Listed by Windermere RE/Aberdeen, Bought with John L. Scott CNT
NOT LISTED FOR SALE

322 S 2nd St Elma, WA 98541

-- Bed
-- Bath
20,288 Sq Ft
61,420 Sq Ft Lot

Sale Details

Date Sold: July 1, 2020

Last sale price $1,400,000 $69 Per Sq Ft

53 Days on Market

Highlights

  • Docks
  • Territorial View
  • Concrete Flooring
  • 1.41 Acre Lot
  • High Speed Internet
  • Wood Siding

About This Home

As of July 2020

24 Unit (16-2 Bedroom, 1 Bath and 8-1 Bedroom, 1 Bath) apartment complex located Elma. The property consists of 3 Buildings with recent upgrades to all staircases and balconies. Recent updates include new outside stairs and balconies. All 3 roofs have been replaced within the last 10 years. Located within 25 minutes of Olympia and Aberdeen. Most rents are currently below market, which gives the potential for increased cash flow. Coin-Op laundry on site.

Last Agent to Sell the Property

Travis Jelovich

Windermere RE/Aberdeen License #25085 Listed on: 04/08/2020

Windermere RE/Aberdeen

Last Buyer's Agent

Mark Althauser

John L. Scott CNT License #113103

John L. Scott CNT

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1587812

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,433

Year Built

  • Built in 1978

Lot Details

  • 1.41 Acre Lot
  • Street terminates at a dead end

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 20,288 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Concrete
  • Vinyl

Outdoor Features

  • Docks

Schools

  • Elma Elementary School
  • Elma Mid Middle School
  • Elma High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Elma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 618063531006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,433

Year Built

Built in 1978

Lot Details

1.41 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 20288
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Concrete, Vinyl, Carpet
  • Interior Amenities: Concrete, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 24

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: GH PUD
  • SewerCompany: City of Elma
  • WaterCompany: City of Elma

Schools

  • Junior High Dist: Elma
  • High School: Elma High
  • Middle Or Junior School: Elma Mid

Lot Info

  • Parcel Number: 618063531006
  • Lot Size Acres: 1.41
  • Lot Size Sq Ft: 61420
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dock,High Speed Internet
  • MLSLotSizeSource: GH County/Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 12911

Tax Info

  • Year: 2020
  • Tax Annual Amount: 11433

Multi Family

  • Number Of Units Total: 24
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Elma Elem
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $1,400,000 -22.2% $69 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $1,800,000 0.0% $89 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
04/08/2020 04/08/20 For Sale $1,800,000 -- $89 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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
2025 $22,213 $2,326,522 $462,185 $1,864,337
2023 $22,663 $2,326,522 $462,185 $1,864,337
2022 $18,920 $1,696,445 $369,748 $1,326,697
2021 $14,252 $1,696,445 $369,748 $1,326,697
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1587812

Northwest Multiple Listing Service (NWMLS)
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