Listed by Keller Williams South Sound
NOT LISTED FOR SALE

502 Eastside St NE Unit 504 Olympia, WA 98506

Estimated Value: $663,166 - $745,000

6 Beds
4 Baths
2,744 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 10, 2013

Last sale price $264,900 $97 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $4,215/month

125 Days on Market

Highlights

  • Bay View
  • Deck
  • Wood Siding
  • Reeves Middle School Rated A-
  • Thermal Windows
  • 2-minute walk to Parc Foundation

About This Home

As of October 2013

Best offering on the market! Bigelow neighborhood duplex well suited as an investment or even better for the owner occupant. Walk to Priest Point Park along East Bay Drive or bike over to the Farmer's Market for fresh fruits and vegetables. These large 3 bedroom, 1.5 baths units w/'car attached garages (w/openers) provide comfortable living. All appliances are included in the sale.

Last Agent to Sell the Property

Phil Harlan

Keller Williams South Sound License #2596 Listed on: 04/22/2013

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 477543

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,487

Year Built

  • Built in 1989

Lot Details

  • 7,840 Sq Ft Lot
  • Lot Dimensions are 82x115
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,744 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Bay Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Rooseveltelem Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Bigelow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 79200100800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,487

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1989
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2744
  • Special Features: None
  • Cumulative Days on Market: 452

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • 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: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 79200100800
  • Lot Size Acres: 0.18
  • Lot Size: 82X115
  • Lot Size Sq Ft: 7840
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2225

Multi Family

  • Gross Scheduled Income: 26700
  • Net Operating Income: 20242
  • Number Of Units Total: 2
  • Insurance Expense: 1636
  • Leasable Area: 2744
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3487

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2013
Closed on
Oct 4, 2013
Sold by
J L Ladenburger Properties
Bought by
Mcavoy Dana and Mcavoy Cathy
Seller's Agent
Phil Harlan
Keller Williams South Sound
List Price
$278,750
Sold Price
$264,900
Premium/Discount to List
-$13,850
-4.97%
Current Estimated Value
$694,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,442
Avg. Annual Appreciation
8.45%
Original Mortgage
$198,600
Outstanding Balance
$151,385
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$541,727

Purchase Details

Closed on
Apr 15, 2008
Sold by
Armstrong Robert A and Sadler Ricky
Bought by
J L Ladenburger Properties Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
J L Ladenburger Properties Llc
Bought by
Armstrong Robert A and Sadler Ricky

Purchase Details

Closed on
Sep 26, 2003
Sold by
Armstrong Robert A
Bought by
J L Ladenburg Properties Llc

Purchase Details

Closed on
Jan 9, 2002
Sold by
Mohlay Ayren J and Mohlay Tami L
Bought by
Armstrong Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,800
Interest Rate
6.06%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 16, 2001
Sold by
Carlson Gene M
Bought by
Mohlay Ayren J and Mohlay Tami L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,800
Interest Rate
6.06%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 25, 1995
Sold by
Lovrien Mark R
Bought by
Carlson Gene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,702
Interest Rate
8.44%
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
Mcavoy Dana $264,900 First American Title
J L Ladenburger Properties Llc -- None Available
Armstrong Robert A -- First American
J L Ladenburg Properties Llc -- --
Armstrong Robert A $223,500 Stewart Title Of Western
Mohlay Ayren J $155,000 Thurston County Title Co
Carlson Gene M -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcavoy Dana $198,600
Previous Owner Armstrong Robert A $178,800
Previous Owner Mohlay Ayren J $92,500
Previous Owner Carlson Gene M $87,702
Closed Mohlay Ayren J $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2013 10/10/13 Sold $264,900 -5.0% $97 / Sq Ft
08/28/2013 08/28/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $278,750 -- $102 / 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 $5,180 $613,100 $285,200 $327,900
2023 $5,180 $495,200 $206,600 $288,600
2022 $5,153 $519,100 $219,900 $299,200
2021 $5,516 $431,300 $168,400 $262,900
2020 $5,212 $427,300 $127,800 $299,500
2019 $7,756 $393,900 $177,200 $216,700
2018 $4,582 $340,200 $132,200 $208,000
2017 $3,929 $314,450 $92,750 $221,700
2016 $3,600 $286,250 $127,150 $159,100
2014 -- $287,850 $134,250 $153,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 477543

Northwest Multiple Listing Service (NWMLS)

APN: 79200100800