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5420 South Tacoma Way

5420 South Tacoma Way, Tacoma, WA 98409
Property in South Tacoma
5420 South Tacoma Way has been categorized by the local assessors in Tacoma, WA as a commercial type of property. The building on the property was first built in 1928 and is 96 years old. However, we must point out that the home was most recently renovated and altered in 1992. The building has a total of 2 stories. In addition, 5420 South Tacoma Way has 3,700 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,750 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 195 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of E by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Feb 10, 2021 for $585,000. That's $158.11 per sqft. Prior to that sales transaction, the property was also sold in Jun 28, 2016 for $129,719. 5420 South Tacoma Way was last assessed in 2022. The total value of the property was assessed at $293,900. Specifically, the land the property is located on was valued at $89,700. While improvements on the property were assessed at a total of $204,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,212. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: E
  • Construction Type: Masonry
  • Building Style: Unknown
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 195
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,750
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,700
  • Gross Building Area: 3,700
  • Building Area: 3,700
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,700
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: HUNTS PRAIRIE
  • Land Acres: 0.063
  • Standard Land Use Code: Restaurant
  • Legal Description 1: SECTION 24 TOWNSHIP 20 RANGE 02 QUARTER 14 HUNTS PRAIRIE: HUNTS PRAIRIE L 10 B 2 LESS W 10 FT FOR ALLEY

Ownership

  • Current Owner : 5420 STW LLC
  • Previous Owner : TURNER KIM S
  • Owner Before Previous Owner: KIM DUCK HEE
  • Owner Before Previous Owner 2: YANG HAK SOO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tacoma Public Schools
  • Census Tract: 062600

Zoning

  • Zoning: NCX

Geography

  • Assessors Map Reference: 803-C4
  • Parcel: 469500-0-300
  • Block: 2
  • Lot: 10
  • Meridian: SEC 24 TWN 20 RNG 02
  • Municipality: TACOMA
  • Latitude: 47.2073
  • Longitude: -122.484

    Address

  • Full Address: 5420 S Tacoma Way
  • Address - House Number: 5420
  • Street Direction: S
  • Address - Street Name: Tacoma
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Tacoma
  • Carrier Code: C012
  • 4-Digit Zip Code: 4313
  • Zip Code: 98409

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,212
  • Tax Rate Code Area: 005

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $675,000
  • First Open Lien Mortgage Lender: CONLEY PARTNERS LLC
  • First Open Lien Mortgage Recording Date: Feb 18, 2021
  • First Open Lien Mortgage Loan Amount: $675,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $293,900
  • Market Land Value: $89,700
  • Market Improvement Value: $204,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $293,900
  • Assessed Land Value: $89,700
  • Assessed Improvements Value: $204,200

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 18, 2021
  • Current Sale Transaction ID: 11820567152
  • Current Sale Price: $585,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202102180922
  • Previous Sale Recording Date: Jul 14, 2016
  • Previous Sale Contract Date: Jun 28, 2016
  • Previous Sale Amount: $129,719
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CONLEY PARTNERS LLC
  • First Mortgage Transaction Date: Feb 18, 2021
  • First Mortgage Loan Amount: $675,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About South Tacoma



Similar Buildings

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Nearby Rentals

Unit for rent at 5020 S 58th Street, Tacoma, WA, 98409

$1,695 /mo

  • 2 Beds
  • 1 Bath
5020 S 58th Street #A, Tacoma, WA, 98409 Listing by Leslie A. Deuster

Frequently Asked Questions

What neighborhood is 5420 South Tacoma Way located in?
The 5420 South Tacoma Way is a located in the neighborhood of South Tacoma in South Tacoma, Tacoma.
What is the average sales price for listings in 5420 South Tacoma Way?
The average sales price for units in 5420 South Tacoma Way is $0 currently.

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