Listed by eXp Realty, Bought with Real Broker LLC
NOT LISTED FOR SALE

Estimated Value: $439,000 - $531,000

2 Beds
2 Baths
1,715 Sq Ft
$271/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $301,000 $176 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,763/month

52 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • 1-Story Property
  • Reeves Middle School Rated A-
  • Wall to Wall Carpet

About This Home

As of August 2020

CALLING ALL INVESTORS! Rare opportunity to add a duplex to your portfolio located in the heart of Olympia! Each unit is currently occupied and has 2 bedrooms, 1 bathroom, ~857 sqft, kitchen, living room, and an attached garage. The interiors feature wall to wall carpet & laminate flooring w/D hookups in the garage. Exterior features large back yard and minutes away to I-5, shopping, and entertainment. Seller has also just installed a new roof! Please check out 3-D virtual tour today!

Last Agent to Sell the Property

Joe Symonette

eXp Realty License #87518 Listed on: 04/24/2020

eXp Realty

Last Buyer's Agent

Garrett Terrell

Real Broker LLC License #135044

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1592807

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,650

Year Built

  • Built in 1970

Lot Details

  • 9,840 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,715 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 68005900102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,650

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.25%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1715
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 1770

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 68005900102
  • Lot Size Acres: 0.2259
  • Lot Size Sq Ft: 9840
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 1800

Multi Family

  • Gross Scheduled Income: 21600
  • Net Operating Income: 14695
  • Number Of Units Total: 2
  • Insurance Expense: 763
  • Leasable Area: 1715
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2650

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2020
Closed on
Jul 31, 2020
Sold by
Abraham Ancy and Vargeese Shibi
Bought by
Vargeese Shibi
Seller's Agent
Joe Symonette
eXp Realty
Buyer's Agent
Garrett Terrell
Real Broker LLC
List Price
$330,000
Sold Price
$301,000
Premium/Discount to List
-$29,000
-8.79%
Current Estimated Value
$464,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,409
Avg. Annual Appreciation
8.70%

Purchase Details

Listed on
Apr 24, 2020
Closed on
Jul 15, 2020
Sold by
Christian Marty J
Bought by
Vargeese Shibi and Gaffke Jonathan
Seller's Agent
Joe Symonette
eXp Realty
Buyer's Agent
Garrett Terrell
Real Broker LLC
List Price
$330,000
Sold Price
$301,000
Premium/Discount to List
-$29,000
-8.79%

Purchase Details

Closed on
Jun 21, 2007
Sold by
Christian Kristine
Bought by
Christian Marty

Purchase Details

Closed on
Nov 29, 2006
Sold by
Webster Johns Nadine L and Johns Nadine L
Bought by
Christian Marty J and Christian Kristine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Vargeese Shibi -- Multiple
Vargeese Shibi $301,000 Multiple
Christian Marty -- Chicago Title Company
Christian Marty J $209,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christian Marty J $125,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2020 08/04/20 Sold $301,000 -5.9% $176 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $319,995 -3.0% $187 / Sq Ft
05/19/2020 05/19/20 For Sale $330,000 0.0% $192 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $330,000 0.0% $192 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $330,000 -- $192 / 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 $3,601 $436,700 $271,600 $165,100
2023 $3,601 $344,000 $199,000 $145,000
2022 $3,397 $318,400 $167,800 $150,600
2021 $3,449 $284,000 $144,000 $140,000
2020 $3,000 $266,900 $107,200 $159,700
2019 $2,529 $226,400 $112,100 $114,300
2018 $2,927 $217,200 $104,300 $112,900
2017 $2,560 $204,600 $86,700 $117,900
2016 $1,985 $173,300 $87,900 $85,400
2014 -- $158,450 $92,750 $65,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1592807

Northwest Multiple Listing Service (NWMLS)

APN: 68005900102