12402 40th Ave NW in Gig Harbor sells for $1.2 million

The home sold for $1,197,719 on September 23, 2026, according to the Pierce County Assessor-Treasurer's sales records. That was 22% above the $978,600 market value on record, according to the Assessor's records.

An aerial photo shows trees covering much of the lot, with other houses around it.

The record lists Trumark Homes Washington LLC as the seller.

Assessor's records list 3 bedrooms, 2.75 bathrooms, 3,638 square feet of living area, a build year of 2026 and a 7,985-square-foot lot. At that size, the price works out to $329 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Pierce County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $14,385.80 for the state real estate excise tax (graduated) and $5,988.60 for the local real estate excise tax (0.50%). Who pays what follows Pierce County custom.

How much did the seller net?

By our estimate, the seller netted about $1,110,583. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $260,133 at closing. That covers the down payment and closing costs.

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