8902 Forest Road SW, Lakewood, WA, 98498
About This Home
MUST SEE! LIVING WITH EXTRA INCOME FROM ADU! THIS UNIQUE PROPERTY features 2 separates home with different address on ONE PARCEL. Excellent income potential or Generation living, main home 8902 Forest Rd. SW has 988 sf home include Bonus room or hobby room, Kitchen, Living room, Dining room, full bathroom and Laundry room, Exterior Deck with access to unfinished basement. Detached ADU 8901 Rose Rd. SW. has 612 sf. feature 1 Bedroom, 3/4 bath and 1 detached car garage. Built in Murphy bed, living room with Kitchen that included Refrigerator, Stove and Washer/Dryer. Few blocks to American Lake park and boat launch. Easy to Freeway and close to all other services. ADU contractor lock box code 147# it will need same code to closed.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1986
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dryer(s),Refrigerator(s),Washer(s)
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Flooring: Laminate
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 988
- Total interior livable area: 1,600 sqft
Property
Details
- Parcel number: 0219212069
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.26 Acres
Parking
- Parking features: Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,780 | $33,360 |
| Home Insurance * | $145 | $1,740 |
| Property Taxes | $525 | $6,300 |
| Electricity | $149 | $1,793 |
| Total | $3,599 | $43,188 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-06 | Listed for sale | $549,950 |
| 2025-07-09 | Sold | $400,000 |
| 2025-05-20 | Pending sale | $400,000 |
| 2025-05-03 | Listed for sale | $400,000 |
| 2006-03-28 | Sold | $135,000 |
| 2002-07-31 | Sold | $139,000 |
| 2000-12-26 | Sold | $107,032 |
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