Listed by Sound Real Estate Brokers, Bought with WeLakeside
NOT LISTED FOR SALE

2891 Fortner Dr SW Unit A & B Tumwater, WA 98512

Tumwater Hill Neighborhood

Estimated Value: $716,000 - $824,000

8 Beds
4 Baths
2,934 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $416,000 $142 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,604/month

19 Days on Market

Highlights

  • Deck
  • Territorial View
  • Ceramic Tile Flooring
  • Tumwater Middle School Rated A-
  • Patio
  • Central Air

About This Home

As of July 2017

Live in one side and rent the other! Move-in ready Tumwater Hill duplex with excellent income. Lots of light inside: bay windows, garden windows, skylights, vaulted ceilings. Identical floor plans. Master suite upstairs with five piece bath, walk-in closet, 2nd closet. Downstairs has 1 BR, full bath, living room with fireplace, den, kitchen. 1 car garages. Tenants pay all utilities. Updated roof, decks, appliances, heat pump with AC. Next to SPSCC, close to Hwy 101, shopping, bus line.

Last Agent to Sell the Property

John Clabaugh

Sound Real Estate Brokers License #38193 Listed on: 04/26/2017

Sound Real Estate Brokers

Co-Listed By

Rebecca Clabaugh

Sound Real Estate Brokers License #106957

Last Buyer's Agent

Grace Lee

WeLakeside License #91962

WeLakeside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1112087

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,966

Year Built

  • Built in 1983

Lot Details

  • 0.27 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Somerset Hill Condos
  • Tumwater Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 75320007900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,966

Year Built

Built in 1983

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Somerset Hill
  • New Construction: No
  • CalculatedSquareFootage: 2934
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, See Remarks, Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 158
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tumwater

Lot Info

  • Parcel Number: 75320007900
  • Lot Size Acres: 0.2744
  • Lot Size Sq Ft: 11954
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Multi Family

  • Gross Scheduled Income: 28200
  • Net Operating Income: 23202
  • Number Of Units Total: 2
  • Insurance Expense: 874
  • Leasable Area: 2934
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3966

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Jun 28, 2017
Sold by
Larson Gary A and Larson Sherrie L
Bought by
Kakshapati Writurani
Seller's Agent
John Clabaugh
Sound Real Estate Brokers
Buyer's Agent
Grace Lee
WeLakeside
List Price
$424,000
Sold Price
$416,000
Premium/Discount to List
-$8,000
-1.89%
Current Estimated Value
$768,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,121
Avg. Annual Appreciation
7.71%
Original Mortgage
$387,972
Outstanding Balance
$322,870
Interest Rate
3.95%
Mortgage Type
FHA
Estimated Equity
$445,251

Purchase Details

Closed on
Nov 20, 2003
Sold by
Barton Howard L and Barton Dorothy A
Bought by
Larson Gary A and Larson Sherrie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,550
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Kakshapati Writurani $415,719 Chicago Title Company
Larson Gary A $249,500 Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kakshapati Writurani $387,972
Previous Owner Larson Gary A $224,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $416,000 -1.9% $142 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $424,000 -- $145 / 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 $6,218 $685,200 $252,200 $433,000
2023 $6,218 $621,400 $186,000 $435,400
2022 $5,490 $589,800 $189,500 $400,300
2021 $6,018 $466,600 $142,600 $324,000
2020 $4,162 $469,300 $98,900 $370,400
2019 $4,234 $314,500 $126,000 $188,500
2018 $4,160 $322,300 $104,800 $217,500
2017 $3,782 $288,250 $77,850 $210,400
2016 $3,870 $292,050 $70,450 $221,600
2014 -- $284,200 $74,600 $209,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1112087

Northwest Multiple Listing Service (NWMLS)

APN: 75320007900