Listed by Better Properties N. Proctor, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

1601 Wood Ave Sumner, WA 98390

Estimated Value: $558,178 - $702,000

4 Beds
2 Baths
1,888 Sq Ft
$334/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $330,000 $175 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,837/month

95 Days on Market

Highlights

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

About This Home

As of October 2018

Downtown Sumner duplex with specious 2 Bed/1 bath townhouse style units. New roof, New windows, Next exterior paint. On-site covered parking. 100% occupied-Long terms tenants on month to month leases. Room to increase rents/add utility bill back! Just minutes to Hwys 410 & 167 and walking distance to the commuter train, dining and shopping. Sumner is adding 400+ new jobs with Amazon Distribution Center. Invest now and experience the upside of a growing market. Value Add opportunity!

Last Agent to Sell the Property

Anne Curry

Better Properties N. Proctor License #71249 Listed on: 06/07/2018

Better Properties N. Proctor

Last Buyer's Agent

Amanda Mannila

John L. Scott, Inc License #118146

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1302577

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1967

Lot Details

  • 7,400 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,888 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • Private Water Source

Community Details

  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 967000-015-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1888
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 447

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Private
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 0

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: 967000-015-3
  • Lot Size Acres: 0.1699
  • Lot Size Sq Ft: 7400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3408

Multi Family

  • Number Of Units Total: 6
  • Leasable Area: 1888
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2018
Closed on
Oct 10, 2018
Sold by
253 Homes Llc
Bought by
Smith Sheldon Sueo Kekaimalu and Smith Corene Keiko
Seller's Agent
Anne Curry
Better Properties N. Proctor
Buyer's Agent
Amanda Mannila
John L. Scott, Inc
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%
Current Estimated Value
$631,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,045
Avg. Annual Appreciation
10.14%
Original Mortgage
$221,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 6, 2017
Closed on
Feb 1, 2018
Sold by
Candoo Ross Edward and The Candoo Family Trust
Bought by
253 Homes Llc
Seller's Agent
Kelly Hendrickson
Better Properties Summit
Buyer's Agent
Anne Curry
Better Properties N. Proctor
List Price
$250,000
Sold Price
$247,500
Premium/Discount to List
-$2,500
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.96%
Original Mortgage
$259,950
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2017
Sold by
Candoo Lila Jean Pickert
Bought by
Candoo Ross Edward and Candoo Scott Alexander
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
Smith Sheldon Sueo Kekaimalu $329,719 Fidelity National Title
253 Homes Llc $247,219 Wfg National Title Insurance
Candoo Ross Edward -- None Available
Candoo Lila Jean Pickert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Sheldon Sueo Kekaima $285,000
Closed Smith Sheldon Sueo Kekaimalu $221,000
Previous Owner 253 Homes Llc $259,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2018 10/18/18 Sold $330,000 -2.9% $175 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
08/13/2018 08/13/18 Price Changed $339,900 -2.9% $180 / Sq Ft
07/12/2018 07/12/18 Price Changed $349,900 -2.8% $185 / Sq Ft
06/07/2018 06/07/18 For Sale $359,900 +45.4% $191 / Sq Ft
02/02/2018 02/02/18 Sold $247,500 -1.0% $131 / Sq Ft
12/23/2017 12/23/17 Pending -- -- --
12/17/2017 12/17/17 For Sale $250,000 -- $132 / 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 $4,775 $549,800 $226,400 $323,400
2024 $4,775 $481,100 $208,600 $272,500
2023 $4,775 $461,300 $208,600 $252,700
2022 $4,745 $514,400 $228,900 $285,500
2021 $4,330 $328,300 $139,900 $188,400
2019 $3,343 $297,100 $116,800 $180,300
2018 $3,408 $267,500 $100,300 $167,200
2017 $2,719 $240,700 $82,700 $158,000
2016 $2,295 $179,200 $59,000 $120,200
2014 $1,967 $172,200 $61,700 $110,500
2013 $1,967 $151,100 $56,200 $94,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1302577

Northwest Multiple Listing Service (NWMLS)

APN: 967000-0153