Listed by RE/MAX Parkside Affiliates, Bought with TEC Real Estate Inc.
NOT LISTED FOR SALE

423 Thomas St NW Olympia, WA 98502

Northwest Neighborhood

Estimated Value: $470,000 - $532,218

2 Beds
2 Baths
1,408 Sq Ft
$356/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $465,000 $330 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,167/month

2 Days on Market

Highlights

  • Mountain View
  • Patio
  • High Speed Internet
  • Jefferson Middle School Rated A
  • Vinyl Plank Flooring
  • 4-minute walk to Garfield Nature Trail Park

About This Home

As of December 2021

Duplex investment opportunity in a great location! Both units have been extensively overhauled in the last two years. Desirable 1 bed, 1 bath loft style units with vaulted ceilings. Nice open living space and cute functional kitchens with dining nooks. Right across the street from Garfield elementary, unit 423 has peek a boo views of Rainier and Ductless Mini Split. Each tenant has a covered carport stall. 4 storage units on site, 2 for the tenants and 2 "owner" units that could be rented out for additional income. These units stay full and are very easy to rent when a rare vacancy opens up. Don't miss out on this great opportunity to buy an updated and stabilized duplex with great tenants!

Last Agent to Sell the Property

Kyle Schrader

RE/MAX Parkside Affiliates License #122699 Listed on: 10/29/2021

RE/MAX Parkside Affiliates

Last Buyer's Agent

Ayanna Mostofi

TEC Real Estate Inc. License #75496

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1859625

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,222

Year Built

  • Built in 1964

Lot Details

  • 7,260 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 1,408 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Garfield Elementary School
  • Jefferson Mid Middle School
  • Capital High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 85000901300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,222

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1408
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 343

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 2556

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Jefferson Mid

Lot Info

  • Parcel Number: 85000901300
  • Lot Size Acres: 0.1667
  • Lot Size Sq Ft: 7260
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2850

Multi Family

  • Gross Scheduled Income: 34200
  • Net Operating Income: 27524
  • Number Of Units Total: 2
  • Insurance Expense: 898
  • Leasable Area: 1408
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3222

MLS Schools

  • Elementary School: Garfield Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Dec 7, 2021
Sold by
Wood Taylor
Bought by
Barber Kelly and Barber Jeffrey
Seller's Agent
Kyle Schrader
RE/MAX Parkside Affiliates
Buyer's Agent
Ayanna Mostofi
TEC Real Estate Inc.
List Price
$450,000
Sold Price
$465,000
Premium/Discount to List
$15,000
3.33%
Current Estimated Value
$507,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,241
Avg. Annual Appreciation
2.22%
Original Mortgage
$341,249
Outstanding Balance
$317,175
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$187,001

Purchase Details

Closed on
Jan 2, 2020
Sold by
Probach Gregg D and Probach Dianne J
Bought by
Wood Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2007
Sold by
Anthony Sharon
Bought by
Probach Gregg D and Probach Dianne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.21%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 22, 2005
Sold by
Rindy Mark
Bought by
Anthony Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 24, 2004
Sold by
Cahan Eric M and Cahan Andrea M
Bought by
Rindy Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,150
Interest Rate
6.87%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 14, 2001
Sold by
Long Sin S
Bought by
Cahan Eric M and Cahan Andrea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
7.03%

Purchase Details

Closed on
Mar 14, 2000
Sold by
Henderson Peta
Bought by
Long Sin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,350
Interest Rate
8.34%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Barber Kelly $465,000 Thurston County Title Co
Wood Taylor $300,000 Chicago Title Company Of Wa
Probach Gregg D $210,000 Pioneer Title Company
Anthony Sharon $205,000 Transnation Title
Rindy Mark $177,000 First American Title
Cahan Eric M $97,000 Charter Title Corporation
Long Sin S $91,500 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barber Kelly $341,249
Previous Owner Wood Taylor $294,566
Previous Owner Probach Gregg D $168,000
Previous Owner Anthony Sharon $164,000
Previous Owner Rindy Mark $168,150
Previous Owner Cahan Eric M $87,300
Previous Owner Long Sin S $82,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $465,000 +3.3% $330 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $450,000 -- $320 / 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 $4,669 $430,400 $271,600 $158,800
2023 $4,669 $446,300 $268,200 $178,100
2022 $3,374 $401,700 $244,200 $157,500
2021 $3,222 $282,100 $154,100 $128,000
2020 $3,007 $249,300 $105,600 $143,700
2019 $2,553 $226,900 $137,000 $89,900
2018 $2,818 $209,100 $111,200 $97,900
2017 $2,117 $169,050 $71,350 $97,700
2016 $1,847 $153,900 $70,900 $83,000
2014 -- $147,350 $79,550 $67,800
Source: Public Records

Agents Affiliated with this Home

  • Kyle Schrader

    Seller's Agent in 2021

    Kyle Schrader

    RE/MAX

    (360) 791-0253

    3 in this area

    48 Total Sales

    Section Image
  • Ayanna Mostofi

    Buyer's Agent in 2021

    Ayanna Mostofi

    TEC Real Estate Inc.

    (360) 621-7200

    1 in this area

    60 Total Sales

    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1859625

Northwest Multiple Listing Service (NWMLS)

APN: 85000901300

Washington Thurston County Olympia 98502 Northwest

423 Thomas St NW, Olympia, WA

This home is located at 423 Thomas St NW, Olympia, WA 98502 since 29 October 2021 and is currently estimated at $501,805, approximately $356 per square foot. This property was built in 1964. 423 Thomas St NW is a home located in Thurston County with nearby schools including Garfield Elementary School, Jefferson Middle School, and Capital 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

Nearby Homes