NOT LISTED FOR SALE

8011 40th St W University Place, WA 98466

Estimated Value: $713,770 - $803,000

4 Beds
1 Bath
2,726 Sq Ft
$277/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $502,000 $184 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,825/month

8 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Gazebo
  • Evergreen Primary School Rated A
  • 2 Fireplaces
  • Attached Garage

About This Home

As of May 2020

Well maintained & nicely updated UP gem. Enjoy hrdwds on the main, updated KIT & spacious utility rm. Features a newer roof & updated electrical panel, copper plumbing, insulation in crawl space & solar blanket, thermal windows, heat pump, solar circulating fans in attic & the crawlspace. Attached one-CG & carport. Landscaped .20 acre lot w/sprinkler system & fenced bkyd w/patio, deck, new gazebo & storage shed. Great location near shopping, restaurants & bus lines. FHA & VA Buyers Welcome!

Last Listed By

Jeff Hannem

Red Moon Realty License #73289 Listed on: 03/26/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1580484

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,212

Year Built

  • Built in 1954

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Community Details

  • University Place Community

Listing and Financial Details

  • Assessor Parcel Number 022015-2-058

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,212

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 11 - 1 1/2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dining Room, Skylights
  • Floor Covering: Ceramic Tile, Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2726
  • Square Footage Finished: 2726

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition, Torch Down

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Forced Air, Stove/Free Standing
  • Power Company: TPU
  • Sewer: Sewer Connected
  • Sewer Company: TPU
  • Water Company: TPU
  • Water Heater: Garage-Electric/Garage
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: University Place

Schools

  • School District: UNP

Lot Info

  • Lot Details: Paved Street, Sidewalk
  • Lot Sq Ft: 9072
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 022015-2-058
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 5924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
May 15, 2020
Sold by
Raggio Michael W and Raggio Audrey J
Bought by
Martinez Joshua G and Miller Fraser E
Seller's Agent
Jeff Hannem
Red Moon Realty
Buyer's Agent
Elsa Borgen
Engel & Voelkers Chambers Bay
List Price
$529,950
Sold Price
$502,000
Premium/Discount to List
-$27,950
-5.27%
Total Days on Market
8
Current Estimated Value
$754,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,693
Avg. Annual Appreciation
9.12%
Original Mortgage
$459,458
Outstanding Balance
$414,197
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$363,210

Range of Values:

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Average Value
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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
Martinez Joshua G $502,000 Tc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Joshua G $459,458
Previous Owner Raggio Michael W $50,000
Previous Owner Raggio Michael W $162,800
Previous Owner Raggio Michael W $162,000
Previous Owner Raggio Michael W $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2020 05/26/20 Sold $502,000 -5.3% $184 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $529,950 -- $194 / Sq Ft
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
2024 $7,212 $632,100 $306,600 $325,500
2023 $7,212 $608,400 $273,100 $335,300
2022 $6,602 $622,200 $273,100 $349,100
2021 $6,180 $446,700 $187,000 $259,700
2019 $4,939 $408,300 $158,800 $249,500
2018 $5,445 $381,800 $131,100 $250,700
2017 $4,882 $348,200 $108,700 $239,500
2016 $4,851 $290,800 $82,700 $208,100
2014 $4,071 $279,800 $77,100 $202,700
2013 $4,071 $248,800 $70,100 $178,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeff Hannem

    Red Moon Realty

    (253) 861-9910

    3 Total Sales

    Jeff Hannem
    Section Image
  • Elsa Borgen

    Buyer's Agent in 2020

    Elsa Borgen

    Engel & Voelkers Chambers Bay

    (253) 606-8212

    2 in this area

    36 Total Sales

    Elsa Borgen
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1580484

Northwest Multiple Listing Service (NWMLS)

APN: 022015-2058

Washington Pierce County University Place 98466

8011 40th St W, University Place, WA

Homes for Sale in University Place, WA

This home is located at 8011 40th St W, University Place, WA 98466 since 26 March 2020 and is currently estimated at $754,693, approximately $276 per square foot. This property was built in 1954. 8011 40th St W is a home located in Pierce County with nearby schools including Evergreen Primary School, Narrows View Intermediate School, and Curtis Junior 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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