Listed by Windermere Prof Partners, Bought with Redfin
NOT LISTED FOR SALE

2506 S 40th St Tacoma, WA 98409

South Tacoma Neighborhood
0.19 Acre
-- Price per Acre
8,100 Sq Ft Lot

Last Sold February 25, 2025

Last sale price $60,000

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 Listed on: 04/16/2024

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

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%
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
Source: Public Records

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 Buyer Sale Price Title Company
Loc Journey By I Am Loc Shop Llc $60,000 Fidelity National Title
Allenmore Heights Llc $10,219 Puget Sound Title Tacoma
Ketcham Ellen -- None Available
Ketcham Lyman W -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allenmore Heights Llc $8,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 Compared to Growth

Source: Public Records

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
2025 $1,814 $178,600 $178,600 --
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

Agents Affiliated with this Home

  • Shannon Patterson

    Seller's Agent in 2025

    Shannon Patterson

    Windermere Corporate

    (253) 549-3628

    1 in this area

    30 Total Sales

    Shannon Patterson
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Map

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

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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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