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5015 S Thompson Avenue, Tacoma, WA, 98408

2beds
1baths
588sqft
$280,000
$476price/sqft
$1,895/moest. monthly cost
$75,800/yrincome needed

About This Home

Don't miss this charming 1 bedroom, 1 bath home sitting on a generous lot with serious upside! Whether you're a first-time buyer, downsizing, or looking to invest, this property checks all the boxes. Inside you'll find a bright, functional layout that's easy to live in. The kitchen offers comfortable everyday functionality, & the living space flows naturally for low-maintenance living. The real story here is the lot — plenty of room to spread out, garden, or explore ADU/second dwelling potential (buyer to verify w/ City of Tacoma). Alley access at the rear opens up extra possibilities for parking, storage, or future development with some configuring. Located close to shopping, schools, & easy access to I-5. Schedule your showing today!

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

7/10
Mann Elementary SchoolGrades PK-50.2 mi
3/10
2/10
Lincoln High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1967

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Entry Hall

  • Level: Main

Features

  • Number of fireplaces: 1
  • Fireplace features: Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Ductless,Electric
  • Cooling features: Ductless

Interior Area

  • Total structure area: 588
  • Total interior livable area: 588 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 7785002410
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Fireplace
  • Topography of land: Level

Lot

  • Lot size: 5,749 sqft
  • Features: Curbs,Paved,Sidewalk

Parking

  • Parking features: Driveway,Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,415$16,980
Home Insurance *$82$984
Property Taxes $249$2,988
Electricity $149$1,793
Total$1,895$22,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,971/yr
40% on housing$56,850/yr
45% on housing$50,533/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$476This listing

vs Other Active Listings

Avg $/sqft

ZIP 98408$205
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98408$289
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-14Pending sale$280,000
2026-08-03Listed for sale$280,000
2026-07-15Pending sale$280,000
2026-07-10Listed for sale$280,000
2018-08-08Sold$122,000
2000-04-04Sold$57,588

For Sale by Agent

AgentBerklee Olson
BrokerageeXp Realty

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