Listed by COMPASS, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

1827 W Valley Hwy E Sumner, WA 98390

Estimated Value: $1,347,836

1.18 Acres
$1,142,234 Price per Acre
51,401 Sq Ft Lot

Last Sold June 25, 2021

Last sale price $1,150,000

Est. 17% increase in value since last sale

Current estimated payment $7,565/month

65 Days on Market

About This Lot

As of June 2021

Attention investors and developers! A rare opportunity to own a flat commercial zoned lot in Sumner. Centrally located near and highway and downtown area with unbeatable visibility and exposure from WA-167 and W Valley Hwy. Largely underdeveloped lot creates tone of potential to build and maximize cash flow or rental income. Potential for up-zoning.

Last Agent to Sell the Property

Umar Samad

COMPASS License #131506 Listed on: 12/10/2020

COMPASS

Co-Listed By

Duy Hoang

COMPASS License #104325

Last Buyer's Agent

Dinato Luz

Berkshire Hathaway HS NW License #112610

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1697152

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

Community Details

  • Sumner Community

Listing and Financial Details

  • Assessor Parcel Number 449540-104-5

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 43 - Comm/Industrial
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: County Maintained, Paved

Utilities

  • Electricity: On Property
  • Gas Available: On Property
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Sumner

Schools

  • School District: SUM

Lot Info

  • General Zoning Classification: Commercial
  • Lot Sq Ft: 51570
  • Parcel Number: 449540-104-5
  • Zoning Jurisdiction: City

Tax Info

  • Tax Amount: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Jun 23, 2021
Sold by
Samad Rizwan and Samad Jessy
Bought by
Hannah & Shaan Llc
Seller's Agent
Umar Samad
COMPASS
Buyer's Agent
Dinato Luz
Berkshire Hathaway HS NW
List Price
$1,249,000
Sold Price
$1,150,000
Premium/Discount to List
-$99,000
-7.93%
Current Estimated Value
$1,347,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,836
Avg. Annual Appreciation
3.58%
Original Mortgage
$800,000
Outstanding Balance
$724,300
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$624,953

Purchase Details

Closed on
Aug 18, 2004
Sold by
Williams Myriam A
Bought by
Samad Rizwan and Samad Jessy

Purchase Details

Closed on
May 4, 2004
Sold by
Seney Aileen
Bought by
Williams Myriam

Purchase Details

Closed on
Nov 22, 2002
Sold by
Williams Myriam A
Bought by
Seney Aileen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Hannah & Shaan Llc $1,150,000 Chicago Title
Samad Rizwan $249,000 --
Williams Myriam -- Chicago Title Insurance Co
Seney Aileen $41,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hannah & Shaan Llc $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $1,150,000 -7.9% --
02/13/2021 02/13/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $1,249,000 -- --
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 $7,045 $696,800 $575,400 $121,400
2024 $7,045 $703,400 $575,400 $128,000
2023 $7,045 $681,200 $575,400 $105,800
2022 $5,394 $480,200 $475,800 $4,400
2021 $5,733 $435,000 $430,600 $4,400
2019 $4,192 $435,000 $430,600 $4,400
2018 $4,925 $335,600 $331,200 $4,400
2017 $4,925 $335,600 $301,100 $34,500
2016 $4,841 $363,800 $310,600 $53,200
2014 $5,238 $363,800 $310,600 $53,200
2013 $5,238 $363,800 $310,600 $53,200
Source: Public Records

Agents Affiliated with this Home

  • Umar Samad

    Seller's Agent in 2021

    Umar Samad

    COMPASS

    (410) 841-9578

    1 in this area

    15 Total Sales

    Umar Samad
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Duy Hoang

    COMPASS

    (425) 628-4368

    1 in this area

    53 Total Sales

    Duy Hoang
    Section Image
  • Dinato Luz

    Buyer's Agent in 2021

    Dinato Luz

    Berkshire Hathaway HomeServices Northwest Real Estate

    (206) 724-2560

    1 in this area

    103 Total Sales

    Dinato Luz
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1697152

Northwest Multiple Listing Service (NWMLS)

APN: 449540-1045

Washington Pierce County Sumner 98372

1827 W Valley Hwy E, Sumner, WA

Not Listed for Sale

Lots

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Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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