Listed by Mt. Rainier Realty, Bought with Person Real Estate Group LLC
NOT LISTED FOR SALE

1514 Valley Ave E Sumner, WA 98390

Estimated Value: $1,120,000

8 Beds
4 Baths
3,536 Sq Ft
$317/Sq Ft Est. Value

Last Sold July 24, 2014

Last sale price $215,000 $61 Per Sq Ft

Est. 421% increase in value since last sale

Current estimated payment $6,474/month

241 Days on Market

About This Home

As of July 2014

Units need work but there is money to be made. Positive cash flow and I have short sale approval. Bring me an offer!

Last Agent to Sell the Property

Tami Dunn

Mt. Rainier Realty License #50339 Listed on: 04/18/2013

Last Buyer's Agent

Lauren Hardman

Person Real Estate Group LLC License #110412

Person Real Estate Group LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 476136

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.26

Parking

  • 4 Covered Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Additional Features

  • 0.26 Acre Lot
  • Cable TV Available

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5145000030

Property Details

Home Type

Multi-Family

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: 12

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Pioneer #402

Lot Info

  • Parcel Number: 5145000030
  • Lot Size Acres: 0.2619
  • Lot Size Sq Ft: 11408
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2013

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2025
Sold by
Veera Venkata Satyanarayana Murty Kodava and Kodavati Satya Devi
Bought by
My Rainier Llc
Current Estimated Value
$1,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,331,000
Outstanding Balance
$1,331,000
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
-$211,000

Purchase Details

Listed on
Apr 18, 2013
Closed on
Jul 8, 2014
Sold by
Mavis Properties Llc
Bought by
Veera Ventaka Satyanarayana Murty Kodavat and Kodavati Satya Devi
Seller's Agent
Tami Dunn
Mt. Rainier Realty
Buyer's Agent
Lauren Hardman
Person Real Estate Group LLC
List Price
$270,000
Sold Price
$215,000
Premium/Discount to List
-$55,000
-20.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%
Original Mortgage
$223,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2007
Sold by
Scheff Travis and Henderson Matthew
Bought by
Mavis Properties Llc

Purchase Details

Closed on
Oct 2, 2005
Sold by
Kacso Otto and Kacso Traci A
Bought by
Scheff Travis and Henderson Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2002
Sold by
Riley William J
Bought by
Kacso Otto and Kacso Traci A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,350
Interest Rate
6.94%
Mortgage Type
Commercial
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
My Rainier Llc -- Chicago Title
Veera Ventaka Satyanarayana Murty Kodavat $214,719 Old Republic Title Ltd
Mavis Properties Llc -- Chicago Title Insurance Co
Scheff Travis $348,000 Ticor
Kacso Otto $245,950 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open My Rainier Llc $1,331,000
Previous Owner Veera Ventaka Satyanarayana Murty Kodavat $223,000
Previous Owner Scheff Travis $278,400
Previous Owner Kacso Otto $221,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2014 07/24/14 Sold $215,000 -20.4% $61 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $270,000 -- $76 / 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 $7,824 $945,800 $250,200 $695,600
2024 $7,824 $793,000 $234,700 $558,300
2023 $7,824 $756,600 $234,700 $521,900
2022 $7,540 $702,500 $257,600 $444,900
2021 $7,119 $540,300 $157,400 $382,900
2019 $5,165 $482,400 $134,300 $348,100
2018 $2,724 $413,700 $115,300 $298,400
2017 $4,280 $385,100 $95,000 $290,100
2016 $3,586 $283,800 $67,800 $216,000
2014 $3,052 $269,400 $71,000 $198,400
2013 $3,052 $234,300 $64,600 $169,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 476136

Northwest Multiple Listing Service (NWMLS)

APN: 514500-0030