Listed by City Realty, Inc., Bought with WEICHERT, Realtors Reynolds RE
NOT LISTED FOR SALE

2890 A & B Fortner Dr SW Tumwater, WA 98512

Tumwater Hill Neighborhood

Estimated Value: $615,000 - $725,000

4 Beds
2 Baths
2,396 Sq Ft
$284/Sq Ft Est. Value

Last Sold August 02, 2017

Last sale price $371,000 $155 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,036/month

1 Day on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • 1-Story Property
  • Tumwater Middle School Rated A-
  • Patio

About This Home

As of August 2017

Check out this Duplex !! Very private location in a beautiful wooded area in the Somerset Hill community. Unit A has hardwood floors in entry, hallway, dining, great room, kitchen and bedrooms. Cathedral ceiling. It has 1.5 baths and a wood fireplace in the Great room. The other unit has 2 bedrooms and 2 baths and no fireplace. On the bus line and close to South Sound Community College, the Westside Mall with lots of shopping and restaurants. Great investment with up to $1300+ rent per unit.

Last Agent to Sell the Property

Lynn Cooper

City Realty, Inc. License #103310 Listed on: 06/10/2017

City Realty, Inc.

Last Buyer's Agent

Nick Condon

WEICHERT, Realtors Reynolds RE License #111804

WEICHERT, Realtors Reynolds RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1139649

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,509

Year Built

  • Built in 1986

Lot Details

  • 0.3 Acre Lot
  • Property is in average condition

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Duplex
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 2,396 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 75320009100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,509

Year Built

Built in 1986

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2396
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: See Remarks
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Puget Sound Energy
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 81

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 75

Schools

  • Junior High Dist: Tumwater

Lot Info

  • Parcel Number: 75320009100
  • Lot Size Acres: 0.295
  • Lot Size: 12850
  • Lot Size Sq Ft: 12850
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Multi Family

  • Gross Scheduled Income: 24000
  • Net Operating Income: 16368
  • Number Of Units Total: 2
  • Electric Expense: 75
  • Insurance Expense: 892
  • Leasable Area: 2396
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2020
Sold by
Johnson Davis R and Johnson Amanda J
Bought by
Johnson Real Estate Holdings 1 Llc
Current Estimated Value
$680,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,554,200
Outstanding Balance
$2,265,755
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,585,073

Purchase Details

Listed on
Jun 10, 2017
Closed on
Jul 28, 2017
Sold by
Sherbert Scott K
Bought by
Johnson Davis R and Johnson Amanda J E
Seller's Agent
Lynn Cooper
City Realty, Inc.
Buyer's Agent
Nick Condon
WEICHERT, Realtors Reynolds RE
List Price
$371,000
Sold Price
$371,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$278,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2010
Sold by
Odlaug Selma J
Bought by
Sherbert Scott K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,100
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2008
Sold by
Hesterberg Leland C and Hesterberg Gail D
Bought by
Sherbert Scott K and Odlaug Selma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,300
Interest Rate
5.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 1993
Sold by
Martin D James
Bought by
Hesterberg Leland C and Hesterberg Gail D
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
Johnson Real Estate Holdings 1 Llc -- Chicago Title
Johnson Davis R $370,702 Chicago Title Company
Sherbert Scott K -- First American Title
Sherbert Scott K $334,000 Chicago Title Company
Hesterberg Leland C -- Transamerica Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Real Estate Holdings 1 Llc $2,554,200
Closed Johnson Davis R $278,250
Previous Owner Sherbert Scott K $245,100
Previous Owner Sherbert Scott K $241,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2017 08/02/17 Sold $371,000 0.0% $155 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $371,000 -- $155 / 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 $4,962 $559,600 $252,200 $307,400
2023 $4,962 $495,700 $187,200 $308,500
2022 $4,433 $475,700 $193,800 $281,900
2021 $4,614 $376,600 $148,800 $227,800
2020 $3,876 $359,600 $99,400 $260,200
2019 $3,951 $292,800 $129,600 $163,200
2018 $3,813 $295,400 $105,400 $190,000
2017 $3,509 $267,400 $81,200 $186,200
2016 $3,020 $231,900 $71,400 $160,500
2014 -- $221,600 $75,600 $146,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1139649

Northwest Multiple Listing Service (NWMLS)

APN: 75320009100