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

508 Cherry Ave Unit 1-4 Sumner, WA 98390

Estimated Value: $999,932

9 Beds
4 Baths
3,714 Sq Ft
$269/Sq Ft Est. Value

Last Sold August 03, 2012

Last sale price $320,500 $86 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $6,095/month

9 Days on Market

Highlights

  • Wall to Wall Carpet
  • Maple Lawn Elementary School Rated A-
  • 1-Story Property

About This Home

As of August 2012

Very solid brick 4-plex in downtown Sumner! Single story appeals to renters of all ages. 3 Units are 2 Bd/1Bath; 1 unit is 3 Bd/1.5 Bath. Community laundry room serves all. Carports w/storage lockers + off street parking. Terrific location within reasonable walk of shopping, Sounder station & Loyalty Park. Also available is adjacent 2-unit SFR sharing access & parking area. Seller prefers single simultaneous sale of both buildings. Units have nearly rented themselves.

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#: 368144

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,351

Year Built

  • Built in 1968

Lot Details

  • 0.35 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,714 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Snyder's Addition Condos
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7710000034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,351

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Snyder's Addition
  • CalculatedSquareFootage: 3714
  • SOCComments: SOC paid on net purchase price to Seller
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

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

Garage/Parking

  • Carport Spaces: 5
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Sumner
  • WaterCompany: City of Sumner
  • WaterSewerGarbage: 4331

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 7710000034
  • Lot Size Acres: 0.3535
  • Lot Size Sq Ft: 15400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 23528
  • Number Of Units Total: 4
  • Electric Expense: 357
  • Insurance Expense: 2101
  • Leasable Area: 3714
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2011
  • Tax Annual Amount: 4351

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
$999,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,700
Outstanding Balance
$650,484
Interest Rate
6.81%
Mortgage Type
Seller Take Back
Estimated Equity
$349,448

Purchase Details

Closed on
Feb 19, 2021
Sold by
Hansen Beau
Bought by
Warner Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Interest Rate
2.7%
Mortgage Type
New Conventional

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
$320,000
Sold Price
$320,500
Premium/Discount to List
$500
0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.03%
Original Mortgage
$240,375
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 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
$200,000
Interest Rate
6.79%
Mortgage Type
Seller Take Back
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 $850,000 Ticor Title
Warner Dana $80,000 Ticor Title
Warner Dana -- None Available
Warner David $320,500 First American Title Ins Co
Cox William K $200,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhanani Murtaza $656,700
Previous Owner Warner Dana $447,000
Previous Owner Warner David $240,375
Previous Owner Cox William K $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $320,500 +0.2% $86 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $320,000 -- $86 / 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 $9,270 $1,041,700 $268,200 $773,500
2024 $9,270 $952,400 $254,800 $697,600
2023 $9,270 $896,700 $254,800 $641,900
2022 $8,877 $825,400 $279,600 $545,800
2021 $8,487 $644,300 $170,900 $473,400
2019 $6,215 $594,600 $147,900 $446,700
2018 $6,643 $497,900 $127,000 $370,900
2017 $5,209 $469,800 $104,700 $365,100
2016 $4,615 $363,300 $74,700 $288,600
2014 $3,891 $346,800 $78,200 $268,600
2013 $3,891 $303,300 $71,200 $232,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Juli Anne Gibson

    Keller Williams Realty PS

    Section Image
  • Dennis Folk

    Buyer's Agent in 2012

    Dennis Folk

    Terrafin Real Estate

    (253) 466-3736

    2 in this area

    341 Total Sales

    Dennis Folk
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 368144

Northwest Multiple Listing Service (NWMLS)

APN: 771000-0034

Washington Pierce County Sumner 98390

508 Cherry Ave Unit 1-4, Sumner, WA

This home is located at 508 Cherry Ave Unit 1-4, Sumner, WA 98390 since 11 June 2012 and is currently estimated at $999,932, approximately $269 per square foot. This property was built in 1968. 508 Cherry Ave Unit 1-4 is a home located in Pierce County with nearby schools including Maple Lawn 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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