Listed by COMPASS, Bought with Theory Real Estate
NOT LISTED FOR SALE

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

Tanglewilde Neighborhood

Estimated Value: $637,000 - $689,000

6 Beds
2 Baths
3,120 Sq Ft
$211/Sq Ft Est. Value

Last Sold March 31, 2023

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

Est. 9% increase in value since last sale

Current estimated payment $3,937/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

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: Yes
  • Total Parking Spaces: 6

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

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

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4373

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

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
Current Estimated Value
$658,830

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
3.29%
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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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 List to Sale Price per Sq Ft
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2038435

Northwest Multiple Listing Service (NWMLS)

APN: 79550000100