Listed by COMPASS, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

8904 Frances Folsom St SW Lakewood, WA 98498

Central Lakes Neighborhood

Estimated Value: $1,784,000 - $2,220,398

4 Beds
4.5 Baths
5,024 Sq Ft
$399/Sq Ft Est. Value

Last Sold May 22, 2020

Last sale price $1,403,000 $279 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $12,500/month

6 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Lake View
  • Deck
  • Docks
  • 0.55 Acre Lot
  • Contemporary Architecture

About This Home

As of May 2020

Elevated and sitting proud overlooking a sunny Southern exposure is a spotless, move-in ready, newly remodeled home on 75 ft of American Lake shoreline. Walls of windows bathe the open concept kitchen and living area in natural light. Gather friends around the massive kitchen island for a feast or sit by the fire pit at sunset gazing out to your 100 ft dock with double-sided float. A four-car garage and spacious bonus room atop allow for endless possibilities. Welcome home to your gated enclave!

Last Agent to Sell the Property

Chris Murphy

COMPASS License #111144 Listed on: 04/16/2020

COMPASS

Last Buyer's Agent

Kristina Keller

Keller Williams Realty PS License #76150

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1590525

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,500

Year Built

  • Built in 1995

Lot Details

  • 0.55 Acre Lot
  • 75 Feet of Waterfront
  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 5,024 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 2 Fireplaces
  • Dining Room
  • Lake Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Deck

Schools

  • Lake Louise Elementary School
  • Mann Mid Middle School
  • Lakes High School

Utilities

  • Natural Gas Connected
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • American Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 638530-030-1

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,500

Year Built

Built in 1995

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1995
  • Inclusions: Dishwasher,GarbageDisposal,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 5024
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 56

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Laminate, Double Pane/Storm Window, Dining Room, Security System, Skylight(s), Water Heater
  • Living Area: 5024
  • Bathrooms: 4.25
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 5024
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Range/Oven,Refrigerator

Exterior Features

  • Roof: Composition
  • View: Lake
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 75

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security Gate, Security System, Partially Fenced
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Pierce Co Sewer
  • WaterCompany: Lakewood Water
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

  • Junior High Dist: Clover Park
  • High School: Lakes High
  • Middle Or Junior School: Mann Mid

Lot Info

  • Parcel Number: 638530-030-1
  • Topography: Level,PartialSlope,Sloped
  • Lot Size Acres: 0.551
  • Lot Size Sq Ft: 24000
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Fully,Gated Entry,High Speed Internet,Moorage
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Builder Plans

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 15500

MLS Schools

  • Elementary School: Lake Louise Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2020
Closed on
May 20, 2020
Sold by
Duvall Craig R
Bought by
Schatz Richard L and Schatz Sherry L
Seller's Agent
Chris Murphy
COMPASS
Buyer's Agent
Kristina Keller
Keller Williams Realty PS
List Price
$1,400,000
Sold Price
$1,403,000
Premium/Discount to List
$3,000
0.21%
Current Estimated Value
$2,006,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$603,600
Avg. Annual Appreciation
6.27%
Original Mortgage
$1,122,400
Outstanding Balance
$1,000,209
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$933,102

Purchase Details

Closed on
Dec 9, 2011
Sold by
Duvall Desiree M
Bought by
Duvall Craig R
Source: Public Records

Range of Values:

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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
Schatz Richard L $1,403,000 Rainier Title
Duvall Craig R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schatz Richard L $1,122,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2020 05/22/20 Sold $1,403,000 +0.2% $279 / Sq Ft
04/22/2020 04/22/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $1,400,000 -- $279 / 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 $18,805 $1,926,500 $1,013,700 $912,800
2024 $18,805 $1,869,200 $997,100 $872,100
2023 $18,805 $1,779,700 $977,100 $802,600
2022 $18,883 $1,904,900 $1,011,000 $893,900
2021 $17,274 $1,357,100 $700,900 $656,200
2019 $12,938 $1,174,700 $658,500 $516,200
2018 $14,769 $1,110,000 $665,400 $444,600
2017 $13,935 $1,017,400 $597,500 $419,900
2016 $13,783 $853,900 $467,100 $386,800
2014 $13,452 $885,600 $488,900 $396,700
2013 $13,452 $802,700 $448,100 $354,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1590525

Northwest Multiple Listing Service (NWMLS)

APN: 638530-0301