8406 Paine Street SW, Lakewood, WA, 98499
About This Home
Exceptional and truly one-of-a-kind property offering a rare combination of space, flexibility, and functionality. Situated on a large lot with the added benefit of a private well, this home features generously sized rooms throughout, providing a comfortable and open living environment. The spacious primary suite is conveniently located on the main level, offering ease of access and privacy. A centrally located bonus room serves as an ideal gathering space for entertaining guests, hosting events, or creating a recreation area. The upper level includes a bedroom, a finished bonus room, a ¾ bathroom, and a full kitchen. This versatile space can be utilized as an additional dwelling unit, offering excellent potential for multi-generational living or guest accommodations. Outside, you'll find detached parking and an impressive oversized workshop, perfect for hobbyists, craftspeople, vehicle enthusiasts, or anyone in need of substantial workspace and storage. The home also features a partial unfinished basement with a second fireplace, providing additional storage and future expansion possibilities. Conveniently located near shopping, dining, schools, and major transportation routes, this unique property offers endless opportunities to make it your own.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1941
Materials
- Foundation: Poured Concrete
- Roof: Composition,Flat
- Construction materials: Brick,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Stories w/Bsmnt
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater: Electric,Water Heater Location: Bsement
Basement
- Has basement: Yes
- Basement: Partially Finished
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Second
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 4
Dining Room
- Level: Main
Entry Hall
- Level: Main
Family Room
- Level: Main
Features
- Bath Off Primary,Dining Room,Sauna
- Window features: Dbl Pane/Storm Window,Skylight(s)
- Flooring: Engineered Hardwood,Vinyl,Carpet
- Number of fireplaces: 3
- Fireplace features: Electric,Wood Burning,Lower Level: 1,Main Level: 2,Fireplace
- Fireplace: Yes
Great Room
- Level: Main
Heating & Cooling
- Heating features: Fireplace,Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,834
- Total interior livable area: 2,834 sqft
Kitchen With Eating Space
- Level: Main
Kitchen Without Eating Space
- Level: Second
Living Room
- Level: Second
Master Bedroom
- Level: Main
Other
- Level: Main
Other
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 0220341047
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Second Kitchen,Second Primary Bedroom,Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Fireplace,Fireplace (Primary Bedroom),Sauna,Skylight(s),Water Heater
- Has view: Yes
- View description: Territorial
- Topography of land: Level
- Residential vegetation: Garden Space
Lot
- Lot size: 0.38 Acres
- Features: Paved,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio,RV Parking,Shop
- Lot size dimensions: 119 x 135
Parking
- Total spaces: 7
- Parking features: Detached Carport,Driveway,Off Street,RV Parking
- Covered spaces: 1
- Uncovered spaces: 6
- Carport: Yes
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
- Winter Weather
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 | $3,337 | $40,044 |
| Home Insurance * | $185 | $2,220 |
| Property Taxes | $581 | $6,972 |
| Electricity | $193 | $2,326 |
| Total | $4,296 | $51,552 |
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 |
|---|---|---|
| 2026-08-11 | Price change | $649,999 |
| 2026-07-22 | Price change | $659,950 |
| 2026-06-18 | Listed for sale | $675,000 |
| 2023-04-07 | Listing removed | -- |
| 2023-03-27 | Listed for rent | $1,100 |
| 2023-03-17 | Listing removed | -- |
| 2023-03-13 | Listed for rent | $1,100 |
| 2010-12-30 | Sold | $166,591 |
View on Zillow