Listed by Keller Williams Realty PS, Bought with Terrafin
NOT LISTED FOR SALE

506 Cherry Ave Unit 1-2 Sumner, WA 98390

Estimated Value: $552,000 - $1,690,000

4 Beds
3 Baths
2,633 Sq Ft
$353/Sq Ft Est. Value

Last Sold August 03, 2012

Last sale price $220,500 $84 Per Sq Ft

Est. 321% increase in value since last sale

Current estimated payment $5,429/month

9 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • High Speed Internet
  • Maple Lawn Elementary School Rated A-
  • Deck
  • Wall to Wall Carpet

About This Home

As of August 2012

Very nice 2 story 'duplex' in downtown Sumner! Sgl Fam Res (legal non-conforming use) w/main floor 1 bed/1 bath apartment. Upstairs unit has 3 bed/1.75 bath with own laundry, large deck w/Mt. Rainier view, huge 2+car garage & tons of paved parking. Terrific location within reasonable walk of shopping, Sounder station & Loyalty Park. Also available is adjacent 4-plex sharing access & parking area. Seller wants simultaneous sale of both buildings. Units have rented themselves over the years.

Last Agent to Sell the Property

Juli Anne Gibson

Keller Williams Realty PS Listed on: 06/11/2012

Keller Williams Realty PS

Last Buyer's Agent

Dennis Folk

Terrafin License #25739

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 368114

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,793

Year Built

  • Built in 1981

Lot Details

  • 10,675

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,633 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • 10,675 Sq Ft Lot

Community Details

  • Snyder's Addition Condos
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7710000035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,793

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1981
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Snyder's Addition
  • CalculatedSquareFootage: 2633
  • SOCComments: SOC paid on net purchase price to seller
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 1655

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 7710000035
  • Lot Size Acres: 0.2451
  • Lot Size Sq Ft: 10675
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,RV Parking

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 1675

Multi Family

  • Gross Scheduled Income: 20100
  • Net Operating Income: 13615
  • Number Of Units Total: 2
  • Insurance Expense: 895
  • Leasable Area: 2633
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2025
Sold by
Warner Dana
Bought by
Dhanani Murtaza and Ali Saira Amir
Current Estimated Value
$929,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,450
Outstanding Balance
$153,010
Interest Rate
6.81%
Mortgage Type
Seller Take Back
Estimated Equity
$776,198

Purchase Details

Closed on
Jan 25, 2021
Sold by
Hansen Beau
Bought by
Warner Dana

Purchase Details

Closed on
Mar 24, 2015
Sold by
Warner David
Bought by
Warner Dana

Purchase Details

Listed on
Jun 11, 2012
Closed on
Aug 1, 2012
Sold by
Cox Rosemary C
Bought by
Warner David and Warner Dana
Seller's Agent
Juli Anne Gibson
Keller Williams Realty PS
Buyer's Agent
Dennis Folk
Terrafin
List Price
$220,000
Sold Price
$220,500
Premium/Discount to List
$500
0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$154,300
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 1998
Sold by
Ford Charlie L
Bought by
Cox William K and Cox Rosemary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 1997
Sold by
Sturgeon John R
Bought by
Ford Charlie L and Ford Beverly J
Source: Public Records

Range of Values:

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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
Dhanani Murtaza $550,000 Ticor Title
Warner Dana $78,200 None Available
Warner Dana -- None Available
Warner David $220,500 First American Title Ins Co
Cox William K $165,000 First American Title Ins Co
Ford Charlie L $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhanani Murtaza $154,450
Previous Owner Warner David $154,300
Previous Owner Cox William K $148,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $220,500 +0.2% $84 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $220,000 -- $84 / 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
2025 $5,793 $619,900 $229,200 $390,700
2024 $5,793 $607,100 $207,400 $399,700
2023 $5,793 $559,900 $207,400 $352,500
2022 $5,786 $562,600 $227,700 $334,900
2021 $5,652 $428,800 $139,100 $289,700
2019 $4,669 $408,300 $118,300 $290,000
2018 $4,967 $373,900 $101,600 $272,300
2017 $4,067 $351,100 $83,700 $267,400
2016 $3,331 $272,400 $59,700 $212,700
2014 $2,716 $250,200 $62,500 $187,700
2013 $2,716 $224,100 $56,900 $167,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 368114

Northwest Multiple Listing Service (NWMLS)

APN: 771000-0035