NOT LISTED FOR SALE

1301 Horne St NE Unit 1&2 Olympia, WA 98516

Tanglewilde Neighborhood

Estimated Value: $645,000 - $755,000

6 Beds
2 Baths
3,120 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $606,000 $194 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,271/month

3 Days on Market

Highlights

  • No HOA
  • Patio
  • Partially Fenced Property
  • Thermal Windows
  • High Speed Internet
  • Wood Siding

About This Home

As of March 2023

Investor Alert - Turnkey Opportunity!! Well maintained and cash flowing Duplex. Located in the Heart of all that Hawks Prairie has to offer, minutes from local restaurants, Costco, and HD. Easy commute to both JBLM and Olympia downtown. One of the largest duplexes in the area, each unit features 3 bedrooms 1.5 baths with a washer and dryer in the unit. The large 4 car garage provides 2 covered and private parking spaces with extra storage for each unit. Very high occupancy rate and fully rented with immediate upside to current market rents of $2,300+

Last Agent to Sell the Property

Laura Lynn

COMPASS License #24070 Listed on: 02/24/2023

COMPASS

Last Buyer's Agent

Rizwan Awan

Theory Real Estate License #27407

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2038435

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,373

Year Built

  • Built in 1971

Lot Details

  • 9,364 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Olympic View Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Utilities

  • Radiant Heating System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Hawks Prairie Subdivision

Listing and Financial Details

  • Assessor Parcel Number 79550000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,373

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: 3120
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 288

Interior Features

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

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 79550000100
  • Lot Size Acres: 0.215
  • Lot Size Sq Ft: 9364
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3490

Multi Family

  • Gross Scheduled Income: 41880
  • Net Operating Income: 40624
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 3120
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4373

MLS Schools

  • Elementary School: Olympic View Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2023
Sold by
Khan Madiha Kamran
Bought by
Horne Home Llc
Total Days on Market
3
Current Estimated Value
$680,267

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 22, 2023
Sold by
Evans Jeremie S and Evans Rayanna L
Bought by
Khan Madiha Kamran
Seller's Agent
Laura Lynn
COMPASS
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$579,900
Sold Price
$606,000
Premium/Discount to List
$26,100
4.5%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$454,500
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 16, 2023
Sold by
First Security Bank
Bought by
Evans Charles P
Seller's Agent
Laura Lynn
COMPASS
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$579,900
Sold Price
$606,000
Premium/Discount to List
$26,100
4.5%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,500
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2007
Sold by
Evans Charles F
Bought by
Evans Charles F and Evans Susan D
Source: Public Records

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Range of Values:

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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
Horne Home Llc -- None Listed On Document
Khan Madiha Kamran $606,000 Chicago Title
Evans Charles P -- Chicago Title
Evans Charles F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khan Madiha Kamran $454,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $606,000 +4.5% $194 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $579,900 -- $186 / 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 $5,650 $599,000 $242,500 $356,500
2023 $5,650 $569,900 $205,700 $364,200
2022 $4,373 $474,300 $172,800 $301,500
2021 $4,591 $358,000 $109,200 $248,800
2020 $3,930 $351,700 $82,700 $269,000
2019 $3,489 $307,800 $90,500 $217,300
2018 $3,926 $275,200 $82,300 $192,900
2017 $3,128 $226,650 $38,350 $188,300
2016 $2,363 $212,650 $47,650 $165,000
2014 -- $165,650 $47,650 $118,000
Source: Public Records

Agents Affiliated with this Home

  • Laura Lynn

    Seller's Agent in 2023

    Laura Lynn

    Avenue Properties

    (425) 647-0550

    1 in this area

    300 Total Sales

    Laura Lynn
    Section Image
  • Rizwan Awan

    Buyer's Agent in 2023

    Rizwan Awan

    Theory Real Estate

    (206) 334-8540

    2 in this area

    85 Total Sales

    Rizwan Awan
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2038435

Northwest Multiple Listing Service (NWMLS)

APN: 79550000100

Washington Thurston County Olympia 98516 Tanglewilde

1301 Horne St NE Unit 1&2, Olympia, WA

This home is located at 1301 Horne St NE Unit 1&2, Olympia, WA 98516 since 24 February 2023 and is currently estimated at $680,267, approximately $218 per square foot. This property was built in 1971. 1301 Horne St NE Unit 1&2 is a home located in Thurston County with nearby schools including Olympic View Elementary School, Nisqually Middle School, and River Ridge 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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