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CondominiumResidential

7117 40th St

UNIVERSITY PLACE, WA 98466
0.22 ac
Lot SizeThe size of the land the home sits on, from county records.
1978
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.
Built 197830 units1,205–2,110 ft²
$14M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$431K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$356
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+17.7%vs the Tacoma ZIP median sale $/ft² ($302)

Sales Performance

$455K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-5.3%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
3.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+5.0%per yeartypical hold 9.1 yrsfrom 44 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19881992199920032008201620222026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19881992199920032008201620222026

74 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$350K$455K$561K$666K1,205 ft²1,386 ft²1,567 ft²1,748 ft²1,929 ft²2,110 ft²
2 bd3 bd
2 bed
28 units
3 bed
2 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 1.5 ba · 1,205 ft²
15 units
2 bd · 1.8 ba · 1,205 ft²
5 units
2 bd · 2.3 ba · 1,205 ft²
4 units
One-off layouts
6 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$350K–$350K
1 unit
$398K–$429K
11 units
$429K–$462K
11 units
$476K–$493K
3 units
$511K–$511K
1 unit
$549K–$549K
1 unit
$600K–$600K
1 unit
$666K–$666K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.43%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.23%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.9.6 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.33%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.27%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$473,605
Median tax billThe middle annual property tax bill among the building's units.$5,203
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.1

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 18Mar 9, 2026$455,000Unit 11Sep 26, 2025$499,950Unit 14Aug 13, 2025$650,000Unit 28Jul 31, 2025$475,000Unit 29Jun 17, 2025$449,000Unit 30Jun 16, 2025$480,250Unit 6May 30, 2024$365,500Unit 19Apr 18, 2023$460,000Unit 16Oct 31, 2022$413,700Unit 7Oct 12, 2022$500,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyPIERCE
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2000
Lot (acres)The size of the land the home sits on, from county records.0.22
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 547 ft²Patio · 547 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Evergreen Elementary SchoolA
Elementary · Grades KG–4 · 0.2 mi
M
Narrows View Intermediate SchoolA+
Middle · Grades 5–7 · 0.5 mi
H
Curtis Senior High SchoolA+
High · Grades 10–12 · 0.8 mi

District: University Place School District

Neighborhood · ZIP 98466These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.111
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.256

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.26%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.31,420
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,452 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$90,321
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$118,204
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.42 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.47%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

7117 40th St W
2 bd · 2.3 ba · 1,205 ft²
$426K
7117 40th St W # 2
2 bd · 1.5 ba · 1,205 ft²
$431K
7117 40th St W # 3
2 bd · 1.5 ba · 1,205 ft²
$428K
7117 40th St W
2 bd · 1.5 ba · 1,205 ft²
$431K
7117 40th St W # 5
2 bd · 2.3 ba · 1,205 ft²
$350K
7117 40th St W # 6
2 bd · 1.5 ba · 1,205 ft²
$398K
7117 40th St W
3 bd · 2.5 ba · 2,110 ft²
$600K
7117 40th St W # 8
3 bd · 2.5 ba · 1,925 ft²
$549K
7117 40th St W # 9
2 bd · 1.5 ba · 1,205 ft²
$421K
7117 40th St W # 10
2 bd · 1.5 ba · 1,205 ft²
$422K
7117 40th St W
2 bd · 1.8 ba · 1,205 ft²
$511K
7117 40th St W # 12
2 bd · 2.5 ba · 1,205 ft²
$443K
7117 40th St W # 13
2 bd · 1.8 ba · 1,205 ft²
$432K
7117 40th St W # 14
2 bd · 2.8 ba · 1,205 ft²
$666K
7117 40th St W # 15
2 bd · 1.5 ba · 1,205 ft²
$423K
7117 40th St W # 16
2 bd · 1.5 ba · 1,205 ft²
$431K
7117 40th St W
2 bd · 1.5 ba · 1,205 ft²
$425K
7117 40th St W # 18
2 bd · 1.5 ba · 1,205 ft²
$460K
7117 40th St W # 19
2 bd · 2.3 ba · 1,205 ft²
$440K
7117 40th St W # 20
2 bd · 1.8 ba · 1,205 ft²
$417K
7117 40th St W # 21
2 bd · 1.5 ba · 1,205 ft²
$429K
7117 40th St W # 22
2 bd · 1.5 ba · 1,205 ft²
$421K
7117 40th St W # 23
2 bd · 2.3 ba · 1,205 ft²
$431K
7117 40th St W # 24
2 bd · 1.8 ba · 1,205 ft²
$416K
7117 40th St W # 25
2 bd · 1.5 ba · 1,445 ft²
$476K
7117 40th St W # 26
2 bd · 2.3 ba · 1,445 ft²
$450K
7117 40th St W # 27
2 bd · 1.5 ba · 1,205 ft²
$429K
7117 40th St W # 28
2 bd · 1.5 ba · 1,205 ft²
$488K
7117 40th St W # 29
2 bd · 1.8 ba · 1,205 ft²
$462K
7117 40th St W # 30
2 bd · 1.5 ba · 1,205 ft²
$493K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 7117 40th St

How many units are in 7117 40th St, University Place, WA?

7117 40th St, University Place, WA has 30 residential units across built in 1978, according to county assessor records.

What is a unit at 7117 40th St, University Place, WA worth?

The median TopHap Estimate across the 30 units at 7117 40th St, University Place, WA is $431,069. That works out to $356 per square foot. Units run from 1,205 to 2,110 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 7117 40th St, University Place, WA expensive for Tacoma?

Units at 7117 40th St, University Place, WA carry a median of $356 per square foot, 18% above the Tacoma median of $302 per square foot.

How often do units sell at 7117 40th St, University Place, WA?

1 units at 7117 40th St, University Place, WA sold in the last 12 months, out of 74 recorded arms-length sales all time. That is a turnover rate of 3.3% of the building per year. The median sale over that period was $455K.

Have units at 7117 40th St, University Place, WA appreciated?

Across 44 repeat sales of the same unit, 7117 40th St, University Place, WA returned a median 5.0% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 9.1 years.

What floor plans does 7117 40th St, University Place, WA have?

The most common plan at 7117 40th St, University Place, WA is a 2-bedroom of 1,205 square feet, repeated 15 times, with a median estimate of $428,867. TopHap identifies 3 recurring plans in the building.

More homes on 40th St W

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Assigned schools

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