New ListingYou'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!
| MLS # | 2599864 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | First Look |
| Year | 1953 |
| Days On Site | 5 |
| Listing Provided By | COMPASS | Mike Larson |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,400 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R1 |
| Acreage | 1.12 |
| Property | 7317 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98498 |
| Area | 39 Lakewood |
| Community Name | Gravelly Lake |
| School District | Clover Park High |
| Elementary School | Buyer To Verify |
| High School | Clover Park High |
| Listing VS Median (in Gravelly Lake) | |
Price: $575,000 low | high Med: $897,225 sqft: 2,400 low | high Med: 3,333 $ / sqft: $240 low | high Med: $269 On site: 5 low | high Med: 76.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98498 |
| Area | 39 Lakewood |
| Community Name | Gravelly Lake |
| School District | Clover Park High |
| Elementary School | Buyer To Verify |
| High School | Clover Park High |
| Listing VS Median (in Gravelly Lake) | |
Price: $575,000 low | high Med: $897,225 sqft: 2,400 low | high Med: 3,333 $ / sqft: $240 low | high Med: $269 On site: 5 low | high Med: 76.5 | |