Listed by Real Broker LLC, Bought with Elevate PNW Real Estate
NOT LISTED FOR SALE

1602 Susan Ct SE Olympia, WA 98501

Estimated Value: $518,471 - $546,000

4 Beds
2 Baths
1,750 Sq Ft
$306/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $452,100 $258 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,219/month

3 Days on Market

Highlights

  • Deck
  • Property is in very good condition
  • 1-Story Property
  • Peter G. Schmidt Elementary School Rated A-
  • Partially Fenced Property

About This Home

As of September 2021

This Duplex has always been rented, updated with LVP plank flooring throughout in space #2. Space #1 has Vinyl and carpet. Very well maintained. Rents are below market value. Private and Quiet neighborhood. Tumwater School District Close to businesses and shopping.
Easy freeway access. Close to Pioneer Park and Deschutes River also very close to Munn Lake Boat Launch.
Please use Jennifer Simmons at First AmericanTitle.

Last Agent to Sell the Property

Liz Myers

Real Broker LLC License #97419 Listed on: 08/16/2021

Real Broker LLC

Co-Listed By

Charles Grate

Real Broker LLC License #24984

Last Buyer's Agent

Susie Williams

Elevate PNW Real Estate License #22017205

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1825566

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,466

Year Built

  • Built in 1972

Lot Details

  • 0.35 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 3 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Michael T Simmons El Elementary School
  • Tumwater Mid Middle School
  • Tumwater High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Tumwater Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58390003200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,466

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1750
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Block
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • WaterCompany: WA Water
  • WaterSewerGarbage: 486

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tumwater
  • High School: Tumwater High
  • Middle Or Junior School: Tumwater Mid

Lot Info

  • Parcel Number: 58390003200
  • Lot Size Acres: 0.345
  • Lot Size Sq Ft: 15028
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: tax records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 2069

Multi Family

  • Gross Scheduled Income: 24828
  • Net Operating Income: 19636
  • Number Of Units Total: 2
  • Insurance Expense: 790
  • Leasable Area: 1750
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3466

MLS Schools

  • Elementary School: Michael T Simmons El

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Sep 16, 2021
Sold by
Holm L Lennae
Bought by
Anderson Lukas H and Anderson Mallori W
Seller's Agent
Liz Myers
Real Broker LLC
Buyer's Agent
Susie Williams
Elevate PNW Real Estate
List Price
$450,000
Sold Price
$452,100
Premium/Discount to List
$2,100
0.47%
Current Estimated Value
$535,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,768
Avg. Annual Appreciation
3.96%
Original Mortgage
$443,910
Outstanding Balance
$407,757
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$119,920

Purchase Details

Closed on
Apr 24, 2012
Sold by
Holm L Lennae
Bought by
Holm L Lennae

Purchase Details

Closed on
May 12, 2008
Sold by
Ernest A & Mary R Johnson Living Trust
Bought by
Mary R Johnson Credit Shelter Trust
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
Anderson Lukas H $452,100 First American Title Ins Co
Holm L Lennae -- None Available
Mary R Johnson Credit Shelter Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Lukas H $443,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $452,100 +0.5% $258 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $450,000 -- $257 / 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 $3,846 $449,500 $252,200 $197,300
2023 $3,846 $384,000 $183,800 $200,200
2022 $3,654 $383,200 $198,800 $184,400
2021 $3,467 $310,300 $162,000 $148,300
2020 $3,263 $270,000 $100,100 $169,900
2019 $3,103 $246,400 $138,600 $107,800
2018 $2,996 $232,000 $107,400 $124,600
2017 $2,811 $214,050 $91,550 $122,500
2016 $2,368 $186,750 $74,850 $111,900
2014 -- $165,850 $79,250 $86,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1825566

Northwest Multiple Listing Service (NWMLS)

APN: 58390003200