NOT LISTED FOR SALE

1541 Amethyst St SE Olympia, WA 98501

Estimated Value: $432,000 - $485,000

3 Beds
3 Baths
3,710 Sq Ft
$123/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $630,000 $170 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $2,996/month

14 Days on Market

Highlights

  • Thermal Windows
  • Patio
  • Property is in very good condition
  • Reeves Middle School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of August 2020

Rare investment opportunity. Near new, 1855 square feet per side, 4 bedroom units in the Olympia school district. Main floor features deluxe kitchens which open to family rooms, w/ granite counters, crown moulding, full height backsplash and stainless appliances. Entire main level has hard surface flooring. Upstairs features 3 bedrooms plus a 3rd floor bonus room/4th bedroom. Exterior features nice landscaping with sprinkler system, 2 car garages per side, all in excellent location.

Last Agent to Sell the Property

Brian Dermanoski

Blue Summit Realty LLC License #23411 Listed on: 06/19/2020

Last Buyer's Agent

Kalpana Vijayan

Windermere R.E. Mill Creek License #134975

Windermere R.E. Mill Creek

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1618434

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,341

Year Built

  • Built in 2016

Lot Details

  • 4,376 Sq Ft Lot
  • Property is in very good condition

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 3,710 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Tax Lot 50-51
  • Assessor Parcel Number 727100005100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,341

Year Built

Built in 2016

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2016
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3710
  • Special Features: None
  • Cumulative Days on Market: 291

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 800
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 727100005100
  • Lot Size Acres: 0.1005
  • Lot Size Sq Ft: 4376
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • LotNumber: 50-51

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3850

Multi Family

  • Gross Scheduled Income: 46200
  • Net Operating Income: 37361
  • Number Of Units Total: 2
  • Insurance Expense: 1036
  • Leasable Area: 3710
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7341

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Aug 7, 2020
Sold by
Jka Rentals Llc
Bought by
Vincent Pradeep and Chandrahasan Veena
Seller's Agent
Brian Dermanoski
Blue Summit Realty LLC
Buyer's Agent
Kalpana Vijayan
Windermere R.E. Mill Creek
List Price
$639,950
Sold Price
$630,000
Premium/Discount to List
-$9,950
-1.55%
Total Days on Market
14
Current Estimated Value
$457,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,796
Avg. Annual Appreciation
-6.28%
Original Mortgage
$236,250
Outstanding Balance
$215,462
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$245,025

Purchase Details

Closed on
Aug 31, 2017
Sold by
Afdem Jeffrey A and Afdem Kelly L
Bought by
Jka Rentals Llc

Purchase Details

Closed on
May 25, 2017
Sold by
Jka Rentals Llc
Bought by
Afdem Jeffrey A and Afdem Kelly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,300
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2014
Sold by
Lennar Northwest Inc
Bought by
Jka Rentals Llc

Purchase Details

Closed on
Oct 15, 2012
Sold by
Wagner Development Land Llc
Bought by
Lennar Northwest Inc

Purchase Details

Closed on
Apr 22, 2011
Sold by
Wagner Development Inc
Bought by
Wagner Development Land Llc

Purchase Details

Closed on
Apr 12, 2011
Sold by
Federal Deposit Insurance Corporation
Bought by
Wagner Development Inc

Purchase Details

Closed on
Dec 30, 2009
Sold by
Schuur Bros Inc
Bought by
City Bank
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
Vincent Pradeep $315,000 Stewart Title Thurston
Jka Rentals Llc -- Accommodation
Afdem Jeffrey A -- Chicago Title Company Of Wa
Jka Rentals Llc $137,719 First American Title
Lennar Northwest Inc $260,775 First American Title
Wagner Development Land Llc -- None Available
Wagner Development Inc -- First American Title
City Bank -- Chicago Title Company
City Bank $3,206,997 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vincent Pradeep $236,250
Previous Owner Afdem Jeffrey A $171,300
Previous Owner Jka Rentals Llc $672,460
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2020 08/10/20 Sold $630,000 -1.6% $170 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $639,950 -- $172 / 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 $4,355 $440,600 $57,400 $383,200
2023 $4,355 $416,200 $47,100 $369,100
2022 $4,046 $422,100 $39,000 $383,100
2021 $3,525 $338,500 $31,500 $307,000
2020 $3,615 $272,800 $46,600 $226,200
2019 $3,206 $273,000 $44,700 $228,300
2018 $3,080 $228,600 $32,900 $195,700
2017 $665 $52,600 $32,800 $19,800
2016 $459 $35,450 $35,450 $0
2014 -- $36,100 $36,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1618434

Northwest Multiple Listing Service (NWMLS)

APN: 72710005000