Listed by Abbey Realty Inc, Bought with Redfin
NOT LISTED FOR SALE

Estimated Value: $564,000 - $650,000

4 Beds
2 Baths
2,088 Sq Ft
$281/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $560,000 $268 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,619/month

18 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Property is Fully Fenced
  • Lincoln Elementary School Rated A-
  • Forced Air Heating System
  • Wood Siding

About This Home

As of July 2024

Unlock the potential of this historic gem in South Capitol Neighborhood! TLC opportunity awaits in this charming duplex on a large lot (zoned 2- 4 explore the possibilities). Both units are clean and ready to rent, (new carpet in unit 1) but could use some exterior restoration. Huge attic could add additional living space. With a history of consistent rental income, it's your chance to restore and reap the rewards! Don't miss out! Seller prefers to sell AS IS

Last Agent to Sell the Property

Laura Lundin

Abbey Realty Inc License #24684 Listed on: 06/07/2024

Last Buyer's Agent

Brandi Delgado

Redfin License #103524

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2248173

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,300

Year Built

  • Built in 1902

Lot Details

  • 5,413 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,088 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Capital Campus Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60800301400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,300

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1902
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2088
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Clubhouse

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, See Remarks
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 1524

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 60800301400
  • Lot Size Acres: 0.1243
  • Lot Size Sq Ft: 5413
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully
  • MLSLotSizeSource: public records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 11.9
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 42073
  • Number Of Units Total: 2
  • Insurance Expense: 1503
  • Leasable Area: 2088
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Jul 24, 2024
Sold by
Michael Oswald and Michael Jacquelyn Oswald
Bought by
Ritacco Dannielle and Haugen Nels
Seller's Agent
Laura Lundin
Abbey Realty Inc
Buyer's Agent
Brandi Delgado
Redfin
List Price
$650,000
Sold Price
$560,000
Premium/Discount to List
-$90,000
-13.85%
Views
114
Current Estimated Value
$587,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,559
Avg. Annual Appreciation
4.38%
Original Mortgage
$420,000
Outstanding Balance
$417,162
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$170,397

Purchase Details

Closed on
May 15, 2007
Sold by
Oswald Michael E and Oswald Jacquelyn K
Bought by
Michael E & Jacquelyn K Oswald Revocable

Purchase Details

Closed on
Apr 14, 2000
Sold by
Reade Sarah S
Bought by
Oswald Michael E and Oswald Jacquelyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.24%

Purchase Details

Closed on
Jan 13, 1994
Sold by
Clees John A and Clees Susan
Bought by
Reade Sarah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
8.62%
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
Ritacco Dannielle $560,000 Wfg National Title
Michael E & Jacquelyn K Oswald Revocable -- Thurston County Title Co
Oswald Michael E $155,000 Thurston County Title Co
Reade Sarah S $152,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritacco Dannielle $420,000
Previous Owner Oswald Michael E $124,000
Previous Owner Reade Sarah S $121,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $560,000 -6.7% $268 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/17/2024 06/17/24 Price Changed $600,000 -7.7% $287 / Sq Ft
06/07/2024 06/07/24 For Sale $650,000 -- $311 / 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 $5,300 $559,200 $271,600 $287,600
2023 $5,300 $506,700 $244,900 $261,800
2022 $3,928 $449,400 $217,300 $232,100
2021 $4,125 $328,600 $141,800 $186,800
2020 $3,695 $319,400 $107,500 $211,900
2019 $3,155 $279,000 $126,700 $152,300
2018 $3,275 $243,100 $103,000 $140,100
2017 $2,302 $183,900 $61,200 $122,700
2016 $1,806 $159,850 $93,250 $66,600
2014 -- $144,100 $98,400 $45,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2248173

Northwest Multiple Listing Service (NWMLS)

APN: 60800301400