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$480,000
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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.
Full Property Details
Full Property Details for 12703 Vernon Ave SW
General
- Sold For: $480,000
- Taxes: $5,156 (2026)
- Status: Closed
- Type: Single Family
- Source: NWMLS
- MLS ID: 2577615
- Added to Site: 36 day(s) ago
Interior
- Interior Features: Second Kitchen, Bath Off Primary, Dining Room, Fireplace, Water Heater
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Wood Burning
- Appliances: Dishwasher(s), Refrigerator(s)
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Upper - Full Baths: 2
- Main Floor Baths: 1
- Main - 1/2 Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Upper: 4
- Bedrooms Lower: 1
Additional Information
- Amenities: Deck, Fenced-Partially, RV Parking
- Security/Safety: Partially Fenced
Parking
- Garage: Yes
- Attached garage: Yes
- Covered Spaces: 2
- Parking Features: Attached Garage, RV Parking
Location
- Area: 36 - Lakewood
- County: Pierce
- Subdivision: Lakewood
- 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.
- Direction Faces: West
School Information
- High School District: Lakewood
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Water Heater: Electric
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: House
- Exterior Const.: Wood, Wood Products
- Basement Desc.: Partially Finished
- Foundation: Poured Concrete
- Roof: Composition
- Entry Location: Main
- Square Feet: 3,262
- Finished Total: 2,974 Sq. Ft.
- Unfinished Total: 288 Sq. Ft.
- Year Built: 1978
- Property Condition: Fixer
Lot Features
- Property View: Territorial
- Lot Size (Acres): 0.2204
- Lot Size (Sq. Ft.): 9,600
- Lot Size Source: County
- Topography: Level
- Lot Features: Adjacent to Public Land, Corner Lot, Curbs, Dead End Street, Drought Resistant Landscape, Paved, Sidewalk
Financial Considerations
- Tax Amount: $5,156
- Tax Year: 2026
- Terms: Cash, Conventional, Rehab Loan
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Leased Equipment, Refrigerator(s)
- Property ID: 6385100010
Listed by Spencer Gray | John L. Scott, Inc. | (253) 841-7000
Sold by Maia Alanna Sellers | Windermere Central Sound
Get Pre-Approved Today
Schools
Schools serving 12703 Vernon Ave SW
School District:Clover Park School District
| Name | Grades | Distance |
|---|---|---|
Lake Louise Elementary School 11014 Holden Road Southwest, Lakewood, WA 98498 | K-5 | 1.1 mi |
Woodbrook Middle School 11509 Holden Road Southwest, Lakewood, WA 98498 | 6-8 | 0.9 mi |
Harrison Preparatory School 9103 Lakewood Drive Southwest, Lakewood, WA 98499 | 6-12 | 3.4 mi |
Lakes High School 10320 Farwest Drive Southwest, Lakewood, WA 98498 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12703 Vernon Ave SW
Date
Details
Price
Change
Source
9/22/2026
Sold
$480,000
-7.69%
MLS
9/04/2026
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12703 Vernon Avenue SW, Lakewood, WA 98498 (MLS# 2577615) is a Single Family property that was sold at $480,000 on September 22, 2026. Want to learn more about 12703 Vernon Avenue SW? Do you have questions about finding other Single Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

