NOT LISTED FOR SALE

1508 Valley Ave E Sumner, WA 98390

Estimated Value: $833,000

8 Beds
4 Baths
3,536 Sq Ft
$236/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $250,000 $71 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $5,284/month

47 Days on Market

About This Home

As of February 2013

Four-plex close to Fred Meyer in Sumner. Two bed, 1 bath, 884 sq ft units. Each unit has good size living area and own garage. Bring your tool belt and vision to make this place shine. Shopping, parks, bus, and school are all within walking distance. HomePath financing available for as low as 25% down.

Last Agent to Sell the Property

Jonathan Harper

Keller Williams Realty License #27909 Listed on: 11/28/2012

Keller Williams Realty

Last Buyer's Agent

Jon Cacabelos

Real Home Network License #23515

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 427069

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,328

Year Built

  • Built in 1968

Lot Details

  • 0.26 Acre Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5145000050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,328

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3536
  • Special Features: VirtualTour
  • Cumulative Days on Market: 326

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Sumner
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5145000050
  • Lot Size Acres: 0.2591
  • Lot Size Sq Ft: 11286
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3328

Multi Family

  • Number Of Units Total: 4
  • Leasable Area: 3536
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2019
Sold by
Dimension Townhouses Llc
Bought by
Valley Avenue Apartments Llc
Total Days on Market
47
Current Estimated Value
$833,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,709,600
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2019
Sold by
Cacabelos Patricia
Bought by
Dimension Townhouses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,300
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 28, 2012
Closed on
Feb 26, 2013
Sold by
Federal National Mortgage Association
Bought by
Cacabelos Patricia
Seller's Agent
Jonathan Harper
Keller Williams Realty
Buyer's Agent
Jon Cacabelos
Real Home Network
List Price
$280,000
Sold Price
$250,000
Premium/Discount to List
-$30,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$187,500
Interest Rate
3.34%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2012
Sold by
Weber Bradley M and Weber Carol L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 29, 2002
Sold by
Wastman Bruce D
Bought by
Weber Bradley M and Weber Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,300
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 1994
Sold by
Bruno Enea
Bought by
Wastman Bruce D and Wastman Pamela K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,700
Interest Rate
9.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Valley Avenue Apartments Llc $1,160,000 Old Republic Title Ltd
Dimension Townhouses Llc $475,000 Chicago Title
Cacabelos Patricia $250,000 Servicelink
Federal National Mortgage Association $231,380 1St Am
Weber Bradley M $237,950 First American Title Ins Co
Wastman Bruce D $165,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Federal Home Loan Mortgage Corporation $2,628,000
Closed Valley Avenue Apartments Llc $1,709,600
Previous Owner Dimension Townhouses Llc $447,300
Previous Owner Cacabelos Patricia $187,500
Previous Owner Weber Bradley M $190,300
Previous Owner Wastman Bruce D $123,700
Closed Weber Bradley M $23,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $250,000 -10.7% $71 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
11/29/2012 11/29/12 For Sale $280,000 -- $79 / 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
2024 $7,500 $757,200 $234,000 $523,200
2023 $7,500 $725,300 $234,000 $491,300
2022 $7,240 $675,900 $256,900 $419,000
2021 $6,829 $518,300 $157,000 $361,300
2019 $4,904 $466,500 $133,900 $332,600
2018 $5,169 $392,700 $114,900 $277,800
2017 $4,061 $365,400 $94,700 $270,700
2016 $3,573 $282,800 $67,600 $215,200
2014 $3,070 $268,400 $70,700 $197,700
2013 $3,070 $233,800 $64,400 $169,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jonathan Harper

    Keller Williams Realty

    (253) 651-7500

    9 in this area

    146 Total Sales

    Jonathan Harper
    Section Image

  • J

    Buyer's Agent in 2013

    Jon Cacabelos

    Real Home Network

    (206) 290-5007

    78 Total Sales

    Jon Cacabelos
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 427069

Northwest Multiple Listing Service (NWMLS)

APN: 514500-0050

Washington Pierce County Sumner 98390

1508 Valley Ave E, Sumner, WA

This home is located at 1508 Valley Ave E, Sumner, WA 98390 since 28 November 2012 and is currently estimated at $833,000, approximately $235 per square foot. This property was built in 1968. 1508 Valley Ave E is a home located in Pierce County with nearby schools including Daffodil Valley Elementary School, Sumner Middle School, and Sumner High School.

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.

Northwest Multiple Listing Service (NWMLS) 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. ©2025 NWMLS.

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