NOT LISTED FOR SALE

Estimated Value: $460,150 - $622,000

4 Beds
2 Baths
1,862 Sq Ft
$304/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $229,000 $123 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $3,669/month

3 Days on Market

Highlights

  • Cul-De-Sac
  • Patio
  • Wood Siding
  • Thurgood Marshall Middle School Rated A-
  • Partially Fenced Property
  • 5-minute walk to Decatur Woods Park

About This Home

As of June 2016

Prime location just off Black Lake Blvd & 9th Ave across from Capital Mall & Bank of America. 2 Beds 1 Bath each with 1 car garage. This Duplex in Normandy Park is a great investment, always rented, great property for owner occupied. Needs some TLC inside, carpet, Paint & Windows. Large lot on sewer and city water. Great rental history, current rents $850.00 per month each side. Tenants pay Water, Sewer & Garbage, owners pay $96.00 a month for lawn care. " AS IS " condition.

Last Listed By

The Bennett Team

RE/MAX Parkside Affiliates License #2733 Listed on: 05/10/2016

RE/MAX Parkside Affiliates

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 940478

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,393

Year Built

  • Built in 1977

Lot Details

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

HOA Fees

  • $96 Monthly HOA Fees

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,862 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Schools

  • Juliabutlerhansen Elementary School
  • Thurgoodmarshallmi Middle School
  • Capital High School

Community Details

  • Normandy Park Condos
  • Westside Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 65240000600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,393

Year Built

Built in 1977

Lot Details

0

HOA Fees

$96 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Normandy Park
  • New Construction: No
  • CalculatedSquareFootage: 1862
  • Special Features: None
  • Cumulative Days on Market: 266

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 1152
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: ThurgoodMarshallMi

Lot Info

  • Parcel Number: 65240000600
  • Lot Size Acres: 0.3184
  • Lot Size Sq Ft: 13869
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Owner
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 1700

Multi Family

  • Gross Scheduled Income: 20400
  • Net Operating Income: 16255
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1862
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2393

MLS Schools

  • Elementary School: JuliaButlerHansen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2016
Closed on
Jun 20, 2016
Sold by
Pope Byron
Bought by
Harting Eric S and Harting Angela M
Seller's Agent
The Bennett Team
RE/MAX Parkside Affiliates
Buyer's Agent
Jami Downing
Abbey Realty Inc
List Price
$219,000
Sold Price
$229,000
Premium/Discount to List
$10,000
4.57%
Total Days on Market
3
Current Estimated Value
$565,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,288
Avg. Annual Appreciation
10.66%
Original Mortgage
$171,750
Outstanding Balance
$82,823
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$482,465

Purchase Details

Closed on
Mar 15, 2011
Sold by
Pope Leeroy
Bought by
Pope Byron

Purchase Details

Closed on
Jan 14, 2002
Sold by
Pope Mildred
Bought by
Pope Mildred and Mildred Pope 2000 Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.57%

Purchase Details

Closed on
Dec 12, 2001
Sold by
Normandy Park Llc
Bought by
Pope Mildred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.57%

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
Harting Eric S $228,719 Stewart Title
Pope Byron -- None Available
Pope Mildred -- Chicago Title Insurance Comp
Pope Mildred L $141,900 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harting Eric S $171,750
Previous Owner Pope Mildred L $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $229,000 +4.6% $123 / Sq Ft
05/14/2016 05/14/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $219,000 -- $118 / 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 $4,907 $505,300 $271,600 $233,700
2023 $4,907 $469,100 $207,800 $261,300
2022 $4,303 $451,800 $215,700 $236,100
2021 $4,143 $360,000 $168,000 $192,000
2020 $4,132 $320,800 $106,700 $214,100
2019 $4,253 $312,100 $161,800 $150,300
2018 $3,150 $233,800 $107,200 $126,600
2017 $3,141 $251,250 $101,650 $149,600
2016 $2,394 $202,400 $75,400 $127,000
2014 -- $191,200 $84,600 $106,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 940478

Northwest Multiple Listing Service (NWMLS)

APN: 65240000600