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15401 Grant Avenue SW, Lakewood, WA, 98498

3beds
1baths
1,664sqft
$399,000
$240price/sqft
$2,637/moest. monthly cost
$105,480/yrincome needed

About This Home

Explore your options with a move-in-ready 3BR 1664 sq ft home, plus a rare opportunity to also expand and develop your property. This jewel is situated on a level .63 acre lot featuring a functional one-story layout with a finished basement, offering flexible living options. The main level includes two bedrooms, a full bath, refreshed kitchen, living and dining area, while the finished basement adds a third bedroom along with expansive bonus spaces ideal for a media room, home office, gym, hobby area, or multigenerational living. This versatile property offers incredible possibilities for homeowners and investors, alike. The oversized lot provides abundant space for RV and boat parking, outdoor entertaining, gardening, or potential future expansion or development. With its location just a couple of minutes from JBLM, Camp Murray, I-5, public transit and near shopping, recreation and hospitals, this is a great opportunity own in one of Lakewood’s most accessible neighborhoods. Call and schedule a tour!

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
56
BikeBikeable

Schools

3/10
4/10
Woodbrook Middle SchoolGrades 6-82.2 mi
4/10
Clover Park High SchoolGrades 9-123.2 mi

Construction

Condition

  • Year built: 1953

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story w/Bsmnt.
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Stove(s)/Range(s),Refrigerator(s)

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom Full

  • Level: Main

Bedroom

  • Level: Lower

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Window features: Dbl Pane/Storm Window
  • Flooring: Hardwood,Vinyl,Carpet
  • Fireplace features: Wood Burning

Heating & Cooling

  • Heating features: Forced Air,Electric,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 1,664
  • Total interior livable area: 1,664 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Lower

Utility Room

  • Level: Garage

Property

Details

  • Parcel number: 2200000731
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Dbl Pane/Storm Window
  • Topography of land: Level

Lot

  • Lot size: 0.63 Acres
  • Features: Curbs,Paved,Fenced-Partially,Patio,RV Parking

Parking

  • Total spaces: 1
  • Parking features: Attached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 1

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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$105$1,260
Property Taxes $366$4,392
Electricity $149$1,793
Total$2,637$31,644
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$90,411/yr
40% on housing$79,110/yr
45% on housing$70,320/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$240This listing

vs Other Active Listings

Avg $/sqft

ZIP 98498$255
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98498$320
Pierce County$312

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

DateEventPrice
2026-07-29Price change$399,000
2026-07-11Listed for sale$499,000
2020-02-22Listing removed$1,550
2020-02-20Listed for rent$1,550
2006-11-27Sold$180,000

For Sale by Agent

AgentDavina L. Clardy
BrokerageJohn L. Scott Dupont

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