NOT LISTED FOR SALE
8 Beds
4 Baths
3,456 Sq Ft
7,200 Sq Ft Lot

Sale Details

Date Sold: January 4, 2018

Last sale price $500,000 $145 Per Sq Ft

60 Days on Market

Highlights

  • City View
  • Deck
  • Patio
  • Lincoln Elementary School Rated A-
  • Thermal Windows
  • High Speed Internet

About This Home

As of January 2018

This has been an income producing proven rental for 20 years, professionally managed by The Rants Group for the entire time, the owners have kept rents low to accommodate long term tenants. The property is ripe for upgrades and can easily be brought to market rents since all tenants are on a month to month. Recent upgrades recently done include new siding, windows and painting. Interior units will be inspected with an approved P & S agreement.

Last Buyer's Agent

Patrick Rants

The Rants Group License #2452

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1192542

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,308

Year Built

  • Built in 1971

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • City Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78504900300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,308

Year Built

Built in 1971

Lot Details

7,200 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3456
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Built-Up
  • View: City
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4

Utilities

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

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 78504900300
  • Lot Size Acres: 0.1653
  • Lot Size: 7200
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Tax Assessor
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 900

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3308

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false
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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
01/04/2018 01/04/18 Sold $500,000 -9.1% $145 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $550,000 0.0% $159 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $550,000 -- $159 / 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 $6,086 $768,300 $360,000 $408,300
2024 $6,086 $874,900 $349,200 $525,700
2023 $6,086 $582,000 $41,800 $540,200
2022 $4,751 $662,300 $44,600 $617,700
2021 $4,734 $397,600 $116,700 $280,900
2020 $4,957 $366,600 $118,100 $248,500
2019 $2,875 $374,600 $199,700 $174,900
2018 $3,933 $292,000 $112,600 $179,400
2017 $3,308 $264,600 $74,200 $190,400
2016 $3,315 $244,650 $104,550 $140,100
2014 -- $265,050 $110,350 $154,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1192542

Northwest Multiple Listing Service (NWMLS)
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