Listed by Coldwell Banker Evergreen, Bought with Real Broker LLC
NOT LISTED FOR SALE

1122 1124 8th Ave SE Olympia, WA 98501

Eastside Neighborhood

Estimated Value: $596,000 - $654,264

4 Beds
2 Baths
1,900 Sq Ft
$325/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $449,000 $236 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,721/month

17 Days on Market

Highlights

  • Wood Siding
  • Reeves Middle School Rated A-
  • 1-Story Property

About This Home

As of July 2020

Very well maintianed duplex in great location close to downtown. Roof and paint new a few years ago. Right side is vacant and would be great for owners with income from other side. Incredible landscaping front and back. Carport could be another living area. Seller is a licensed agent in Washington state and related to listing agent.

Last Agent to Sell the Property

Debbie Draper

Coldwell Banker Evergreen License #10573 Listed on: 06/05/2020

Coldwell Banker Evergreen

Last Buyer's Agent

Kennon Maurer

Real Broker LLC License #133104

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1611530

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,256

Year Built

  • Built in 1971

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 2 Parking Spaces
  • Open Parking

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78206801400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,256

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1900
  • Special Features: None
  • Cumulative Days on Market: 372

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 78206801400
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Geodata
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 25766
  • Number Of Units Total: 2
  • Insurance Expense: 772
  • Leasable Area: 1900
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jul 23, 2020
Sold by
Gilliam Larry L and Gilliam Martha K
Bought by
Maurer Dalton M
Seller's Agent
Debbie Draper
Coldwell Banker Evergreen
Buyer's Agent
Kennon Maurer
Real Broker LLC
List Price
$439,000
Sold Price
$449,000
Premium/Discount to List
$10,000
2.28%
Current Estimated Value
$616,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,816
Avg. Annual Appreciation
6.25%
Original Mortgage
$381,650
Outstanding Balance
$340,537
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$271,438

Purchase Details

Closed on
May 1, 2007
Sold by
Haderlie Gary and Haderlie Sarah
Bought by
Gilliam Larry L and Gilliam Martha K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2004
Sold by
Young Travis T
Bought by
Haderlie Gary and Haderlie Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
5.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2000
Sold by
Keithley Broderick and Keithley Menaul
Bought by
Young Thomas T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,814
Interest Rate
7.89%
Mortgage Type
FHA
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
Maurer Dalton M $449,000 Thurston County Title
Gilliam Larry L $285,000 Thurston County Title
Haderlie Gary $192,000 Transnation Title
Young Thomas T $145,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maurer Dalton M $381,650
Previous Owner Gilliam Larry L $196,600
Previous Owner Gilliam Larry L $216,000
Previous Owner Haderlie Gary $40,000
Previous Owner Haderlie Gary $182,400
Previous Owner Young Thomas T $143,814
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $449,000 +2.3% $236 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $439,000 0.0% $231 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $439,000 -- $231 / 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 $4,401 $515,900 $271,600 $244,300
2023 $4,401 $420,600 $206,800 $213,800
2022 $4,955 $463,600 $240,500 $223,100
2021 $4,262 $414,700 $218,700 $196,000
2020 $4,259 $330,000 $107,800 $222,200
2019 $3,507 $321,700 $163,500 $158,200
2018 $3,460 $256,800 $108,300 $148,500
2017 $3,162 $252,950 $98,050 $154,900
2016 $2,494 $220,300 $109,300 $111,000
2014 -- $199,200 $115,400 $83,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1611530

Northwest Multiple Listing Service (NWMLS)

APN: 78206801400