tomo logo

$399,995

Beds
2
Baths
1.0
sq ft
990

1020 S 56th St, Tacoma, WA 98408

1020 S 56th St

Tacoma, WA 98408

  • 3 days on market
Discover a hidden gem in the heart of Tacoma! This charming 2-bedroom, 1-bathroom home offers endless potential for those ready to bring their tool belt and vision. The main house features spacious rooms filled with natural light, creating a warm and inviting atmosphere. The property also includes a detached, newly updated 1-bedroom, 1-bathroom ADU, perfect for guests, extended family, or rental income. While the home needs a little work, its prime location makes it an incredible opportunity. You'll enjoy easy access to local shops, dining, parks, and schools. Don't miss your chance to transform this diamond in the rough into your dream home!

Details

Property type

Single Family Residence

Est. home value

$369,578

Lot size

6,240 sq ft

Price per sq ft

$405

Year built

1940

Annual property taxes

$3,591

Price History

06/28/2024
NorthwestMLS

NorthwestMLS #2257026

Listed
$399,995
+6.67%
11/29/2021
NorthwestMLS

NorthwestMLS #1854829

Sold
$375,000
+94.3%
12/06/2017
NorthwestMLS

NorthwestMLS #1194089

Sold
$193,000
+93.97%

Schools & Community

Neighborhood: 

South End

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Tacoma

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,525
Asking price
$399,995
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$365,470
Cash to seller
$2,525

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

November 2021

Original loan amount

$386,804

Est. remaining balance

$365,470

Interest rate

3.01%

Loan type

VA, 30 year

Seller

Stephen Norris

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 06/30/2024 at 7:35 PM

Listing updated: 06/29/2024 at 5:05 AM

Listed by: Musab El-Himri, Premier Real Estate Partners Phone #: (253) 448-3658

MLS: NorthwestMLS #2257026

NorthwestMLS logo

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