Listed by Better Properties N. Proctor, Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE
Studio
-- Bath
5,439 Sq Ft
8,490 Sq Ft Lot

Sale Details

Date Sold: January 5, 2022

Last sale price $1,400,000 $257 Per Sq Ft

21 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Territorial View
  • Corner Lot
  • High Speed Internet

About This Home

As of January 2022

The Beverly Apartment consists of 2 buildings with 10 units (9 one bedroom & 1 two bedroom). Strong rental history with long term tenants. This apartment complex is located in a great area where tenants are very close to neighborhood restaurants, grocery stores, hair salons, a bike shop, yoga studio & more. It's a short walk to the center of the vibrant downtown Olympia area located on Budd Bay! This remarkable location is also close to I-5, hospitals, lovely parks, shopping & main bus lines. Apartment boasts a stable tenant population & is within the Olympia school district. Nearby bus service St. Martins, The Evergreen State College & South Puget Sound Community College. Zoning is HDC-2.

Last Agent to Sell the Property

Valerie Albright

Better Properties N. Proctor License #83734 Listed on: 11/23/2021

Better Properties N. Proctor

Co-Listed By

Erik Robbins

Robbins Commercial Advisors License #22019965

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#: 1862347

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,636

Year Built

  • Built in 1958

Lot Details

  • 8,490 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,439 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Schools

  • Olympia High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55300500400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,636

Year Built

Built in 1958

Lot Details

8,490 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 5439
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: See Remarks, Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
  • HeatingCoolingType: Baseboard
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 55300500400
  • Lot Size Acres: 0.1949
  • Lot Size Sq Ft: 8490
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 8575

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4636

Multi Family

  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 24, 2022
Sold by
Bought by
Seller's Agent
Valerie Albright
Better Properties N. Proctor
Buyer's Agent
Tommy Lowe
Olympic Sotheby's Int'l Realty
List Price
$1,385,000
Sold Price
$1,400,000
Premium/Discount to List
$15,000
1.08%

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 23, 2022
Sold by
Bought by
Seller's Agent
Valerie Albright
Better Properties N. Proctor
Buyer's Agent
Tommy Lowe
Olympic Sotheby's Int'l Realty
List Price
$1,385,000
Sold Price
$1,400,000
Premium/Discount to List
$15,000
1.08%

Purchase Details

Listed on
Nov 23, 2021
Closed on
Dec 31, 2021
Sold by
Bought by
Seller's Agent
Valerie Albright
Better Properties N. Proctor
Buyer's Agent
Tommy Lowe
Olympic Sotheby's Int'l Realty
List Price
$1,385,000
Sold Price
$1,400,000
Premium/Discount to List
$15,000
1.08%

Purchase Details

Listed on
Jun 13, 2012
Closed on
Nov 6, 2012
Sold by
Bought by
Seller's Agent
Cynthia Niles
Abbey Realty Inc
Buyer's Agent
Susan Draper
Wilcox Real Estate
List Price
$499,999
Sold Price
$473,990
Premium/Discount to List
-$26,009
-5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%
Original Mortgage
$280,000
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,327
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- Aegis Land Title Group
$473,989 Chicago Title Company
$280,000 Transnation Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $280,000
Previous Owner $228,327
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2022 01/05/22 Sold $1,400,000 +1.1% $257 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $1,385,000 +192.2% $255 / Sq Ft
11/09/2012 11/09/12 Sold $473,990 -5.2% $86 / Sq Ft View Prior Sale
09/11/2012 09/11/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $499,999 -- $91 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,625 $912,300 $350,000 $562,300
2024 $8,800 $772,100 $138,700 $633,400
2023 $8,800 $842,000 $58,000 $784,000
2022 $4,230 $720,100 $39,000 $681,100
2021 $4,636 $353,900 $74,500 $279,400
2020 $4,750 $359,000 $59,000 $300,000
2019 $4,950 $358,900 $160,000 $198,900
2018 $5,615 $417,000 $221,400 $195,600
2017 $5,430 $434,850 $232,850 $202,000
2016 $4,401 $359,200 $164,100 $195,100
2014 -- $352,100 $164,100 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1862347

Northwest Multiple Listing Service (NWMLS)
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