NOT LISTED FOR SALE

15912 Elm St E Sumner, WA 98390

Estimated Value: $911,042 - $1,040,000

8 Beds
4 Baths
3,728 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $564,950 $152 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,197/month

5 Days on Market

Highlights

  • 0.41 Acre Lot
  • Deck
  • Thermal Windows
  • Sumner Middle School Rated A-
  • Corner Lot
  • Patio

About This Home

As of July 2018

Sumner 4-Plex*large corner lot*all units rented*month-to-month leases*2 large bedrooms/1 full bath*fireplace*range*refrigerator*dishwasher*washer/dryer hook-ups*vinyl windows*storage closets at patio/deck*4 carports & 6+ additional parking spaces*new fence*historically low vacancy/below market rents*minutes to Sumner Sounder Station*near freeways, shopping, restaurants and more*Sumner School District*Excellent opportunity to own investment property in desirable Sumner community!

Last Agent to Sell the Property

Roni Peterson

John L. Scott, Inc License #30089 Listed on: 05/31/2018

John L. Scott, Inc

Last Buyer's Agent

Dan Whitehouse

Keller Williams Realty PS License #7227

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1301962

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,055

Year Built

  • Built in 1983

Lot Details

  • 0.41 Acre Lot
  • Property is Fully Fenced
  • Corner Lot
  • 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

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9225000129

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,055

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: 3.0%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3728
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 282

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, 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: 6
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 6360

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 9225000129
  • Lot Size Acres: 0.4071
  • Lot Size Sq Ft: 17735
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: PCR
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 29257
  • Number Of Units Total: 4
  • Insurance Expense: 1238
  • Leasable Area: 3728
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6055

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Jul 12, 2018
Sold by
Russey Michael R and Russey Christina
Bought by
Su Dennis L
Seller's Agent
Roni Peterson
John L. Scott, Inc
Buyer's Agent
Dan Whitehouse
Keller Williams Realty PS
List Price
$599,950
Sold Price
$564,950
Premium/Discount to List
-$35,000
-5.83%
Total Days on Market
5
Current Estimated Value
$975,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,571
Avg. Annual Appreciation
8.61%
Original Mortgage
$423,713
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2005
Sold by
2004 Eastside Inc
Bought by
Russey Michael R and Russey Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,450
Interest Rate
5.55%
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
Wright Leonard E and Wright Joyce M
Bought by
Sumner 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
Su Dennis L $564,669 Fidelity National Title
Russey Michael R $389,950 Fidelity National Title Ins
2004 Eastside Inc $2,980,000 Lawyers Title Agency Of Sout
Sumner Glen Apartments Llc $203,300 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Dennis L $420,000
Closed Su Dennis L $423,713
Previous Owner Russey Michael R $271,820
Previous Owner Russey Michael R $292,450
Previous Owner 2004 Eastside Inc $2,650,864
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $564,950 -5.8% $152 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $599,950 -- $161 / 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 $8,903 $910,400 $264,800 $645,600
2023 $8,903 $861,100 $264,800 $596,300
2022 $8,590 $800,300 $290,600 $509,700
2021 $8,012 $608,200 $177,600 $430,600
2019 $5,798 $541,400 $154,800 $386,600
2018 $6,055 $464,500 $132,900 $331,600
2017 $4,797 $428,100 $109,500 $318,600
2016 $4,219 $334,100 $78,100 $256,000
2014 $3,618 $317,000 $81,800 $235,200
2013 $3,618 $275,900 $74,500 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1301962

Northwest Multiple Listing Service (NWMLS)

APN: 922500-0129