Seller's Agent in 2019
Dennis Folk
Terrafin Real Estate
(253) 466-3736
2 in this area
324 Total Sales
Listed by Terrafin, Bought with The Preview Group
1418 Valley Ave E Sumner, WA 98390
Estimated Value: $845,000
8
Beds
4
Baths
7,072
Sq Ft
$119/Sq Ft
Est. Value
Highlights
- 0.51 Acre Lot
- Deck
- Wall to Wall Carpet
- Sumner Middle School Rated A-
About This Home
As of June 2019Rare opportunity for a great investment! This well-maintained 8-plex is fully occupied in the desirable location of Sumner. 2 separate parcels included: 5145000110 & 5145000090. 8 garages or room for storage, with a total of 16 parking spaces. Easy access to freeways and close to everything you need! Tenants currently pay their own electricity. All units are 2 bd, 1 bath.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1463254
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,086
Year Built
- Built in 1968
Lot Details
- 0.51 Acre Lot
- Property is in average condition
Home Design
- Composition Roof
- Wood Composite
Interior Spaces
- 7,072 Sq Ft Home
- 2-Story Property
- Wall to Wall Carpet
Parking
- 16 Parking Spaces
- 8 Covered Spaces
- Open Parking
Schools
- Daffodil Vly Elementary School
- Sumner Middle School
- Sumner Snr High School
Additional Features
- Deck
- Cable TV Available
Community Details
- Sumner Subdivision
Listing and Financial Details
- Tax Lot 9 & 11
- Assessor Parcel Number 5145000110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2019
Closed on
Jun 18, 2019
Sold by
Warner Dana L and Hansen Beau S
Bought by
Valley Avenue Apartments Llc
Seller's Agent
Dennis Folk
Terrafin
Buyer's Agent
Andrew Lee
The Preview Group
List Price
$1,185,000
Sold Price
$1,160,000
Premium/Discount to List
-$25,000
-2.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$315,000
Avg. Annual Appreciation
-4.76%
Purchase Details
Closed on
Mar 24, 2015
Sold by
Warner David
Bought by
Warner Dana
Purchase Details
Closed on
Jun 12, 2013
Sold by
Mcleod Kevin and Mcleod Kimerly A
Bought by
Warner David R and Warner Dana L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,642
Interest Rate
3.32%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 13, 1996
Sold by
Kirkman James C and Kirkman Pauline
Bought by
Damme Arlyn E and Damme Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,400
Interest Rate
8.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 21, 1996
Sold by
Grohs Harvey L and Grohs Wilma J
Bought by
Mcleod Kevin and Mcleod Kimberly A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,400
Interest Rate
8.14%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Valley Avenue Apartments Llc | $1,160,000 | Ticor Title | |
| Warner Dana | -- | None Available | |
| Warner David R | $306,632 | Ticor Title Company | |
| Damme Arlyn E | -- | -- | |
| Mcleod Kevin | $146,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Warner David R | $214,642 | |
| Previous Owner | Mcleod Kevin | $131,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2019 06/25/19 | Sold | $1,160,000 | -2.1% | $164 / Sq Ft |
| 06/01/2019 06/01/19 | Pending | -- | -- | -- |
| 05/24/2019 05/24/19 | For Sale | $1,185,000 | -- | $168 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,513 | $937,400 | $248,900 | $688,500 |
| 2024 | $7,513 | $758,900 | $233,200 | $525,700 |
| 2023 | $7,513 | $726,500 | $233,200 | $493,300 |
| 2022 | $7,247 | $676,600 | $256,000 | $420,600 |
| 2021 | $6,820 | $517,600 | $156,400 | $361,200 |
| 2019 | $4,905 | $465,400 | $133,300 | $332,100 |
| 2018 | $5,165 | $392,800 | $114,500 | $278,300 |
| 2017 | $4,059 | $365,100 | $94,300 | $270,800 |
| 2016 | $3,571 | $282,600 | $67,300 | $215,300 |
| 2014 | $3,039 | $268,200 | $70,400 | $197,800 |
| 2013 | $3,039 | $233,300 | $64,100 | $169,200 |
Source: Public Records
Agents Affiliated with this Home
-
Dennis Folk
-
Andrew Lee
Buyer's Agent in 2019
Andrew Lee
The Preview Group
(425) 877-9117
17 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1463254
APN: 514500-0090
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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