Listed by Virgil Adams Real Estate, Inc., Bought with Better Properties - Metro
$540,000
SOLD OCT 7, 2024
-- Bed
-- Bath
1,864 Sq Ft
7,200 Sq Ft Lot

Recently Sold

$290 Per Sq Ft

2% Below List Price

34 Days on Market

Highlights

  • No HOA
  • Patio
  • Wood Siding
  • Jefferson Middle School Rated A
  • Forced Air Heating System
  • Wall to Wall Carpet

About This Home

As of October 2024

Location, Location, Location. Close to downtown and west side shopping. Newer roof, exterior paint, large 2 bedroom 1 bath, all appliances included. Clean and in great shape throughout. They are always occupied. Working fireplaces add's charm to these units, has a side and rear doors entrance, and ally loaded carport with storage units. Close to downtown, shopping, and restaurants.

Last Agent to Sell the Property

Patrick Pieroni

Virgil Adams Real Estate, Inc. License #18878 Listed on: 08/01/2024

Last Buyer's Agent

Jen Turner

Better Properties - Metro License #46883

Better Properties - Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2272839

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,656

Year Built

  • Built in 1973

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,864 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Capital High School

Additional Features

  • Patio
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 68621200200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,656

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1864
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Olympia
  • WaterCompany: Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity36
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 68621200200
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 147
  • LeasedItems: None
  • TotalMonthlyIncome: 37200

Multi Family

  • Gross Scheduled Income: 37200
  • Net Operating Income: 31149
  • Number Of Units Total: 2
  • Insurance Expense: 1395
  • Leasable Area: 1864
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4656

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Oct 3, 2024
Sold by
Stepelton Andre F and Roberts Kathie J
Bought by
Spivak Paul and Spivak Maria
Seller's Agent
Patrick Pieroni
Virgil Adams Real Estate, Inc.
Buyer's Agent
Jen Turner
Better Properties - Metro
List Price
$549,900
Sold Price
$540,000
Premium/Discount to List
-$9,900
-1.8%
Views
33
Current Estimated Value
$559,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,460
Avg. Annual Appreciation
1.51%
Original Mortgage
$405,000
Outstanding Balance
$402,756
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$144,000

Purchase Details

Closed on
Mar 21, 2017
Sold by
Stepelton Andre F and Roberts Kathie J
Bought by
Stepelton Andre F and Roberts Kathie J

Purchase Details

Closed on
Sep 6, 2002
Sold by
Stepelton Andre and Roberts Kathie
Bought by
Stepelton Andre and Roberts Kathie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.29%

Purchase Details

Closed on
Jan 12, 2001
Sold by
Blankenship Lisa
Bought by
Stepelton Andre and Roberts Kathie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,700
Interest Rate
7.54%

Purchase Details

Closed on
Apr 19, 2000
Sold by
Parr John M
Bought by
Blankenship Lisa M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $540,000 Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title Of Western
Warranty Deed $123,000 Chicago Title Insurance Co
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Previous Owner $205,000 Unknown
Previous Owner $145,000 Unknown
Previous Owner $110,000 No Value Available
Previous Owner $110,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold $540,000 -1.8% $290 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $549,900 0.0% $295 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $549,900 -- $295 / 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 $4,656 $465,700 $271,600 $194,100
2023 $4,656 $445,000 $227,700 $217,300
2022 $3,467 $402,700 $207,200 $195,500
2021 $3,683 $289,900 $130,500 $159,400
2020 $3,528 $285,100 $105,700 $179,400
2019 $3,077 $266,400 $136,600 $129,800
2018 $3,200 $237,500 $111,100 $126,400
2017 $2,515 $201,000 $71,000 $130,000
2016 $2,096 $181,150 $70,750 $110,400
2014 -- $167,300 $79,400 $87,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2272839

Northwest Multiple Listing Service (NWMLS)

APN: 68621200200