Listed by Paragon Real Estate Advisors, Bought with John L. Scott Lacey
NOT LISTED FOR SALE

2212 9th Ave SW Olympia, WA 98502

South Westside Neighborhood

Estimated Value: $591,000 - $2,536,342

4 Beds
2 Baths
9,600 Sq Ft
$185/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $2,175,000 $227 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $11,218/month

11 Days on Market

Highlights

  • 1.13 Acre Lot
  • Engineered Wood Flooring
  • 1-Story Property
  • Thurgood Marshall Middle School Rated A-

About This Home

As of July 2021

This is an exciting value-add opportunity, located on a quiet, private drive-in west Olympia. This property is comprised of six separate duplexes, with 12 - 800 square foot 2bd/1bth apartment units. The duplexes also feature fenced-in patios and yards. This property is in a centralized location, near Capital Mall with numerous restaurants and parks surrounding the complex. It is also a short drive to the Washington State Capitol Building or South Puget Sound Community College.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 04/30/2021

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Randy Rajala

John L. Scott Lacey License #24480

John L. Scott Lacey

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1766428

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,255

Year Built

  • Built in 1973

Lot Details

  • 1.13 Acre Lot

Parking

  • 12 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 9,600 Sq Ft Home
  • 1-Story Property

Flooring

  • Engineered Wood
  • Ceramic Tile

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12816440100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,255

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 9600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Interior Amenities: Ceramic Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: See Remarks
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 15342

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12816440100
  • Lot Size Acres: 1.13
  • Lot Size Sq Ft: 49223
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 12805

Multi Family

  • Gross Scheduled Income: 153660
  • Net Operating Income: 90993
  • Number Of Units Total: 12
  • Insurance Expense: 4045
  • Leasable Area: 9600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 11255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 28, 2021
Sold by
Zettel Travis W and Zettel Chantel A
Bought by
Miller Munroe Properties Llc
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Randy Rajala
John L. Scott Lacey
List Price
$1,999,950
Sold Price
$2,175,000
Premium/Discount to List
$175,050
8.75%
Current Estimated Value
$1,778,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$396,886
Avg. Annual Appreciation
-5.22%
Original Mortgage
$1,522,500
Outstanding Balance
$1,399,273
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$349,450

Purchase Details

Listed on
Sep 20, 2011
Closed on
Mar 10, 2012
Sold by
Larson Eric H and Larson Patricia M
Bought by
Zettel Travis W and Zettel Chantel A
Seller's Agent
Missy Watts
Olympic Sotheby's Int'l Realty
List Price
$950,000
Sold Price
$800,000
Premium/Discount to List
-$150,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$600,000
Interest Rate
3.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2001
Sold by
Henderson Peta Murray
Bought by
Henderson Peta Murray and Revocable Living Trust Peta Murray Hende
Source: Public Records

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 Buyer Sale Price Title Company
Miller Munroe Properties Llc $2,175,000 Chicago Title Insurance Co
Zettel Travis W $800,000 Thurston County Title
Henderson Peta Murray -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Munroe Properties Llc $1,522,500
Closed Miller Munroe Properteis Llc $1,522,500
Previous Owner Zattel Travis W $930,000
Previous Owner Zettel Travis W $700,000
Previous Owner Zettel Travis W $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $2,175,000 +8.8% $227 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $1,999,950 +150.0% $208 / Sq Ft
03/15/2012 03/15/12 Sold $800,000 -15.8% $500 / Sq Ft
01/06/2012 01/06/12 Pending -- -- --
09/21/2011 09/21/11 For Sale $950,000 -- $594 / 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 $18,363 $1,775,000 $306,100 $1,468,900
2023 $18,363 $1,757,900 $188,800 $1,569,100
2022 $14,086 $1,344,200 $108,400 $1,235,800
2021 $11,566 $1,180,300 $345,400 $834,900
2020 $13,604 $896,800 $260,000 $636,800
2019 $10,636 $1,029,200 $458,700 $570,500
2018 $14,986 $1,113,400 $545,200 $568,200
2017 $12,705 $1,018,500 $399,400 $619,100
2016 $9,530 $841,350 $330,950 $510,400
2014 -- $763,150 $327,450 $435,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Urquhart

    Seller's Agent in 2021

    Michael Urquhart

    Paragon Real Estate Advisors

    (206) 812-9123

    1 in this area

    88 Total Sales

    Michael Urquhart
    Section Image
  • Brian Platt

    Seller Co-Listing Agent in 2021

    Brian Platt

    Paragon Real Estate Advisors

    (206) 812-9130

    1 in this area

    56 Total Sales

    Brian Platt
    Section Image
  • Randy Rajala

    Buyer's Agent in 2021

    Randy Rajala

    John L. Scott

    (360) 561-8753

    1 in this area

    12 Total Sales

    Randy Rajala
    Section Image
  • Missy Watts

    Seller's Agent in 2012

    Missy Watts

    Olympic Sotheby's Int'l Realty

    (360) 280-0509

    9 in this area

    186 Total Sales

    Missy Watts
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1766428

Northwest Multiple Listing Service (NWMLS)

APN: 12816440100

Washington Thurston County Olympia 98502 South Westside

2212 9th Ave SW, Olympia, WA

This home is located at 2212 9th Ave SW, Olympia, WA 98502 since 30 April 2021 and is currently estimated at $1,778,114, approximately $185 per square foot. This property was built in 1973. 2212 9th Ave SW is a home located in Thurston County with nearby schools including Julia Butler Hansen Elementary School, Thurgood Marshall Middle School, and Capital High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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