NOT LISTED FOR SALE

112 S 2nd St Unit 1&2 Elma, WA 98541

Estimated Value: $354,000 - $523,000

-- Bed
-- Bath
1,758 Sq Ft
$238/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $245,000 $139 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,580/month

2 Days on Market

Highlights

  • Wood Flooring
  • High Speed Internet
  • Wood Siding
  • Patio
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of November 2019

Immaculate & tasteful total remodel of both units of this Duplex. Move in ready. Large double lot w/detached 2 car garage & storeroom for extra income. Terrific investment or live in one and rent the other to cover part or all of your payment. Great passive income. Location! Elma is growing!! Located in town-walk to all the amenities. 3 minutes to Hwy 8. Only 30 minutes EZ commute to Olympia, or Aberdeen. Units both include washers & dryers.

Kekoa Lwin

eXp Realty License #23028853 Listed on: 10/02/2019

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1526234

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,374

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 8,382 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,758 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Elma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043000100501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,374

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1758
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 253

Interior Features

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

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Ground Source, Natural Gas Connected
  • PowerCompany: GH PUD
  • SewerCompany: City of Elma
  • WaterCompany: City of Elma
  • WaterSewerGarbage: 1932

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 200

Schools

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

Lot Info

  • Parcel Number: 043000100501
  • Lot Size Acres: 0.1924
  • Lot Size Sq Ft: 8382
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Ground Source, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2575

Multi Family

  • Gross Scheduled Income: 24705
  • Net Operating Income: 19420
  • Number Of Units Total: 2
  • Electric Expense: 1320
  • Insurance Expense: 1260
  • Leasable Area: 1758
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 1374

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
Svetlana Helms
Bought by
Husky Llc
Total Days on Market
2
Current Estimated Value
$419,047

Purchase Details

Closed on
May 23, 2020
Sold by
Husky Llc
Bought by
Helms Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2019
Closed on
Nov 27, 2019
Sold by
Helms Svetlana
Bought by
Husky Llc
Buyer's Agent
Kekoa Lwin
eXp Realty
List Price
$255,000
Sold Price
$245,000
Premium/Discount to List
-$10,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$183,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2019
Closed on
Nov 12, 2019
Sold by
Swayze Robert and Swayze Rosanna
Bought by
Helms Svetlana
Buyer's Agent
Kekoa Lwin
eXp Realty
List Price
$255,000
Sold Price
$245,000
Premium/Discount to List
-$10,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
3.65%
Mortgage Type
New Conventional

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
Husky Llc -- Bc Law Firm Pa
Husky Llc -- Bc Law Firm Pa
Helms Svetlana -- First American Mortgage Sln
Helms Svetlana -- First American Mortgage Sln
Husky Llc -- Timios Title
Husky Llc -- Timios Title
Helms Svetlana $245,000 Coast Title
Helms Svetlana $245,000 Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Helms Svetlana $183,750
Previous Owner Helms Svetlana $183,750
Previous Owner Swayze Robert $136,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $245,000 -3.9% $139 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $255,000 -- $145 / 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
2025 $3,077 $322,310 $63,738 $258,572
2023 $3,140 $299,859 $63,738 $236,121
2022 $2,464 $220,925 $50,990 $169,935
2021 $2,597 $220,925 $50,990 $169,935
2020 $1,736 $234,096 $42,539 $191,557
2019 $1,374 $152,819 $29,337 $123,482
2018 $1,489 $132,239 $29,337 $102,902
2017 $1,469 $108,492 $29,337 $79,155
2016 $1,376 $108,492 $29,337 $79,155
2014 -- $111,967 $29,337 $82,630
2013 -- $109,682 $29,337 $80,345
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1526234

Northwest Multiple Listing Service (NWMLS)

APN: 043000100501