
$300,000
Sold Price
$270,000
Premium/Discount to List
-$30,000
-10%
Current Estimated Value
$481,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,485
Avg. Annual Appreciation
7.86%
Original Mortgage
$202,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2015
Closed on
Nov 6, 2015
Sold by
Harne Mary A
Bought by
Webber Jason H and Webber Claire E
Seller's Agent
Dale Shoemaker
Keller Williams Realty
Buyer's Agent
Elaine Hilton
Better Properties Sterling
List Price
$165,000
Sold Price
$159,950
Premium/Discount to List
-$5,050
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.82%
Original Mortgage
$119,960
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Abbasi Ahad
Bought by
Harney Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,460
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2002
Sold by
Abbasi Svetlana
Bought by
Abbasi Ahad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
5.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 19, 2000
Sold by
Estate Jessie C Scriven
Bought by
Gordon Murdoc A and Gordon Anna Maria
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
Jain Shalabh $269,719 Cw Title
Webber Jason H $159,669 Wfg National Title Company
Harney Mary A $189,950 First American Title Ins Co
Abbasi Ahad -- --
Abbasi Ahad $85,000 Washington Title Company
Gordon Murdoc A $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Shalabh $238,000
Closed Jain Shalabh $202,500
Previous Owner Webber Jason H $119,960
Previous Owner Harney Mary A $142,460
Previous Owner Abbasi Ahad $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2018 04/21/18 Sold $270,000 -10.0% $170 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $300,000 +87.6% $189 / Sq Ft
11/10/2015 11/10/15 Sold $159,950 -3.1% $101 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $165,000 -- $104 / 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 $4,481 $452,500 $154,700 $297,800
2024 $4,481 $444,800 $145,000 $299,800
2023 $4,481 $413,700 $127,200 $286,500
2022 $3,951 $396,500 $127,200 $269,300
2021 $3,817 $291,600 $77,300 $214,300
2019 $2,766 $244,700 $55,700 $189,000
2018 $2,779 $228,700 $51,100 $177,600
2017 $2,443 $188,900 $35,500 $153,400
2016 $2,065 $145,300 $28,300 $117,000
2014 $1,859 $130,200 $23,100 $107,100
2013 $1,859 $125,900 $23,100 $102,800
Source: Public Records

Agents Affiliated with this Home

  • James Fisher

    Seller's Agent in 2018

    James Fisher

    Windermere Professional Partners

    (830) 212-0580

    76 Total Sales

    James Fisher
    Section Image

  • C

    Buyer's Agent in 2018

    Cameron Foss

    Steven M Kloetsch

    Section Image

  • D

    Seller's Agent in 2015

    Dale Shoemaker

    Keller Williams Realty

    Section Image
  • Elaine Hilton

    Buyer's Agent in 2015

    Elaine Hilton

    Better Properties Sterling

    (253) 209-7913

    23 Total Sales

    Elaine Hilton
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1253601

Northwest Multiple Listing Service (NWMLS)

APN: 021921-2097

Washington Pierce County Lakewood 98498 South Lakes

8801 Forest Rd SW, Lakewood, WA

This home is located at 8801 Forest Rd SW, Lakewood, WA 98498 since 06 March 2018 and is currently estimated at $481,485, approximately $303 per square foot. This property was built in 1958. 8801 Forest Rd SW is a home located in Pierce County with nearby schools including Tillicum Elementary School, Thomas 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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