Listed by Better Properties Real Estate, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

1503 Wright Ave Sumner, WA 98390

Estimated Value: $623,000 - $655,000

4 Beds
2 Baths
1,664 Sq Ft
$381/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $610,000 $367 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,857/month

3 Days on Market

Highlights

  • No HOA
  • Patio
  • Property is Fully Fenced
  • Sumner Middle School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of August 2024

Centrally located in adorable downtown Sumner and within walking distance to all amenities! Investors dream location as Sumner is one of Pierce County’s most sought after communities! One side is completely remodeled w/ new flooring, trim, paint, sinks, toilet & PEX plumbing. *NEW ROOF interior & exterior paint* Each unit features: 2 bdrms, 1 full bath, spacious living rooms, kitchen open to eating areas & 1-car garage. Both W/Dryers stay. Fully fenced backyard w/ flagstone patio & plenty of room for BBQ's, entertaining & guests. One side rented through next June 2025 at $2,000 a month, the other is the owners. Choose to owner occupy this duplex or put into your investment portfolio. This area draws a GREAT ROI! Easy to show, call today!!

Last Agent to Sell the Property

Genni Thummel-Gravitt

Better Properties Real Estate License #72331 Listed on: 07/26/2024

Better Properties Real Estate

Last Buyer's Agent

Danny Smith

Skyline Properties, Inc. License #86964

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2270805

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 9,230 Sq Ft Lot
  • Property is Fully Fenced

Home Design

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

Interior Spaces

  • 1,664 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Langdon Condos
  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514500-008-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,869

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Langdon
  • New Construction: No
  • CalculatedSquareFootage: 1664
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 362

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 2100

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1860

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 514500-008-0
  • Lot Size Acres: 0.2119
  • Lot Size Sq Ft: 9230
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Patio
  • MLSLotSizeSource: Pierce County Assessor
  • MLSSquareFootageSource: County Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 3410

Multi Family

  • Gross Scheduled Income: 40920
  • Net Operating Income: 29092
  • Number Of Units Total: 2
  • Electric Expense: 1740
  • Insurance Expense: 1259
  • Leasable Area: 1664
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4869

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Aug 23, 2024
Sold by
Sturdevant Candace Hope and Steven T Sturdevant Trust
Bought by
Heym Justin
Seller's Agent
Genni Thummel-Gravitt
Better Properties Real Estate
Buyer's Agent
Danny Smith
Skyline Properties, Inc.
List Price
$599,950
Sold Price
$610,000
Premium/Discount to List
$10,050
1.68%
Views
9
Current Estimated Value
$634,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,601
Avg. Annual Appreciation
4.03%
Original Mortgage
$530,700
Outstanding Balance
$525,550
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$109,051

Purchase Details

Closed on
Aug 8, 2019
Sold by
Sturdevant Steve and Sturdevant Debra
Bought by
Sturdevant Steven T and Sturdevant Debra L

Purchase Details

Closed on
Feb 7, 2019
Sold by
Robb Judith A and Mackenzie Laurie A
Bought by
Sturdevant Candace Hope and Sturdevant Cole Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2014
Sold by
Robb Judith A and Mackenzie Laurie A
Bought by
Robb Judith A and Mackenzie Laurie A
Source: Public Records

Range of Values:

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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
Heym Justin $610,000 Chicago Title
Sturdevant Steven T -- None Available
Sturdevant Candace Hope $325,000 Wfg National Title
Robb Judith A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heym Justin $530,700
Previous Owner Sturdevant Candace Hope $195,500
Previous Owner Sturdevant Candace Hope $191,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $610,000 +1.7% $367 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $599,950 -- $361 / 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 $4,869 $556,600 $238,200 $318,400
2024 $4,869 $488,100 $221,500 $266,600
2023 $4,869 $470,400 $221,500 $248,900
2022 $4,828 $522,500 $243,100 $279,400
2021 $4,405 $334,000 $148,600 $185,400
2019 $3,522 $304,700 $125,500 $179,200
2018 $3,566 $281,800 $107,700 $174,100
2017 $2,867 $251,900 $88,800 $163,100
2016 $2,418 $188,800 $63,300 $125,500
2014 $2,077 $181,500 $66,300 $115,200
2013 $2,077 $159,000 $60,400 $98,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2270805

Northwest Multiple Listing Service (NWMLS)

APN: 514500-0080