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8220 40th Street West

8220 40th Street West, Tacoma, WA 98466
Property in University Place
Sold May 23, 1997
$175,537
$113,220 by Principal Residential Mtg Inc
Mortgage Due Jun 01, 2027
Sold Dec 30, 1993
Transfer
$119,340 by Cascade Svgs Bank Fsb
Mortgage
Local assessors in Tacoma, WA have categorized 8220 40th Street West as a residential type of property. The home was built in 1968 and is 56 years old. It was most recently renovated and altered in 1982. The property's lot size has been calculated to be 9,148 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, 3 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 8220 40th Street West has a total of 1,506 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back 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 a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8220 40th Street West sold most recently in May 21, 1997 for a total of $175,537. If you work out the math, that's approximately a cost of $90.20 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,494 in taxes each year. 8220 40th Street West was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $485,300. If we break it down further, the land itself was valued at $251,200. Improvements to the property, however, were assessed at a total of $234,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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 Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,946
  • Gross Building Area: 1,946
  • Building Area: 1,506
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,506
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 15 TOWNSHIP 20 RANGE 02 QUARTER 32 : COM AT NW COR OF W 1/2 OF NW OF SW TH ON N LI SD SUBD E 66 FT TH S PAR/W W LI SD SUBD 162 FT TO POB TH CONT S 171.5 FT TH E PAR/W N LI SD SUBD 9 FT TH S PAR/W W LI SD SUBD 23.5 FT TH E PAR/W N LI SD SUBD 9

Ownership

  • Current Owner : BEVER HARVEY D
  • Current Owner 2: MILLER BEVER LINDA LOU
  • Previous Owner : FORZANO CHRISTOPHER L
  • Previous Owner 2: FORZANO DONNA E
  • Owner Before Previous Owner: ROSE DENNIS R
  • Owner Before Previous Owner 2: ROSE SHARON M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: University Place School District
  • Census Tract: 072307

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 802-F2
  • Parcel: 022015-3-136
  • Meridian: SEC 15 TWN 20 RNG 02
  • Municipality: UNIVERSITY PLACE
  • Latitude: 47.2199
  • Longitude: -122.547

    Address

  • Full Address: 8220 40th St W
  • Address - House Number: 8220
  • Street Segment Direction: W
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: WA
  • City Name: University Place
  • Carrier Code: C023
  • 4-Digit Zip Code: 2039
  • Zip Code: 98466

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,494
  • Tax Rate Code Area: 752

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 82
  • Final Value: 528,199
  • High Value: 604,481
  • Low Value: 451,917

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $113,220
  • First Open Lien Mortgage Lender: PRINCIPAL RESIDENTIAL MTG INC
  • First Open Lien Mortgage Recording Date: May 23, 1997
  • First Open Lien Mortgage Loan Amount: $113,220
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2027

    Market Valuation

  • Market Total Value: $485,300
  • Market Land Value: $251,200
  • Market Improvement Value: $234,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $485,300
  • Assessed Land Value: $251,200
  • Assessed Improvements Value: $234,100

    Sales

  • Current Sale Contract Date: May 21, 1997
  • Current Sale Recording Date: May 23, 1997
  • Current Sale Transaction ID: 1006069560
  • Current Sale Price: $175,537
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9705230299
  • Previous Sale Recording Date: Dec 30, 1993
  • Previous Sale Contract Date: Dec 27, 1993
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRINCIPAL RESIDENTIAL MTG INC
  • First Mortgage Transaction Date: May 23, 1997
  • First Mortgage Loan Amount: $113,220
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2027

    Previous Mortgages

  • Previous Mortgage Lender: CASCADE SVGS BANK FSB
  • Previous Mortgage Transaction Date: Dec 30, 1993
  • Previous Mortgage Loan Amount: $119,340
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Assumption

About University Place



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Frequently Asked Questions

What neighborhood is 8220 40th Street West located in?
The 8220 40th Street West is a located in the neighborhood of University Place in University Place, Tacoma.
What is the average sales price for listings in 8220 40th Street West?
The average sales price for units in 8220 40th Street West is $0 currently.

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