Seller's Agent in 2022
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
(360) 701-5278
3 in this area
219 Total Sales
Listed by Virgil Adams Real Estate, Inc., Bought with Urban Commercial Partners, LLC
1204 Chestnut St SE Olympia, WA 98501
Downtown Olympia NeighborhoodEstimated Value: $544,000 - $579,899
4
Beds
2
Baths
1,176
Sq Ft
$480/Sq Ft
Est. Value
Highlights
- No HOA
- Vinyl Plank Flooring
- Property is in very good condition
- Lincoln Elementary School Rated A-
- High Speed Internet
- Wood Siding
About This Home
As of January 2022Top of the class duplex located just up from downtown Olympia and minutes from the Capitol. Each unit is 2 BR 1 BA. Both units completely renovated in 2018. Updates include, interior and exterior paint, LVP flooring throughout, white painted doors and molding, kitchen cabinets, appliances and complete bathroom remodel. Each side has an oversized 1-car garage, with washer and dryer and lots of room for storage. Tenants pay all utilities. Landlord pays for landscaping. Amazing 6.8% cap rate. Always had very low turnover rate.
Last Agent to Sell the Property
Virgil Adams Real Estate, Inc. License #47964 Listed on: 11/25/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1867614
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,211
Year Built
- Built in 1945
Lot Details
- 5,537 Sq Ft Lot
- Property is in very good condition
Home Design
- Duplex
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 1,176 Sq Ft Home
- 2-Story Property
- Vinyl Plank Flooring
Parking
- 6 Parking Spaces
- 2 Covered Spaces
- Open Parking
Schools
- Lincolnelem Elementary School
- Wash Mid Middle School
- Capital High School
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Olympia Subdivision
Listing and Financial Details
- Assessor Parcel Number 69400100500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 25, 2021
Closed on
Jan 12, 2022
Sold by
Peterson Jonathan W and Peterson Cheri A
Bought by
Heddes Mattheus C and Devaney Dorothy
Seller's Agent
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
Buyer's Agent
Jason Elrod
Urban Commercial Partners, LLC
List Price
$495,000
Sold Price
$521,000
Premium/Discount to List
$26,000
5.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,975
Avg. Annual Appreciation
1.99%
Original Mortgage
$375,000
Outstanding Balance
$346,799
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$213,296
Purchase Details
Closed on
Jul 19, 2018
Sold by
David S Rufener
Bought by
Peterson Jonathan and Peterson Cheri
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 01/18/2022 01/18/22 | Sold | $521,000 | +5.3% | $443 / Sq Ft |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 11/25/2021 11/25/21 | For Sale | $495,000 | -- | $421 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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
-
Paul Oczkewicz
-
Jason Elrod
Buyer's Agent in 2022
Jason Elrod
Urban Commercial Partners, LLC
(360) 584-5752
1 in this area
3 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1867614
APN: 69400100500
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Based on information submitted to the MLS GRID
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