Listed by Kelly Right RE of Seattle LLC, Bought with Fulcrum RE Services Inc
NOT LISTED FOR SALE

4501 Wiggins Rd SE Olympia, WA 98501

Estimated Value: $741,000 - $789,098

3 Beds
3 Baths
7,068 Sq Ft
$108/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $760,000 $108 Per Sq Ft

Current estimated payment $4,775/month

119 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Corner Lot
  • Centennial Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of September 2022

Investor Alert!!10% CAP RATE! These recently updated properties are a must see cash flowing machine. Live in the main 1 1/2 story home and keep the 3 mobiles rented. With over 7,000 sq ft of rentable living space and 1.7 acres zoned R4-8 this investment property will not last long. Recent updates in some of the units include fresh interior paint, laminate & vinyl flooring, carpet & much more. Located in the highly sought after Olympia school district.

Last Agent to Sell the Property

Bing Yu

Kelly Right RE of Seattle LLC License #130400 Listed on: 04/28/2022

Kelly Right RE of Seattle LLC

Co-Listed By

Ka Ming Wong

Kelly Right RE of Seattle LLC License #21023291

Last Buyer's Agent

Josiah Dunken

Fulcrum RE Services Inc License #20110289

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1923522

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,240

Year Built

  • Built in 1924

Lot Details

  • 1.71 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 7,068 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Schools

  • Centennial Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11831140000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,240

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1924
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7068
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you
  • Special Features: None
  • Cumulative Days on Market: 483

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Open Space
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood Products
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Septic System, Electric, Natural Gas Connected, Individual Well
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 11831140000
  • Lot Size Acres: 1.71
  • Lot Size Sq Ft: 74488
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Electric Car Charging,Fenced-Partially,Gas Available,Outbuildings,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: See Remarks

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 89560
  • LeasedItems: None
  • TotalMonthlyIncome: 8150

Multi Family

  • Net Operating Income: 89560
  • Number Of Units Total: 4
  • Insurance Expense: 2000
  • Leasable Area: 7068
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6240
  • AdditionalTaxIds: 11831140000

MLS Schools

  • Elementary School: Centennial Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
Mar 13, 2020
Sold by
Huang Lifang
Bought by
Shi Xing Wen
Seller's Agent
Colton Blyle
RE/MAX Northwest
Buyer's Agent
Xiao Yu Jackson
Best Choice Realty LLC
List Price
$565,000
Sold Price
$562,000
Premium/Discount to List
-$3,000
-0.53%
Current Estimated Value
$762,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,775
Avg. Annual Appreciation
5.79%
Original Mortgage
$380,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2006
Sold by
Carlson Babette
Bought by
Carlson Brian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,300
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 27, 1999
Sold by
Boyd Thomas L and Boyd Donna J
Bought by
Harper Brian A and Harper Shauna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.86%
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
Shi Xing Wen -- Thurston County Title Co
Shi Xing Wen $562,000 Thurston County Title Co
Carlson Brian S -- First American Title
Carlson Stewart J $396,661 First American Title
Harper Brian A $135,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macias Jose Magana $515,425
Closed Shi Xing Wen $380,000
Previous Owner Carlson Stewart J $317,300
Previous Owner Harper Brian A $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $760,000 -19.1% $108 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
07/09/2022 07/09/22 Price Changed $939,000 +0.3% $133 / Sq Ft
07/08/2022 07/08/22 Price Changed $936,000 -6.3% $132 / Sq Ft
04/28/2022 04/28/22 For Sale $999,000 +77.8% $141 / Sq Ft
03/19/2020 03/19/20 Sold $562,000 -0.5% $80 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $565,000 -- $80 / 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 $7,522 $713,700 $218,300 $495,400
2023 $7,522 $693,300 $215,900 $477,400
2022 $6,240 $776,500 $171,800 $604,700
2021 $5,872 $505,700 $174,100 $331,600
2020 $5,802 $437,300 $179,900 $257,400
2019 $5,161 $422,100 $158,700 $263,400
2018 $5,208 $366,100 $111,000 $255,100
2017 $4,578 $330,900 $119,300 $211,600
2016 $4,205 $298,200 $121,200 $177,000
2014 -- $294,850 $119,150 $175,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1923522

Northwest Multiple Listing Service (NWMLS)

APN: 11831140000