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

5011 157th Avenue Ct E Sumner, WA 98390

Sumner Area
2 Beds
1 Bath
6,720 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: May 28, 2024

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

227 Days on Market

Highlights

  • 0.55 Acre Lot
  • Territorial View
  • Thermal Windows
  • Deck
  • No HOA
  • Patio

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)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,146

Year Built

  • Built in 1989

Lot Details

  • 23,958 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Parking

  • Open Parking

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

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

0.55 Acres

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
  • Structure Type: Multi Family
  • 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

Garage/Parking

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

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

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10146

Multi Family

  • Number Of Units Total: 8
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
May 25, 2024
Sold by
Bought by
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Brandon Vukelich
Multifamily Properties
List Price
$2,250,000
Sold Price
$2,200,000
Premium/Discount to List
-$50,000
-2.22%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,358,000
Outstanding Balance
$1,327,457
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,199,200 None Listed On Document
$859,719 First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,358,000
Previous Owner $816,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,664 $1,759,700 $642,400 $1,117,300
2024 $10,118 $1,852,400 $642,400 $1,210,000
2023 $9,851 $978,800 $620,200 $358,600
2022 $10,056 $978,800 $620,200 $358,600
2021 $9,340 $709,200 $516,800 $192,400
2019 $8,045 $709,200 $516,800 $192,400
2018 $7,910 $644,800 $430,700 $214,100
2017 $6,884 $559,500 $251,100 $308,400
2016 $6,151 $462,400 $251,100 $211,300
2014 $6,678 $462,400 $251,100 $211,300
2013 $6,678 $462,400 $251,100 $211,300
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2146905

Northwest Multiple Listing Service (NWMLS)
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