new - 6 days on rocket

12311 Gravelly Lake Dr SW, Lakewood, WA, 98499

$989,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
1 Full Bath, 1 Partial
2,905 SqFt
$340/SqFt
House

Location

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12311 Gravelly Lake Dr SW, Lakewood$989,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

ParkingAttached Garage, RV Parking
Attached Garage2 spaces
Year Built1963
HeatingForced Air, Heat Pump
CoolingCentral Air
MLS #2310422
Lot Size0.68 Acres
StatusActive

About 12311 Gravelly Lake Dr SW

This beautifully upgraded 5-bedroom, 2.25-bath home offers over 2,900 sq ft of refined living on a sprawling .68-acre lot in the heart of Lakewood. Thoughtfully designed, the main floor features a spacious primary suite, while the newly updated kitchen is a dream for entertaining. With 2 bedrooms upstairs and 2 more down, you’ll find endless possibilities to create a guest suite, home office, or personal retreat. Modern upgrades include AC, whole-house generator, a pristine garage, an inviting outdoor patio, and abundant parking. Perfectly located near Gravelly Lake, TCGC, and Lakewold Gardens, this home provides an unmatched private lifestyle in a coveted area. Don’t miss this rare opportunity to own a one-of-a-kind Lakewood estate.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Living Area: 2,905 SqFt

Listing Office:

  • Office Name: Morrison House Sothebys Intl
  • Office Phone: (253) 581-5100
  • Listing Agent: Chelsea Kelley

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Stone, Carpet
  • Interior: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Hardwood, High Tech Cabling, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Wall to Wall Carpet, Wired for Generator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Wood, Wood Products

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, RV Parking

Virtual/3D Tour

  • Virtual Tour: 12311 Gravelly Lake Dr SW
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Lot Features

Lot Information:

  • Lot: Open Lot, Paved, Secluded
  • Lot Size: 0.68 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South on I-5 to Exit 124,turn right on Gravelly Lake Dr SW.House on right next to Lakewood Gardens.

Price Information

Listing Price Info

Price Summary:

  • List Price: $989,000
  • Price Per SqFt: $340/SqFt

Tax Information:

  • Annual Amount: $7,112
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lakewood, WA.

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Lakewood, WA

City

Med. Sold Price

$510K

Med. Price/SqFt

$305

Avg. Days On Market

46

# of Sold Homes

39

12311 Gravelly Lake Dr SW vs Lakewood

6 DAYS ON ROCKET

-40 Days

$989,000

+$479K More

$340/SqFt

+$34 More

KEY TAKEAWAY

This property is $479K more than the Median Sold Price and $34/SqFt more than other homes in Lakewood, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2310422

Listing Office:

  • Office Name: Morrison House Sothebys Intl
  • Office Phone: (253) 581-5100
  • Listing Agent: Chelsea Kelley

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:17:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 27, 2020Home Sold
$671,791
Jul 07, 2008Home Sold
$386,000
Jul 03, 2006Home Sold
$549,950
Mar 10, 1989Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,112$552,500
2020$6,326$552,500
2018$6,008$437,500
2017$6,009$410,400

History based on county public records data.

Payment Calculator

$5,004

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,032

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4313507
3
/10

  • Idlewild Elementary School

  • 10806 Idlewild Rd SW

  • 1.03 miles

  • Public District Grades KG-5

school-card-donut-4313508
6
/10

  • Carter Lake Elementary School

  • 3420 Lincoln Blvd SW

  • 1.36 miles

  • Public District Grades KG-5

school-card-donut-4313509
3
/10

  • Tyee Park Elementary School

  • 11920 Seminole Rd SW

  • 1.41 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,390. Most Lakewood, WA residents have annual incomes less than $35k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12311 Gravelly Lake Dr SW

What is the listing price of this property?

The listing price of 12311 Gravelly Lake Dr SW property is $989,000.

What type of property is this?

The property 12311 Gravelly Lake Dr SW is a house located in Lakewood, Washington, 98499.

Is this property for sale now?

Active Listing: 12311 Gravelly Lake Dr SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,112 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 27, 2020 for $671,791. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 12311 Gravelly Lake Dr SW has 5 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 12311 Gravelly Lake Dr SW is 2,905 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12311 Gravelly Lake Dr SW is 1963.

Rocket Homes›Washington›Pierce County›Lakewood›98499›12311 Gravelly Lake Dr SW

This home is located at 12311 Gravelly Lake Dr SW in Lakewood, WA and zip code 98499. This 2,905 square foot home, which was built in 1963, sits on a 0.68 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $989,000.

In November 2024 more than 10 listings in Lakewood, WA were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 13 were sold below. Between October 2024 and November 2024, Lakewood, WA real estate market has seen decrease in the number of listings by 11.1%. In November 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $510,000.

From Rocket Homes Real Estate and based on county public records data.

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