Listed by Four-U Realty Inc, Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

1520 Valley Ave E Sumner, WA 98390

Estimated Value: $1,138,000 - $1,227,284

8 Beds
4 Baths
3,536 Sq Ft
$334/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $1,150,000 $325 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,911/month

50 Days on Market

Highlights

  • Mountain View
  • Deck
  • Thermal Windows
  • Sumner Middle School Rated A-
  • No HOA
  • Patio

About This Home

As of February 2024

Updated 4-Plex located in the heart of Downtown Sumner!! Great location, steps away to shopping, dining, schools, entertainment. Each unit has 2 BR, New Appliances, Garage + plenty of parking spaces for guests. Rental Income $8,800 monthly ($2,200 each Unit). New blacktop on driveway and parking area. Newer roof & updated vinyl windows, doors, flooring, lighting, cabinets, new kitchen appliances, new bathroom fixtures, fresh paint inside & out, and a shared laundry space. Easy access to frwys & hospital. ** Note, 3 of the 4 Units are fully updated, & 3 are currently rented at $2,200 a month (month to month leases), to allow for 4th unit to be owner occupied or rent out.

Last Agent to Sell the Property

Erin McNulty

Four-U Realty Inc License #126611 Listed on: 11/24/2023

Four-U Realty Inc

Last Buyer's Agent

Anthony Jenkins

RSVP Brokers ERA License #129017

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2181889

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,978

Year Built

  • Built in 1968

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 75 x 163.9 x 75 x 162.5
  • Partially Fenced Property

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Vinyl Plank Flooring

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5145000010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,978

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • 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 Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 8707

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Sumner Snr High
  • Middle Or Junior School: Sumner Middle

Lot Info

  • Parcel Number: 5145000010
  • Lot Size Acres: 0.291
  • Lot Size: 75 x 163.9 x 75 x 162.5
  • Lot Size Sq Ft: 12675
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 8800

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6978

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 2909
  • Leasable Area: 3400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

MLS Schools

  • Elementary School: Daffodil Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Feb 27, 2024
Sold by
Philip Jeny
Bought by
Varughese Amyson
Seller's Agent
Erin McNulty
Four-U Realty Inc
Buyer's Agent
Anthony Jenkins
RSVP Brokers ERA
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Views
24
Current Estimated Value
$1,182,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,642
Avg. Annual Appreciation
1.78%
Original Mortgage
$1,150,000
Outstanding Balance
$1,117,556
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$65,086

Purchase Details

Listed on
Nov 24, 2023
Closed on
Feb 15, 2024
Sold by
A-1 Ii Llc
Bought by
Varughese Amyson
Seller's Agent
Erin McNulty
Four-U Realty Inc
Buyer's Agent
Anthony Jenkins
RSVP Brokers ERA
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Outstanding Balance
$1,117,556
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$65,086

Purchase Details

Listed on
May 21, 2023
Closed on
Jun 27, 2023
Sold by
Bottem Joseph M and Bottem Alice M
Bought by
A-1 Ii Llc
Seller's Agent
Diane Gordon
The Preview Group
Buyer's Agent
Ron Conard
CENTURY 21 Real Estate Center
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.09%
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
Varughese Amyson -- Chicago Title Company
Varughese Amyson $1,150,000 Chicago Title
A-1 Ii Llc $850,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varughese Amyson $1,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $1,150,000 -4.1% $325 / Sq Ft
01/13/2024 01/13/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $1,199,000 0.0% $339 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/15/2023 12/15/23 For Sale $1,199,000 0.0% $339 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
12/01/2023 12/01/23 Price Changed $1,199,000 -3.3% $339 / Sq Ft
11/24/2023 11/24/23 For Sale $1,240,000 +45.9% $351 / Sq Ft
07/03/2023 07/03/23 Sold $850,000 -5.6% $240 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/21/2023 05/21/23 For Sale $900,000 -- $255 / 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 $7,688 $948,300 $256,400 $691,900
2024 $7,688 $808,000 $241,600 $566,400
2023 $7,688 $743,500 $241,600 $501,900
2022 $7,418 $693,000 $265,100 $427,900
2021 $6,978 $529,600 $162,000 $367,600
2019 $5,023 $477,000 $139,000 $338,000
2018 $5,286 $402,300 $119,300 $283,000
2017 $4,153 $373,700 $98,300 $275,400
2016 $3,654 $289,000 $70,100 $218,900
2014 $3,090 $274,500 $73,400 $201,100
2013 $3,090 $239,000 $66,900 $172,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2181889

Northwest Multiple Listing Service (NWMLS)

APN: 514500-0010