Listed by Coldwell Banker Evergreen, Bought with Better Properties N. Proctor
NOT LISTED FOR SALE

Estimated Value: $713,000 - $968,000

8 Beds
4 Baths
5,200 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $385,000 $74 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,897/month

9 Days on Market

Highlights

  • Deck
  • Territorial View
  • Thermal Windows
  • Tumwater Middle School Rated A-
  • Corner Lot
  • Patio

About This Home

As of April 2015

Great investment property on Tumwater Hill. Two duplex units sold as one parcel on a large corner lot. Two story units, with approximately 1300 square feet each with 2 bedrooms, 1.5 baths and views. Conveniently located with access to schools, shopping and I-5 access.

Last Agent to Sell the Property

Sandra Olson

Coldwell Banker Evergreen License #28853 Listed on: 03/27/2015

Coldwell Banker Evergreen

Last Buyer's Agent

Valerie Albright

Better Properties N. Proctor License #83734

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 762768

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1976

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 5,200 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Peter G Schmidt Elementary School
  • George Wash Bush Mid Middle School
  • Tumwater High School

Utilities

  • Mini Split Air Conditioners
  • Cable TV Available

Community Details

  • Tumwater Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 & 8 / 16
  • Assessor Parcel Number 80601600700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5200
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Energy Package,Storage,Thermal Windows

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Tumwater
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 3840

Schools

  • Junior High Dist: Tumwater
  • High School: Tumwater High
  • Middle Or Junior School: George Wash Bush Mid

Lot Info

  • Parcel Number: 80601600700
  • Lot Size Acres: 0.3306
  • Lot Size Sq Ft: 14400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: Assessor
  • LotNumber: 7 & 8

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3322

Multi Family

  • Gross Scheduled Income: 39900
  • Net Operating Income: 9374
  • Number Of Units Total: 4
  • Insurance Expense: 1134
  • Leasable Area: 5200
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4400

MLS Schools

  • Elementary School: Peter G Schmidt Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2015
Closed on
Apr 28, 2015
Sold by
Meyer Burton C and Meyer Diana L
Bought by
Western Cedar Property Management Llc
Seller's Agent
Sandra Olson
Coldwell Banker Evergreen
Buyer's Agent
Valerie Albright
Better Properties N. Proctor
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Current Estimated Value
$831,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,915
Avg. Annual Appreciation
7.87%
Original Mortgage
$150,000
Outstanding Balance
$117,171
Interest Rate
3.67%
Mortgage Type
Unknown
Estimated Equity
$730,916
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
Western Cedar Property Management Llc $384,719 Chicago Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2015 04/30/15 Sold $385,000 -3.7% $74 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
03/28/2015 03/28/15 For Sale $399,900 -- $77 / 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 $5,840 $716,700 $329,800 $386,900
2023 $5,840 $583,600 $185,600 $398,000
2022 $5,349 $561,000 $198,100 $362,900
2021 $5,699 $454,600 $158,500 $296,100
2020 $6,450 $444,400 $99,600 $344,800
2019 $4,381 $487,700 $229,100 $258,600
2018 $4,625 $358,400 $104,500 $253,900
2017 $4,684 $357,200 $86,100 $271,100
2016 -- $284,000 $71,800 $212,200
2014 -- $298,900 $76,000 $222,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 762768

Northwest Multiple Listing Service (NWMLS)

APN: 80601600700