NOT LISTED FOR SALE

1503 Academy St Sumner, WA 98390

Estimated Value: $742,847 - $762,000

5 Beds
4 Baths
3,084 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 31, 2015

Last sale price $325,000 $105 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,627/month

27 Days on Market

Highlights

  • Wood Flooring
  • Property is in very good condition
  • 4-minute walk to Loyalty Park
  • Maple Lawn Elementary School Rated A-
  • 1-Story Property

About This Home

As of August 2015

Invest in your future! Put your money to work with this impeccably well maintained 4-plex. Original owner. Excellent location - just a short walk to the Sounder Station! This property will help put your retirement on track with stable, long term tenants in addition to the potential to raise rents! A classic investment in the heart of a growing city. Longevity + stability + reliability = an incredible financial opportunity! Imagine the possibilities! Going, going, gone!

Last Agent to Sell the Property

Ken Crotts

eXp Realty License #7922 Listed on: 07/06/2015

eXp Realty

Last Buyer's Agent

Ken Crotts

eXp Realty License #7922 Listed on: 07/06/2015

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 811436

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,866

Year Built

  • Built in 1959

Lot Details

  • 0.32 Acre Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,084 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Daffodil Vly Elementary School
  • Sumner Middle School
  • Sumner Snr High School

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 737000-010-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,866

Year Built

Built in 1959

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3084
  • SOCComments: THIS IS NOT A SHORT SALE OR BANK OWNED
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Sumner Utilities
  • WaterCompany: Sumner Utilities

Schools

  • Junior High Dist: Sumner
  • High School: Sumner Snr High
  • Middle Or Junior School: Sumner Middle

Lot Info

  • Parcel Number: 737000-010-0
  • Lot Size Acres: 0.3238
  • Lot Size Sq Ft: 14106
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2180

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3866

Multi Family

  • Number Of Units Total: 6
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Daffodil Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2016
Sold by
Degoede Cari A Milgard
Bought by
Degoede Paul
Current Estimated Value
$752,424

Purchase Details

Closed on
Jul 23, 2016
Sold by
Pollastro Theresa
Bought by
Pollastro Gary

Purchase Details

Closed on
Jul 22, 2016
Sold by
Pollastro Carmen
Bought by
Pollastro John

Purchase Details

Closed on
Jun 29, 2016
Sold by
Degoede Paul G and Pollastro John
Bought by
1503 Academy Street Llc

Purchase Details

Listed on
Jul 6, 2015
Closed on
Aug 28, 2015
Sold by
Bishop Charles K and Bishop Carolyn Lee
Bought by
Degoede Paul G and Pollastro John
Seller's Agent
Ken Crotts
eXp Realty
Buyer's Agent
Ken Crotts
eXp Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Degoede Paul -- None Available
Pollastro Gary -- None Available
Pollastro John -- None Available
1503 Academy Street Llc -- None Available
Degoede Paul G $324,719 Old Republic Title Ltd
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2015 08/31/15 Sold $325,000 -7.1% $105 / Sq Ft
08/03/2015 08/03/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $350,000 -- $113 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $8,539 $966,700 $262,800 $703,900
2024 $8,539 $881,600 $248,700 $632,900
2023 $8,539 $825,900 $248,700 $577,200
2022 $8,214 $766,100 $273,000 $493,100
2021 $7,821 $593,700 $166,800 $426,900
2019 $5,750 $546,500 $143,800 $402,700
2018 $6,069 $460,600 $123,500 $337,100
2017 $4,800 $429,100 $101,800 $327,300
2016 $4,254 $334,000 $72,600 $261,400
2014 $1,797 $319,600 $76,000 $243,600
2013 $1,797 $279,800 $69,200 $210,600
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 811436

Northwest Multiple Listing Service (NWMLS)

APN: 737000-0100

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