NOT LISTED FOR SALE

3701 Biscay St NW Olympia, WA 98502

Estimated Value: $535,000 - $3,456,000

36 Beds
18 Baths
-- Sq Ft
9.54 Acres

Last Sold August 14, 2019

Last sale price $2,100,000

Est. 17% increase in value since last sale

Current estimated payment $15,290/month

6 Days on Market

Highlights

  • Wood Siding
  • Jefferson Middle School Rated A
  • 1-Story Property

About This Home

As of August 2019

Biscay Acres consists of 18 units (9 duplexes) spread out over a landscaped 9.54 Acre Lot. All units are 2 bed/1 bath with attached garages and carports. Residents enjoy a quiet, tranquil setting while only being approximately 5 miles from Capital Mall and Downtown Olympia. Investors will enjoy immediate upside potential by increasing below-market rents, and reducing operating expenses.

Last Agent to Sell the Property

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 06/04/2019

Last Buyer's Agent

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 06/04/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1468746

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,928

Year Built

  • Built in 1972

Lot Details

  • 9.54

Home Design

  • Composition Roof
  • Wood Siding

Parking

  • 36 Parking Spaces
  • 16 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Additional Features

  • 1-Story Property
  • 9.54 Acre Lot

Community Details

  • Country Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12932440400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,928

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 36

Utilities

  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Utilities: Septic System, Electric

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12932440400
  • Lot Size Acres: 9.54
  • Lot Size Sq Ft: 415562
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 15246

Tax Info

  • Year: 2019
  • Tax Annual Amount: 13928

Multi Family

  • Number Of Units Total: 1
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2019
Closed on
Aug 6, 2019
Sold by
Mary Milton Llc
Bought by
Biscay Street Tnc Llc
Seller's Agent
Pat Suarez
Urban Commercial Partners, LLC
Buyer's Agent
Pat Suarez
Urban Commercial Partners, LLC
List Price
$1,950,000
Sold Price
$2,100,000
Premium/Discount to List
$150,000
7.69%
Current Estimated Value
$2,460,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,254
Avg. Annual Appreciation
2.71%
Original Mortgage
$1,606,000
Outstanding Balance
$1,406,559
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$1,072,288

Purchase Details

Closed on
Sep 6, 2006
Sold by
Milton Verne E and Milton William M
Bought by
Mary Milton Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Biscay Street Tnc Llc $2,095,500 Thurston County Title Co
Mary Milton Llc -- None Available
Mary Milton Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biscay Street Tnc Llc $1,606,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2019 08/14/19 Sold $2,100,000 +7.7% --
06/10/2019 06/10/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $1,950,000 -- --
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 $28,961 $2,669,600 $503,700 $2,165,900
2023 $28,961 $2,518,500 $255,700 $2,262,800
2022 $26,639 $1,942,000 $155,200 $1,786,800
2021 $18,748 $2,056,500 $397,600 $1,658,900
2020 $18,296 $1,286,000 $289,400 $996,600
2019 $13,928 $1,225,400 $483,000 $742,400
2018 $13,750 $921,300 $154,500 $766,800
2017 $13,378 $928,400 $132,400 $796,000
2016 $12,017 $972,750 $76,250 $896,500
2014 -- $869,400 $86,100 $783,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1468746

Northwest Multiple Listing Service (NWMLS)

APN: 12932440400