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502 South 40th Street

502 South 40th Street, Tacoma, WA 98418
Property in South End
Sold Sep 07, 2022
$629,719
$498,750 by Caliber Home Loans Inc
Mortgage Due Jan 01, 2051
Sold Dec 04, 2020
$535,000
$498,750 by Caliber Home Loans Inc
Mortgage Due Jan 01, 2051
Local assessors in Tacoma, WA have categorized 502 South 40th Street as a residential type of property. The home was built in 1921 and is 103 years old. It was most recently renovated and altered in 2018. The property's lot size has been calculated to be 5,100 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 502 South 40th Street has a total of 2,369 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,176 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 180 sqft. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's baseboard heaters is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 502 South 40th Street was last sold in Sep 1, 2022 for $629,719. According to our calculations, that's $253.82 per sqft. Prior to that sales transaction, the property was sold for $535,000 in Dec 1, 2020. Current property owners are expected to pay $6,002 in taxes per year. The property on 502 South 40th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $578,200. To break that down further, the land itself was valued at $168,200. While improvements to the property were assessed at a total of $410,000. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1921
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,176
  • Garage Type: Detached
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,100
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,481
  • Gross Building Area: 2,481
  • Building Area: 2,369
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 2,369
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BARWELL & GANO
  • Land Acres: 0.117
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 16 TOWNSHIP 20 RANGE 03 QUARTER 32 BARWELL & GANO: BARWELL & GANO E 85 FT OF L 1 & 2 B 1

Ownership

  • Current Owner : STEIDER GARRET
  • Current Owner 2: ACKERMAN KINA
  • Previous Owner : LUCAS SAUVAGE DEBRA
  • Previous Owner 2: PACKER WYATT
  • Owner Before Previous Owner: OBERLANDER LISA A
  • Owner Before Previous Owner 2: OBERLANDER JESSE ADAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Tacoma Public Schools
  • Census Tract: 062400

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 803-H3
  • Parcel: 234500-0-010
  • Block: 1
  • Lot: 1
  • Meridian: SEC 16 TWN 20 RNG 03
  • Municipality: TACOMA
  • Latitude: 47.2206
  • Longitude: -122.438

    Address

  • Full Address: 502 S 40th St
  • Address - House Number: 502
  • Street Direction: S
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: WA
  • City Name: Tacoma
  • Carrier Code: C011
  • 4-Digit Zip Code: 6610
  • Zip Code: 98418

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,002
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1286
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 85
  • Final Value: 570,238
  • High Value: 643,617
  • Low Value: 496,860

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $498,750
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Dec 04, 2020
  • First Open Lien Mortgage Loan Amount: $498,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $578,200
  • Market Land Value: $168,200
  • Market Improvement Value: $410,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $578,200
  • Assessed Land Value: $168,200
  • Assessed Improvements Value: $410,000

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Transaction ID: 11895570607
  • Current Sale Price: $629,719
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 402
  • Previous Sale Recording Date: Dec 04, 2020
  • Previous Sale Contract Date: Dec 01, 2020
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Dec 04, 2020
  • Previous Mortgage Loan Amount: $498,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2051

About South End



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 502 South 40th Street located in?
The 502 South 40th Street is a located in the neighborhood of South End in South End, Tacoma.
What is the average sales price for listings in 502 South 40th Street?
The average sales price for units in 502 South 40th Street is $0 currently.

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