Listed by Keller Williams Rty Tacoma, Bought with John L. Scott R.E. Lake Tapps
NOT LISTED FOR SALE

1612 Wright Ave Sumner, WA 98390

Estimated Value: $1,051,000 - $1,224,240

8 Beds
7 Baths
4,564 Sq Ft
$249/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $1,054,000 $231 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,869/month

35 Days on Market

Highlights

  • Deck
  • No HOA
  • High Speed Internet
  • Sumner Middle School Rated A-
  • Thermal Windows
  • Property is in very good condition

About This Home

As of January 2023

Well-maintained 4 plex in the desirable city of Sumner. Solid turn-key investment property with low expenses and upside potential in rents. Each spacious 1141 Sq Ft 2 bed 2 bath ensuite units. Individual washer/dryer, fireplace, nice floor plan and private patio/balcony. 11 onsite parking spaces with plenty of off street parking. High demand rental fully stable tenants located in the heart of Sumner.

Last Agent to Sell the Property

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 11/17/2022

Keller Williams Rty Tacoma

Last Buyer's Agent

Mike Comer

John L. Scott R.E. Lake Tapps License #36023

John L. Scott R.E. Lake Tapps

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2016785

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,644

Year Built

  • Built in 1989

Lot Details

  • 0.28 Acre Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,564 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 11 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 967000-010-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,644

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4564
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 11
  • Open Parking: Yes
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 11

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • HeatingCoolingType: Wall
  • PowerCompany: PSE
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 7200

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 967000-010-0
  • Lot Size Acres: 0.2822
  • Lot Size Sq Ft: 12294
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Co Assessor

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 6525

Multi Family

  • Gross Scheduled Income: 7830
  • Net Operating Income: 59801
  • Electric Expense: 300
  • Insurance Expense: 1200
  • Leasable Area: 4564
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 9644

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jan 11, 2023
Sold by
Omelanchuk Andres and Omelanchuk Rosa
Bought by
Gsx2 Llc
Seller's Agent
Brian Thayer
Keller Williams Rty Tacoma
Buyer's Agent
Mike Comer
John L. Scott R.E. Lake Tapps
List Price
$1,200,000
Sold Price
$1,054,000
Premium/Discount to List
-$146,000
-12.17%
Views
17
Current Estimated Value
$1,137,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,620
Avg. Annual Appreciation
2.90%

Purchase Details

Closed on
Nov 24, 1993
Sold by
Snell Dale W
Bought by
Omelanchuk Andres and Omelanchuk Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.89%
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
Gsx2 Llc -- Aegis Land Title
Omelanchuk Andres -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Omelanchuk Andres $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $1,054,000 -12.2% $231 / Sq Ft
12/22/2022 12/22/22 Pending -- -- --
12/10/2022 12/10/22 For Sale $1,200,000 0.0% $263 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
11/17/2022 11/17/22 For Sale $1,200,000 -- $263 / 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 $10,054 $1,185,600 $254,600 $931,000
2024 $10,054 $1,032,500 $239,600 $792,900
2023 $10,054 $972,600 $239,600 $733,000
2022 $9,644 $887,700 $262,900 $624,800
2021 $9,223 $700,300 $160,700 $539,600
2019 $6,646 $632,200 $137,600 $494,600
2018 $7,077 $532,500 $118,100 $414,400
2017 $5,554 $500,500 $97,400 $403,100
2016 $4,885 $389,900 $69,400 $320,500
2014 $1,942 $367,100 $72,700 $294,400
2013 $1,942 $318,000 $66,200 $251,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2016785

Northwest Multiple Listing Service (NWMLS)

APN: 967000-0100