Listed by Virgil Adams Real Estate, Inc., Bought with Better Properties N. Proctor
NOT LISTED FOR SALE

516 520 SE Bates St SE Tumwater, WA 98501

Estimated Value: $466,000 - $538,000

-- Bed
2 Baths
1,722 Sq Ft
$283/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $342,100 $199 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,033/month

42 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Property is in very good condition
  • Tumwater Middle School Rated A-
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of August 2019

Tumwater duplex is exceptional & full of Character! Located steps from the Tumwater Safeway off Capital Blvd/Cleveland. Terrific location for State or Capital Workers. You walk in to beautiful Oak flooring in the most comfortable living room w/ fireplace, built ins, large picture windows. Quaint kitchens are tiled to the period & offer laundry rooms with access down to extra square footage in clean & dry basement areas. Nicely cared for by the current owner for your benefit.

Last Agent to Sell the Property

Carla Boyer

Virgil Adams Real Estate, Inc. License #38216 Listed on: 06/21/2019

Last Buyer's Agent

Valerie Albright

Better Properties N. Proctor License #83734

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1479203

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,775

Year Built

  • Built in 1937

Lot Details

  • 8,850 Sq Ft Lot
  • Lot Dimensions are 117 x 74
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,722 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Ceramic Tile

Schools

  • Tumwater Hill Elementary School
  • Tumwater Mid Middle School
  • Tumwater High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Tumwater Subdivision

Listing and Financial Details

  • Assessor Parcel Number 84900101100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,775

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1937
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1722
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Tumwater
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tumwater
  • High School: Tumwater High
  • Middle Or Junior School: Tumwater Mid

Lot Info

  • Parcel Number: 84900101100
  • Lot Size Acres: 0.2032
  • Lot Size: 117 x 74
  • Lot Size Sq Ft: 8850
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 30600
  • Net Operating Income: 23395
  • Number Of Units Total: 2
  • Insurance Expense: 900
  • Leasable Area: 1722
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2775

MLS Schools

  • Elementary School: Tumwater Hill Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2025
Sold by
Dally Benjamin
Bought by
Loeb Brian and Loeb Angela
Current Estimated Value
$487,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Outstanding Balance
$352,500
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$188,851

Purchase Details

Listed on
Jun 21, 2019
Closed on
Aug 29, 2019
Sold by
Crabtree William M and Crabtree Teresea L
Bought by
Dally Benjamin
Seller's Agent
Carla Boyer
Virgil Adams Real Estate, Inc.
Buyer's Agent
Valerie Albright
Better Properties N. Proctor
List Price
$350,000
Sold Price
$342,100
Premium/Discount to List
-$7,900
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$256,575
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 1996
Sold by
Michaelis Mary C
Bought by
Crabtree William M and Crabtree Teresea L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7%

Purchase Details

Closed on
Sep 5, 1996
Sold by
Michaelis Mary C
Bought by
Crabtree William M and Crabtree Teresea L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7%
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
Loeb Brian $470,000 Thurston County Title
Dally Benjamin $342,100 Thurston County Title
Crabtree William M -- Thurston County Title
Crabtree William M $92,500 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loeb Brian $352,500
Previous Owner Dally Benjamin $258,320
Previous Owner Dally Benjamin $256,575
Previous Owner Crabtree William M $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $342,100 -2.3% $199 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $350,000 0.0% $203 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $350,000 -- $203 / 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 $4,533 $470,400 $252,200 $218,200
2023 $4,533 $452,800 $236,700 $216,100
2022 $3,730 $426,600 $226,700 $199,900
2021 $3,638 $316,800 $154,000 $162,800
2020 $2,837 $283,400 $98,400 $185,000
2019 $2,775 $214,100 $116,800 $97,300
2018 $2,820 $218,400 $106,900 $111,500
2017 $2,197 $167,150 $66,150 $101,000
2016 $1,692 $152,250 $58,250 $94,000
2014 -- $123,900 $61,700 $62,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1479203

Northwest Multiple Listing Service (NWMLS)

APN: 84900101100