Listed by Van Dorm Realty, Inc, Bought with RE/MAX Connect
NOT LISTED FOR SALE

Estimated Value: $662,000 - $702,000

4 Beds
2 Baths
2,194 Sq Ft
$309/Sq Ft Est. Value

Last Sold June 09, 2015

Last sale price $200,000 $91 Per Sq Ft

Est. 236% increase in value since last sale

Current estimated payment $4,222/month

303 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 5-minute walk to Korean War Memorial
  • Lincoln Elementary School Rated A-

About This Home

As of June 2015

Location, location with potential! 1904 duplex in Olympia's historic South Capitol neighborhood. 2-story with basement is currently being used as income property, but has potential to be altered back to single family residence. There is plenty of sweat-equity available with a little vision and planning. 2194 SF, 4 BR, 2 BA with unfinished basement, off street parking and alley access. Home has high ceilings, built-ins, architectural detailed molding and hardwood floors. Great opportunity.

Last Agent to Sell the Property

Thomas Arndt

Van Dorm Realty, Inc License #73700 Listed on: 07/08/2014

Van Dorm Realty, Inc

Last Buyer's Agent

Lisa Lageschulte

RE/MAX Connect License #41542

RE/MAX Connect

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 663734

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1904

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,194 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Schools

  • Lincolnelem Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Capital Campus Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60500100900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,907

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1904
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2194
  • Special Features: None
  • Cumulative Days on Market: 589

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 2100

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 60500100900
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Assessor's Data
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 1800

Multi Family

  • Gross Scheduled Income: 21600
  • Net Operating Income: 21600
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2194
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 1907

MLS Schools

  • Elementary School: LincolnElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2014
Closed on
Jun 8, 2015
Sold by
Walsh Megan M
Bought by
Chun Michael S and Chun Clara A
Seller's Agent
Thomas Arndt
Van Dorm Realty, Inc
Buyer's Agent
Lisa Lageschulte
RE/MAX Connect
List Price
$259,900
Sold Price
$200,000
Premium/Discount to List
-$59,900
-23.05%
Total Days on Market
303
Current Estimated Value
$673,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,000
Avg. Annual Appreciation
12.81%
Original Mortgage
$290,000
Interest Rate
4.05%
Mortgage Type
New Conventional
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
Chun Michael S $199,719 Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chun Michael S $265,000
Closed Chun Michael S $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2015 06/09/15 Sold $200,000 -23.0% $91 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
07/08/2014 07/08/14 For Sale $259,900 -- $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 $6,448 $656,400 $271,600 $384,800
2023 $6,448 $616,700 $206,800 $409,900
2022 $5,408 $598,500 $231,800 $366,700
2021 $5,463 $452,700 $155,100 $297,600
2020 $5,051 $423,200 $131,800 $291,400
2019 $4,312 $381,700 $170,100 $211,600
2018 $4,579 $340,000 $146,700 $193,300
2017 $3,225 $257,950 $80,850 $177,100
2016 -- $176,150 $119,350 $56,800
2014 -- $150,350 $125,950 $24,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 663734

Northwest Multiple Listing Service (NWMLS)

APN: 60500100900