Listed by COMPASS, Bought with Pellego, Inc.
NOT LISTED FOR SALE

Estimated Value: $548,000 - $819,000

6 Beds
4 Baths
2,128 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $580,000 $273 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,934/month

5 Days on Market

Highlights

  • No HOA
  • Patio
  • Property is Fully Fenced
  • Thermal Windows
  • High Speed Internet
  • Wood Siding

About This Home

As of March 2022

Investor Alert!! Well maintained and cash flowing Duplex, Located close to Saint Martin's University, and local hospitals. Great rental for traveling nurses, or college students. Minutes from local restaurants, and amenities. This duplex with a large lot gives you the feeling of privacy even though your only minutes from town! Each unit features a spacious 3-bedroom 1-bath with washer and dryer hook up, large attached garage and brand new fenced in yards! Very high occupancy rate and current tenants on month to month leases.

Last Agent to Sell the Property

Laura Lynn

COMPASS License #24070 Listed on: 02/03/2022

COMPASS

Co-Listed By

David Spalding

COMPASS License #73862

Last Buyer's Agent

John Adams

Pellego, Inc. License #111527

Pellego, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1884874

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1968

Lot Details

  • 0.41 Acre Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Lydia Hawk Elementary School
  • Chinook Mid Middle School
  • North Thurston High School

Utilities

  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Midway Sub Condos
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 62160003300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Midway Sub
  • New Construction: No
  • CalculatedSquareFootage: 2128
  • Special Features: None
  • Cumulative Days on Market: 341

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Slab
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: North Thurston High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 62160003300
  • Lot Size Acres: 0.4058
  • Lot Size Sq Ft: 17678
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 2595

Multi Family

  • Gross Scheduled Income: 31140
  • Net Operating Income: 25748
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2128
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3596

MLS Schools

  • Elementary School: Lydia Hawk Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2022
Sold by
Adams Sisee C and Adams Ralph E
Bought by
103436 Midway Llc
Current Estimated Value
$633,859

Purchase Details

Listed on
Feb 3, 2022
Closed on
Mar 7, 2022
Sold by
Evans Jeremie S and Evans Rayanna L
Bought by
Adams Sisee C and Adams Ralph E
Seller's Agent
Laura Lynn
COMPASS
Buyer's Agent
John Adams
Pellego, Inc.
List Price
$530,000
Sold Price
$580,000
Premium/Discount to List
$50,000
9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.54%
Original Mortgage
$290,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2018
Sold by
Evans Charles F and Evans Susan D
Bought by
Evans Jeremie S and Evans Rayanna L

Purchase Details

Closed on
May 16, 2007
Sold by
Evans Charles F
Bought by
Evans Charles F and Evans Susan D

Purchase Details

Closed on
Jul 24, 2006
Sold by
Sterling Savings Bank
Bought by
Evans Charles F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
103436 Midway Llc -- None Listed On Document
Adams Sisee C $579,719 Chicago Title
Evans Jeremie S -- None Available
Evans Charles F -- None Available
Evans Charles F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Sisee C $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $580,000 +9.4% $273 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $530,000 -- $249 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,199 $545,600 $242,500 $303,100
2023 $5,199 $538,700 $212,200 $326,500
2022 $4,002 $470,800 $199,800 $271,000
2021 $3,596 $340,000 $151,700 $188,300
2020 $3,563 $284,400 $84,600 $199,800
2019 $2,863 $292,800 $130,200 $162,600
2018 $3,579 $263,600 $96,900 $166,700
2017 $2,937 $227,400 $65,700 $161,700
2016 $2,734 $215,400 $64,300 $151,100
2014 -- $206,300 $64,300 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1884874

Northwest Multiple Listing Service (NWMLS)

APN: 62160003300