Listed by RE/MAX Parkside Affiliates, Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

1438 Fones Rd SE Olympia, WA 98501

Estimated Value: $602,522 - $669,000

4 Beds
3 Baths
2,383 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 19, 2018

Last sale price $1,200,000 $504 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $4,012/month

3 Days on Market

Highlights

  • Territorial View
  • Cul-De-Sac
  • 1-Story Property
  • Wood Flooring
  • Partially Fenced Property

About This Home

As of December 2018

9 TOTAL MULTI-FAMILY UNITS
3 Duplexes, 3 homes on private cul-de-sac.
Tax ID's: 11819140300, 302-306.
See P&L's.

Last Agent to Sell the Property

Tom Schrader

RE/MAX Parkside Affiliates License #118109 Listed on: 10/02/2018

RE/MAX Parkside Affiliates

Co-Listed By

Jim Simmons

RE/MAX Parkside Affiliates License #51227

Last Buyer's Agent

Tommy Lowe

Olympic Sotheby's Int'l Realty License #97082

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1370281

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,593

Year Built

  • Built in 1955

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,383 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 1 Parking Space
  • 4 Covered Spaces
  • Open Parking

Schools

  • Pleasant Glade Elementary School
  • Chinook Mid Middle School
  • North Thurston High School

Utilities

  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11819140300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,593

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1955
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2383
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 342

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olynmpia
  • WaterSewerGarbage: 1

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: North Thurston
  • High School: North Thurston High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 11819140300
  • Lot Size Acres: 0.36
  • Lot Size: Varies
  • Lot Size Sq Ft: 15681
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Thurston GeoData
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1
  • LeasedItems: None
  • TotalMonthlyIncome: 5874

Multi Family

  • Gross Scheduled Income: 1
  • Net Operating Income: 1
  • Number Of Units Total: 6
  • Electric Expense: 1
  • Insurance Expense: 1
  • Leasable Area: 2383
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2018
  • Tax Annual Amount: 1

MLS Schools

  • Elementary School: Pleasant Glade Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
Yasmeen Mizna
Bought by
Mohammed Abdul Sajid
Current Estimated Value
$647,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2025
Sold by
Harvard Apartment Investments Llc
Bought by
Mohammed Abdul Sajid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2022
Sold by
Harvard Apartments Llc
Bought by
City Of Olympia

Purchase Details

Listed on
Oct 2, 2018
Closed on
Nov 28, 2018
Sold by
Holert Donald C and Holert Donald Carl
Bought by
Delphi Pines Llc
Seller's Agent
Tom Schrader
RE/MAX Parkside Affiliates
Buyer's Agent
Tommy Lowe
Olympic Sotheby's Int'l Realty
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.87%

Purchase Details

Closed on
Apr 21, 1998
Sold by
Holert Nancy L
Bought by
Holert Donald Carl
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mohammed Abdul Sajid -- Wfg National Title
Mohammed Abdul Sajid $600,000 Wfg National Title
City Of Olympia -- --
Delphi Pines Llc $1,200,000 Stewart Title Co
Holert Donald Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mohammed Abdul Sajid $450,000
Closed Delphi Pines Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2018 12/19/18 Sold $1,200,000 0.0% $504 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $1,200,000 -- $504 / 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 $5,593 $622,300 $271,600 $350,700
2023 $5,593 $579,600 $207,100 $372,500
2022 $5,743 $550,500 $222,100 $328,400
2021 $5,372 $476,200 $207,100 $269,100
2020 $5,049 $416,500 $109,200 $307,300
2019 $3,861 $401,800 $180,900 $220,900
2018 $4,062 $292,500 $104,600 $187,900
2017 $3,368 $262,500 $98,400 $164,100
2016 $2,440 $222,850 $77,250 $145,600
2014 -- $192,150 $81,550 $110,600
Source: Public Records

Agents Affiliated with this Home

  • Tom Schrader

    Seller's Agent in 2018

    Tom Schrader

    RE/MAX

    (360) 480-9387

    60 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jim Simmons

    RE/MAX

    Section Image
  • Tommy Lowe

    Buyer's Agent in 2018

    Tommy Lowe

    Olympic Sotheby's Int'l Realty

    (360) 792-3854

    120 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1370281

Northwest Multiple Listing Service (NWMLS)

APN: 11819140300

Washington Thurston County Olympia 98501

1438 Fones Rd SE, Olympia, WA

This home is located at 1438 Fones Rd SE, Olympia, WA 98501 since 02 October 2018 and is currently estimated at $627,881, approximately $263 per square foot. This property was built in 1955. 1438 Fones Rd SE is a home located in Thurston County with nearby schools including Pleasant Glade Elementary School, Chinook Middle School, and North Thurston 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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