Listed by Windermere Prof Partners, Bought with Redfin
$60,000
SOLD FEB 25, 2025

2506 S 40th St Tacoma, WA 98409

South Tacoma Neighborhood
0.19 Acre
$322,581 Price per Acre
8,100 Sq Ft Lot

Recently Sold

40% Below List Price

284 Days on Market

About This Lot

As of February 2025

Mixed use lot in an area of Tacoma that is continually growing. Partially secluded property located close to I-5 freeway, Tacoma Mall, shopping and much more. This lot is zoned for mixed use for residential or commercial projects. Many opportunities to improve this lot for personal or investment use. Septic system may be an option to City sewer. Priced well below assessed value. Call LB with any questions. Buyer to verify all information with City of Tacoma to buyer's satisfaction.

Last Agent to Sell the Property

Shannon Patterson

Windermere Prof Partners License #51995

Windermere Prof Partners

Last Buyer's Agent

Jennifer Buday

Redfin License #125899

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2223265

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • 8,100 Sq Ft Lot
  • Zoning described as Commercial,Multi-Family,Residential,See Remarks

Schools

  • Reed Elementary School
  • Giaudrone Mid Sch Middle School
  • Foss High School

Community Details

  • No Home Owners Association
  • Tacoma Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4647000090

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush
  • AssessmentFees: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 325

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: Access Easement
  • WaterJurisdiction: City of Tacoma

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available
  • ElectricityStatus: Available
  • GasStatus: Not Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Giaudrone Mid Sch

Lot Info

  • Parcel Number: 4647000090
  • Lot Size Acres: 0.186
  • Lot Size Sq Ft: 8100
  • Zoning Description: Commercial,Multi-Family,Residential,See Remarks
  • Zoning: UCX
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1814

MLS Schools

  • Elementary School: Reed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Feb 24, 2025
Sold by
Allenmore Heights Llc
Bought by
Loc Journey By I Am Loc Shop Llc
Seller's Agent
Shannon Patterson
Windermere Prof Partners
Buyer's Agent
Jennifer Buday
Redfin
List Price
$99,500
Sold Price
$60,000
Premium/Discount to List
-$39,500
-39.7%
Total Days on Market
284
Views
157

Purchase Details

Closed on
Mar 1, 2016
Sold by
Ketcham Ellen G
Bought by
Allenmore Heights Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,500
Interest Rate
3.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 22, 2012
Sold by
Ketcham Ellen
Bought by
Ketcham Ellen and Estate Of Lyman W Ketcham

Purchase Details

Closed on
Jul 23, 1997
Sold by
Ketcham Lyman W
Bought by
Ketcham Lyman W and Ketcham Ellen G

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 Fidelity National Title
Warranty Deed $10,219 Puget Sound Title Tacoma
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $324,000 Credit Line Revolving
Previous Owner $8,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $60,000 -20.0% --
01/25/2025 01/25/25 Pending -- -- --
07/03/2024 07/03/24 Price Changed $75,000 -24.6% --
04/16/2024 04/16/24 For Sale $99,500 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,814 $162,400 $162,400 --
2023 $1,814 $162,400 $162,400 $0
2022 $708 $162,400 $162,400 $0
2021 $775 $61,000 $61,000 $0
2019 $670 $55,800 $55,800 $0
2018 $736 $51,000 $51,000 $0
2017 $750 $46,200 $46,200 $0
2016 $636 $36,400 $36,400 $0
2014 $643 $36,400 $36,400 $0
2013 $643 $36,400 $36,400 $0
Source: Public Records

About the Listing Agent

Shannon Patterson
Shannon Patterson

Windermere Prof Partners

(253) 549-3628

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View Shannon's Profile

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    This charming condo in an excellent location is the one you’ve been waiting for! Featuring fresh interior paint, new carpet, new flooring & a new dishwasher, this unit is move-in ready. As one of the few condos with its own washer & dryer, it offers an added touch of convenience. Enjoy the elegance of plantation-style white shutters that provide both privacy & natural light. Stay comfortable

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2223265

Northwest Multiple Listing Service (NWMLS)

APN: 464700-0090

Washington Pierce County Tacoma 98409 South Tacoma

2506 S 40th St, Tacoma, WA

Homes for Sale in Tacoma, WA

This home is located at 2506 S 40th St, Tacoma, WA 98409 and is currently priced at $60,000. 2506 S 40th St is a home located in Pierce County with nearby schools including Jennie Reed Elementary School, Angelo Giaudrone Middle School, and Foss High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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