Skip to main content
MarketTimeline.com
MT
MarketTimeline
.com
Methodology Top Markets
Public Record 79M+ records · 26M+ properties All 50 states Methodology

16002 118th St

Gig Harbor, WA 98329

4 bd 3 ba 3,113 sqft Built 1993 Lot 216,058 sqft single_family
Most recent sale
$706,500
Jul 6, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 6, 2022 Sold $706,500 MLS #1938587
May 30, 2022 Price changed $719,900 MLS #1938587
May 21, 2022 Listed $799,500 MLS #1938587
Oct 6, 2015 Listing removed $359,000 NWMLS
Aug 3, 2009 Listed $359,000 MLS #29111124
May 7, 1992 Sold $31,000 Public Record
Apr 30, 1991 Sold $56,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $443,900 $297,800 $741,700 $6,531
2025 $443,900 $297,800 $741,700 $5,972
2024 $432,600 $246,300 $678,900 $6,127
2023 $488,900 $241,600 $730,500 $6,318
2022 $416,700 $171,500 $588,200 $5,930
2021 $416,700 $171,500 $588,200 $5,546
2020 $365,600 $148,100 $513,700 $5,310
2019 $338,800 $128,400 $467,200 $4,692
2018 $325,600 $114,900 $440,500 $4,673
2017 $298,900 $94,600 $393,500 $4,191
2016 $275,500 $83,800 $359,300 $3,933
2015 $236,400 $81,100 $317,500 $3,701
2014 $210,300 $83,500 $293,800 $3,441
2013 $186,600 $78,500 $265,100 $3,538
2012 $187,500 $85,100 $272,600 $3,327
2011 $199,000 $98,500 $297,500 $3,141
2010 $195,800 $110,200 $306,000 $3,180
2008 $201,500 $158,600 $360,100 $3,336
2007 $246,300 $125,200 $371,500 $3,465

Property facts

Year built
1993
Property type
single_family
Stories
Beds
4
Baths
3
Living area
3,113 sqft
Lot size
216,058 sqft
ZIP code
98329
City
Gig Harbor
Street
118th St
Coordinates
47.36456, -122.75122

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$7,160
Gross rental yield
12.16%
Implied cap rate
7.90%
Trend-extrapolated value

Frequently asked questions

When did 16002 118th St last sell?
16002 118th St most recently sold on Jul 6, 2022 for $706,500.
What is the current tax assessment for 16002 118th St?
The most recent total assessment for 16002 118th St (year 2026) is $741,700 with $6,531 in property tax.
How does 16002 118th St's assessment compare to its last sale price?
The current assessment is 5.0% above the last sale price of $706,500.
When was 16002 118th St built?
16002 118th St was built in 1993.
How does 16002 118th St compare to others on 118th St?
We track 8 other properties on 118th St. Browse the list under "Other properties on 118th St" to compare beds, baths, and sale history.
What are the property facts for 16002 118th St?
16002 118th St is a 4 bed, 3 bath, 3,113 sqft, 216,058 sqft lot single_family.
Is 16002 118th St a flip candidate?
No — 16002 118th St does not appear in our flips dataset.
Is 16002 118th St a tax-appeal candidate?
No — 16002 118th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.0%
Implied 1-yr
+15.9%
2026 Q3
$829.8K
2026 Q4
$842.7K
ZIP 98329 — Median Price History + Forecast

Explore nearby