NOT LISTED FOR SALE

303 Mill Rd SE Yelm, WA 98597

Estimated Value: $451,928 - $670,000

6 Beds
4 Baths
2,842 Sq Ft
$212/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $290,000 $102 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,748/month

41 Days on Market

Highlights

  • Thermal Windows
  • High Speed Internet
  • Wall to Wall Carpet
  • Patio
  • Property is Fully Fenced
  • 2-minute walk to Cochrane Memorial Park

About This Home

As of November 2017

Attention Investors! Multi-Family Income Opportunity. Build your own cash flow complex. Buy this unit & MLS #1130858 & there is potential opportunity to add a 3rd Duplex! Property zoned 6 units/acre. Unit 303 totally updated & ready for viewing. Pro-Forma rent used for unit 303. Similar units rent for $1,200/mo. Tenants pay all utilities. Fully fenced back yards. Large 3 bed/2.5 bath units. 1421 s.f. per side. Close to JBLM, shopping, schools & across the street from a beautiful park.

Last Agent to Sell the Property

Jan Ward

Coldwell Banker Evergreen License #124699 Listed on: 06/06/2017

Coldwell Banker Evergreen

Last Buyer's Agent

Jan Ward

Coldwell Banker Evergreen License #124699 Listed on: 06/06/2017

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1130696

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,895

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 138' x 150'
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,842 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Southworth Elementary School
  • Yelm High12 School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Yelm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21725110103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,895

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2004
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2842
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 313

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Yelm
  • WaterCompany: City of Yelm
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Yelm
  • High School: Yelm High12
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 21725110103
  • Lot Size Acres: 0.5
  • Lot Size: 138' x 150'
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 20292
  • Number Of Units Total: 6
  • Insurance Expense: 893
  • Leasable Area: 2842
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3895

MLS Schools

  • Elementary School: Southworth Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2017
Closed on
Nov 6, 2017
Sold by
Nieland William D and Nieland Maureen M
Bought by
Two Mill Rd Llc
Seller's Agent
Jan Ward
Coldwell Banker Evergreen
Buyer's Agent
Jan Ward
Coldwell Banker Evergreen
List Price
$349,000
Sold Price
$290,000
Premium/Discount to List
-$59,000
-16.91%
Total Days on Market
41
Current Estimated Value
$601,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,732
Avg. Annual Appreciation
10.12%

Purchase Details

Closed on
Aug 29, 2012
Sold by
Nieland Investment Llc
Bought by
Nieland William D and Nieland Maureen M

Purchase Details

Closed on
Apr 14, 2011
Sold by
Nieland William D and Nieland Maureen M
Bought by
Nieland Investments Llc
Source: Public Records

Range of Values:

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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
Two Mill Rd Llc $248,988 Thurston County Title
Nieland William D -- None Available
Nieland Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nieland William D $186,000
Previous Owner Nieland William D $205,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $290,000 -16.9% $102 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
06/06/2017 06/06/17 For Sale $349,000 -- $123 / 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 $4,442 $605,500 $194,000 $411,500
2023 $4,442 $452,800 $146,800 $306,000
2022 $4,620 $496,200 $157,300 $338,900
2021 $4,572 $417,700 $132,900 $284,800
2020 $4,337 $359,800 $75,300 $284,500
2019 $3,556 $333,300 $97,700 $235,600
2018 $4,151 $305,000 $99,300 $205,700
2017 $3,895 $300,000 $64,200 $235,800
2016 $3,062 $196,350 $57,350 $139,000
2014 -- $222,050 $57,350 $164,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1130696

Northwest Multiple Listing Service (NWMLS)

APN: 21725110103