Listed by Coldwell Banker Evergreen, Bought with ShopProp Inc.
NOT LISTED FOR SALE

515 Firewillow St NW Olympia, WA 98502

Estimated Value: $925,000 - $1,559,160

6 Beds
10 Baths
5,870 Sq Ft
$221/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $1,330,000 $227 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,933/month

4 Days on Market

Highlights

  • Territorial View
  • Forced Air Heating and Cooling System
  • Property is near a preserve or public land
  • Thurgood Marshall Middle School Rated A-
  • Patio
  • High Speed Internet

About This Home

As of May 2024

Great Olympia West Side investment opportunity, 2 fully occupied duplexes on a secluded lot in the Bay Hill. Each of the 4 townhome-style units feature lots of windows & light, laminate wd flrs, ktchns w quartz cnter tops, SS appliances & territorial views. Convenient location in a quiet neighbrhd close to shopping, schls, freeway access & downtown Olympia. These large, nicely maintained duplexes were built in 2014 & are well positioned for new ownership. Each unit offers 1,467 sq ft w lots of windows & includes 3 bedrms & 2.5 baths, fenced backyard & patio, 1 oversized single-car garage & lots of parking. Please DO NOT CONTACT TENANTS. These are clean, well-maintained units in a great location & a fantastic asset to add to your portfolio!

Last Agent to Sell the Property

Bob Jorgenson

Coldwell Banker Evergreen License #45154 Listed on: 04/04/2024

Coldwell Banker Evergreen

Last Buyer's Agent

ShopProp Realty

ShopProp Inc. License #18615

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2215586

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,454

Year Built

  • Built in 2014

Lot Details

  • 10,865 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Cement Board or Planked

Interior Spaces

  • 5,870 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Mclane Elementary School
  • Marshall Middle School
  • Capital High School

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bayhill Condos
  • Olympia Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number 33560013600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,454

Year Built

Built in 2014

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2014
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bayhill
  • New Construction: No
  • CalculatedSquareFootage: 5870
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Adjacent to Public Land, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 302
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Marshall Middle

Lot Info

  • Parcel Number: 33560013600
  • Lot Size Acres: 0.2494
  • Lot Size Sq Ft: 10865
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 136

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 5.82
  • LeasedItems: None
  • TotalMonthlyIncome: 8529

Tax Info

  • Year: 2024
  • Tax Annual Amount: 13454

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Mclane Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
Apr 26, 2024
Sold by
Mccabe Christian and Mccabe Jocelyn
Bought by
Satpathy Sudhir Kumar and Kar Subarna
Seller's Agent
Bob Jorgenson
Coldwell Banker Evergreen
Buyer's Agent
ShopProp Realty
ShopProp Inc.
List Price
$1,350,000
Sold Price
$1,330,000
Premium/Discount to List
-$20,000
-1.48%
Views
14
Current Estimated Value
$1,296,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,460
Avg. Annual Appreciation
-1.74%

Purchase Details

Listed on
Apr 22, 2016
Closed on
Apr 26, 2017
Sold by
Synergy 360 Investments Llc
Bought by
Mccabe Christian and Mccabe Jocelyn
List Price
$828,000
Sold Price
$805,000
Premium/Discount to List
-$23,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$603,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2012
Sold by
First Citizens Bank & Trust
Bought by
Synergy 360 Investments Llc

Purchase Details

Closed on
Nov 19, 2009
Sold by
Bay Hill Llc
Bought by
First Citizens Bank & Trust Company and Venture Bank

Purchase Details

Closed on
Aug 6, 2009
Sold by
Bay Hill Llc
Bought by
Venture Bank

Purchase Details

Closed on
Jun 17, 2009
Sold by
Bay Hill Llc
Bought by
Venture Bank

Purchase Details

Closed on
Jan 4, 2007
Sold by
Bayhill Partners Llc
Bought by
Bay Hill Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,560,000
Interest Rate
6.17%
Mortgage Type
Construction
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
Satpathy Sudhir Kumar $1,328,200 Thurston County Title
Mccabe Christian $804,719 Thurston County Title
Synergy 360 Investments Llc $290,000 Chicago Title Company
First Citizens Bank & Trust Company $1,655,622 None Available
Venture Bank -- None Available
Venture Bank -- None Available
Bay Hill Llc $2,120,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccabe Christian $603,750
Previous Owner Bay Hill Llc $8,560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $1,330,000 -1.5% $227 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $1,350,000 +67.7% $230 / Sq Ft
04/28/2017 04/28/17 Sold $805,000 -2.8% $549 / Sq Ft View Prior Sale
02/17/2017 02/17/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $828,000 0.0% $564 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $828,000 0.0% $564 / Sq Ft
10/10/2016 10/10/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $828,000 -- $564 / 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 $13,454 $1,549,000 $349,200 $1,199,800
2023 $13,454 $1,287,700 $214,900 $1,072,800
2022 $10,929 $1,298,500 $231,300 $1,067,200
2021 $9,735 $915,600 $104,200 $811,400
2020 $10,281 $754,700 $105,000 $649,700
2019 $6,819 $777,600 $183,200 $594,400
2018 $9,246 $686,800 $104,500 $582,300
2017 $8,206 $657,550 $88,250 $569,300
2016 $3,275 $520,500 $71,800 $448,700
2014 -- $261,800 $80,600 $181,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2215586

Northwest Multiple Listing Service (NWMLS)

APN: 33560013600