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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Apartment buildings
15914 52nd E St Sumner, WA 98390-3146
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0672659
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
3,728 SF
Lot
0.38 ac (16,688 SF)
Zoning code
HDR
APN
5719000070
UPID
US90-0672659
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
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Ivan V Kurkov · 9 yrs held
Ivan V Kurkov
since 2017
7 recorded transactions
Zoning & alternative use
HDR · 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%
$750,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$162 / 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
$8,907
Tax year 2024
Assessed value
$861,500
Assessed 2024
Previous assessed
$861,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$260,400
Assessed improvement
$601,100
Land market value
$260,400
Improvement market value
$601,100
Total market value
$861,500
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
1983
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,728 SF
Lot
0.38 ac (16,688 SF)
Zoning code
HDR
APN
5719000070
UPID
US90-0672659
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
HDR · Sumner, WA
Zoning HDR · permitted uses
HDR · 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
1983
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ivan V Kurkov
Individual
Mailing address
PO BOX 833, GRAHAM, WA 98338-0833
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
Feb 16, 2021
—
Ivan V Kurkov
—
Deed
related
$525,000 · Nfm INC
Dec 27, 2017
—
Ivan V Kurkov
—
Deed
related
$431,250 · Guild Mtg
Jul 19, 2017
$403,219
Ivan V Kurkov
Shane Howard Christian
Warranty Deed
$422,401 · Viewcrest Capital LLC
Jul 19, 2017
—
Ivan V Kurkov
Kurkov,silvia
Quit Claim Deed
related
—
Apr 4, 2017
—
Christian S Howard
Pondera Properties LLC
Quit Claim Deed
related
—
Feb 14, 2007
—
Pondera Properties LLC
Tate,perri L
Warranty Deed
—
May 31, 2006
$443,700
C Shane Howard
Kongkham Chiengthong
Warranty Deed
$354,960 · Liberty Financial Group INC
May 19, 2006
—
Chiengthong Kongkham
Kongruengkit,kiattisak
Quit Claim Deed
related
—
Apr 11, 2005
$390,000
Chiengthong Kongkham
2004 Eastside INC
Warranty Deed
$312,000 · Gn Mortgage Corp
Jan 13, 2005
$2,980,000
2004 Eastside INC
Summer Glen Apartments LLC
Grant Deed
$2,650,864 · First Mutual Bank
Jul 31, 1998
$205,800
Summer Glen LLC
Rafatjah,richard & Nga B
Grant Deed
—
Feb 28, 1997
$176,500
Richard Rafatjah
Sherling,arthur R & Marilyn L
Grant Deed
—
Nov 3, 1992
$179,000
Arthur R Sherling
Unknown
Grant Deed
$125,300 · Age Federal Cu
Aug 3, 1990
$142,500
Robert D Egge
Stipe,alfred C
Grant Deed
$114,000 · Great Western Bank
—
—
Summer Glen Apartments LLC
—
Deed Of Trust
related
$1,100,000 · St Paul Fsb
—
—
Ivan V Kurkov
—
Deed Of Trust
related
$431,250 · Guild Mtg
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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