Sold224d on market
16 Loch Lane SW
Lakewood, WA, 98499 • Tyee Park • Pierce County
$1,150,000
$310/sqft
4Beds
5Baths
3,708Sqft
0.52 acLot
1951Built
Property DNA
Waterfront Property
Medium Bank, Lake
Lake Views
Lake
Traditional Style
Built 1951 · 75 years of history
Gravelly Lake
Tyee Park
Outdoor Living
Bath Off Primary · Dining Room · Fireplace · French Doors · Skylight(s) · Water Heater
3 Fireplaces
Wood Burning · Lower Level: 1 · Main Level: 2 · Fireplace
3-Car Garage
Detached Garage · Off Street
Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
17 views
People checking out this listing
224 days on market
Established listing
$310/sqft
Price per square foot
About this home
Single Family · Built 1951
MOTIVATED SELLER! 1 level living w/75' of western exposure waterfront on Gravelly Lake! This traditional house sits at the end of quiet Loch Ln and offers a functional layout that can accommodate a variety of lifestyles. Main level has 3 bedrooms / 2.75 bath + partially finished daylight basement acts as a large 4th bedroom w/ a dedicated 3/4 bath. Detached garage has a large finished office w/ 3/4 bath, but could easily convert to an ADU. Multiple expansive decks are perfect for entertaining or watching the nightly sunsets. Newer 450sf composite dock provides endless opportunities for water enthusiasts. House needs some repair/updating but offers a rare opportunity and incredible value for anyone seeking a unique lake-front lifestyle.
Standout features identified
Our analysis highlights partially finished daylight basement, composite dock, and functional layout as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,157/month
Principal & Interest$5,623
Property Tax$1,150
Insurance$383
Down payment20% ($230,000)
3%50%
Est. 6.18% rate · 30yr fixed · $920,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1951
HeatingFireplace, Forced Air, Electric, Natural Gas
CoolingNone
Parking3 Garage spaces
Lot0.52 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional
ConditionFair
Year built1951
Stories1
Systems
HeatingFireplace, Forced Air, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: Lakewood Water / Sewer Connected, Company: Pierce County
Parking & Outdoor
ParkingDetached Garage, Off Street
Garage3 spaces
BasementDaylight,Partially Finished
Fireplaces3
Lot0.52 Acres
Location & Tax
NeighborhoodTyee Park
ZoningR2
Annual tax$11,463
Parcel5315000270
Bathrooms & Fees
Full baths2
Features & details
13 categories of property features
Interior Features
Interior
Bath Off Primary
Dining Room
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Gas
Water Heater Location: Garage & Basement
Flooring
Hardwood
Laminate
Heating
Fireplace
Forced Air
Electric
Natural Gas
Cooling
None
Fireplace
Wood Burning
Lower Level: 1
Main Level: 2
Fireplace
Windows
Skylight(s)
Exterior Features
Parking
Detached Garage
Off Street
Construction
Wood Siding
Wood Products
Patio & Porch
Bath Off Primary
Dining Room
Fireplace
French Doors
Skylight(s)
Water Heater
Lot Features
Dead End Street
Paved
Cable TV
Deck
Dock
Fenced-Partially
Patio
Sprinkler System
Views
Lake
Utilities
Comcast / Century Link
Comcast / Century Link
Room details
17 rooms detailed
Master Bedroom
MainBedroom
MainBedroom
MainBedroom
LowerBathroom Full
MainBathroom Full
MainListing insights
Market data and value estimates
StatusSold
Days on market224
Est. value$1,133,100
Est. rent$5,035/mo
Tax rate0.88%
Price/sqft$310
On marketAug 3, 2025
PostedMay 15, 2025
Last sold$1,150,000
MLS statusSold
MLS updatedSep 25, 2025
Tour days6
Views17
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98499
Price history
6 events
DateEventPrice$/sqftSource
Aug 25, 2025Sold$1,150,000$310NWMLS as distributed by MLS GRID
Jul 19, 2025Pending Sale$1,299,000$350NWMLS as distributed by MLS GRID
Jul 9, 2025Listed For Sale$1,299,000$350NWMLS as distributed by MLS GRID
Jun 28, 2025Pending Sale$1,299,000$350NWMLS as distributed by MLS GRID
Jun 9, 2025Price Change$1,299,000$350NWMLS as distributed by MLS GRID
May 15, 2025Listed For Sale$1,349,000$364NWMLS as distributed by MLS GRID
Sold$1,150,000
Aug 25, 2025•$310/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,299,000
Jul 19, 2025•$350/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,299,000
Jul 9, 2025•$350/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,299,000
Jun 28, 2025•$350/sqft•NWMLS as distributed by MLS GRID
Price Change$1,299,000
Jun 9, 2025•$350/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,349,000
May 15, 2025•$364/sqft•NWMLS as distributed by MLS GRID
Tax history
13 years of records
YearTax paidAssessed value
Apr 7, 2024$11,463$1,124,500
Apr 7, 2023$11,653$1,079,400
Apr 7, 2022$11,907$1,152,700
Apr 7, 2021$11,310$967,800
Apr 7, 2019$8,745$780,900
Apr 7, 2018$11,030$730,300
Apr 7, 2017$9,523$745,200
Apr 7, 2016$9,688$608,100
Apr 7, 2014$9,688$611,100
Apr 7, 2013$8,099$597,900
Apr 7, 2012—$513,900
Apr 7, 2011—$569,200
Apr 7, 2010—$667,600
Nearby homes
Neighborhood details
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Carter LakeCusterDowerIdlewildLake LouiseLakeviewOakbrookOakwoodPark LodgeTyee Park
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98438984399849398496984979849898499
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 07:33:33 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
No obligation · Same-day response