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1501 South 56th Street

1501 South 56th Street, Tacoma, WA 98408
House in South End
Sold Feb 28, 2020
$349,950
$366,147 by Vision One Mortgage Inc
Mortgage Due Feb 01, 2052
Sold Dec 14, 2017
$228,000
$223,870 by Guild Mortgage Co
Mortgage Due Jan 01, 2048
1501 South 56th Street in Tacoma, WA was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 1974. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1501 South 56th Street has 2,158 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,150 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1501 South 56th Street was last sold in Feb 17, 2020 for $349,950. According to our calculations, that's $575.58 per sqft. Prior to that sales transaction, the property was sold for $228,000 in Dec 2, 2017. Current property owners are expected to pay $4,395 in taxes per year. The property on 1501 South 56th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $423,100. To break that down further, the land itself was valued at $176,800. While improvements to the property were assessed at a total of $246,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1974
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 608
  • Gross Building Area: 168
  • Building Area: 2,158
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,158
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HOSMERS 2ND AMDY
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 20 TOWNSHIP 20 RANGE 03 QUARTER 24 HOSMERS 2ND AMDY: HOSMERS 2ND AMDY E 1/2 OF L 1 THRU 4 B 71

Ownership

  • Current Owner : CHAMBERS COLE
  • Current Owner 2: CHAMBERS ASHLEY
  • Previous Owner : MAAS VALLIE R
  • Owner Before Previous Owner: CARSON CHRISTOPHER T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tacoma Public Schools
  • Census Tract: 062502

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 803-F5
  • Parcel: 464525-3-510
  • Block: 71
  • Lot: 1
  • Meridian: SEC 20 TWN 20 RNG 03
  • Municipality: TACOMA
  • Latitude: 47.2067
  • Longitude: -122.455

    Address

  • Full Address: 1501 S 56th St
  • Address - House Number: 1501
  • Street Direction: S
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Tacoma
  • Carrier Code: C054
  • 4-Digit Zip Code: 2309
  • Zip Code: 98408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,395
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.0685
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 96
  • Final Value: 452,514
  • High Value: 483,524
  • Low Value: 421,504

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $366,147
  • First Open Lien Mortgage Lender: VISION ONE MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jan 13, 2022
  • First Open Lien Mortgage Loan Amount: $366,147
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $423,100
  • Market Land Value: $176,800
  • Market Improvement Value: $246,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $423,100
  • Assessed Land Value: $176,800
  • Assessed Improvements Value: $246,300

    Sales

  • Current Sale Contract Date: Feb 17, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Transaction ID: 11743872263
  • Current Sale Price: $349,950
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202002280274
  • Previous Sale Recording Date: Dec 14, 2017
  • Previous Sale Contract Date: Dec 02, 2017
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Feb 28, 2020
  • First Mortgage Loan Amount: $343,610
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GUILD MORTGAGE CO
  • Previous Mortgage Transaction Date: Dec 14, 2017
  • Previous Mortgage Loan Amount: $223,870
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About South End



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Frequently Asked Questions

What neighborhood is 1501 South 56th Street located in?
The 1501 South 56th Street is a house located in the neighborhood of South End in South End, Tacoma.
What is the average sales price for listings in 1501 South 56th Street?
The average sales price for units in 1501 South 56th Street is $0 currently.

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