NOT LISTED FOR SALE

4839 Rumac St SE Unit A & B Olympia, WA 98513

The Lakes Neighborhood

Estimated Value: $536,000 - $572,311

4 Beds
2 Baths
1,584 Sq Ft
$350/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $377,500 $238 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,480/month

7 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Partially Fenced Property
  • Timberline High School Rated A-
  • Patio
  • Wood Siding

About This Home

As of March 2020

**INCOME PRODUCING PROPERTY at 7% cap rate w/great location! This well-maintained duplex features newer roof & vinyl windows, newer trim/doors and laminate flooring in kitchen, living & dining for easy maintenance! Each side has 2 spacious bedrooms, 1 full bath, 1-car garage w/washer and dryer & covered front porch! Plenty of parking & both units have their own private side patio along w/a shared backyard which backs up to a greenbelt! Close to schools, lakes & easy access to freeways.

Last Agent to Sell the Property

Jane Snyder

Solution Partners NW License #95776 Listed on: 01/21/2020

Solution Partners NW

Last Buyer's Agent

Sung Han

eXp Realty License #81847

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1556296

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,626

Year Built

  • Built in 1973

Lot Details

  • 10,000 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,584 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 48360000300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,626

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1584
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 318

Interior Features

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

Exterior Features

  • Roof: Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 48360000300
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2750

Multi Family

  • Gross Scheduled Income: 33000
  • Net Operating Income: 28803
  • Number Of Units Total: 6
  • Insurance Expense: 971
  • Leasable Area: 1584
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 13, 2020
Sold by
Rei Lacey Llc
Bought by
Sh Re Holdings Llc
Seller's Agent
Jane Snyder
Solution Partners NW
Buyer's Agent
Sung Han
eXp Realty
List Price
$349,999
Sold Price
$377,500
Premium/Discount to List
$27,501
7.86%
Current Estimated Value
$553,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,328
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
May 13, 2019
Sold by
Young Steve and Young Christina Anne
Bought by
Rei Laccy Llc

Purchase Details

Closed on
Mar 1, 2019
Sold by
Cooper Meyer 1 Llc
Bought by
Yang Steve and Bryan Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2016
Sold by
Meyer Timothy L and Meyer Cheryl D
Bought by
Cooper Meyer I Llc

Purchase Details

Closed on
Oct 10, 2000
Sold by
Kogut Merry A
Bought by
Meyer Timothy L and Meyer Cheryl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,550
Interest Rate
7.96%

Purchase Details

Closed on
Oct 26, 1999
Sold by
Fite Jacquelyn L
Bought by
Kogut Merry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.75%
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
Sh Re Holdings Llc $377,500 Stewart Title
Rei Laccy Llc -- None Available
Yang Steve $315,000 Stewart Title Thurston
Cooper Meyer I Llc -- None Available
Meyer Timothy L $119,500 Transnation Title Insurance
Kogut Merry A $105,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yang Steve $236,250
Previous Owner Meyer Timothy L $150,000
Previous Owner Meyer Timothy L $151,500
Previous Owner Meyer Timothy L $135,000
Previous Owner Meyer Timothy L $107,600
Previous Owner Meyer Timothy L $107,550
Previous Owner Kogut Merry A $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $377,500 +7.9% $238 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $349,999 -- $221 / 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 $5,054 $484,600 $247,400 $237,200
2023 $5,054 $513,600 $245,700 $267,900
2022 $3,837 $432,600 $210,900 $221,700
2021 $3,682 $316,600 $140,700 $175,900
2020 $3,120 $283,000 $89,200 $193,800
2019 $2,626 $245,100 $99,800 $145,300
2018 $2,902 $203,300 $88,000 $115,300
2017 $2,423 $175,300 $49,100 $126,200
2016 $2,169 $162,450 $55,850 $106,600
2014 -- $153,800 $61,100 $92,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1556296

Northwest Multiple Listing Service (NWMLS)

APN: 48360000300