NOT LISTED FOR SALE

1702 Wright Ave Sumner, WA 98390

Estimated Value: $1,098,000 - $1,105,222

8 Beds
6 Baths
4,440 Sq Ft
$248/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $699,950 $158 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,864/month

6 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Wood Siding
  • Sumner Middle School Rated A-
  • Property is Fully Fenced
  • Wall to Wall Carpet

About This Home

As of July 2019

Fully occupied, wonderful cash flowing 4plex in the heart of Sumner. Solid investment with larger 2 bed 1.5 bath units professionally managed and trouble free on a quiet street. Abundance of paved parking and walking distance to schools, Stores, and the commuter train. Trouble free tenants, this is as good as it gets in real estate investing!

Last Agent to Sell the Property

Jonathan Harper

Keller Williams Realty License #27909 Listed on: 06/14/2019

Keller Williams Realty

Co-Listed By

Rick Brown

Keller Williams Realty License #27026

Last Buyer's Agent

Oles Mironyuk

Better Properties Summit License #20107912

Better Properties Summit

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1475271

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,497

Year Built

  • Built in 1977

Lot Details

  • 10,500 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,440 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Daffodil Vly Elementary School
  • Sumner Snr High School

Utilities

  • Cable TV Available

Community Details

  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9670000019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,497

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 281

Interior Features

  • Possible Use: Multi-Family
  • 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: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Sumner
  • WaterCompany: Sumner
  • WaterSewerGarbage: 8868

Schools

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

Lot Info

  • Parcel Number: 9670000019
  • Lot Size Acres: 0.241
  • Lot Size Sq Ft: 10500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 5060

Multi Family

  • Gross Scheduled Income: 60720
  • Net Operating Income: 44092
  • Number Of Units Total: 4
  • Insurance Expense: 2260
  • Leasable Area: 4440
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5497

MLS Schools

  • Elementary School: Daffodil Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2021
Sold by
Song Minn Bhu and Song Younghee
Bought by
Song Minn Bhu and Song Younghee
Total Days on Market
6
Current Estimated Value
$1,101,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Outstanding Balance
$447,555
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$662,848

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 16, 2019
Sold by
Radke Gordon R and Radke Marnie
Bought by
Song Minn Bhu and Song Young Hee
Seller's Agent
Jonathan Harper
Keller Williams Realty
Buyer's Agent
Oles Mironyuk
Better Properties Summit
List Price
$699,950
Sold Price
$699,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$489,950
Interest Rate
3.82%
Mortgage Type
New Conventional
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
Song Minn Bhu -- First American Title
Song Minn Bhu $699,950 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Song Minn Bhu $488,000
Closed Song Minn Bhu $489,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $699,950 0.0% $158 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $699,950 -- $158 / 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 $8,435 $854,700 $229,500 $625,200
2023 $8,435 $815,800 $229,500 $586,300
2022 $8,112 $751,600 $251,800 $499,800
2021 $7,674 $582,500 $153,900 $428,600
2019 $5,497 $520,500 $130,800 $389,700
2018 $5,772 $440,300 $112,300 $328,000
2017 $4,533 $408,100 $92,500 $315,600
2016 $4,022 $319,800 $66,000 $253,800
2014 $3,416 $302,200 $69,100 $233,100
2013 $3,416 $260,100 $62,900 $197,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jonathan Harper

    Keller Williams Realty

    (253) 651-7500

    9 in this area

    146 Total Sales

    Jonathan Harper
    Section Image
  • Rick Brown

    Seller Co-Listing Agent in 2019

    Rick Brown

    Keller Williams Realty

    (253) 617-9460

    1 in this area

    43 Total Sales

    Rick Brown
    Section Image
  • Oles Mironyuk

    Buyer's Agent in 2019

    Oles Mironyuk

    Better Properties Summit

    (253) 335-7320

    75 Total Sales

    Oles Mironyuk
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1475271

Northwest Multiple Listing Service (NWMLS)

APN: 967000-0019

Washington Pierce County Sumner 98390

1702 Wright Ave, Sumner, WA

This home is located at 1702 Wright Ave, Sumner, WA 98390 since 14 June 2019 and is currently estimated at $1,101,611, approximately $248 per square foot. This property was built in 1977. 1702 Wright Ave is a home located in Pierce County with nearby schools including Daffodil Valley Elementary School, Sumner Middle School, and Sumner High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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