NOT LISTED FOR SALE

4518 Ridgewood Ct NW Unit 7 & 8 Olympia, WA 98502

Estimated Value: $563,000 - $655,326

6 Beds
2 Baths
2,378 Sq Ft
$260/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $595,000 $250 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,728/month

4 Days on Market

Highlights

  • RV Access or Parking
  • Thermal Windows
  • Patio
  • Jefferson Middle School Rated A
  • Cul-De-Sac
  • Wall to Wall Carpet

About This Home

As of February 2022

Well maintained duplex on a quiet, cul-de-sac in West Olympia, minutes from shopping and freeway access, and Olympia Schools. Units are mirrored, ~1200 sqft each w/ open floor plan, wood burning fireplace, 3 bedrooms, and 1.75 bathrooms w/ attached one-car garage w/ W/D hookups in garage. Efficient units w/ double pane windows, electric forced air furnace, new skylights, gutters & a new roof! Large property which backs up to acres of forest w/ trails & private access to public beach. Fenced backyard w/ patios and a large shed/storage building on concrete slab (w/ power) & RV parking. One unit is vacant and ready for someone to owner occupy and start their rental portfolio or ready to rent! Always rented, never vacant! Excellent potential!

Last Agent to Sell the Property

Savannah Parker

Abbey Realty Inc License #27370 Listed on: 11/11/2021

Co-Listed By

Matthew Williamson

Redfin License #112630

Last Buyer's Agent

Savannah Parker

Abbey Realty Inc License #27370 Listed on: 11/11/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1863923

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,397

Year Built

  • Built in 1970

Lot Details

  • 0.52 Acre Lot
  • Cul-De-Sac

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,378 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

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

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Leland P Brown Elementary School
  • Jefferson Mid Middle School
  • Capital High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Cooper Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 70730000302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,397

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2378
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

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: 70730000302
  • Lot Size Acres: 0.5167
  • Lot Size Sq Ft: 22509
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1666
  • LeasedItems: None
  • TotalMonthlyIncome: 1600

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 29407
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 2378
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5397

MLS Schools

  • Elementary School: Leland P Brown Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Feb 10, 2022
Sold by
Normoyle Eli M and Normoyle Heather A
Bought by
Cook Benjamin J and Cook Kimberly A
Seller's Agent
Savannah Parker
Abbey Realty Inc
Buyer's Agent
Savannah Parker
Abbey Realty Inc
List Price
$599,900
Sold Price
$595,000
Premium/Discount to List
-$4,900
-0.82%
Current Estimated Value
$617,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,582
Avg. Annual Appreciation
1.02%
Original Mortgage
$446,250
Outstanding Balance
$414,427
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$203,155

Purchase Details

Closed on
Aug 25, 2018
Sold by
Normoyle Eli M and Normoyle Heather
Bought by
Normoyle Eli M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2014
Sold by
Normoyle Adam J
Bought by
Normoyle Eli

Purchase Details

Closed on
Aug 20, 2009
Sold by
Normoyle Michelle L
Bought by
Normoyle Eli

Purchase Details

Closed on
Jun 9, 2005
Sold by
Hunter Brent B and Hunter Jillene B
Bought by
Normoyle Eli and Normoyle Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,600
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 16, 2001
Sold by
Zirkle Jerry D and Zirkle Joann Powell
Bought by
Hunter Brent B and Hunter Jillene B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,200
Interest Rate
7.19%
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
Cook Benjamin J $594,719 Thurston County Title
Normoyle Eli M -- First American Title Ins Co
Normoyle Eli -- None Available
Normoyle Eli -- None Available
Normoyle Eli $317,500 Thurston County Title
Hunter Brent B $181,500 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Benjamin J $446,250
Previous Owner Normoyle Eli M $257,500
Previous Owner Normoyle Eli $301,600
Previous Owner Hunter Brent B $145,200
Closed Hunter Brent B $14,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $595,000 -0.8% $250 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $599,900 -- $252 / 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 $5,447 $631,900 $271,600 $360,300
2023 $5,447 $480,600 $175,000 $305,600
2022 $4,988 $487,500 $180,800 $306,700
2021 $5,397 $391,100 $159,300 $231,800
2020 $5,433 $386,100 $75,600 $310,500
2019 $3,939 $380,300 $151,500 $228,800
2018 $4,127 $293,400 $104,200 $189,200
2017 $4,006 $294,400 $90,100 $204,300
2016 $3,087 $231,750 $72,550 $159,200
2014 -- $221,550 $81,950 $139,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1863923

Northwest Multiple Listing Service (NWMLS)

APN: 70730000302

Washington Thurston County Olympia 98502

4518 Ridgewood Ct NW Unit 7 & 8, Olympia, WA

This home is located at 4518 Ridgewood Ct NW Unit 7 & 8, Olympia, WA 98502 since 11 November 2021 and is currently estimated at $617,582, approximately $259 per square foot. This property was built in 1970. 4518 Ridgewood Ct NW Unit 7 & 8 is a home located in Thurston County with nearby schools including Leland P. Brown 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

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