Listed by John L. Scott, Inc, Bought with Multifamily Properties
NOT LISTED FOR SALE

5011 157th Avenue Ct E Sumner, WA 98390

2 Beds
1 Bath
6,720 Sq Ft
0.55 Acres

Last Sold May 28, 2024

Last sale price $2,200,000 $327 Per Sq Ft

227 Days on Market

Highlights

  • 0.55 Acre Lot
  • Deck
  • No HOA
  • Sumner Middle School Rated A-
  • Territorial View
  • Thermal Windows

About This Home

As of May 2024

The Salmon Creek Apartments is a fully renovated eight-unit apartment building, located in Sumner. Over the past few years current ownership has performed complete high-end interior & exterior renovation of the asset. The unit mix consists of all beautiful two bedroom/one-bath units, that are approximately 840SF. The unit features include kitchens w/stainless steel appliances, white hardwood cabinets & quartz countertops. Units also feature a balcony/patio, wood-like tile floors, new carpet in bedrooms, new lighting packages, new paint & trim packages, new 6 panel door packages, sliding barn doors for W/D (included) area & updated baths. Ext renovations included new windows, resurfacing the parking lot (17 stalls) & paint 2018.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 08/03/2023

John L. Scott, Inc

Last Buyer's Agent

Brandon Vukelich

Multifamily Properties License #27939

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2146905

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,146

Year Built

  • Built in 1989

Lot Details

  • 0.55 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,720 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 17 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sumner Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0520196020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,146

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1989
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6720
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 17
  • Open Parking: Yes
  • Total Parking Spaces: 17
  • ParkingUncoveredSpaces: 17

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • CableConnected: Xfinity/Comcast
  • InternetConnected: Xfinity/Comcast
  • WaterSewerGarbage: 15440

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 0520196020
  • Lot Size Acres: 0.55
  • Lot Size Sq Ft: 23958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Title
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 15960

Multi Family

  • Gross Scheduled Income: 186509
  • Net Operating Income: 136986
  • Number Of Units Total: 8
  • Insurance Expense: 1983
  • Leasable Area: 6720
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10146

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $2,200,000 -2.2% $327 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
08/03/2023 08/03/23 For Sale $2,250,000 -- $335 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Bye

    Seller's Agent in 2024

    Jon Bye

    John L Scott

    (206) 400-7586

    3 in this area

    432 Total Sales

    Jon Bye
    Section Image
  • Brandon Vukelich

    Buyer's Agent in 2024

    Brandon Vukelich

    Multifamily Properties

    (253) 350-0522

    1 in this area

    93 Total Sales

    Brandon Vukelich
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2146905

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Sumner 98390

5011 157th Avenue Ct E, Sumner, WA

This home is located at 5011 157th Avenue Ct E, Sumner, WA 98390 since 03 August 2023. This property was built in 1989. 5011 157th Avenue Ct E 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) 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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