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7516 Riverside Dr E, Sumner, WA 98390

$545,000
Last sold 01/22/2025 for $382K
3
bed
2
bath
2,145
Sqft ($178/Sqft)

House not for sale

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About 7516 Riverside Dr E

Property type House

Neighborhood

Year built 1976

HOA fee $0/month

Lot size 1.15 Acre

Movoto estimate

Parking 7 garage spaces

Property description

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

Listed by

Listing Agent - Caelyn Gillaspie

Listing Office - Kelly Right RE of Seattle LLC

Source: NWMLS

MLS#2312004 • last updated 1 year ago

Movoto checked NWMLS for data 9 minutes ago

Overview
Cooling/AC	Forced Air
Heating	Forced Air
Levels/Style	House, One, Contemporary
MLS #	2312004
SubType	Residential
Type	Residential
SqFt	2145
Status	Sold
Lot Size (SqFt)	50094
Lot Size (Acres)	1.15
Property Tax	6192.85
Buying Office	Real Broker LLC
Year Built	1976
Buying Office Phone	855-450-0442
Condition	Fixer

Interior
Total # of Bathrooms	2
# Full Baths	1
# Half Baths	1
Bathroom	1.5
# Bedrooms	3
Basement	None
Fireplace	Electric

Exterior
Foundation	Poured Concrete
Roof	Composition
# Covered Spaces	7
# Parking Spaces	7
# Garage Spaces	7
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Septic Tank, SEPTIC
Water	Public
Water Company	SUMNER
Power Company	PSE
Power Production: Type	Electric, Natural Gas

Location
View	River
Waterfront	River Access
County	Pierce
Subdivision	Sumner Valley
Area	74 - Sumner
Elementary School	Maple Lawn Elem
Middle School	Sumner Middle
High School District	Sumner-Bonney Lake
High School	Sumner Snr High
APN	520304004
Directions	Take The WA-162 E/Valley Ave Exit Toward Orting Drive To Riverside Rd E In Alderton

Lot/ Land Details
Site Features	Shop

$545K

Range: $408K-$681K

Last 30 days

Rental est.: $2,761/month

• Gross rent multiplier: 11.5

Lower your payment with the loan terms that fit you.

Jan 2025
Public Records
Jan 22, 2025 Sold
$382,500
Jan 2025
MLS # 2312004
Jan 22, 2025 Sold
$382,500 (-16.8%)
Dec 3, 2024 Pending
—
Nov 27, 2024 Price Change
$460,000 (-4.2%)
Nov 19, 2024 Listed
$480,000 (+41.3%)
Sep 2019
Public Records
Sep 27, 2019 Sold
$339,719 (-2.9%)
Jun 2019
MLS # 1470948
Jun 19, 2019 Price Change
$349,900 (-12.4%)
Jun 6, 2019 Listed
$399,500

7516 Riverside Dr E
$382K
Alderton
$737K +8% y/y
98390
$599K 0% y/y
Sumner
$599K -2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
7498 Riverside Dr E, Sumner, WA 98390	$586,400	3/—	2,230	0.02
7501 Riverside Dr E, Sumner, WA 98390	$298,300	2/1	856	0.03
7517 Riverside Dr E, Sumner, WA 98390	$447,100	2/1	1,280	0.05
7496 Riverside Dr E, Sumner, WA 98390	$423,900	3/—	1,204	0.05
15909 76th St E, Sumner, WA 98390	$407,700	3/—	1,930	0.05
16118 75th St E, Sumner, WA 98390	$456,000	3/—	1,420	0.05
16111 75th St E, Sumner, WA 98390	$555,200	3/—	1,352	0.06
7494 Riverside Dr E, Sumner, WA 98390	$283,200	3/—	1,440	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.