7516 Riverside Dr E

2,145 Sq. Ft.
$178 / Sq. Ft.
2,145
Sq. Ft.
$178
per Sq. Ft.

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,...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
  1. Listed by Caelyn Gillaspie • Kelly Right RE of Seattle LLC
    P: 4842-206-525-5235 caelyngillaspie@gmail.com
  2. Listed by Silas Gillaspie • WeLakeside
    P: (425)-246-1453 brokersilas@gmail.com

Property Details for 7516 Riverside Drive East

Community Name
Sumner Valley
School District
Sumner-Bonney Lake
View
River
Number of Assigned Spaces
7
Total Covered Parking
7
Entry Date
11-19-2024
Energy Source
Electric,Natural Gas
Sewer
Septic Tank
LISTING CLOSED: 01/22/2025 12:00 AM

Property Details for 7516 Riverside Drive East

StatusSold
MLS #2312004
Days on Market51
Cumulative Days on Market49
Taxes$6,193 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential
Year Built1976
Lot Size1.15 AC / 50,094 SF
CountyPierce County

Location

Listing Courtesy of Kelly Right RE of Seattle LLC; WeLakeside

Sold By Real Broker LLC

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Building Information for 7516 Riverside Drive East

Stories-Year Built1976Building Size-Lot Size1.15 AC / 50,094 SF

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$2,422 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,906

Property Taxes

$516

HOA Dues

$0

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Property Information for 7516 Riverside Drive East

Summary
Location and General Information
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Site Features: Shop
  • Area: 74 - Sumner
  • Elementary School: Maple Lawn Elem
  • Middle Or Junior School: Sumner Middle
  • High School: Sumner Snr High
  • Effective Year Built Source: Public Records
  • Directions: Take the WA-162 E/Valley Ave exit toward Orting Drive to Riverside Rd E in Alderton
  • Property Sub Type: RESI
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Garage Spaces: 7.0
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
  • Parking Type: Attached Garage, Garage-Attached, Garage-Detached
  • Open Parking: No
  • Parking Features: Attached Garage, Detached Garage
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 1
  • Full Baths Lower: 0
  • Full Baths Main: 1
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 1
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 2
Bedroom Information
  • Bedrooms Main: 3
  • Bedrooms Upper: 0
  • Bedrooms Lower: 0
  • Bedrooms Possible: 3
Interior Features
  • Fireplaces Total: 0
  • Basement: None
  • Features: French Doors, Hot Tub/Spa
  • Room and Floor: Bedroom-Main, Bathroom Full-Main, Bathroom Half-Main, Great Room-Main, Family Room-Main, Kitchen Without Eating Space-Main, Dining Room-Main
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace Features: Electric
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • Spa: Yes
  • Room List: Bedroom, Bathroom Full, Bathroom Half, Great Room, Family Room, Kitchen Without Eating Space, Dining Room
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
  • Waterfront Description: River Access
Property
Utilities
  • Water Source: Public
  • Power Company: PSE
  • Sewer Company: SEPTIC
  • Water Company: SUMNER
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Level: One
  • Lot Topography: Level
  • MLS Square Footage Source: county
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1986
  • Photos Count: 1
Lot Information
  • Lot Size Source: county
  • Parcel Number Free Text: 0520304004
  • Building Condition: Fixer
  • Calculated Square Footage: 2145
  • Detached Dwelling SqFt Finished: 0
  • Structure Type: House
  • Square Footage Finished: 2145
  • Square Footage Unfinished: 0
  • Building Area Total: 2145.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Vacant
  • Land Lease: No

Property History for 7516 Riverside Drive East

DateEvent & SourcePriceAppreciation
Jan 22, 2025

Sold

NWMLS #2312004

$382,500—
Jan 20, 2025

Sold (Public Record)

Public Record #1549098012

$382,500

+2.2% / yr

Jan 9, 2025

Price Change

NWMLS #2312004

$399,950—
DateEvent & SourcePrice
01/22/2025

Sold

NWMLS #2312004

$382,500
01/20/2025

Sold (Public Record)

Public Record #1549098012

$382,500

+2.2% / yr

01/09/2025

Price Change

NWMLS #2312004

$399,950

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7516 Riverside Drive East

Taxable ValueLand$343,400Additions$127,900Total$471,300
Tax Record2025$6,180 ($515 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt2,145 SqFtAbove Ground SqFt2,145 SqFtStories1Lot Size50,094 SqFtStyleSingle Family ResidenceYear Built1976Year Renovated1986ZoningR10CountyPIERCEAPN052030-4-004

Schools near 7516 Riverside Drive East

This home is within Sumner School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Maple Lawn Elementary School
PublicPK to 5

Sumner Middle School
Public6 to 8

Sumner Senior High School
Public9 to 12

Tehaleh Heights Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Kelly Right RE of Seattle LLC; WeLakeside

Based on information submitted to the MLS GRID as of 02/22/2025 04:02 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.