NOT LISTED FOR SALE

1801 54th Street Ct E Unit 1-07 Sumner, WA 98390

Estimated Value: $830,234 - $1,013,000

8 Beds
6 Baths
4,400 Sq Ft
$209/Sq Ft Est. Value

Last Sold May 14, 2013

Last sale price $302,000 $69 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $5,891/month

319 Days on Market

Highlights

  • Cul-De-Sac
  • Patio
  • Partially Fenced Property
  • Sumner Middle School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2013

Fourplex. Very solid investment. True 8% Cap Rate and potential to increase rents in revitalized Sumner. Always rented. Tenants professionally screened, complex professionally maintained and managed. Townhouse style units with powder room down and full bath up. Nice sized fenced back yards. Easy walk to schools, parks and new shopping district. NOT a short sale or bank owned.

Last Agent to Sell the Property

Bradley Farris

Berkshire Hathaway HS NW License #2071 Listed on: 06/05/2012

Berkshire Hathaway HS NW

Last Buyer's Agent

Larry Cutting

PRO RLTYSRVCS Eastside License #17516

PRO RLTYSRVCS Eastside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 365820

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,853

Year Built

  • Built in 1977

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9670000014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,853

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
  • CalculatedSquareFootage: 4400
  • Special Features: None
  • Cumulative Days on Market: 597

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 4200

Schools

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

Lot Info

  • Parcel Number: 9670000014
  • Lot Size Acres: 0.3121
  • Lot Size Sq Ft: 13597
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 2930

Multi Family

  • Gross Scheduled Income: 35160
  • Net Operating Income: 26270
  • Number Of Units Total: 4
  • Insurance Expense: 840
  • Leasable Area: 4400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2011
  • Tax Annual Amount: 3853

MLS Schools

  • Elementary School: Daffodil Vly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2022
Sold by
1801 54Th St Ct East Llc
Bought by
Rice Steven
Total Days on Market
319
Current Estimated Value
$921,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,800
Outstanding Balance
$168,159
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$776,712

Purchase Details

Listed on
Jun 5, 2012
Closed on
May 25, 2013
Sold by
Rice Steven
Bought by
1801 54Th St Ct East Llc
Seller's Agent
Bradley Farris
Berkshire Hathaway HS NW
Buyer's Agent
Larry Cutting
PRO RLTYSRVCS Eastside
List Price
$325,000
Sold Price
$302,000
Premium/Discount to List
-$23,000
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$226,500
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 5, 2012
Closed on
May 10, 2013
Sold by
Dalton Martina E and Dalton Matthew G
Bought by
Rice Steven C
Seller's Agent
Bradley Farris
Berkshire Hathaway HS NW
Buyer's Agent
Larry Cutting
PRO RLTYSRVCS Eastside
List Price
$325,000
Sold Price
$302,000
Premium/Discount to List
-$23,000
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,500
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2001
Sold by
Delay Mary Elizabeth
Bought by
Dalton Matthew G and Dalton Martina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.89%
Mortgage Type
Commercial
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
Rice Steven -- Bell Michael P
1801 54Th St Ct East Llc -- None Available
Rice Steven C $302,000 Ticor Title Company
Dalton Matthew G $220,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Steven $197,800
Previous Owner Rice Steven C $226,500
Previous Owner Dalton Matthew G $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2013 05/14/13 Sold $302,000 -7.1% $69 / Sq Ft
04/21/2013 04/21/13 Pending -- -- --
06/05/2012 06/05/12 For Sale $325,000 -- $74 / 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 $8,607 $871,400 $246,200 $625,200
2023 $8,607 $832,500 $246,200 $586,300
2022 $8,287 $770,100 $270,300 $499,800
2021 $7,822 $593,800 $165,200 $428,600
2019 $5,618 $531,800 $142,100 $389,700
2018 $5,887 $450,000 $122,000 $328,000
2017 $4,624 $416,200 $100,600 $315,600
2016 $4,102 $325,500 $71,700 $253,800
2014 $3,500 $308,200 $75,100 $233,100
2013 $3,500 $265,600 $68,400 $197,200
Source: Public Records

Agents Affiliated with this Home

  • Bradley Farris

    Seller's Agent in 2013

    Bradley Farris

    Berkshire Hathaway HomeServices Northwest Real Estate

    (206) 356-5633

    1 Total Sale

    Bradley Farris
    Section Image
  • Larry Cutting

    Buyer's Agent in 2013

    Larry Cutting

    Professional Realty Services Eastside

    (206) 228-3994

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 365820

Northwest Multiple Listing Service (NWMLS)

APN: 967000-0014

Washington Pierce County Sumner 98390

1801 54th Street Ct E Unit 1-07, Sumner, WA

This home is located at 1801 54th Street Ct E Unit 1-07, Sumner, WA 98390 since 05 June 2012 and is currently estimated at $921,617, approximately $209 per square foot. This property was built in 1977. 1801 54th Street Ct E Unit 1-07 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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