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Listing provided courtesy of Northwest MLS<BR>Listing Broker: COMPASS; Mike Larson; 253-987-1778; mike.larson@compass.com

PRICE $575,000
BEDS 2
BATHS 1.5
HOME SIZE 2,400 sqft
LOT SIZE 1.12 ac
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You'll love this classic brick rambler with a basement in the heart of Lakewood, offering an exceptional opportunity to create something truly special. Situated on an expansive 48,600 sq ft lot (1.11 acres), surrounded by towering oak and fir trees and million-dollar homes on either side, the real value lies in the land, setting, and remarkable potential. The home needs updating and renovation, but its classic character and substantial footprint provide the foundation for an impressive estate-style residence. The partially finished 1,200-square-foot basement offers additional possibilities for expanded living space. The generous lot size may also present opportunities for an accessory dwelling unit (ADU) or potentially two additional residential building sites, subject to zoning, subdivision requirements, and applicable approvals. Buyer to independently investigate and verify all development possibilities to their own satisfaction. The premier location is hard to beat, offering the tranquility of an established residential neighborhood with convenient access to shopping, I-5, schools, and medical facilities. Bring your vision and unlock the possibilities! An opportunity like this is certainly worth a closer look!

LAST UPDATED 10/30/2026 TRACT Gravelly Lake
YEAR BUILT 1953 COMMUNITY Gravelly Lake
COUNTY Pierce STATUS First Look
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Clover Park High


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Microwave, Refrigerator
AREA 39 - Lakewood
BASEMENT Partially Finished, Yes
CONSTRUCTION Brick
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Oil
INTERIOR Built-In Vacuum, Fireplace
LOT 1.1157 acre(s)
LOT DESCRIPTION Paved, Value In Land
MLS STATUS First Look
PARKING Attached, RV Access/Parking
STORIES 1
STYLE 16 - 1 Story w/Bsmnt.
SUBDIVISION Gravelly Lake
TAXES 7317
UTILITIES Cable Available, Sewer Connected
WATER Public

SATELLITE VIEW



 
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