8506 131st St NW in Gig Harbor sells for $1.38 million

At $1,375,000, the sale price was 3 times the home's last recorded price of $455,000 in 2014. Pierce County Assessor-Treasurer's sales records show the home at 8506 131st St NW in Gig Harbor sold on September 17, 2026.

An aerial photo shows the parcel directly on the bay, with trees covering much of the lot and other houses around it.

The Assessor's records show 3 bedrooms, 2.25 bathrooms, 2,962 square feet of living area, a build year of 1987 and a 1.38-acre lot. The price works out to $464 per square foot. The market value on record is $1,281,900.

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 $16,655 for the state real estate excise tax (graduated) and $6,875 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 $1,275,339. 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 $299,499 at closing. That covers the down payment and closing costs.

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