8705 Terrace Rd
Lakewood, WA 98498
3 bd 1 ba 1,242 sqft Built 1955 Lot 7,460 sqft single_family
Most recent sale
$420,000
Jun 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 10, 2026 | Listed for rent | $2,390 | NWMLS |
| Jun 16, 2022 | Sold | $420,000 | MLS #1928869 |
| May 7, 2022 | Listed | $399,000 | MLS #1928869 |
| Jan 18, 2017 | Sold | $207,000 | MLS #1045068 |
| Oct 21, 2016 | Listed | $209,950 | MLS #1045068 |
| May 28, 2014 | Sold | $169,000 | MLS #581739 |
| Mar 29, 2014 | Price changed | $172,000 | MLS #581739 |
| Mar 3, 2014 | Listed | $174,000 | MLS #581739 |
| Oct 14, 2005 | Sold | $192,000 | Public Record |
| Jun 25, 1999 | Sold | $119,950 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $219,800 | $201,800 | $421,600 | $4,642 |
| 2025 | $219,800 | $201,800 | $421,600 | $4,321 |
| 2024 | $178,500 | $184,500 | $363,000 | $3,949 |
| 2023 | $190,800 | $190,900 | $381,700 | $3,972 |
| 2022 | $166,400 | $156,500 | $322,900 | $3,801 |
| 2021 | $166,400 | $156,500 | $322,900 | $3,569 |
| 2020 | $151,100 | $120,900 | $272,000 | $3,302 |
| 2019 | $140,600 | $101,800 | $242,400 | $2,736 |
| 2018 | $131,100 | $95,000 | $226,100 | $2,818 |
| 2017 | $117,200 | $72,100 | $189,300 | $2,681 |
| 2016 | $110,500 | $62,900 | $173,400 | $2,409 |
| 2015 | $101,800 | $52,400 | $154,200 | $2,287 |
| 2014 | $97,800 | $44,600 | $142,400 | $2,261 |
| 2013 | $93,100 | $42,600 | $135,700 | $2,299 |
| 2012 | $90,500 | $54,300 | $144,800 | $2,285 |
| 2011 | $92,400 | $62,400 | $154,800 | $2,382 |
| 2010 | $91,900 | $78,700 | $170,600 | $2,355 |
| 2008 | $91,900 | $101,800 | $193,700 | $2,384 |
| 2007 | $93,800 | $101,800 | $195,600 | $2,352 |
Property facts
Year built
1955
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
1,242 sqft
Lot size
7,460 sqft
ZIP code
98498
City
Lakewood
Street
Terrace Rd
Coordinates
47.17785, -122.54998
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,857
Gross rental yield
8.16%
Implied cap rate
5.31%
Trend-extrapolated value
—
Frequently asked questions
When did 8705 Terrace Rd last sell?
8705 Terrace Rd most recently sold on Jun 16, 2022 for $420,000.
What is the current tax assessment for 8705 Terrace Rd?
The most recent total assessment for 8705 Terrace Rd (year 2026) is $421,600 with $4,642 in property tax.
How does 8705 Terrace Rd's assessment compare to its last sale price?
The current assessment is 0.4% above the last sale price of $420,000.
When was 8705 Terrace Rd built?
8705 Terrace Rd was built in 1955.
How does 8705 Terrace Rd compare to others on Terrace Rd?
We track 8 other properties on Terrace Rd. Browse the list under "Other properties on Terrace Rd" to compare beds, baths, and sale history.
What are the property facts for 8705 Terrace Rd?
8705 Terrace Rd is a 3 bed, 1 bath, 1,242 sqft, 7,460 sqft lot single_family.
Is 8705 Terrace Rd a flip candidate?
No — 8705 Terrace Rd does not appear in our flips dataset.
Is 8705 Terrace Rd a tax-appeal candidate?
No — 8705 Terrace Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.6%
Implied 1-yr
+10.5%
2026 Q3
$657.8K
2026 Q4
$672.6K
ZIP 98498 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Rd