Listed by John L. Scott, Inc.
NOT LISTED FOR SALE

436 Mcphee Rd SW Olympia, WA 98502

Estimated Value: $766,429

1 Bed
1 Bath
716 Sq Ft
$1,070/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $720,000 $1,006 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,433/month

Highlights

  • Property is near public transit
  • Territorial View
  • Bamboo Flooring
  • Jefferson Middle School Rated A
  • Vaulted Ceiling
  • Loft

About This Home

As of August 2022

Live where you work, work where you live. Commercial property with living space built in. A total of 2277 sq ft +/- . 1561sq ft of office space, 3 private plumbed offices, waiting area, restroom & atrium. The 716+/- sq ft 1 bed 1 bath apartment boasts a main floor kitchen and gathering room. Upstairs is the bedroom, bath and down the hallway is commercial storage. Built with green features: passive solar orientation, natural ventilation, heat-recovery ventilator, zero/low VOC paint, pin foundation, metal roof, high efficiency H2O heater, reclaimed wood, cork floors, zero runoff storm water garden, pervious concrete and that's just the beginning. Conveniently located on the westside of Olympia less than 1/2 mile to Capitol Medical Center.

Last Agent to Sell the Property

Kathy Holt

John L. Scott, Inc. License #27535 Listed on: 04/28/2022

John L. Scott, Inc.

Co-Listed By

Quint Newell

Greene Commercial License #113575

Greene Commercial

Last Buyer's Agent

Quint Newell

Greene Commercial License #113575

Greene Commercial

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1922086

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,183

Year Built

  • Built in 2005

Lot Details

  • South Facing Home
  • Garden
  • Drought Tolerant Landscaping

Home Design

  • Slab Foundation
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 716 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Skylights
  • Loft
  • Bamboo Flooring
  • Territorial Views

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • High Efficiency Air Conditioning
  • Mini Split Air Conditioners
  • High Efficiency Heating System
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 12817410700

Community Details

Overview

  • No Home Owners Association
  • Westside Subdivision

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,183

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 32 - Townhouse
  • Year Built: 2005
  • Inclusions: Dishwasher,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 716
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Bamboo/Cork
  • Interior Amenities: Ductless HP-Mini Split, Bamboo/Cork, Double Pane/Storm Window, Loft, Skylight(s), Vaulted Ceiling(s), Water Heater
  • Living Area: 716
  • BathsFullMain: 0
  • SquareFootageFinished: 716
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Refrigerator,Stove/Range

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Drought Res Landscape, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Cement Planked
  • Foundation Details: Slab
  • Structure Type: Townhouse
  • BusLineNearby: true
  • ConstructionMethods: Advanced Wall
  • BusRouteNumber: 45

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electricity Available, Natural Gas Connected
  • HeatingCoolingType: Ductless HP-Mini Split,High Efficiency (Unspecified)
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterHeaterType: 90% efficiency

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12817410700
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13503
  • Zoning Description: MS
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet
  • MLSLotSizeSource: County Assessor
  • ZoningJurisdiction: City

Green Features

  • Efficiency: High Efficiency (Unspecified), Advanced Wall
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5183

Multi Family

  • EnergySource: Electric,Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Aug 10, 2022
Sold by
Tierra Boricua Llc
Bought by
Pathways Mhs Real Estate Llc
Seller's Agent
Kathy Holt
John L. Scott, Inc.
Buyer's Agent
Quint Newell
Greene Commercial
List Price
$749,000
Sold Price
$720,000
Premium/Discount to List
-$29,000
-3.87%
Current Estimated Value
$766,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,429
Avg. Annual Appreciation
1.98%
Original Mortgage
$629,000
Outstanding Balance
$601,356
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$165,073

Purchase Details

Closed on
Jul 1, 2013
Sold by
Lotus Eco Investments Llc
Bought by
Tierra Boricua Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2002
Sold by
Franks Jack
Bought by
Lotus Eco Investments Llc
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
Pathways Mhs Real Estate Llc $720,000 Thurston County Title
Tierra Boricua Llc -- Chicago Title Company
Lotus Eco Investments Llc -- Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pathways Mhs Real Estate Llc $629,000
Previous Owner Tierra Boricua Llc $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2022 08/18/22 Sold $720,000 -3.9% $1,006 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $749,000 -- $1,046 / 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 $4,825 $504,300 $94,200 $410,100
2023 $4,825 $435,500 $82,500 $353,000
2022 $5,183 $568,600 $74,600 $494,000
2021 $6,017 $433,800 $113,500 $320,300
2020 $6,033 $466,200 $177,600 $288,600
2019 $4,722 $456,000 $171,200 $284,800
2018 $5,444 $404,300 $155,200 $249,100
2017 $5,634 $451,250 $118,250 $333,000
2016 $4,762 $398,950 $95,650 $303,300
2014 -- $381,000 $85,200 $295,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1922086

Northwest Multiple Listing Service (NWMLS)

APN: 12817410700