NOT LISTED FOR SALE

15509 Washington St Unit A-D Sumner, WA 98390

Estimated Value: $752,624 - $786,000

8 Beds
4 Baths
3,296 Sq Ft
$233/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $393,000 $119 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,747/month

2 Days on Market

Highlights

  • Wood Siding
  • Sumner Middle School Rated A-
  • Wall to Wall Carpet

About This Home

As of March 2017

INCREDIBLE INVESTMENT OPPORTUNITY THAT WILL NOT LAST!!! 4 PLEX in the heart of Sumner. Walking distance to Parks, Shopping,Downtown,Restaurants. All 2 Bedroom/1 Bath units with Washer/Dryer and Fireplaces. Rents are BELOW MARKET with huge upside potential. Covered Parking and Storage.
Newer Roof

Last Agent to Sell the Property

Rick Juma

Aqua License #13887 Listed on: 10/23/2016

Last Buyer's Agent

Jaspinder Athwal

Homes & Equity Real Estate Grp License #109660

Homes & Equity Real Estate Grp

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1045388

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,091

Year Built

  • Built in 1985

Lot Details

  • 0.27 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,296 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2669000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,091

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1985
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3296
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 285

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • 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: 3000

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 2669000100
  • Lot Size Acres: 0.2691
  • Lot Size Sq Ft: 11722
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: PCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 42000

Multi Family

  • Gross Scheduled Income: 42000
  • Net Operating Income: 33109
  • Number Of Units Total: 4
  • Insurance Expense: 1800
  • Leasable Area: 3296
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4091

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2016
Closed on
Mar 2, 2017
Sold by
Singh Krystal
Bought by
Athwal Jaspinder
Seller's Agent
Rick Juma
Aqua
Buyer's Agent
Jaspinder Athwal
Homes & Equity Real Estate Grp
List Price
$399,000
Sold Price
$393,000
Premium/Discount to List
-$6,000
-1.5%
Total Days on Market
2
Current Estimated Value
$769,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,312
Avg. Annual Appreciation
8.41%
Original Mortgage
$314,400
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2016
Closed on
Mar 1, 2017
Sold by
Ohri Ridhima
Bought by
Athwal Jaspinder
Seller's Agent
Rick Juma
Aqua
Buyer's Agent
Jaspinder Athwal
Homes & Equity Real Estate Grp
List Price
$399,000
Sold Price
$393,000
Premium/Discount to List
-$6,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,400
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2014
Sold by
Crivello Anthony J
Bought by
Ohir Ridhima and Eastside Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,158
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 6, 2014
Sold by
Eastside Funding Llc
Bought by
Ohri Ridhima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,158
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 1998
Sold by
Tropp Robert and Tropp Norma D
Bought by
Baron Douglas C and Baron Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 1994
Sold by
Martinez Francisco and Martinez Dara L
Bought by
Tropp Robert and Tropp Norma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
8.3%
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
Athwal Jaspinder -- Fidelity National Title
Athwal Jaspinder $392,719 Fidelity National Title
Ohri Ridhima -- None Available
Baron Douglas C $187,000 Fidelity National Title
Tropp Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Athwal Jaspinder S $937,500
Closed Athwal Jaspinder $295,000
Closed Athwal Jaspinder $314,400
Previous Owner Ohri Ridhima $222,158
Previous Owner Crivello Anthony $132,700
Previous Owner Crivello Anthony J $256,000
Previous Owner Baron Douglas C $130,900
Previous Owner Tropp Robert $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2017 03/27/17 Sold $393,000 -1.5% $119 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
10/23/2016 10/23/16 For Sale $399,000 -- $121 / 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 $7,983 $817,400 $248,300 $569,100
2023 $7,983 $772,000 $248,300 $523,700
2022 $7,717 $720,700 $272,500 $448,200
2021 $7,225 $548,400 $166,500 $381,900
2019 $5,299 $496,600 $149,000 $347,600
2018 $5,518 $424,400 $128,000 $296,400
2017 $4,372 $390,100 $105,500 $284,600
2016 $3,846 $303,900 $75,200 $228,700
2014 $3,137 $288,900 $78,700 $210,200
2013 $3,137 $251,800 $71,700 $180,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1045388

Northwest Multiple Listing Service (NWMLS)

APN: 266900-0100