Listed by Van Dorm Realty, Inc, Bought with BMC Realty Advisors Inc
NOT LISTED FOR SALE

3820 S Bay Loop NE Olympia, WA 98506

Estimated Value: $285,000 - $444,000

2 Beds
1 Bath
999 Sq Ft
$371/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $319,000 $319 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,138/month

170 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Open Space
  • 1 Fireplace
  • Double Oven
  • 1-Story Property

About This Home

As of August 2020

1.53 acres (2 parcels: 11932310800 & 11932310300) of amazing potential in prime location for visionary buyer! 2-bed cabin on .47 acre lot currently rents for $1100/mo. 1.06 acre adjacent parcel could be ideal for home-based business or develop. Resurrect building on ~5,000 sf slab for shop, storage OR build on the property? Shared well w/easement for cabin & add'l septic located on larger lot.
Seller will not make any repairs or alterations. Property being sold AS-IS. Elbow grease = $$ equity!

Last Agent to Sell the Property

Karen Schrank

Van Dorm Realty, Inc License #97982 Listed on: 01/27/2020

Van Dorm Realty, Inc

Last Buyer's Agent

Ryan Fisher

BMC Realty Advisors Inc License #117419

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1558064

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,940

Year Built

  • Built in 1925

Lot Details

  • 1.54 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Brush Vegetation
  • Corner Lot
  • Level Lot
  • Value in Land
  • Zoning described as RRR1/5

Parking

  • Off-Street Parking

Home Design

  • Cabin
  • Fixer Upper
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 999 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Territorial Views
  • Double Oven

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outbuilding

Schools

  • South Bay Elementary School
  • North Thurston High School

Utilities

  • Shared Well
  • Water Heater
  • Septic Tank
  • Septic System

Community Details

  • South Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11932310300

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,940

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 10 - 1 Story
  • Year Built: 1925
  • Inclusions: DoubleOven,RangeOven
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Cabin
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 999
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Double Oven
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate, Water Heater
  • Living Area: 999
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 999
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Double Oven,Range/Oven

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Open Space, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Fixer
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Security: Fully Fenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electricity Available
  • PowerCompany: Puget Sound Energy
  • WaterHeaterLocation: Bathroom
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: North Thurston
  • High School: North Thurston High

Lot Info

  • Parcel Number: 11932310300
  • Topography: Level
  • Lot Size Acres: 1.5362
  • Lot Size: Irregular
  • Lot Size Sq Ft: 66917
  • Zoning Description: RRR1/5
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Tax Assessor
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 1940

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: South Bay Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
Aug 19, 2020
Sold by
Chhabra Surjit S
Bought by
Chapman Cadey James
Seller's Agent
Karen Schrank
Van Dorm Realty, Inc
Buyer's Agent
Ryan Fisher
BMC Realty Advisors Inc
List Price
$319,900
Sold Price
$319,000
Premium/Discount to List
-$900
-0.28%
Current Estimated Value
$370,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,808
Avg. Annual Appreciation
2.98%
Original Mortgage
$309,430
Outstanding Balance
$274,486
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$96,322

Purchase Details

Closed on
Dec 20, 1996
Sold by
Byzantine Catholic Mission Society and Hogue Lonnie
Bought by
Chhabra Surjit S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.67%
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
Chapman Cadey James $319,000 Chicago Title Company Of Wa
Chhabra Surjit S $68,035 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman Cadey James $309,430
Previous Owner Chhabra Surjit S $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $319,000 -0.3% $319 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $319,900 +0.3% $320 / Sq Ft
03/25/2020 03/25/20 Off Market $319,000 -- --
03/16/2020 03/16/20 Price Changed $319,900 0.0% $320 / Sq Ft
03/16/2020 03/16/20 For Sale $319,900 -3.0% $320 / Sq Ft
03/07/2020 03/07/20 Pending -- -- --
02/22/2020 02/22/20 For Sale $329,900 0.0% $330 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $329,900 -- $330 / 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 $2,060 $225,000 $176,300 $48,700
2023 $2,060 $200,500 $151,000 $49,500
2022 $2,044 $187,000 $133,600 $53,400
2021 $1,804 $164,500 $118,600 $45,900
2020 $1,314 $133,400 $100,100 $33,300
2019 $1,204 $96,500 $61,100 $35,400
2018 $1,351 $91,100 $52,200 $38,900
2017 $1,273 $88,450 $57,850 $30,600
2016 $1,165 $81,100 $51,200 $29,900
2014 -- $78,700 $49,400 $29,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1558064

Northwest Multiple Listing Service (NWMLS)

APN: 11932310300