SOLD BY REDFIN FEB 24, 2025

Listed by John Roof • Redfin. Bought with Skyline Properties, Inc.

Off Market Feb 2025 for $370K

$449,552

Est. refi paymentEst. refi $2,585/mo

•

1,260

sq ft

8709 Terrace Rd SW, Lakewood, WA 98498

About this home

This charming 3-bed, 1-bath rambler in Lakewood has been a successful rental for years, making it a great addition to any investment portfolio. Living room features a cozy wood burning fireplace. Situated in a peaceful neighborhood, it offers easy access to transit, shopping, and Fort Steilacoom Park, providing both convenience and appeal. The fully fenced backyard is ideal for pets and outdoor relaxation. Whether you're looking to expand your investment strategy or find a welcoming starter home, this property is a fantastic opportunity to own in a desirable area. Home is being sold "AS IS". Don't miss out!

Single-familyProperty Type

1955Year Built

7,460 sq ftLot Size

$357Est. Price/Sq.Ft.

Seller's agent

John Roof Redfin

Seller's agent

Kristie Roof Redfin

Bought with Eric Verrastro • Skyline Properties, Inc.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2322908

Redfin Estimate

$449,552

$80K since sold in February 2025$3,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 16.2% higher than the average sale price ($387K) of 6 comparable homes.

SOLD MAY 12, 2026
$400,000
A
3 beds1 bath1,012 sq ft
7923 Leschi Rd SW, Lakewood, WA 98498
SOLD MAR 30, 2026
$456,750
B
3 beds1 bath1,152 sq ft
8906 Lenox Ave SW, Tacoma, WA 98498
SOLD JUN 23, 2026
$475,000
C
3 beds1.5 baths1,628 sq ft
8510 Dalton Dr SW, Tacoma, WA 98498
SOLD JUN 23, 2026
$239,400
D
3 beds1 bath1,068 sq ft
8407 Woodbourne Dr SW, Lakewood, WA 98499
SOLD AUG 27, 2025
$440,000
E
3 beds2 baths1,418 sq ft
8718 Hipkins Rd SW, Lakewood, WA 98498
SOLD OCT 27, 2025
$310,000
F
3 beds1 bath1,218 sq ft
8501 95th St SW, Lakewood, WA 98498

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Earn from this home

Sell

$128,460

Est. take-home

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Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,409/mo

Redfin rental estimate

List your home for rent

Market trends in 98498, WA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.1%

0.5% MoM

Median sale price

$560K

$20K MoM

Avg. days on market

15d

5 days MoM

Recently sold homes

23 MoM

New listings for sale

$599,950
4 beds3 baths1,840 sq ft
8712 Wildwood Ave SW, Lakewood, WA 98498
Svetlana Baranchuk • Coldwell Banker Bain
$695,000
5 beds3 baths2,842 sq ft
10202 105th Street Ct SW, Lakewood, WA 98498
Anna Matsunaga • Keller Williams Rty Tacoma
$720,000
4 beds2.5 baths2,594 sq ft
9805 76th St SW, Lakewood, WA 98498
John Pagel • Red Moon Realty
$499,950
5 beds2 baths2,141 sq ft
8858 81st Ave SW, Lakewood, WA 98498
Isaac Schaefer • Realty One Group Turn Key
$474,000
3 beds2 baths1,567 sq ft
8816 71ST Street Ct SW, Lakewood, WA 98498
Yolanda Johnson • KW Lake Washington So
3D WALKTHROUGH
$519,000
3 beds2 baths1,443 sq ft
8509 Onyx Dr SW, Lakewood, WA 98498
Anne Watkins • Morrison House Sotheby's Intl
3D WALKTHROUGH
$799,950
3 beds2.5 baths2,590 sq ft
8205 Amber Dr SW, Lakewood, WA 98498
Marti Reeder • John L. Scott, Inc.
$599,000
5 beds2 baths2,371 sq ft
10302 Interlaaken Dr SW, Tacoma, WA 98498
Melanie Goodwin • Windermere Real Estate/PSK Inc
$485,000
3 beds2 baths1,092 sq ft
8102 Oakridge Dr SW, Lakewood, WA 98498
Nikita Krivorak • Pellego, Inc.
$759,900
5 beds4 baths3,160 sq ft
7903 Onyx Ct SW, Lakewood, WA 98498
Joy Heritage • Windermere RE West Campus Inc
See all

Provided by Redfin

Sale history for 8709 Terrace Rd SW

Year

Property tax

Land + Additions

Assessment*

2026

$4,325 (+6.7%)

$201,800 + $186,300

$388,100

2025

$4,053 (+9.5%)

$201,800 + $186,300

$388,100

2024

$3,700 (−0.5%)

$189,200 + $185,600

$374,800

2023

$3,718 (+4.7%)

$184,500 + $154,700

$339,200

2022

$3,549 (+6.4%)

$190,900 + $165,400

$356,300

2021

$3,336 (+9.1%)

$156,500 + $144,200

$300,700

2020

$3,058 (+19.0%)

$120,900 + $132,600

$253,500

2019

$2,570 (−2.4%)

$101,800 + $122,000

$223,800

2018

$2,633 (+5.4%)

$72,100 + $104,400

$176,500

2017

$2,498 (+11.5%)

$72,100 + $104,400

$176,500

2016

$2,240 (+5.7%)

$62,900 + $98,300

$161,200

2015

$2,119 (+1.0%)

$52,400 + $90,600

$143,000

2014

$2,097 (−5.7%)

$44,600 + $87,000

$131,600

2013

$2,225 (+0.4%)

$42,600 + $82,900

$125,500

2012

$2,215 (−4.3%)

$54,300 + $85,600

$139,900

2011

$2,316 (+0.9%)

$62,400 + $87,500

$149,900

2010

$2,294 (+0.6%)

$78,700 + $87,000

$165,700

2009

$2,280

$90,900 + $86,500

$177,400

Tax history for 8709 Terrace Rd SW

Year

Property tax

Land + Additions

Assessment*

2026

$4,325 (+6.7%)

$201,800 + $186,300

$388,100

2025

$4,053 (+9.5%)

$201,800 + $186,300

$388,100

2024

$3,700 (−0.5%)

$189,200 + $185,600

$374,800

2023

$3,718 (+4.7%)

$184,500 + $154,700

$339,200

2022

$3,549 (+6.4%)

$190,900 + $165,400

$356,300

2021

$3,336 (+9.1%)

$156,500 + $144,200

$300,700

2020

$3,058 (+19.0%)

$120,900 + $132,600

$253,500

2019

$2,570 (−2.4%)

$101,800 + $122,000

$223,800

2018

$2,633 (+5.4%)

$72,100 + $104,400

$176,500

2017

$2,498 (+11.5%)

$72,100 + $104,400

$176,500

2016

$2,240 (+5.7%)

$62,900 + $98,300

$161,200

2015

$2,119 (+1.0%)

$52,400 + $90,600

$143,000

2014

$2,097 (−5.7%)

$44,600 + $87,000

$131,600

2013

$2,225 (+0.4%)

$42,600 + $82,900

$125,500

2012

$2,215 (−4.3%)

$54,300 + $85,600

$139,900

2011

$2,316 (+0.9%)

$62,400 + $87,500

$149,900

2010

$2,294 (+0.6%)

$78,700 + $87,000

$165,700

2009

$2,280

$90,900 + $86,500

$177,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,460 Sq. Ft.

Year renovated

1982

Sq. Ft.

1,260

Year built

1955

Style

Single Family Residential

County

Pierce County

APN

6090000120

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 29, 2026.

Property details

Parking

Parking Information
Parking Features: Driveway

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 3
# of Bedrooms Main: 3
Bedrooms Possible: 3

Bathroom Information
# of Full Baths (Total): 1
# of Main Level Bathrooms (Total): 1
# of Full Baths (Main): 1

Room 1 Information
Room Type: Bedroom
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: Bathroom Full
Room Level: Main

Basement Information
Basement Features: None

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning
# of Fireplaces Main: 1

Heating & Cooling
Has Heating
Heating Information: Forced Air
Has Cooling
Cooling Information: Window Unit A/C

Interior Features
Interior Features: Fireplace, Wall to Wall Carpet, Water Heater
Appliances: Refrigerator(s)
Flooring: Carpet
Appliances Included: Refrigerator(s)

Exterior

Building Information
Building Information: Built On Lot
Construction Materials: Wood
Roof: Composition

Exterior Features
Exterior Features: Wood, Wood Products

Property Information
Energy Source: Electric
Sq. Ft. Finished: 1,260
Style Code: 10 - 1 Story
Property Type: Residential
Property Sub Type: Single Family Residence

Lot Information
MLS Lot Size Source: Realist- Buyer to Verify
Site Features: Cable TV,Fenced-Fully,Patio
Zoning Jurisdiction: City
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.1713
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $3,700
Tax Year: 2024

Financial Information
Listing Terms: Cash Out, Conventional, FHA
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: Lakewood Water District
Power Company: Puget Sound Energy
Sewer: Sewer Connected
Sewer Company: Pierce County Sewer
Water Heater Type: Electric

Location

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: Clover Park

Location Information
Directions: From Steilacoom Blvd SW, South on Terrace Rd SW. Home on Left.
Topography: Level

Community Information
Senior Exemption: false

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,260
Stories: 1.0
Lot Size: 7,460 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1982
County: Pierce County
APN: 6090000120

Home facts updated by county records on Jun 29, 2026

Other

Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold

Listing Date Information
On Market Date: Friday, January 17, 2025

Green Information
Power Production Type: Electric

Home Information
Living Area: 1,260
Living Area Units: Square Feet
Calculated Square Footage: 1260
MLS Square Footage Source: Realist- Buyer to Verify
Building Area Total: 1260
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Building Name: Montlake Terrace
Year Built Effective: 1982
Effective Year Built Source: Public Records
Structure Type: House
Levels: One

Around this home

Schools

Custer Elementary School

Public PreK-5 • Assigned • 0.5mi

5/10

Hudtloff Middle School

Public 6-8 • Assigned • 0.6mi

2/10

Lakes High School

Public 9-12 • Assigned • 1.6mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

11 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Lakewood, WA • 98498

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

8.8 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$428,000 – $517,000

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Isaac Schaefer • Realty One Group Turn Key

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Yolanda Johnson • KW Lake Washington So

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Marti Reeder • John L. Scott, Inc.

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Melanie Goodwin • Windermere Real Estate/PSK Inc

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Nikita Krivorak • Pellego, Inc.

Home values near 8709 Terrace Rd SW

Data from public records.

Address	Redfin Estimate
8714 Terrace Road Southwest, Lakewood, WA 3 Beds \| 1 Baths \| 1334 Sq. Ft.	$398,973
8622 Terrace Road Southwest, Lakewood, WA 3 Beds \| 1 Baths \| 1260 Sq. Ft.	$435,841

Address	Redfin Estimate
8710 Terrace Road Southwest, Lakewood, WA 3 Beds \| 1 Baths \| 1008 Sq. Ft.	$449,287
8614 Terrace Road Southwest, Tacoma, WA 3 Beds \| 1 Baths \| 1686 Sq. Ft.	$400,663

Address	Redfin Estimate
8706 Terrace Road Southwest, Lakewood, WA 3 Beds \| 1 Baths \| 1008 Sq. Ft.	$436,000
8610 Terrace Road Southwest, Lakewood, WA 3 Beds \| 1 Baths \| 1008 Sq. Ft.	$405,721

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98498, WA

Sale history for 8709 Terrace Rd SW

Tax history for 8709 Terrace Rd SW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98498

Home values near 8709 Terrace Rd SW

More real estate resources