Listed by Windermere RE South Sound, Inc, Bought with CENTURY 21 Real Estate Center
NOT LISTED FOR SALE

5807 March Ln Sumner, WA 98390

Estimated Value: $830,000 - $996,831

6 Beds
5 Baths
3,168 Sq Ft
$286/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $685,000 $216 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,343/month

6 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Wall to Wall Carpet
  • Sumner Middle School Rated A-

About This Home

As of June 2022

Perfect for investors, or owner-occupied. Live in one and lease the others. This excellent property features three, two-bedroom units, each with 1.5 baths, washer & dryer, vinyl windows, one car garage, lots of drivway parking, fireplaces & laminate flooring. Unit A has new quartz counter tops in the kitchen, new kitchen cabinets and updated bathroom. You will love the outdoor space with nice patios and spacious fenced backyards. Conveniently located in the middle of Sumner surrounded by nice homes, in a cul-de-sac, close to all amenities, schools, & parks. All three units have great tenants and are always rented. Take advantage of this incredible investment opportunity in a highly desirable location.

Last Agent to Sell the Property

Kathy Callahan

Windermere RE South Sound, Inc License #71879 Listed on: 05/17/2022

Windermere RE South Sound, Inc

Last Buyer's Agent

Ron Conard

CENTURY 21 Real Estate Center License #2497

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1935038

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,807

Year Built

  • Built in 1981

Lot Details

  • 9,000 Sq Ft Lot
  • Cul-De-Sac
  • Property is in average condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 3 Covered Spaces
  • Open Parking

Schools

  • Maple Lawn Elementary School
  • Sumner Middle School
  • Sumner Snr High School

Community Details

  • No Home Owners Association
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3585010110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,807

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3168
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Sumner
  • WaterCompany: Sumner

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Sumner Snr High
  • Middle Or Junior School: Sumner Middle

Lot Info

  • Parcel Number: 3585010110
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1.48
  • LeasedItems: None
  • TotalMonthlyIncome: 31500

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6807

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Maple Lawn Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2023
Sold by
Southend Llc
Bought by
Levitzke Dale and Levitzke Myra
Current Estimated Value
$907,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,713
Outstanding Balance
$642,951
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$264,257

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 2, 2022
Sold by
Lee Dennis S
Bought by
South End Llc
Seller's Agent
Kathy Callahan
Windermere RE South Sound, Inc
Buyer's Agent
Ron Conard
CENTURY 21 Real Estate Center
List Price
$675,000
Sold Price
$685,000
Premium/Discount to List
$10,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$750,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2009
Sold by
Gmac Mortgage Llc
Bought by
Lee Dennis S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2009
Sold by
Ugas Albert and Ugas Luann G
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Oct 22, 2006
Sold by
Lewis Robert and Lewis Shirley
Bought by
Ugas Albert and Ugas Luann G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Levitzke Dale -- Fidelity National Title
South End Llc -- Fidelity National Title
Lee Dennis S $287,000 First American Title Ins Co
Gmac Mortgage Llc $324,000 Fatco
Ugas Albert $375,000 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levitzke Dale $663,713
Previous Owner South End Llc $750,000
Previous Owner Lee Dennis S $215,250
Previous Owner Ugas Albert $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $685,000 +1.5% $216 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $675,000 -- $213 / 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 $7,070 $875,800 $246,300 $629,500
2024 $7,070 $782,700 $231,000 $551,700
2023 $7,070 $683,600 $231,000 $452,600
2022 $6,807 $742,500 $253,500 $489,000
2021 $6,468 $490,800 $154,900 $335,900
2019 $5,072 $464,200 $136,900 $327,300
2018 $5,272 $406,200 $117,500 $288,700
2017 $4,144 $372,700 $96,900 $275,800
2016 $3,673 $288,400 $69,100 $219,300
2014 $2,990 $275,900 $72,300 $203,600
2013 $2,990 $238,200 $65,900 $172,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1935038

Northwest Multiple Listing Service (NWMLS)

APN: 358501-0110