Listed by Coldwell Banker Evergreen, Bought with Keller Williams South Sound
NOT LISTED FOR SALE

Estimated Value: $514,000 - $556,000

4 Beds
2 Baths
1,560 Sq Ft
$344/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $250,000 $160 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,233/month

40 Days on Market

Highlights

  • Corner Lot
  • Wall to Wall Carpet
  • 1-Story Property
  • Timberline High School Rated A-

About This Home

As of December 2017

This duplex is the perfect kind of long term real estate investment. These units are always rented. The garages divide the units for noise privacy. Washer dryer hookup are in the garages. Good basic floor plan. Two bedrooms and one bath on each side. Rents are a bit low to reward stable tenants. Both sides are month-to month rental agreements. Good location for JBLM commuters. Near bus line for easy transportation throughout metro area.

Last Agent to Sell the Property

Anita Marriott

Coldwell Banker Evergreen License #8629 Listed on: 09/21/2017

Coldwell Banker Evergreen

Last Buyer's Agent

Phil Harlan

Keller Williams South Sound License #2596

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1196719

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 1977

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 178 x 94 x 149 x 86
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Woodland Elementary School
  • Nisqually Mid Middle School
  • Timberline High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Ss 0416 004/349 Condos
  • Pattison Lake Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 11835230401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: SS 0416-004/349
  • New Construction: No
  • CalculatedSquareFootage: 1560
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 407

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: onsite septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 910

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: North Thurston
  • High School: Timberline High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 11835230401
  • Lot Size Acres: 0.29
  • Lot Size: 178 X 94 X 149 x 86
  • Lot Size Sq Ft: 12632
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 1540

Multi Family

  • Gross Scheduled Income: 17480
  • Net Operating Income: 13918
  • Number Of Units Total: 2
  • Insurance Expense: 450
  • Leasable Area: 1556
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2202

MLS Schools

  • Elementary School: Woodland Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2025
Sold by
Watermeade Properties Llc
Bought by
Hodges Stephen D
Current Estimated Value
$537,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,150
Outstanding Balance
$568,150
Interest Rate
6.89%
Mortgage Type
VA
Estimated Equity
-$30,799

Purchase Details

Closed on
Jun 8, 2021
Sold by
Iovanne Thomas and Iovanne Sandra
Bought by
Watermeade Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2021
Sold by
Watermeade Properties Llc
Bought by
Iovanne Thoams J and Iovanne Sandra W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Iovanne Thomas J and Iovanne Sandra W
Bought by
Watermeade Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2019
Sold by
Watermeade Properties Llc
Bought by
Lovanne Thomas J and Lovanne Sandra W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2018
Sold by
Watermeade Properties Llc
Bought by
The County Of Thurston

Purchase Details

Listed on
Sep 21, 2017
Closed on
Dec 4, 2017
Sold by
Duning Carl and Duning Judith
Bought by
Watermeade Properties Llc
Seller's Agent
Anita Marriott
Coldwell Banker Evergreen
Buyer's Agent
Phil Harlan
Keller Williams South Sound
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%

Purchase Details

Closed on
Apr 2, 2002
Sold by
Barnes Luthero and Barnes Linda G
Bought by
Duning Carl and Duning Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
7.08%
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
Hodges Stephen D $550,000 Chicago Title
Watermeade Properties Llc -- None Available
Iovanne Thoams J -- Stewart
Watermeade Properties Llc -- None Available
Lovanne Thomas J -- Stewart Title Thurston
The County Of Thurston -- None Available
Watermeade Properties Llc $279,719 Thurston County Title Oc
Duning Carl $126,900 Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hodges Stephen D $568,150
Previous Owner Iovanne Thomas J $294,000
Previous Owner Iovanne Thomas J $155,000
Previous Owner Duning Carl $101,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2017 12/08/17 Sold $250,000 -3.5% $160 / Sq Ft
11/01/2017 11/01/17 Pending -- -- --
10/18/2017 10/18/17 Price Changed $259,000 -2.3% $166 / Sq Ft
09/21/2017 09/21/17 For Sale $265,000 -- $170 / 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 $3,933 $435,400 $247,400 $188,000
2023 $3,933 $396,100 $204,500 $191,600
2022 $3,065 $337,200 $178,400 $158,800
2021 $3,043 $250,200 $122,200 $128,000
2020 $3,254 $231,700 $90,300 $141,400
2019 $2,504 $256,200 $139,500 $116,700
2018 $2,860 $200,200 $92,700 $107,500
2017 $2,202 $158,300 $56,200 $102,100
2016 $2,139 $152,600 $59,900 $92,700
2014 -- $151,500 $65,500 $86,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1196719

Northwest Multiple Listing Service (NWMLS)

APN: 11835230401