Set on approximately 1.34 acres, this special property offers privacy, space, & a setting that feels removed from the rush of daily life while remaining just minutes from I-5 and Highway 167. Mature trees along the front and side of the property create a natural buffer, giving the home a peaceful, tucked-away feel with room to grow, explore, and create. The 1,311-square-foot home features two bedrooms and a 3/4 bath, with a remodeled kitchen & bathroom that balance modern updates with the home’s early-1900s character. The kitchen includes new stainless steel appliances, making it both functional & inviting. From the home, back deck, & backyard, enjoy scenic views of Mount Rainier that add a quiet sense of place to everyday living. Comfort & efficiency are thoughtfully addressed with a tankless water heater, propane heat, and supplemental electric heat. A true highlight is the detached three-car garage, offering far more than parking. It features updated electrical, its own water heater, hot & cold water, a refrigerator, ample storage, and a large loft area above, ideal for hobbies, a workshop, or creative use. An attached greenhouse expands the possibilities even further, whether you enjoy gardening, projects, or simply having a flexible bonus space. Outdoors, the property includes a chicken coop and an additional storage shed, reinforcing the versatility of this 1.34-acre setting. The home is connected to Summit Water, a rare and valuable feature in this area.
Sold
Listed by: Rethinking Real Estate LLC • Susan K. Karstedt
Bought with: Windermere Prof Partners
$575,000
5318 40th Street E, Tacoma, WA 98443
2beds
1,311sqft
Single Family Residence
Built in 1907
1.34 Acres Lot
$573,200 Zestimate®
$439/sqft
$2,380 Estimated rent
Home value
$573,200
$539,000 - $613,000
$2,380/mo
Zestimate® history
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List your homeWhat's special
Attached greenhouseChicken coopRemodeled kitchen and bathroomTankless water heaterAdditional storage shedDetached three-car garageTwo bedrooms
Zillow last checked:
Listing updated:
Listed by:
Susan K. Karstedt,
Rethinking Real Estate LLC,
Don J. Karstedt,
Rethinking Real Estate LLC
Bought with:
Torrey Pond, 86421
Windermere Prof Partners
Source: NWMLS as distributed by MLS GRID,MLS#: 2469633
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Stove/Free Standing, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Ceiling Fan(s), Loft
- Flooring: Laminate
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Pellet Stove, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,311
- Total interior livable area: 1,311 sqft
Property
Parking
- Total spaces: 18
- Parking features: Driveway, Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 3
- Uncovered spaces: 15
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Fireplace, Loft, Security System, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Generator
- Has view: Yes
Lot
- Size: 1.34 Acres
- Features: Open Lot, Paved, Cable TV, Deck, Fenced-Partially, Gas Available, Green House, High Speed Internet, Outbuildings, Propane, RV Parking
- Topography: Level
- Residential vegetation: Fruit Trees, Garden Space
Details
- Parcel number: 0320134058
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl, Wood Siding
- Foundation: Block, Poured Concrete
- Roof: Composition
Condition
- Year built: 1907
- Major remodel year: 1980
Utilities & green energy
- Electric: Company: TPU
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Summit
- Utilities for property: Comcast, Comcast
Community & HOA
Community
- Security: Security System
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $439/sqft
- Tax assessed value: $458,700
- Annual tax amount: $5,163
- Date on market: 3/29/2026
- Cumulative days on market: 4 days
- Listing terms: Conventional,FHA
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Sold | $575,000$439/sqft |
Source:  NWMLS as distributed by MLS GRID #2469633 Report a problem | ||
| 1/23/2026 | Pending sale | $575,000$439/sqft |
Source: NWMLS as distributed by MLS GRID #2469633 Report a problem | ||
| 1/19/2026 | Listed for sale | $575,000+101.8%$439/sqft |
Source: NWMLS as distributed by MLS GRID #2469633 Report a problem | ||
| 12/30/2016 | Sold | $285,000+3.6%$217/sqft |
Source: NWMLS as distributed by MLS GRID #1051476 Report a problem | ||
| 11/14/2016 | Pending sale | $275,000$210/sqft |
Source: RE/MAX PROFESSIONALS #1051476 Report a problem | ||
| 11/12/2016 | Listed for sale | $275,000+67.7%$210/sqft |
Source: RE/MAX PROFESSIONALS #1051476 Report a problem | ||
| 5/8/2009 | Sold | $164,000-10.3%$125/sqft |
Source: NWMLS as distributed by MLS GRID #29029417 Report a problem | ||
| 1/20/2009 | Sold | $182,835-32.5%$139/sqft |
Source: Public Record Report a problem | ||
| 5/23/2005 | Sold | $271,000+158.1%$207/sqft |
Source: Public Record Report a problem | ||
| 3/29/1996 | Sold | $105,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,164 +11.1% | $458,700 +8.3% |
| 2023 | $4,650 +4.7% | $423,500 -1.1% |
| 2022 | $4,442 -0.3% | $428,400 +17% |
| 2021 | $4,454 +16.5% | $366,100 +18.9% |
| 2019 | $3,822 -2.2% | $307,800 +8.4% |
| 2018 | $3,909 -31.7% | $284,000 +9.5% |
| 2017 | $5,726 +1118.6% | $259,300 +73.2% |
| 2016 | $470 | $149,700 +17.2% |
| 2014 | $470 -0.3% | $127,700 +8.9% |
| 2013 | $471 | $117,300 -3.7% |
| 2012 | -- | $121,800 -23.1% |
| 2011 | -- | $158,400 -3.6% |
| 2010 | -- | $164,300 -1.9% |
| 2009 | -- | $167,500 -2.8% |
| 2008 | $2,179 | $172,400 |
| 2007 | $2,179 -11.2% | $172,400 +18.8% |
| 2002 | $2,453 +6.2% | $145,100 -1.2% |
| 2001 | $2,310 | $146,900 +12.3% |
| 2000 | $2,310 | $130,800 |
Find assessor info on the county website
Neighborhood: 98443
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Nearby schools
GreatSchools rating
- 5/10Waller Road Elementary SchoolGrades: K-6Distance: 2.1 mi
- 6/10Aylen Jr High SchoolGrades: 7-9Distance: 2.8 mi
- 7/10Puyallup High SchoolGrades: 10-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Waller Road Elem
- Middle: Aylen Jnr High
- High: Puyallup High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$573,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$573,200
- Washington
- Pierce County
- Waller
- 98443
- 5318 40th Street E
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