Listed by Engel & Voelkers Chambers Bay, Bought with Windermere Real Estate/PSR Inc
NOT LISTED FOR SALE

1501 16th St Sumner, WA 98390

Estimated Value: $547,760 - $684,000

4 Beds
2 Baths
1,888 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $607,500 $322 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,521/month

15 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Forced Air Heating System
  • Sumner Middle School Rated A-
  • Patio
  • Wood Siding

About This Home

As of March 2024

Downtown Sumner duplex with identical townhouse style layouts, featuring 2 bedrooms & 1 bath in each unit. Roof, windows, & exterior paint were done in 2019. Unit 1501 has new carpet & interior paint; Unit 1503 was completely remodeled in 2019 featuring high-quality laminate floors, updated kitchen with quartz counters, new cabinets, & a fully remodeled bathroom. This duplex is low maintenance, easy to rent, & you cannot beat the location! Minutes to Hwys 410 & 167, walking distance to the commuter train, & dining and shopping in downtown Sumner. Separately metered, individual furnaces, & water heaters. 1 covered parking spot per unit. Enjoy a big backyard, nice patio, & plenty of space for activities. Great investment opportunity!

Last Agent to Sell the Property

Kelly Prosser

Engel & Voelkers Chambers Bay License #122278 Listed on: 02/02/2024

Engel & Voelkers Chambers Bay

Last Buyer's Agent

Mike Elliott

Windermere Real Estate/PSR Inc License #5445

Windermere Real Estate/PSR Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2192223

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,510 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,888 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 967000-015-2

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1888
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 967000-015-2
  • Lot Size Acres: 0.1724
  • Lot Size Sq Ft: 7510
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Tax Info

  • Year: 2023

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 11, 2024
Sold by
Sultz Derek
Bought by
Whetstine Anthony J and Whetstine Joann M
Seller's Agent
Kelly Prosser
Engel & Voelkers Chambers Bay
Buyer's Agent
Mike Elliott
Windermere Real Estate/PSR Inc
List Price
$615,000
Sold Price
$607,500
Premium/Discount to List
-$7,500
-1.22%
Views
16
Current Estimated Value
$600,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,310
Avg. Annual Appreciation
-0.67%
Original Mortgage
$455,625
Outstanding Balance
$448,047
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$152,143

Purchase Details

Listed on
Jul 16, 2018
Closed on
Dec 28, 2018
Sold by
253 Homes Llc
Bought by
Sultz Derek
Seller's Agent
Anne Curry
Better Properties N. Proctor
List Price
$359,900
Sold Price
$320,000
Premium/Discount to List
-$39,900
-11.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.09%
Original Mortgage
$314,204
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 6, 2017
Closed on
Feb 1, 2018
Sold by
Candoo Ross Edward and Candoo Family Trust
Bought by
253 Homes Llc
Seller's Agent
Kelly Hendrickson
Better Properties Summit
Buyer's Agent
Anne Curry
Better Properties N. Proctor
List Price
$280,000
Sold Price
$262,500
Premium/Discount to List
-$17,500
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.32%
Original Mortgage
$272,700
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2017
Sold by
Candoo Lila Jean Pickert
Bought by
Candoo Ross Edward and Candoo Scott Alexander
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Whetstine Anthony J $607,500 Cw Title
Sultz Derek $320,000 Fidelity National Title
253 Homes Llc $262,219 Wfg National Title
Candoo Ross Edward -- None Available
Candoo Lila Jean Pickert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whetstine Anthony J $455,625
Previous Owner Sultz Derek $314,204
Previous Owner 253 Homes Llc $272,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $607,500 -1.2% $322 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $615,000 +92.2% $326 / Sq Ft
12/31/2018 12/31/18 Sold $320,000 -11.1% $169 / Sq Ft View Prior Sale
11/10/2018 11/10/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $359,900 0.0% $191 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $359,900 0.0% $191 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $359,900 +37.1% $191 / Sq Ft
02/02/2018 02/02/18 Sold $262,500 -6.3% $139 / Sq Ft View Prior Sale
12/23/2017 12/23/17 Pending -- -- --
12/17/2017 12/17/17 For Sale $280,000 -- $148 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,629 $544,700 $227,100 $317,600
2024 $4,629 $477,900 $209,400 $268,500
2023 $4,629 $447,200 $209,400 $237,800
2022 $4,595 $497,600 $229,800 $267,800
2021 $4,180 $316,900 $140,400 $176,500
2019 $3,322 $286,700 $117,400 $169,300
2018 $3,386 $265,800 $100,800 $165,000
2017 $2,700 $239,100 $83,100 $156,000
2016 $2,279 $177,900 $59,300 $118,600
2014 $1,951 $171,000 $62,000 $109,000
2013 $1,951 $149,900 $56,500 $93,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2192223

Northwest Multiple Listing Service (NWMLS)

APN: 967000-0152