New Listing
$520,000
 $2,791 est/mo Sourced by Back At You

12703 Vernon Avenue,Lakewood, WA 98498

Lakewood, WA 98498

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Description

Create Your Dream Home by American Lake! A blank canvas in a prime location, this spacious 5-bedroom, 3.5-bath home offers 3,262 sq ft of opportunity just steps from American Lake Park and the boat launch. Largely original and ready for your vision, this property is an exciting chance to transform a well-sized home into something truly special in one of Lakewood's sought-after lake areas. The main level offers generous living spaces and room to reimagine the layout, finishes and functionality to fit your lifestyle. The large .22-acre lot provides space for outdoor living, gardening, entertaining and more. Best of all, there's no HOA, giving you greater flexibility to make the property your own. The basement adds exceptional versatility with a potential multifamily or ADU-style setup featuring 1 bedroom, living room, full bathroom, full kitchen and washer/dryer connections, plus additional unfinished space offering even more potential. Whether you envision multigenerational living, guest accommodations, rental income or a private retreat, the possibilities are worth exploring. Enjoy easy access to American Lake Park, the boat launch, recreation, shopping and JBLM. Bring your contractor and determine the possibilities! Sold As Is, May Need A Rehab Loan For Conventional Financing, Offer Review 9/14/26 @ 9am.

Details

MLS #2577615
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1978
Days On Site4
Listing Provided ByJohn L. Scott, Inc. | Spencer Gray

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet2,974
Garage2
BasementY
Story(s)2
Acreage0.22
Property ViewYes

Taxes

Property5156

Area Information

StateWA
CountyPierce
CityLakewood
Zip Code98498
Area36 Lakewood
Community NameLakewood
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Lakewood)
Price:
$520,000
low | high
Med:
$565,000
41.346153846154% of Average
sqft:
2,974
low | high
Med:
2,360
70.645595158036% of Average
$ / sqft:
$175
low | high
Med:
$239
13.077737940026% of Average
On site:
4
low | high
Med:
153
2.614379084967% of Average
Sourced by Back At You

Market Activity 98498

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Learn More About This Property

StateWA
CountyPierce
CityLakewood
Zip Code98498
Area36 Lakewood
Community NameLakewood
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Lakewood)
Price:
$520,000
low | high
Med:
$565,000
41.346153846154% of Average
sqft:
2,974
low | high
Med:
2,360
70.645595158036% of Average
$ / sqft:
$175
low | high
Med:
$239
13.077737940026% of Average
On site:
4
low | high
Med:
153
2.614379084967% of Average
Sourced by Back At You
Listing Updated: September 7, 2026 at 6:01:45 AM PDT