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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
15509 Washington St Sumner, WA 98390-3237
Individually Owned
9-yr Hold
Property ID
US90-0323054
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
3,296 SF
Lot
0.27 ac (11,722 SF)
Zoning code
MDR
APN
2669000100
UPID
US90-0323054
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Jaspinder Athwal · 9 yrs held
Jaspinder Athwal
since 2017
7 recorded transactions
Zoning & alternative use
MDR · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sumner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sumner submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,983
Tax year 2024
Assessed value
$772,000
Assessed 2024
Previous assessed
$772,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$248,300
Assessed improvement
$523,700
Land market value
$248,300
Improvement market value
$523,700
Total market value
$772,000
Applied tax rate
117.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,296 SF
Lot
0.27 ac (11,722 SF)
Zoning code
MDR
APN
2669000100
UPID
US90-0323054
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MDR · Sumner, WA
Zoning MDR · permitted uses
MDR · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sumner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jaspinder Athwal
Individual
Mailing address
18642 175TH AVE SE, RENTON, WA 98058-9539
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Jaspinder Athwal
—
Deed
related
$937,500 · Kitsap Bank
Apr 26, 2021
—
Jaspinder Athwal
—
Deed
related
$295,000 · Newrez LLC
Mar 27, 2017
$392,719
Jaspinder Athwal
Ridhima Ohri
Warranty Deed
$314,400 · American Pacific Mortgage
Mar 27, 2017
—
Jaspinder Athwal
Singh,krystal
Quit Claim Deed
related
—
May 16, 2014
$287,500
Ridhima Ohir
Anthony J Crivello
Trustees Deed
related
—
May 8, 2001
$255,948
Anthony Crivello
Baron,douglas C & Susan L
Grant Deed
$198,000 · First Bank Of Arizona
Jul 31, 1998
$187,000
Douglas C Baron
Tropp,robert & Norma D
Grant Deed
$130,900 · Mt Rainier National Bank
May 31, 1994
$169,900
Robert Tropp
Martinez,francis
Grant Deed
$88,000 · Guild Mortgage Co
Feb 21, 1991
$160,000
Francisco Martinez
Unknown
Grant Deed
$16,000 · Seller
—
—
Ridhima Ohri
—
Deed Of Trust
related
$100,000 · Pedro LLC
—
—
Anthony Crivello
—
Deed Of Trust
related
$132,700 · Greenpoint Mortgage Funding
—
—
Ridhima Ohri
—
Deed Of Trust
related
$1,000,000 · Cabiao LLC
—
—
Anthony Crivello
—
Deed Of Trust
related
$20,000 · Key Bank NA
—
—
Anthony Crivello
—
Deed Of Trust
related
$202,500 · Washington Mutual Fsb
—
—
Anthony Crivello
—
Deed Of Trust
related
—
—
—
Anthony J Crivello
—
Deed Of Trust
related
$256,000 · Greenpoint Mortgage Funding
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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