Listed by Better Properties NW, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

1106 Neil St NE Olympia, WA 98516

Tanglewilde Neighborhood
-- Bed
-- Bath
5,200 Sq Ft
0.61 Acres

Last Sold September 30, 2022

Last sale price $1,500,000 $288 Per Sq Ft

83 Days on Market

Highlights

  • 0.61 Acre Lot
  • Patio
  • Partially Fenced Property
  • No HOA
  • High Speed Internet
  • Wood Siding

About This Home

As of September 2022

LOAN ASSUMABLE AT 4% INTEREST RATE! 9 unit investment property in the heart of Lacey. Building sits on over a half acre with 9 1-BR, 1-BA units all equipped with kitchen, living room, dining area, private patio in back. Improvements in past 5 years include new TPO roof, new partition fences, new slider doors & new exterior paint, also in some units new kitchen cabinets, new flooring and appliances. About ½ of the units have been fully updated and the rest are in good condition and do not need any major repairs. Coin-op collects $100/mo.

Last Agent to Sell the Property

Andre Scott

Better Properties NW License #110296 Listed on: 06/03/2022

Better Properties NW

Last Buyer's Agent

Shannon Laux

Skyline Properties, Inc. License #22010076

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1944830

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,594

Year Built

  • Built in 1973

Lot Details

  • 0.61 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,200 Sq Ft Home
  • 1-Story Property

Parking

  • 14 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Olympic View Elementary School
  • Salish Middle School
  • River Ridge High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Thompson Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 61930004700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,594

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1973
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5200
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 426

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 6804

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 61930004700
  • Lot Size Acres: 0.6094
  • Lot Size: 26547
  • Lot Size Sq Ft: 26547
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 11330

Multi Family

  • Net Operating Income: 102955
  • Number Of Units Total: 9
  • Insurance Expense: 3084
  • Leasable Area: 5200
  • EnergySource: Electric
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 9594

MLS Schools

  • Elementary School: Olympic View Elem

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $1,500,000 -3.2% $288 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $1,550,000 0.0% $298 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
06/17/2022 06/17/22 Price Changed $1,550,000 -3.1% $298 / Sq Ft
06/03/2022 06/03/22 For Sale $1,600,000 +86.0% $308 / Sq Ft
08/21/2020 08/21/20 Sold $860,000 -4.4% $165 / Sq Ft
06/13/2020 06/13/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $900,000 -- $173 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andre Scott

    Better Properties NW

    (253) 202-1454

    1 in this area

    89 Total Sales

    Andre Scott
    Section Image
  • Shannon Laux

    Buyer's Agent in 2022

    Shannon Laux

    Skyline Properties, Inc

    (206) 595-4940

    1 in this area

    1 Total Sale

    Shannon Laux
    Section Image
  • Mitch Dietz

    Seller's Agent in 2020

    Mitch Dietz

    Coldwell Banker Evergreen Olympic Realty, Inc.

    (360) 791-5009

    1 in this area

    216 Total Sales

    Mitch Dietz
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1944830

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Olympia 98516 Tanglewilde

1106 Neil St NE, Olympia, WA

This home is located at 1106 Neil St NE, Olympia, WA 98516 since 03 June 2022. This property was built in 1973. 1106 Neil St NE is a home located in Thurston County with nearby schools including Olympic View Elementary School, Nisqually Middle School, and River Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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