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

2723 Scotlac Dr SW Olympia, WA 98512

Estimated Value: $170,000 - $283,000

2 Beds
1 Bath
840 Sq Ft
$269/Sq Ft Est. Value

Last Sold May 28, 2013

Last sale price $47,500 $57 Per Sq Ft

Est. 376% increase in value since last sale

Current estimated payment $1,300/month

27 Days on Market

About This Home

As of May 2013

INVESTOR SPECIAL little cash cow - this 2 BR 1 BA home has a long term tenant who would like to stay. It rents for $775 a month. That is an income of $9300 less insurance & HOA/Water giving a Net operating income of $7141 which at this low price offers a whopping 14.28% Cap Rate! There is a 2 car garage, a heat pump, concrete runners & tie downs, vinyl windows, covered front patio, small out building, & dual sinks in the full bath. Seller put in a new septic system recently.

Last Agent to Sell the Property

Beckie Stephens

RE/MAX Advantage License #1128 Listed on: 04/09/2013

RE/MAX Advantage

Last Buyer's Agent

Joan Connell

Van Dorm Realty, Inc License #21119

Van Dorm Realty, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM470492

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$1,224

Year Built

1975

Lot Details

0

Interior Features

  • Features: Double Pane/Storm Window, Dining Room
  • Floor: Vinyl, Wall to Wall Carpet
  • Water Heater Location: hall-electric

Exterior Features

  • Building Information: Manufactured Home
  • Community Features: CCRs, Clubhouse, Golf Course, Private Beach Access
  • Exterior: Metal/Vinyl
  • Foundation: Tie Down
  • Lot Details: Corner Lot, Paved Street
  • Roof: Metal
  • Site Features: Cable TV, Deck, Outbuildings, Patio, Shop
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Spaces: 2

Utilities

  • Appliances: Dishwasher, Double Oven, Range/Oven, Refrigerator
  • Heating and Cooling: Forced Air, Heat Pump
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: N/A
  • Water Company: Scott Lake
  • Water Source: Community

Condo/Co-op/Association

  • HOA Fees: 42
  • HOA Fee Frequency: Annual

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2013
Closed on
May 21, 2013
Sold by
Mitchell Linda A
Bought by
Mccartney Donald M and Charles Deborah J
Seller's Agent
Beckie Stephens
RE/MAX Advantage
Buyer's Agent
Joan Connell
Van Dorm Realty, Inc
List Price
$47,500
Sold Price
$47,500
Current Estimated Value
$226,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,500

Purchase Details

Closed on
Nov 17, 2002
Sold by
Guttormson Gary L
Bought by
Mitchell W Earl and Mitchell Linda A

Purchase Details

Closed on
Jun 21, 1996
Sold by
Turrell Michael J
Bought by
Guttormson Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,100
Interest Rate
8.09%
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
Mccartney Donald M $47,500 Stewart Title Company
Mitchell W Earl $59,000 Transnation Title Insurance
Guttormson Gary L -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guttormson Gary L $55,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2013 05/28/13 Sold $47,500 0.0% $57 / Sq Ft
05/06/2013 05/06/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $47,500 -- $57 / 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 $1,224 $139,800 $120,300 $19,500
2023 $1,224 $108,100 $87,200 $20,900
2022 $1,022 $110,800 $88,600 $22,200
2021 $1,042 $74,500 $55,700 $18,800
2020 $927 $68,600 $53,900 $14,700
2019 $922 $58,000 $42,300 $15,700
2018 $847 $54,600 $30,900 $23,700
2017 $754 $46,100 $30,000 $16,100
2016 $901 $56,750 $44,650 $12,100
2014 -- $56,850 $44,650 $12,200
Source: Public Records

Agents Affiliated with this Home

  • Beckie Stephens

    Seller's Agent in 2013

    Beckie Stephens

    RE/MAX

    (360) 789-6381

    67 Total Sales

    Beckie Stephens
    Section Image
  • Joan Connell

    Buyer's Agent in 2013

    Joan Connell

    Van Dorm Realty, Inc

    (360) 402-8727

    34 Total Sales

    Joan Connell
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM470492

Northwest Multiple Listing Service (NWMLS)

APN: 72771200300

Washington Thurston County Olympia 98512

2723 Scotlac Dr SW, Olympia, WA

This home is located at 2723 Scotlac Dr SW, Olympia, WA 98512 since 09 April 2013 and is currently estimated at $226,000, approximately $269 per square foot. This property was built in 1975. 2723 Scotlac Dr SW is a home located in Thurston County with nearby schools including Littlerock Elementary School, George Washington Bush Middle School, and Tumwater 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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