$520,000
Est. $2,687/mo5 bd•3.5 ba•2,974 sq ft
12703 Vernon Avenue Sw, Lakewood, WA 98498
• Listed 2026-09-04•5 days on market
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Create Your Dream Home by American Lake! A blank canvas in a prime location, this spacious 5-bedroom, 3.5-bath home offers 3,262 sq ft of opportunity just steps from American Lake Park and the boat launch. Largely original and ready for your vision, this property is an exciting chance to transform a well-sized home into something truly special in one of Lakewood’s sought-after lake areas. The main level offers generous living spaces and room to reimagine the layout, finishes and functionality to fit your lifestyle. The large .22-acre lot provides space for outdoor living, gardening, entertaining and more. Best of all, there’s no HOA, giving you greater flexibility to make the property your own. The basement adds exceptional versatility with a potential multifamily or ADU-style setup featuring 1 bedroom, living room, full bathroom, full kitchen and washer/dryer connections, plus additional unfinished space offering even more potential. Whether you envision multigenerational living, guest accommodations, rental income or a private retreat, the possibilities are worth exploring. Enjoy easy access to American Lake Park, the boat launch, recreation, shopping and JBLM. Bring your contractor and determine the possibilities! Sold As Is, May Need A Rehab Loan For Conventional Financing, Offer Review 9/14/26 @ 9am.
Listed by Spencer Gray • John L. Scott, Inc.
Listing updated: September 4, 2026 at 09:08am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2577615
12703 Vernon Avenue Sw, Lakewood, WA 98498
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
Lakewood School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,247 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 4, 2026 at 09:08am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Open houses
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Open Sat, Sep 12
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$640K4 bd · 2.5 ba · 3,246 sqft
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