Listed by eXp Realty, Bought with Terrafin
NOT LISTED FOR SALE

10909 Kuhlman Rd SE Unit A&B Olympia, WA 98513

Estimated Value: $506,000 - $604,000

4 Beds
2 Baths
1,980 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $480,000 $242 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,334/month

1 Day on Market

Highlights

  • RV Access or Parking
  • Secluded Lot
  • No HOA
  • Meadows Elementary School Rated A-
  • Territorial View
  • 1-minute walk to Metro Parks Tacoma

About This Home

As of July 2024

Perfect for homeowners or investors! Both units have undergone extensive renovations, featuring remodeled kitchens with modern appliances and countertops. Stylishly updated bathrooms boasting designer counters, vanities, and fixtures. Enjoy the comfort of newer carpet, floors, and doors. Benefit from energy-efficient windows and a newer roof. Conveniently situated near JBLM's new south entrance, with easy access to I-5 in both directions. Secluded on a spacious one-acre lot at the road's end.Both Units have tenants that the leases end June 30th!

Last Agent to Sell the Property

Andre Jones

eXp Realty License #24914 Listed on: 05/02/2024

eXp Realty

Last Buyer's Agent

Jesse Nelson

Terrafin License #110465

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2220435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,348

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 1 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Secluded Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Meadows Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Utilities

  • Baseboard Heating
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Valley Acres Ranchettes Condos
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 81280005603

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,348

Year Built

Built in 1970 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Valley Acres Ranchettes
  • New Construction: No
  • CalculatedSquareFootage: 1980
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: You Deserve It
  • Special Features: None
  • Cumulative Days on Market: 353

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Insert
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • CableConnected: Comcast Xfinity
  • InternetConnected: Comcast Xfinity
  • WaterSewerGarbage: 360

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 81280005603
  • Lot Size Acres: 0.9994
  • Lot Size Sq Ft: 43534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 17.18
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 30311
  • Number Of Units Total: 2
  • Insurance Expense: 1789
  • Leasable Area: 1980
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3348

MLS Schools

  • Elementary School: Meadows Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2025
Sold by
Matthews Jennifer and Hendrickson Alexys
Bought by
Turner Erika and Turner Phillip
Current Estimated Value
$560,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,448
Outstanding Balance
$578,448
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
-$32,495

Purchase Details

Listed on
May 2, 2024
Closed on
Jun 28, 2024
Sold by
Thomas Donald
Bought by
Matthews Jennifer and Hendrickson Alexys
Seller's Agent
Andre Jones
eXp Realty
Buyer's Agent
Jesse Nelson
Terrafin
List Price
$480,000
Sold Price
$480,000
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$480,000
Interest Rate
7.02%
Mortgage Type
VA

Purchase Details

Closed on
Jan 29, 2020
Sold by
Manwell Ronald L and Williamson Kirsten L
Bought by
Thomas Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1997
Sold by
Satterthwaite Jay V
Bought by
Manwell Ronald and Williamson Kirsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,400
Interest Rate
7.49%
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
Turner Erika $599,900 Fidelity National Title
Matthews Jennifer $480,000 Chicago Title
Thomas Donald $215,000 Chicago Title Company Of Wa
Manwell Ronald $66,800 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Erika $578,448
Previous Owner Matthews Jennifer $480,000
Previous Owner Thomas Donald L $253,400
Previous Owner Thomas Donald $161,250
Previous Owner Manwell Ronald L $110,000
Previous Owner Manwell Ronald $53,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $480,000 0.0% $242 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $480,000 -- $242 / 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 $3,348 $429,600 $179,500 $250,100
2023 $3,348 $325,700 $107,900 $217,800
2022 $2,832 $294,300 $74,000 $220,300
2021 $3,959 $223,100 $57,700 $165,400
2020 $3,523 $298,800 $78,100 $220,700
2019 $2,545 $272,000 $126,700 $145,300
2018 $2,674 $180,900 $52,600 $128,300
2017 $2,547 $179,200 $53,900 $125,300
2016 $2,280 $182,900 $50,600 $132,300
2014 -- $156,700 $54,200 $102,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2220435

Northwest Multiple Listing Service (NWMLS)

APN: 81280005603