NOT LISTED FOR SALE

2221 Cypress Place SE Olympia, WA 98501

Cain Road Neighborhood

Estimated Value: $627,265 - $694,000

4 Beds
3 Baths
2,262 Sq Ft
$289/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $576,250 $255 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,103/month

4 Days on Market

Highlights

  • Second Kitchen
  • Deck
  • 2 Fireplaces
  • Pioneer Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of June 2022

Lovely split-level home with large yard on dead end cul de sac with no HOA's. Home offers 3 beds and 2 full bath upstairs plus 1 bed, living room and updated 3/4 bath and kitchen downstairs. Fireplaces and W/D hookups on both levels - so live in the top and rent out the bottom? Deck off dining room leads down to the beautiful backyard which has a detached unfinished 800 sq ft shop that also has power/plumbing.

Last Agent to Sell the Property

Dawn Baker

Keller Williams South Sound License #125191 Listed on: 05/13/2022

Keller Williams South Sound

Last Buyer's Agent

Trina Walpole

Fay Ranches-Washington License #127207

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1933679

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,697

Year Built

  • Built in 1965

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot
  • Garden
  • Property is in good condition

Parking

  • 2 Car Detached Garage

Home Design

  • Split Foyer
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,262 Sq Ft Home
  • Multi-Level Property
  • 2 Fireplaces
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Second Kitchen
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55550000300

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,697

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 14 - Split Entry
  • Year Built: 1965
  • Inclusions: Dishwasher,Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 2262
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 1,092

Interior Features

  • Fireplaces: 2
  • Basement: Daylight
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Split
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet, Second Kitchen, Bath Off Primary, Double Pane/Storm Window, Water Heater
  • Living Area: 2262
  • Bathrooms: 2.75
  • BathsFullMain: 0
  • SquareFootageFinished: 2262
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Microwave,Refrigerator,Stove/Range
  • FireplacesLower: 1
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected, Wood
  • HeatingCoolingType: Forced Air,High Efficiency (Unspecified),Insert
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterHeaterLocation: downstairs closet
  • WaterHeaterType: Natural gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 55550000300
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.3553
  • Lot Size Sq Ft: 15475
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Patio,Shop
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Efficiency: High Efficiency (Unspecified)
  • Power Production Type: Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4697

Multi Family

  • EnergySource: Natural Gas,Wood

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Feb 26, 2020
Sold by
Austin Melinda
Bought by
Austin Stephen and Austin Meredith
Seller's Agent
Betty Bailey
Group 7 Inc., Real Estate Serv
Buyer's Agent
Alex Gardner
Van Dorm Realty, Inc
List Price
$369,000
Sold Price
$401,000
Premium/Discount to List
$32,000
8.67%
Total Days on Market
4
Current Estimated Value
$654,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,316
Avg. Annual Appreciation
9.64%
Original Mortgage
$200,000
Outstanding Balance
$177,942
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$476,374

Purchase Details

Listed on
Jan 22, 2020
Closed on
Feb 10, 2020
Sold by
Sharrett Alice M
Bought by
Austin Melinda
Seller's Agent
Betty Bailey
Group 7 Inc., Real Estate Serv
Buyer's Agent
Alex Gardner
Van Dorm Realty, Inc
List Price
$369,000
Sold Price
$401,000
Premium/Discount to List
$32,000
8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$177,942
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$476,374

Purchase Details

Listed on
Jan 22, 2020
Closed on
Feb 4, 2020
Sold by
Hassan Yassan A
Bought by
Austin Melinda
Seller's Agent
Betty Bailey
Group 7 Inc., Real Estate Serv
Buyer's Agent
Alex Gardner
Van Dorm Realty, Inc
List Price
$369,000
Sold Price
$401,000
Premium/Discount to List
$32,000
8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$177,942
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$476,374

Purchase Details

Closed on
Sep 1, 2017
Sold by
Sharrett Alice M
Bought by
Sharrett George B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,300
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2011
Sold by
Fannie Mae
Bought by
Sharrett George B and Sharrett Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,456
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2010
Sold by
Gubbe Kyle
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 30, 2004
Sold by
Gubbe Angela
Bought by
Gubbe Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2002
Sold by
Fenton Dennis P and Fenton Doris M
Bought by
Gubbe Kyle and Gubbe Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.5%
Source: Public Records

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Range of Values:

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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
Austin Stephen $200,000 Thurston County Title Co
Austin Melinda $401,000 Thurston County Title Co
Austin Melinda -- Thurston County Title Co
Sharrett George B -- Chicago Title Company
Sharrett George B $214,320 Chicago Title Company
Federal National Mortgage Association $261,964 First American Title
Gubbe Kyle -- Stewart Title Of Western
Gubbe Kyle $137,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Stephen $200,000
Previous Owner Sharrett George B $226,300
Previous Owner Sharrett Geroge B $10,000
Previous Owner Sharrett George B $170,500
Previous Owner Sharrett George B $171,456
Previous Owner Gubbe Kyle $253,000
Previous Owner Gubbe Kyle $227,000
Previous Owner Gubbe Kyle $113,200
Previous Owner Gubbe Kyle $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $576,250 -0.6% $255 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $580,000 +44.6% $256 / Sq Ft
02/11/2020 02/11/20 Sold $401,000 +8.7% $177 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $369,000 -- $163 / 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 $5,158 $486,000 $182,500 $303,500
2023 $5,158 $493,100 $164,300 $328,800
2022 $4,697 $474,300 $133,200 $341,100
2021 $4,342 $393,000 $118,200 $274,800
2020 $4,180 $336,200 $124,900 $211,300
2019 $3,734 $315,700 $109,000 $206,700
2018 $3,613 $268,200 $92,700 $175,500
2017 $3,403 $272,250 $85,350 $186,900
2016 $3,229 $249,100 $81,000 $168,100
2014 -- $258,150 $79,850 $178,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1933679

Northwest Multiple Listing Service (NWMLS)

APN: 55550000300