NOT LISTED FOR SALE

325 N 5th Ave SW Unit A & B Tumwater, WA 98512

Tumwater Hill Neighborhood

Estimated Value: $659,000 - $808,000

5 Beds
2 Baths
2,574 Sq Ft
$282/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $685,000 $266 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,486/month

2 Days on Market

Highlights

  • Home fronts a creek
  • 0.35 Acre Lot
  • Corner Lot
  • Tumwater Middle School Rated A-
  • Deck
  • No HOA

About This Home

As of July 2022

Tumwater Hill Duplex! Side A: clean 2 bed 2 full bath 1200 sq. ft. single story with vaulted ceilings, fireplace, A/C, outdoor living spaces, lots of light, & a single car garage. B: Double garage, 3 bedroom 2.5 bath 1400 sq. ft. 2 story also with vaulted ceilings & lots of light, fireplace & all bedrooms upstairs. Primary suite, large walk in closet, vaulted ceilings, ceiling fans, & 2 additional bedrooms & shared full bath. Each unit has covered entries, decks, & private fenced- in outdoor areas. Ample Parking for 9 vehicles. Green spaces- next to a creek & in a quiet neighborhood close to all services. Keep this property as income producing or utilize as multigenerational housing. Great Tumwater schools & close to SPSCC.

Last Listed By

Jackie Ashley

RE/MAX Northwest License #116957 Listed on: 06/01/2022

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1943687

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,399

Year Built

  • Built in 1998

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 128' x 120'
  • Home fronts a creek
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,574 Sq Ft Home
  • 2-Story Property
  • Property Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Tumwater Hill Elementary School
  • Tumwater Mid Middle School
  • A G West Black Hills High School

Utilities

  • Central Air
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tumwater Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 80602500300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,399

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1998
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2574
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Half of Total
  • Special Features: None
  • Cumulative Days on Market: 250

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Central A/C, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: See Remarks
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Concrete Ribbon, Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Septic Tank, Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Sewer Connected, Electric, Natural Gas Connected, See Remarks
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Tumwater
  • WaterCompany: City of Tumwater
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 2633

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tumwater
  • High School: A G West Black Hills
  • Middle Or Junior School: Tumwater Mid

Lot Info

  • Parcel Number: 80602500300
  • Lot Size Acres: 0.3523
  • Lot Size: 128' x 120'
  • Lot Size Sq Ft: 15346
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas, See Remarks

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 3.78
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 25925
  • Net Operating Income: 12481
  • Number Of Units Total: 2
  • Insurance Expense: 1076
  • Leasable Area: 2574
  • EnergySource: Electric,Natural Gas,See Remarks
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4399

MLS Schools

  • Elementary School: Tumwater Hill Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 27, 2022
Sold by
Welch John G and Welch Faye
Bought by
Yeates Kyle and Yeates Courtney
Seller's Agent
Jackie Ashley
RE/MAX Northwest
Buyer's Agent
Sarah Odegaard-Fox
RE/MAX Northwest
List Price
$685,000
Sold Price
$685,000
Total Days on Market
2
Current Estimated Value
$725,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,673
Avg. Annual Appreciation
2.76%
Original Mortgage
$373,000
Outstanding Balance
$358,931
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$381,480

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
Yeates Kyle $685,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeates Kyle $373,000
Previous Owner Welch John G $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $685,000 0.0% $266 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $685,000 -- $266 / 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 $5,555 $612,400 $252,200 $360,200
2023 $5,555 $555,000 $185,000 $370,000
2022 $5,155 $539,900 $200,800 $339,100
2021 $5,288 $438,100 $164,500 $273,600
2020 $4,399 $412,300 $100,200 $312,100
2019 $4,383 $332,400 $137,100 $195,300
2018 $4,206 $325,900 $104,000 $221,900
2017 $4,174 $318,250 $89,050 $229,200
2016 $3,748 $266,750 $72,150 $194,600
2014 -- $275,200 $76,400 $198,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1943687

Northwest Multiple Listing Service (NWMLS)

APN: 80602500300