Listed by eXp Realty, Bought with Keller Williams Downtown Sea
NOT LISTED FOR SALE

1433 Lapush Way NE Unit A & B Olympia, WA 98516

Meadows Neighborhood

Estimated Value: $462,119 - $577,000

4 Beds
2 Baths
1,920 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $425,000 $221 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,088/month

3 Days on Market

Highlights

  • Territorial View
  • Patio
  • Partially Fenced Property
  • Meadows Elementary School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of December 2023

"Investors Special" This duplex is a great opportunity! Great location with easy access to I-5 via exit 114, close to shopping and transit access. Each unit is 2 bedroom, 1 bath with small private backyard. Owner and son currently live in units. Similar units close by currently rent for $1650 per side monthly. With some updating and repairs this property is a great investment for the future. Community park across the street. Situated close to shopping and I-5 access.

Last Agent to Sell the Property

Charolde Wilkins

eXp Realty License #1117 Listed on: 11/10/2023

eXp Realty

Co-Listed By

Ashley Duval

eXp Realty License #115103

Last Buyer's Agent

Elizabeth Blazina

Keller Williams Downtown Sea License #124142

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2179084

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,981

Year Built

  • Built in 1980

Lot Details

  • 9,549 Sq Ft Lot
  • Lot Dimensions are 86' x114'
  • Partially Fenced Property

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Duplex
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Olympic View Elementary School
  • Salish Middle School
  • River Ridge High School

Utilities

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

Community Details

  • Tanglewilde East Condos
  • Hawks Prairie Subdivision

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number 78770010300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,981

Year Built

Built in 1980

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Tanglewilde East
  • New Construction: No
  • CalculatedSquareFootage: 1920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Playground

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Sewer
  • WaterCompany: City of Lacey
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1416

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 25
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 1200

Schools

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

Lot Info

  • Parcel Number: 78770010300
  • Lot Size Acres: 0.2192
  • Lot Size: 86' x114'
  • Lot Size Sq Ft: 9549
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 103

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 10.7
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 28733
  • Number Of Units Total: 2
  • Electric Expense: 2136
  • Insurance Expense: 1834
  • Leasable Area: 1920
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 6

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3981

MLS Schools

  • Elementary School: Olympic View Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Dec 19, 2023
Sold by
Moore Linda L
Bought by
Blazina Lars Mcniel
Seller's Agent
Charolde Wilkins
eXp Realty
Buyer's Agent
Elizabeth Blazina
Keller Williams Downtown Sea
List Price
$425,000
Sold Price
$425,000
Views
13
Current Estimated Value
$505,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,780
Avg. Annual Appreciation
8.89%
Original Mortgage
$10,200
Outstanding Balance
$5,508
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$486,981

Purchase Details

Closed on
Oct 18, 2005
Sold by
Moore Michael S
Bought by
Moore Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 6, 1998
Sold by
Homann Tracy and Homann Cindy L
Bought by
Moore Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,230
Interest Rate
6.95%
Mortgage Type
VA
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
Blazina Lars Mcniel $425,000 Chicago Title
Moore Linda L $185,000 Thurston County Title
Moore Michael S $136,500 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blazina Lars Mcniel $10,200
Open Blazina Lars Mcniel $340,000
Previous Owner Moore Linda L $191,250
Previous Owner Moore Linda L $148,000
Previous Owner Moore Michael S $139,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $425,000 0.0% $221 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $425,000 -- $221 / 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 $4,706 $503,600 $242,500 $261,100
2023 $4,706 $477,100 $203,500 $273,600
2022 $3,576 $398,100 $171,800 $226,300
2021 $3,628 $294,100 $109,400 $184,700
2020 $3,474 $278,600 $82,500 $196,100
2019 $2,868 $274,400 $114,700 $159,700
2018 $3,318 $234,000 $95,500 $138,500
2017 $2,536 $184,050 $47,950 $136,100
2016 $2,280 $186,650 $58,650 $128,000
2014 -- $162,150 $58,650 $103,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2179084

Northwest Multiple Listing Service (NWMLS)

APN: 78770010300