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7516 Riverside Dr E, Sumner, WA, 98390

$480,000

Home List Price

$5,700*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
2,145 SqFt
$224/SqFt
House

Location

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7516 Riverside Dr E, Sumner$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

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Property Highlights

ParkingAttached Garage, Detached Garage
Attached Garage7 spaces
Year Built1976
HeatingForced Air
CoolingCentral Air
WaterfrontRiver Access
FireplaceElectric
ViewRiver
MLS #2312004
Lot Size1.15 Acres
StatusActive

About 7516 Riverside Dr E

This property is brimming with potential—a true diamond in the rough. Nestled on a one-acre lot adjacent to a scenic river and located within a highly regarded school district, it offers a rare opportunity for the right buyer. The standout feature is a massive 3,400-square-foot shop, which could be transformed into a business space or used for personal hobbies. However, this property is not for the faint of heart. The city has boarded up the building, and renovations will require permits. Currently, there is no power or water connection, making this a project for those with vision and determination. SOLD AS IT, SELLER TO MAKE NO REPAIRS

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1976
  • Living Area: 2,145 SqFt

Listing Office:

  • Office Name: Kelly Right RE of Seattle LLC
  • Office Phone: (206) 525-5235
  • Listing Agent: Caelyn Gillaspie

Interior Features

Interior Information:

  • Basement: No
  • Interior: French Doors, Hot Tub/Spa
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: River Access
  • View: River
  • Exterior: Wood Products

Parking Information:

  • Garage Space: 7 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 1.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take the WA-162 E/Valley Ave exit toward Orting Drive to Riverside Rd E in Alderton

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $5,262
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Sumner, WA.

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Sumner, WA

City

Med. Sold Price

$535K

Med. Price/SqFt

$317

Avg. Days On Market

50

# of Sold Homes

11

7516 Riverside Dr E vs Sumner

1 DAY ON ROCKET

-49 Days

$480,000

-$55K Less

$224/SqFt

-$94 Less

KEY TAKEAWAY

This property is $55K less than the Median Sold Price and $94/SqFt less than other homes in Sumner, WA.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2312004

Listing Office:

  • Office Name: Kelly Right RE of Seattle LLC
  • Office Phone: (206) 525-5235
  • Listing Agent: Caelyn Gillaspie

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:47:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 27, 2019Home Sold
$340,000
Jul 29, 2004Home Sold
$312,387

Tax History

YEARPROP. TAXASSESSMENT
2021$5,262$382,200
2020$6,855$382,200
2018$6,037$463,700
2017$6,119$414,000

History based on county public records data.

Payment Calculator

$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-163666
9
/10

  • Maple Lawn Elementary School

  • 230 Wood Ave

  • 0.92 miles

  • Public District Grades KG-5

school-card-donut-163667
7
/10

  • Daffodil Valley Elementary School

  • 1509 Valley Ave E

  • 1.47 miles

  • Public District Grades PK-5

school-card-donut-163668
6
/10

  • Bonney Lake Elementary School

  • 18715 80th St E

  • 1.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,313. The majority of Sumner, WA residents have income between $100k-200k annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7516 Riverside Dr E

What is the listing price of this property?

The listing price of 7516 Riverside Dr E property is $480,000.

What type of property is this?

The property 7516 Riverside Dr E is a house located in Sumner, Washington, 98390.

Is this property for sale now?

Active Listing: 7516 Riverside Dr E is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,262 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 27, 2019 for $340,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7516 Riverside Dr E has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7516 Riverside Dr E is 2,145 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7516 Riverside Dr E is 1976.

Rocket Homes›Washington›Pierce County›Sumner›98390›7516 Riverside Dr E

This home is located at 7516 Riverside Dr E in Sumner, WA and zip code 98390. This 2,145 square foot home, which was built in 1976, sits on a 1.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $480,000.

Over 5 listings were sold over their listed price in October 2024 in Sumner, WA. In the same period over 2 listings were sold below the listed price and 4 listings were sold for the listed price. In October 2024 in Sumner, WA there were 3.9% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $535,000, while the average time on the real estate market was 50 days.

From Rocket Homes Real Estate and based on county public records data.

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