NOT LISTED FOR SALE

15909 52nd St E Sumner, WA 98390

Estimated Value: $709,498 - $910,000

8 Beds
4 Baths
3,728 Sq Ft
$217/Sq Ft Est. Value

Last Sold August 08, 2013

Last sale price $270,000 $72 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $5,284/month

185 Days on Market

Highlights

  • 0.39 Acre Lot
  • Deck
  • Cul-De-Sac
  • Sumner Middle School Rated A-
  • Thermal Windows
  • Patio

About This Home

As of August 2013

Fully rented 4-plex in close-in location. All units in good shape. Owner shed for storage is shared with adjacent building. Buy this owner-occupied zero down (VA) or with 3.5% down (FHA). Great investment. Previous offer fell through. Offer was below recent bank appraisal.

Last Agent to Sell the Property

Brian Acey

Keller Williams Realty Bothell License #49892 Listed on: 08/26/2012

Keller Williams Realty Bothell

Last Buyer's Agent

Cory Moffett

Gateway Real Estate License #50649

Gateway Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 398436

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,900

Year Built

  • Built in 1983

Lot Details

  • 0.39 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,728 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5719000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,900

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3728
  • SOCComments: Subject to Lienholder Approval
  • Special Features: 12
  • Cumulative Days on Market: 351

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Sumner
  • WaterCompany: Sumner
  • WaterSewerGarbage: 3897

Schools

  • Junior High Dist: Sumner
  • High School: Sumner Snr High
  • Middle Or Junior School: Sumner Middle

Lot Info

  • Parcel Number: 5719000040
  • Lot Size Acres: 0.3905
  • Lot Size Sq Ft: 17010
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 25147
  • Number Of Units Total: 4
  • Insurance Expense: 1256
  • Leasable Area: 3728
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3900

MLS Schools

  • Elementary School: Daffodil Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2012
Closed on
Aug 1, 2013
Sold by
Andrews Mysti
Bought by
Andrews Martin
Seller's Agent
Brian Acey
Keller Williams Realty Bothell
Buyer's Agent
Cory Moffett
Gateway Real Estate
List Price
$350,000
Sold Price
$270,000
Premium/Discount to List
-$80,000
-22.86%
Total Days on Market
185
Current Estimated Value
$809,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,749
Avg. Annual Appreciation
10.72%
Original Mortgage
$202,500
Outstanding Balance
$62,056
Interest Rate
4.28%
Mortgage Type
Commercial
Estimated Equity
$839,157

Purchase Details

Closed on
Jul 12, 2006
Sold by
Sharpe David W and Sharpe Kim K
Bought by
Locanda Holdings 1 Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Kongruengkit Kiattisak
Bought by
Kongkham Chiengthong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,600
Interest Rate
6.41%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 8, 2006
Sold by
Kongkham Chiengthong
Bought by
Sharpe David W and Sharpe Kim K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,600
Interest Rate
6.41%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 31, 2005
Sold by
2004 Eastside Inc
Bought by
Kongkham Chiengthong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2005
Sold by
Summer Glen Apartments Llc
Bought by
2004 Eastside Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,864
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 1998
Sold by
Steiner Ruth V
Bought by
Summer Glen Apartments Llc
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
Andrews Martin -- Chicago Title Company
Andrews Martin $270,000 Chicago Title Company
Locanda Holdings 1 Llc -- None Available
Kongkham Chiengthong -- Stewart Title
Sharpe David W $443,700 Stewart Title
Kongkham Chiengthong $390,000 Lawyers Title Agency Of Sout
2004 Eastside Inc $2,980,000 Lawyers Title Agency Of Sout
Summer Glen Apartments Llc $203,300 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Martin $202,500
Closed Andrews Martin $202,500
Previous Owner Kongkham Chiengthong $88,600
Previous Owner Sharpe David W $310,100
Previous Owner Kongkham Chiengthong $312,000
Previous Owner 2004 Eastside Inc $2,650,864
Closed Kongkham Chiengthong $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2013 08/08/13 Sold $270,000 -22.9% $72 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
08/27/2012 08/27/12 For Sale $350,000 -- $94 / 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 $8,872 $907,400 $261,800 $645,600
2023 $8,872 $858,100 $261,800 $596,300
2022 $8,558 $797,000 $287,300 $509,700
2021 $7,986 $606,200 $175,600 $430,600
2019 $5,940 $539,400 $152,800 $386,600
2018 $6,187 $475,900 $144,300 $331,600
2017 $4,902 $437,500 $118,900 $318,600
2016 $4,312 $340,800 $84,800 $256,000
2014 $1,801 $324,000 $88,800 $235,200
2013 $1,801 $282,200 $80,800 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 398436

Northwest Multiple Listing Service (NWMLS)

APN: 571900-0040