NOT LISTED FOR SALE

1204 1206 Chestnut St SE Olympia, WA 98501

Downtown Olympia Neighborhood
4 Beds
2 Baths
1,176 Sq Ft
5,537 Sq Ft Lot

Last Sold July 19, 2018

Last sale price $260,000 $221 Per Sq Ft

92 Days on Market

Highlights

  • RV Access or Parking
  • Wood Siding
  • Wall to Wall Carpet
  • Lincoln Elementary School Rated A-

About This Home

As of July 2018

What's the real estate rule? Location, Location, Location! This rarely vacant duplex has a fantastic downtown location near Capital Campus. Both units are currently rented month to month. Tenants pay ALL utilities. Basement area w/single car garage/unit, laundry areas & huge dry storage space/unit. Plenty of rear parking plus area to incorporate yard and/or garden.

Last Agent to Sell the Property

Phil Harlan

Keller Williams South Sound License #2596 Listed on: 04/04/2018

Keller Williams South Sound

Last Buyer's Agent

Paul Oczkewicz

Virgil Adams Real Estate, Inc. License #47964

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1268627

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,935

Year Built

  • Built in 1945

Lot Details

  • 5,537 Sq Ft Lot
  • Lot Dimensions are 50 x 110
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,176 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Lincolnelem Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 69400100500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,935

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1945
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1176
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 325

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

Schools

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

Lot Info

  • Parcel Number: 69400100500
  • Lot Size Acres: 0.1271
  • Lot Size: 50 x 110
  • Lot Size Sq Ft: 5537
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1800

Multi Family

  • Gross Scheduled Income: 21600
  • Net Operating Income: 17985
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1176
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 1935

MLS Schools

  • Elementary School: LincolnElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Peterson Jonathan W and Peterson Cheri A
Bought by
Heddes Mattheus C and Devaney Dorothy
Total Days on Market
92

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$348,874
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2018
Closed on
Jul 19, 2018
Sold by
David S Rufener
Bought by
Peterson Jonathan and Peterson Cheri
Seller's Agent
Phil Harlan
Keller Williams South Sound
Buyer's Agent
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
List Price
$310,000
Sold Price
$260,000
Premium/Discount to List
-$50,000
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.52%

Purchase Details

Closed on
Aug 19, 1998
Sold by
Rufener Sherry A
Bought by
Rufener David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,878
Interest Rate
6.91%

Purchase Details

Closed on
May 1, 1995
Sold by
Parker Evan
Bought by
Rufener David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,526
Interest Rate
8.46%
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
Heddes Mattheus C $520,719 Chicago Title
Peterson Jonathan -- --
Rufener David S -- Thurston County Title Co
Rufener David S $113,000 Thurston County Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heddes Mattheus C $375,000
Previous Owner Peterson Jonathan $260,000
Previous Owner Peterson Jonathan --
Previous Owner Rufener David S $192,000
Previous Owner Rufener David S $109,878
Previous Owner Rufener David S $112,526
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2018 07/19/18 Sold $260,000 -16.1% $221 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $310,000 0.0% $264 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $310,000 0.0% $264 / Sq Ft
05/16/2018 05/16/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $310,000 0.0% $264 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $310,000 -- $264 / 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 $4,447 $511,800 $271,600 $240,200
2023 $4,447 $425,000 $198,000 $227,000
2022 $3,163 $378,000 $175,900 $202,100
2021 $3,210 $264,400 $115,200 $149,200
2020 $3,050 $248,400 $107,200 $141,200
2019 $2,550 $230,200 $128,300 $101,900
2018 $2,700 $200,300 $104,100 $96,200
2017 $1,935 $154,450 $62,250 $92,200
2016 $1,811 $160,750 $94,350 $66,400
2014 -- $144,500 $99,600 $44,900
Source: Public Records

Agents Affiliated with this Home

  • Phil Harlan

    Seller's Agent in 2018

    Phil Harlan

    Keller Williams South Sound

    (360) 701-5688

    211 Total Sales

    Phil Harlan
    Section Image
  • Paul Oczkewicz

    Buyer's Agent in 2018

    Paul Oczkewicz

    Virgil Adams Real Estate, Inc.

    (360) 701-5278

    3 in this area

    223 Total Sales

    Paul Oczkewicz
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1268627

Northwest Multiple Listing Service (NWMLS)

APN: 69400100500

Washington Thurston County Olympia 98501 Downtown Olympia

1204 1206 Chestnut St SE, Olympia, WA

This home is located at 1204 1206 Chestnut St SE, Olympia, WA 98501 since 04 April 2018. This property was built in 1945. 1204 1206 Chestnut St SE is a home located in Thurston County with nearby schools including Lincoln Elementary School, Washington Middle School, and Avanti High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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