Seller's Agent in 2021
Michael Morrison
Morrison House Sotheby's Intl
(253) 606-5925
25 in this area
221 Total Sales
8902 Frances Folsom St SW Lakewood, WA 98498
Central Lakes NeighborhoodEstimated Value: $1,154,000 - $2,225,000
7
Beds
3
Baths
5,718
Sq Ft
$300/Sq Ft
Est. Value
Highlights
- Boathouse
- Lake View
- Deck
- Docks
- Fruit Trees
- Secluded Lot
About This Home
As of August 2021Rare American Lake Waterfront home with about 106' of waterfront and 2 tax parcels. Large over 5700 square feet daylight rambler with owners suite on main. Flowing room to roam, Living Room opens to dining room/bonus. Kitchen with eating space, attached to a mudroom and second bonus room/family room with 1/2 bath and an attached 5 car garage. Owners suite w/ an attached 3/4 bath and two additional bedrooms and full bath. Downstairs Rec Room With 2nd kitchen And Fireplace. Junior suite w/ an attached 3/4 bath, 3 additional bedrooms on the lower level and full bath. Serene Landscaping With Private Dock, Panoramic View, 106 Ft Of Prime Lakefront, Fully Fenced And Gated, Lake Fed Sprinklers. Unique. Rare.
Last Agent to Sell the Property
Morrison House Sotheby's Intl License #50025 Listed on: 04/23/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1761479
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,007
Year Built
- Built in 1924
Lot Details
- Gated Home
- Property is Fully Fenced
- Secluded Lot
- Fruit Trees
- Garden
Parking
- Attached Garage
Property Views
- Lake
- Mountain
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 3 Bathrooms
- 2 Fireplaces
- Finished Basement
Kitchen
- Double Oven
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Laundry
- Dryer
- Washer
Outdoor Features
- Bulkhead
- Boathouse
- Docks
- Deck
- Patio
Utilities
- Cable TV Available
Community Details
- American Lake Community
Listing and Financial Details
- Assessor Parcel Number 6385300321
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 28, 2024
Sold by
Calcap Income Fund I Llc
Bought by
Putnam Andrew and Putnam Tawny
Current Estimated Value
Purchase Details
Closed on
May 8, 2024
Sold by
Bt Property Investments Llc
Bought by
Calcap Income Fund I Llc
Purchase Details
Closed on
Feb 15, 2024
Sold by
Cascade Financial & Funding Llc
Bought by
Tran Binh
Purchase Details
Listed on
Apr 23, 2021
Closed on
Jul 25, 2021
Sold by
Lee Kang Woo and Lee Jin Kang
Bought by
Bt Property Investments Llc
Seller's Agent
Michael Morrison
Morrison House Sotheby's Intl
Buyer's Agent
Tony Le
eXp Realty
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Original Mortgage
$1,575,000
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 12, 2002
Sold by
Delaire Miriam Kathryn
Bought by
Lee Kang Woo and Lee Jin Kang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.03%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Putnam Andrew | $2,375,000 | First American Title | |
| Calcap Income Fund I Llc | -- | None Listed On Document | |
| Tran Binh | -- | None Listed On Document | |
| Bt Property Investments Llc | $1,600,000 | Old Republic Title Ltd | |
| Lee Kang Woo | $675,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bt Property Investments Llc | $2,046,000 | |
| Previous Owner | Bt Property Investments Llc | $1,575,000 | |
| Previous Owner | Lee Kang Woo | $417,000 | |
| Previous Owner | Lee Kang Woo | $506,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2021 08/02/21 | Sold | $1,600,000 | -3.0% | $280 / Sq Ft |
| 06/14/2021 06/14/21 | Pending | -- | -- | -- |
| 06/12/2021 06/12/21 | Price Changed | $1,649,000 | +0.2% | $288 / Sq Ft |
| 06/09/2021 06/09/21 | Price Changed | $1,645,000 | -2.9% | $288 / Sq Ft |
| 04/23/2021 04/23/21 | For Sale | $1,695,000 | -- | $296 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $19,007 | $1,939,300 | $1,074,500 | $864,800 |
| 2024 | $19,007 | $1,883,200 | $1,056,900 | $826,300 |
| 2023 | $18,747 | $1,799,000 | $1,025,000 | $774,000 |
| 2022 | $17,377 | $1,853,000 | $1,060,600 | $792,400 |
| 2021 | $15,848 | $1,244,200 | $735,300 | $508,900 |
| 2019 | $13,496 | $1,179,000 | $690,700 | $488,300 |
| 2018 | $15,420 | $1,158,300 | $681,800 | $476,500 |
| 2017 | $14,573 | $1,062,500 | $612,200 | $450,300 |
| 2016 | $14,415 | $893,900 | $478,600 | $415,300 |
| 2014 | $13,941 | $926,500 | $500,900 | $425,600 |
| 2013 | $13,941 | $835,000 | $459,100 | $375,900 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Morrison
-
Tony Le
Buyer's Agent in 2021
Tony Le
eXp Realty
(253) 576-5581
1 in this area
32 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1761479
APN: 638530-0322
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Based on information submitted to the MLS GRID
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