12703 Vernon Avenue SW, Lakewood, WA 98498

$520,000
5
BD
4
BA
2,974
SqFt

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Listing courtesy of John L. Scott, Inc..

List Price
$520,000
Status
ACTIVE
MLS#
2577615
Days on Market
6
Bedrooms
5
Finished SqFt
2,974
Area Total SqFt
3262
Annual Tax Ammount
5156
Lot Size (sq ft)
9,600
Fireplace
Yes
Sewer
Sewer Connected
Offer Review Date
2026-09-14

Property 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.

Additional Information

Community
Lakewood
Style
18 - 2 Stories w/Bsmnt
Basement
Partially Finished
Year Built
1978
Total Covered Parking
2
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially, RV Parking
Tax Year
2026
School District
Lakewood
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Potential Terms
Cash, Conventional, Rehab Loan
Interior Features
Second Kitchen, Bath Off Primary, Dining Room, Fireplace, Water Heater
Flooring
Vinyl, Carpet
Driving Directions
From I5, take the Gravelly Lake Dr SW Exit #124, at the second roundabout, follow Veterans Dr SW, follow to the roundabout, and take Vernon Road, first home on the left.
Appliance
Dishwasher, Refrigerator
Appliances Included
Dishwasher(s), Refrigerator(s)
Water Heater Location
Basement
Water Heater Type
Electric
Energy Source
Electric, Wood
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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