NOT LISTED FOR SALE

1118 Puget St NE Unit 1120 Olympia, WA 98506

Northeast Olympia Neighborhood

Estimated Value: $543,000 - $671,000

4 Beds
2 Baths
1,864 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $420,000 $225 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,648/month

19 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • Wall to Wall Carpet
  • Reeves Middle School Rated A-
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of December 2020

Remodeled duplex with 2 bedrooms and hard to find 1.5 bath units. Large fenced yard, garage, laundry hookups. Remodeled two years ago with brand new kitchens cabinets with granite counters and upgraded appliances, updated bathrooms, new flooring throughout, newer vinyl windows, new trim and door packages, new paint. etc... Great investment to add to your portfolio. Never vacant. Will not last long....

Last Agent to Sell the Property

Andre Scott

Better Properties NW License #110296 Listed on: 10/23/2020

Better Properties NW

Last Buyer's Agent

Anthony Cheng

COMPASS License #20109188

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1681460

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,110

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Rooseveltelem Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 68005900100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,110

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
  • New Construction: No
  • CalculatedSquareFootage: 1864
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 293

Interior Features

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

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex
  • ConstructionMethods: Post & Beam

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: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: Public
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Reeves Mid

Lot Info

  • Parcel Number: 68005900100
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,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: None
  • TotalMonthlyIncome: 2700

Multi Family

  • Net Operating Income: 28310
  • Number Of Units Total: 2
  • Insurance Expense: 980
  • Leasable Area: 1864
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3110

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Dec 15, 2020
Sold by
Santom Properties Llc
Bought by
Williams Wakeem A
Seller's Agent
Andre Scott
Better Properties NW
Buyer's Agent
Anthony Cheng
COMPASS
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Total Days on Market
19
Current Estimated Value
$586,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,526
Avg. Annual Appreciation
7.76%
Original Mortgage
$412,392
Outstanding Balance
$371,356
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$215,170

Purchase Details

Closed on
Jan 22, 2016
Sold by
Joey Investments Inc
Bought by
Santom Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,319,500
Interest Rate
3.93%
Mortgage Type
Unknown

Purchase Details

Listed on
Apr 8, 2013
Closed on
Mar 9, 2015
Sold by
Westerdale Ruth
Bought by
Joey Investments Inc
Seller's Agent
Susan Draper
Wilcox Real Estate
Buyer's Agent
Mike Young
Coldwell Banker Danforth
List Price
$199,900
Sold Price
$140,000
Premium/Discount to List
-$59,900
-29.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$140,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 2, 2006
Sold by
Bevelacqua M Joan and Vinson Julia A
Bought by
Westerdale Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 17, 2003
Sold by
Webster Johns Nadine L and Johns Nadine L
Bought by
Bevelacqua M Joan and Vinson Julia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 15, 1999
Sold by
Vatne Raymond Tom and Vatne Emtisal
Bought by
Quach Hung Han and Tran Anh M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
7.01%
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 Buyer Sale Price Title Company
Williams Wakeem A $420,000 Stewart Title
Santom Properties Llc -- None Available
Joey Investments Inc $139,719 First American Title
Westerdale Ruth $215,000 First American Title
Bevelacqua M Joan $156,000 Stewart Title Of Wester
Quach Hung Han $108,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Wakeem A $79,000
Open Williams Wakeem A $412,392
Previous Owner Santom Properties Llc $403,000
Previous Owner Santom Properties Llc $1,319,500
Previous Owner Joey Investments Incorporated $140,000
Previous Owner Joey Investments Inc $140,000
Previous Owner Westerdale Ruth $172,000
Previous Owner Bevelacqua M Joan $124,800
Previous Owner Quach Hung Han $102,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $420,000 0.0% $225 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/02/2020 11/02/20 Price Changed $420,000 -1.2% $225 / Sq Ft
10/23/2020 10/23/20 For Sale $425,000 +203.6% $228 / Sq Ft
03/13/2015 03/13/15 Sold $140,000 -30.0% $75 / Sq Ft
09/20/2014 09/20/14 Pending -- -- --
04/08/2013 04/08/13 For Sale $199,900 -- $107 / 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 $4,412 $526,700 $271,600 $255,100
2023 $4,412 $421,700 $199,000 $222,700
2022 $4,846 $457,300 $223,800 $233,500
2021 $3,598 $405,500 $192,000 $213,500
2020 $3,110 $278,500 $107,200 $171,300
2019 $2,636 $234,700 $112,100 $122,600
2018 $2,835 $210,400 $88,700 $121,700
2017 $2,459 $196,550 $69,350 $127,200
2016 $1,819 $162,450 $70,350 $92,100
2014 -- $145,150 $74,250 $70,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1681460

Northwest Multiple Listing Service (NWMLS)

APN: 68005900100