12617 Gravelly Lake Dr SW in Lakewood sells for $1.55 million

At $1,550,000, the sale was 20% above the home's $1,286,500 market value on record. The single-family home at 12617 Gravelly Lake Dr SW in Lakewood sold August 27, 2026, according to the Pierce County Assessor-Treasurer's sales records.

An aerial photo shows trees covering much of the lot, with other houses around it.

The Assessor's records list 4 bedrooms and 3.5 bathrooms, 4,396 square feet of living area, a build year of 1955 and a 0.93-acre lot. The price works out to $353 per square foot. The last sale before this one on record was $1,215,000 in 2022, 28% below this sale price.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Pierce County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $19,262.50 for the state real estate excise tax (graduated) and $7,750 for the local real estate excise tax (0.50%). Who pays what follows Pierce County custom.

How much did the seller net?

By our estimate, the seller netted about $1,438,236. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $335,989 at closing. That covers the down payment and closing costs.

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