Listed by Virgil Adams Real Estate, Inc.
NOT LISTED FOR SALE

Estimated Value: $561,000 - $596,000

4 Beds
2 Baths
2,056 Sq Ft
$278/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $221,000 $107 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $3,452/month

26 Days on Market

Highlights

  • Wood Flooring
  • Partially Fenced Property
  • 5-minute walk to Trillium Park
  • Pioneer Elementary School Rated A
  • Wood Siding

About This Home

As of June 2013

Well maintained duplex with character in an excellent neighborhood and convenient location. Attached garages and plenty of parking on street and behind units. Large level lot with lots of outdoor play space. Ultra-desirable Olympia schools. Lots of hardwood floors and gas forced air heat. This one sets up beautifully for owner occupation of one half!

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 12/08/2011

Co-Listed By

Tammy Adams

Virgil Adams Real Estate, Inc. License #106926

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 301454

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,679

Year Built

  • Built in 1951

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 140
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,056 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Pioneer Elementary School
  • Wash Mid Middle School
  • Capital High School

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Carlyon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38820002003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,679

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1951
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2056
  • SOCComments: subject to lien holder approval
  • Special Features: 12

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Forced Air, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 38820002003
  • Lot Size Acres: 0.25
  • Lot Size: 75 x 140
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 23
  • LeasedItems: None
  • TotalMonthlyIncome: 900

Multi Family

  • Gross Scheduled Income: 10800
  • Net Operating Income: 8121
  • Number Of Units Total: 2
  • Leasable Area: 2056
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2011
  • Tax Annual Amount: 2679

MLS Schools

  • Elementary School: Pioneer Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2011
Closed on
Jun 18, 2013
Sold by
Lutes Nicholas A
Bought by
Chilcutt Sherry
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
List Price
$255,000
Sold Price
$221,000
Premium/Discount to List
-$34,000
-13.33%
Current Estimated Value
$572,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,441
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
Feb 5, 2010
Sold by
Nurse Julie Elizabeth
Bought by
Lutes Nicholas Adam

Purchase Details

Closed on
May 25, 2007
Sold by
Steffen Jo Ellen
Bought by
Lutes Nicholas A and Nurse Julie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,150
Interest Rate
6.12%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2005
Sold by
Brandt Geraldine V
Bought by
Steffen Jo Ellen
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
Chilcutt Sherry $221,000 Chicago Title Company
Lutes Nicholas Adam -- None Available
Lutes Nicholas A $301,000 Thurston County Title
Steffen Jo Ellen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lutes Nicholas A $45,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2013 06/28/13 Sold $221,000 -13.3% $107 / Sq Ft
01/04/2012 01/04/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $255,000 -- $124 / 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 $5,405 $566,300 $271,600 $294,700
2023 $5,405 $516,800 $201,400 $315,400
2022 $4,635 $478,600 $198,600 $280,000
2021 $4,674 $387,800 $162,300 $225,500
2020 $4,466 $362,000 $108,000 $254,000
2019 $1,937 $337,400 $155,000 $182,400
2018 $3,615 $268,300 $102,200 $166,100
2017 $2,803 $224,150 $79,250 $144,900
2016 $2,246 $200,350 $72,150 $128,200
2014 -- $179,350 $76,150 $103,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 301454

Northwest Multiple Listing Service (NWMLS)

APN: 38820002003