Listed by Urban Management Company LLC, Bought with RE/MAX Parkside Affiliates
$281,000
SOLD APR 3, 2017
-- Bed
-- Bath
1,848 Sq Ft
0.32 Acres

Recently Sold

$152 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Cul-De-Sac
  • Patio
  • Wall to Wall Carpet
  • Thurgood Marshall Middle School Rated A-
  • Mini Split Air Conditioners
  • 1-Story Property

About This Home

As of November 2019

Incredible investment opportunity. Single Story, Culdesac location, pride of ownership in HOA, inspection of interior subject to approved offer. All units occupied. 1 side has a ductless heat pump, 1 side occupied since 2007.

Last Agent to Sell the Property

Teri Haglund

Urban Management Company LLC License #24621

Last Buyer's Agent

Michelle Sparks

RE/MAX Parkside Affiliates License #23690

RE/MAX Parkside Affiliates

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1073289

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,422

Year Built

  • Built in 1977

Lot Details

  • 0.32 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

HOA Fees

  • $97 Monthly HOA Fees

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Patio
  • Mini Split Air Conditioners

Community Details

  • Normandy Park Condos
  • Olympia Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 65240002400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,422

Year Built

Built in 1977

Lot Details

0

HOA Fees

$97 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: 1848
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 270

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 1784

Condo/Co-op/Association

  • Association Fee: 1158
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 65240002400
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 24

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1830

Multi Family

  • Gross Scheduled Income: 21960
  • Net Operating Income: 14184
  • Number Of Units Total: 2
  • Insurance Expense: 655
  • Leasable Area: 1848
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2020
Sold by
Stormans Gregory D and Stormans Cristina L
Bought by
Cjcg Investments Llc
Total Days on Market
3
Current Estimated Value
$613,895

Purchase Details

Listed on
Oct 8, 2019
Closed on
Nov 7, 2019
Sold by
Vigil Kathryn and Vigil Adam
Bought by
Stormans Gregory and Stormans Cristina
Seller's Agent
Michelle Sparks
RE/MAX Parkside Affiliates
Buyer's Agent
John Stormans
Olympic Sotheby's Int'l Realty
List Price
$365,000
Sold Price
$367,500
Premium/Discount to List
$2,500
0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$245,625
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2017
Closed on
Apr 8, 2017
Sold by
Murillo Katherine A
Bought by
Energy Living Properties Llc
Seller's Agent
Teri Haglund
Urban Management Company LLC
Buyer's Agent
Michelle Sparks
RE/MAX Parkside Affiliates
List Price
$285,000
Sold Price
$281,000
Premium/Discount to List
-$4,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$224,800
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 21, 2017
Sold by
Energy Living Properties Llc
Bought by
Dobkins Kathryn and Vigil Adam J
Seller's Agent
Teri Haglund
Urban Management Company LLC
Buyer's Agent
Michelle Sparks
RE/MAX Parkside Affiliates
List Price
$285,000
Sold Price
$281,000
Premium/Discount to List
-$4,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 8, 2017
Sold by
Murillo Katherine A and Taber Katherine Anne
Bought by
Energy Living Properties Llc
Seller's Agent
Teri Haglund
Urban Management Company LLC
Buyer's Agent
Michelle Sparks
RE/MAX Parkside Affiliates
List Price
$285,000
Sold Price
$281,000
Premium/Discount to List
-$4,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2013
Sold by
Taber Katherine A
Bought by
Energy Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 25, 2001
Sold by
Normandy Park Llc
Bought by
Taber Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,700
Interest Rate
6.84%

Map

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 Type Sale Price Title Company
Deed -- None Available
Warranty Deed $367,781 Thurston County Title Co
Warranty Deed -- None Available
Warranty Deed $280,719 Thurston County Title Co
Warranty Deed -- Thurston County Title Co
Contract Of Sale $660,000 Thurston County Title
Warranty Deed $141,900 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $249,000 New Conventional
Previous Owner $245,625 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $224,800 New Conventional
Previous Owner $460,000 Seller Take Back
Previous Owner $88,080 Unknown
Previous Owner $89,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $367,500 +0.7% $199 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $365,000 +29.9% $198 / Sq Ft
04/03/2017 04/03/17 Sold $281,000 -1.4% $152 / Sq Ft
02/05/2017 02/05/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $285,000 -- $154 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,844 $500,000 $271,600 $228,400
2023 $4,844 $463,000 $207,700 $255,300
2022 $4,247 $445,900 $215,300 $230,600
2021 $4,080 $355,300 $167,700 $187,600
2020 $4,080 $315,900 $106,700 $209,200
2019 $3,451 $308,200 $161,400 $146,800
2018 $3,389 $251,500 $107,100 $144,400
2017 $3,095 $247,550 $101,450 $146,100
2016 $2,365 $199,400 $75,400 $124,000
2014 -- $188,850 $84,650 $104,200
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1073289

Northwest Multiple Listing Service (NWMLS)

APN: 65240002400