Seller's Agent in 2023
Rebecca Iverson
eXp Realty
(253) 678-7089
1 in this area
81 Total Sales
Listed by eXp Realty, Bought with Best Choice Realty LLC
1507 Wood Ave Sumner, WA 98390
Estimated Value: $673,092 - $747,000
6
Beds
3
Baths
2,381
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- No HOA
- Wood Siding
- Sumner Middle School Rated A-
- Baseboard Heating
- Wall to Wall Carpet
About This Home
As of October 2023Triplex with plenty of potential! This triplex provides a great opportunity for investors or House hackers (owner-occupy). The property is situated in a desirable location, close to amenities and transport links, making it an ideal investment opportunity. The layout is unique and includes a duplex in the front and a standalone house at the back of the property. While the property may require some work to bring it up to its full potential, it's an excellent opportunity for those willing to put in the effort. You have a headstart on the house, old flooring has been removed & Killz/paint has been applied to floors walls, and ceiling. After rehab, the pro forma cap rate is 8%. Roof replacement: House 2018, Duplex 2020
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2146985
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,648
Year Built
- Built in 1963
Lot Details
- 0.33 Acre Lot
- Property is in average condition
Home Design
- Triplex
- Brick Exterior Construction
- Block Foundation
- Poured Concrete
- Composition Roof
- Built-Up Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 2,381 Sq Ft Home
- 1-Story Property
Flooring
- Wall to Wall Carpet
- Laminate
- Vinyl
Parking
- 7 Parking Spaces
- 1 Covered Space
- Open Parking
- RV Access or Parking
Schools
- Daffodil Vly Elementary School
- Sumner Middle School
- Sumner Snr High School
Additional Features
- Outbuilding
- Baseboard Heating
Community Details
- No Home Owners Association
- Sumner Subdivision
Listing and Financial Details
- Assessor Parcel Number 3180000080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2016
Closed on
Oct 11, 2017
Sold by
Kirk Cherl
Bought by
Pauw Jan S and Pauw Carole C
Seller's Agent
Larry Davis
Better Properties Kent LLC
Buyer's Agent
Rebecca Iverson
eXp Realty
List Price
$425,000
Sold Price
$394,000
Premium/Discount to List
-$31,000
-7.29%
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
$326,773
Avg. Annual Appreciation
7.86%
Original Mortgage
$281,250
Outstanding Balance
$234,923
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$485,850
Purchase Details
Closed on
Sep 2, 2006
Sold by
Lockwood Larry
Bought by
Lockwood Larry T and Lockwood Claudia D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 29, 2005
Sold by
Lockwood Mary J
Bought by
Lockwood Larry
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 |
|---|---|---|---|
| Pauw Jan S | $393,719 | Stewart Title | |
| Lockwood Larry T | -- | Fatco | |
| Lockwood Larry | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pauw Jan S | $281,250 | |
| Previous Owner | Lockwood Larry T | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2023 10/11/23 | Sold | $684,000 | 0.0% | $287 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/29/2023 08/29/23 | Price Changed | $684,000 | -2.1% | $287 / Sq Ft |
| 08/16/2023 08/16/23 | Price Changed | $699,000 | -1.5% | $294 / Sq Ft |
| 08/03/2023 08/03/23 | For Sale | $710,000 | +80.2% | $298 / Sq Ft |
| 10/13/2017 10/13/17 | Sold | $394,000 | -7.3% | $165 / Sq Ft |
| 06/07/2017 06/07/17 | Pending | -- | -- | -- |
| 09/15/2016 09/15/16 | For Sale | $425,000 | -- | $178 / 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 | $6,445 | $696,300 | $264,100 | $432,200 |
| 2024 | $6,445 | $662,000 | $250,100 | $411,900 |
| 2023 | $6,445 | $623,100 | $250,100 | $373,000 |
| 2022 | $6,385 | $660,200 | $274,500 | $385,700 |
| 2021 | $6,123 | $464,600 | $167,800 | $296,800 |
| 2019 | $5,048 | $437,600 | $144,800 | $292,800 |
| 2018 | $5,275 | $404,300 | $124,300 | $280,000 |
| 2017 | $4,259 | $372,900 | $102,400 | $270,500 |
| 2016 | $3,564 | $284,200 | $73,100 | $211,100 |
| 2014 | $3,130 | $267,700 | $76,500 | $191,200 |
| 2013 | $3,130 | $236,400 | $69,700 | $166,700 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Iverson
-
Tad Navle
Buyer's Agent in 2023
Tad Navle
Best Choice Realty Brokerage
(253) 988-8252
2 in this area
42 Total Sales
-
Larry Davis
Seller's Agent in 2017
Larry Davis
Better Properties Kent LLC
(206) 949-3434
18 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2146985
APN: 318000-0080
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 1610 16th St
- 1730 Wood Ave
- 1114 Sumner Ave
- 824 Kincaid Ave Unit 1-6
- 816 Cherry Ave
- 0 Narrow St Unit NWM1946803
- 15512 Elm St E
- 639 Elizabeth St
- 520 Sumner Ave Unit 524
- 1118 Thompson St
- 1002 Thompson St
- 611 Elizabeth St
- 911 Hunt Ave
- 5703 Parker Rd E
- 5303 Parker Rd E
- 414 Sumner Ave
- 416 Meade Ave
- 611 Mckinnon Ave
- 6413 152nd Ave E
- 612 Hunt Ave
- 1529 Wood Ave
- 1424 Mcmillan Ave
- 1506 Mcmillan Ave
- 1501 Wood Ave
- 1501 Wood Ave
- 1510 Mcmillan Ave
- 1422 Mcmillan Ave
- 1514 Mcmillan Ave
- 1418 Mcmillan Ave
- 1416 Mcmillan Ave Unit A4
- 1416 Mcmillan Ave Unit A3
- 1416 Mcmillan Ave Unit A2
- 1416 Mcmillan Ave Unit C4
- 1416 Mcmillan Ave Unit C3
- 1416 Mcmillan Ave Unit C2
- 1416 Mcmillan Ave Unit C1
- 1416 Mcmillan Ave Unit B4
- 1416 Mcmillan Ave Unit B3
- 1416 Mcmillan Ave Unit B2