This home's estimate is 14.9% higher than the average sale price ($394K) of 6 comparable homes.
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- Property details
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8705 Terrace Rd SW, Lakewood, WA 98498
About this home
Location location! This one story home features 3 beds / 1 bath with a large private backyard perfect for entertaining guests or space for your four legged friends to roam! Boasting a sunroom with an abundance of natural light, heat pump for year round comfort, plenty of storage throughout and a generous sized kitchen with an abundance of cabinet and counter space. You will be sure to appreciate the new interior and exterior paint, new carpet, double pane windows along with a newer roof. Situated in a quiet neighborhood and close to all major amenities such as Fort Steilacoom Park, Chambers Bay Golf Course and shopping. Move in ready! Schedule your showing today.

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Market trends in 98498, WA
Last updated July 2026
Buyer's Market
Seller's Market
Seller's market
- $599,9504 beds3 baths1,840 sq ft8712 Wildwood Ave SW, Lakewood, WA 98498Svetlana Baranchuk • Coldwell Banker Bain
- $695,0005 beds3 baths2,842 sq ft10202 105th Street Ct SW, Lakewood, WA 98498Anna Matsunaga • Keller Williams Rty Tacoma
- $499,9505 beds2 baths2,141 sq ft8858 81st Ave SW, Lakewood, WA 98498Isaac Schaefer • Realty One Group Turn Key
- $474,0003 beds2 baths1,567 sq ft8816 71ST Street Ct SW, Lakewood, WA 98498Yolanda Johnson • KW Lake Washington So
- 3D WALKTHROUGH$519,0003 beds2 baths1,443 sq ft8509 Onyx Dr SW, Lakewood, WA 98498Anne Watkins • Morrison House Sotheby's Intl
- 3D WALKTHROUGH$799,9503 beds2.5 baths2,590 sq ft8205 Amber Dr SW, Lakewood, WA 98498Marti Reeder • John L. Scott, Inc.
- $599,0005 beds2 baths2,371 sq ft10302 Interlaaken Dr SW, Tacoma, WA 98498Melanie Goodwin • Windermere Real Estate/PSK Inc
- $485,0003 beds2 baths1,092 sq ft8102 Oakridge Dr SW, Lakewood, WA 98498Nikita Krivorak • Pellego, Inc.
- $759,9005 beds4 baths3,160 sq ft7903 Onyx Ct SW, Lakewood, WA 98498Joy Heritage • Windermere RE West Campus Inc
See all
Provided by Redfin
Sale history for 8705 Terrace Rd SW
$338/sq ft
$321/sq ft
$167/sq ft
$169/sq ft
$136/sq ft
$136/sq ft
$138/sq ft
$140/sq ft
$155/sq ft
$155/sq ft
$153/sq ft
$97/sq ft
Tax history for 8705 Terrace Rd SW
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Covered Spaces: 2
- Parking Features: Attached Carport, Attached Garage
- Garage Spaces: 2
- Has Carport
- Has Attached Garage
- Has Garage
Interior
- Bedroom Information
- # of Bedrooms: 3
- # of Bedrooms Main: 3
- Bedrooms Possible: 3
- Bathroom Information
- # of Full Baths (Total): 1
- # of Full Baths (Main): 1
- Room 1 Information
- Room Type: Bathroom Full
- Room Level: Main
- Room 2 Information
- Room Type: Bedroom
- Room Level: Main
- Room 3 Information
- Room Type: Bedroom
- Room Level: Main
- Room 4 Information
- Room Type: Dining Room
- Room Level: Main
- Room 5 Information
- Room Type: Entry Hall
- Room Level: Main
- Room 6 Information
- Room Type: Extra Fin Rm
- Room Level: Main
- Room 7 Information
- Room Type: Family Room
- Room Level: Main
- Room 8 Information
- Room Type: Kitchen Without Eating Space
- Room Level: Main
- Room 9 Information
- Room Type: Living Room
- Room Level: Main
- Room 10 Information
- Room Type: Primary Bedroom
- Room Level: Main
- Room 11 Information
- Room Type: Utility Room
- Room Level: Garage
- Basement Information
- Basement Features: None
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 1
- # of Fireplaces Main: 1
- Heating & Cooling
- Has Heating
- Has Cooling
- Interior Features
- Interior Features: Forced Air, Heat Pump, Ceramic Tile, Wall to Wall Carpet, Ceiling Fan(s), Dining Room, Fireplace, Water Heater
- Flooring: Ceramic Tile, Vinyl, Carpet
- Appliances Included: Dishwasher,Garbage Disposal,Refrigerator,StoveRange
Exterior
- Building Information
- Building Information: Built On Lot
- Roof: Composition
- Exterior Features
- Exterior Features: Wood
- Property Information
- Energy Source: Electric
- Sq. Ft. Finished: 1,242
- Style Code: 10 - 1 Story
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Property Condition: Good
- Land Information
- Vegetation: Fruit Trees, Garden Space
- Lot Information
- MLS Lot Size Source: Realist
- Site Features: Cable TV,Fenced-Fully,High Speed Internet,Outbuildings,Patio
- Lot Features: Curbs, Paved
- Lot Size Units: Square Feet
- Lot Size Acres: 0.1713
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,801
- Tax Year: 2022
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, VA Loan
- Buyer Financing: VA
Utilities
- Utility Information
- Water Source: Public
- Water Company: City of Lakewood
- Power Company: Lakeview
- Sewer: Sewer Connected
- Sewer Company: Pierce County
- Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
- Water Heater Location: Garage
- Water Heater Type: Electric
- Cable Connected: Xfinity
- Internet Connected: Xfinity
Location
- Multi-Unit Information
- Furnished: Unfurnished
- School Information
- Elementary School: Custer Elem
- Middle Or Junior High School: Hudtloff Mid
- High School: Lakes High
- High School District: Clover Park
- Location Information
- Bus Line Nearby: true
- Directions: Traveling West on Steilacoom Blvd, turn left/south on Terrace Road SW. House is on the left
- Topography: Level,PartialSlope
- Community Information
- Senior Exemption: false
Public facts
- Beds: 3
- Baths: 1.0
- Sq. Ft.: 1,242
- Stories: 1.0
- Lot Size: 7,460 square feet
- Style: Single Family Residential
- Year Built: 1955
- Year Renovated: 1991
- County: Pierce County
- APN: 6090000130
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Friday, May 6, 2022
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area: 1,242
- Living Area Units: Square Feet
- Calculated Square Footage: 1242
- MLS Square Footage Source: Realist
- Building Area Total: 1242
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Year Built Effective: 1985
- Effective Year Built Source: Public Records
- Structure Type: House
- Levels: One
- Entry Location: Main
Around this home
Schools
Public PreK-5 • Assigned • 0.5mi
Public 6-8 • Assigned • 0.6mi
Public 9-12 • Assigned • 1.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
9 unhealthy days expected this year, 9 days in 30 years
Sun exposure
In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98498
Home values near 8705 Terrace Rd SW
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1334 Sq. Ft. | $398,973 |
3 Beds | 1 Baths | 1260 Sq. Ft. | $435,841 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1008 Sq. Ft. | $449,287 |
3 Beds | 1 Baths | 1686 Sq. Ft. | $400,663 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1008 Sq. Ft. | $436,000 |
3 Beds | 1 Baths | 1008 Sq. Ft. | $405,721 |
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