NOT LISTED FOR SALE

405 407 Washington Ave SW Unit 1-2 Yelm, WA 98597

Estimated Value: $405,450 - $518,000

6 Beds
2 Baths
2,160 Sq Ft
$210/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $310,000 $144 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,658/month

19 Days on Market

Highlights

  • Territorial View
  • Wall to Wall Carpet
  • 5-minute walk to Yelm Skate Park
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of December 2020

Excellent investment opportunity! Spacious duplex, each side features 3 bedrooms 1 bath and 1 car carport, 1080 sq feet each unit. Each unit rents for $1200, below market rent for the size. Tenants pay for their own water/sewage/electric!Great location, easy to rent. Expense is estimate, buyer to verify info. Don't miss this opportunity. This one won't last! Two other Duplex is also for sale (see MLS 1621199, MLS 1619489)

Last Agent to Sell the Property

Grace Wang

VerraTerra License #121230 Listed on: 06/25/2020

Last Buyer's Agent

Grace Wang

VerraTerra License #121230 Listed on: 06/25/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1619494

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,349

Year Built

  • Built in 1962

Lot Details

  • 0.25 Acre Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Yelm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 75300500401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,349

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2160
  • Special Features: None
  • Cumulative Days on Market: 303

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 900

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Yelm
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 75300500401
  • Lot Size Acres: 0.252
  • Lot Size Sq Ft: 10977
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Pierce County Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2400

Multi Family

  • Gross Scheduled Income: 28800
  • Net Operating Income: 24951
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2160
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2349

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Dec 7, 2020
Sold by
Manna Rudranil and Shah Anup
Bought by
Detwiler Anneke Jan
Seller's Agent
Grace Wang
VerraTerra
Buyer's Agent
Grace Wang
VerraTerra
List Price
$349,999
Sold Price
$310,000
Premium/Discount to List
-$39,999
-11.43%
Total Days on Market
19
Current Estimated Value
$454,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,363
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Sep 29, 2020
Sold by
Devi Priyanka
Bought by
Shah Anup

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2020
Sold by
Detwiler Anneke Jan
Bought by
Manna Rudranil and Tiwari Pradeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2020
Sold by
Detwiller Anneke Jan
Bought by
Basu Sreerupa and Manna Rudranil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2007
Sold by
Pauling Adrian Lee
Bought by
Detwiler Anneke Jan

Purchase Details

Closed on
Dec 1, 2003
Sold by
Pauling Adrian Lee
Bought by
Detwiler Anneke Jan

Purchase Details

Closed on
Jul 11, 2002
Sold by
Abbey Timothy G and Abbey Cathryn A
Bought by
Pauling Adrian L and Detwiler Anneke J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.69%

Purchase Details

Closed on
Nov 10, 1997
Sold by
Shorb Victor and Shorb Darlene M
Bought by
Abbey Timothy G and Abbey Cathryn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8%
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
Shah Anup -- First American Title Ins Co
Tiwari Pradeep -- First American Title Ins Co
Manna Rudranil $310,000 First American Title Ins Co
Basu Sreerupa $310,000 First American Title
Basu Sreerupa -- First American
Birari Sunil -- First American Title Ins Co
Manna Rudranil -- First American Title Ins Co
Detwiler Anneke Jan -- Chicago Title Insurance Comp
Detwiler Anneke Jan -- --
Pauling Adrian L $265,000 Chicago Title Insurance Comp
Abbey Timothy G $220,000 Charter Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manna Rudranil $232,500
Previous Owner Basu Sreerupa $232,500
Previous Owner Pauling Adrian L $208,000
Previous Owner Abbey Timothy G $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $310,000 -11.4% $144 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $349,999 -- $162 / 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 $2,965 $403,800 $194,000 $209,800
2023 $2,965 $304,000 $170,300 $133,700
2022 $2,777 $327,500 $178,200 $149,300
2021 $2,620 $252,500 $118,700 $133,800
2020 $2,325 $207,100 $73,700 $133,400
2019 $1,755 $179,500 $68,300 $111,200
2018 $2,433 $179,400 $76,700 $102,700
2017 $1,893 $146,500 $34,000 $112,500
2016 $1,290 $114,750 $45,250 $69,500
2014 -- $94,150 $45,250 $48,900
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Grace Wang

    VerraTerra

    (425) 298-3490

    19 Total Sales

    Grace Wang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1619494

Northwest Multiple Listing Service (NWMLS)

APN: 75300500401

Washington Thurston County Yelm 98597

405 407 Washington Ave SW Unit 1-2, Yelm, WA

This home is located at 405 407 Washington Ave SW Unit 1-2, Yelm, WA 98597 since 25 June 2020 and is currently estimated at $454,363, approximately $210 per square foot. This property was built in 1962. 405 407 Washington Ave SW Unit 1-2 is a home located in Thurston County with nearby schools including Southworth Elementary School, Yelm Middle School, and Yelm High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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