Listed by Cycle Real Estate Inc., Bought with Abbey Realty Inc
NOT LISTED FOR SALE

5826 Armour Loop SE Unit A Olympia, WA 98513

Horizons Neighborhood

Estimated Value: $553,000 - $594,000

5 Beds
2 Baths
2,160 Sq Ft
$267/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $215,000 $100 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $3,491/month

49 Days on Market

Highlights

  • Golf Course Community
  • Wood Siding
  • 1-Story Property
  • Timberline High School Rated A-
  • Wall to Wall Carpet

About This Home

As of June 2015

This is a rare opportunity to own a Duplex in the Capitol City Golf Association . One story with single car garages, washer and dryer hookups in the Garage. One side is Two bedroom and the other is a three bedroom.

Last Agent to Sell the Property

Dan Pate

Cycle Real Estate Inc. License #13805 Listed on: 03/13/2015

Last Buyer's Agent

Laura Lundin

Abbey Realty Inc License #24684

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 751325

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,860

Year Built

  • Built in 1978

Lot Details

  • 9,002 Sq Ft Lot

HOA Fees

  • $20 Monthly HOA Fees

Home Design

  • Duplex
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Listing and Financial Details

  • Tax Lot 281
  • Assessor Parcel Number 38750028100

Community Details

Overview

  • Capital City Golf Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,860

Year Built

Built in 1978

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2160
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Metal
  • Lot Features: Community Golf Course
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Fair
  • 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
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: Puget sound energy
  • WaterCompany: City
  • WaterSewerGarbage: 540

Condo/Co-op/Association

  • Community Features: Golf
  • Association Fee: 240
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: North Thurston
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 38750028100
  • Lot Size Acres: 0.2067
  • Lot Size Sq Ft: 9002
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County records
  • ZoningClass: Multi-Family
  • LotNumber: 281

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1670

Multi Family

  • Gross Scheduled Income: 20040
  • Net Operating Income: 15573
  • Number Of Units Total: 2
  • Insurance Expense: 827
  • Leasable Area: 2160
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2860

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2016
Sold by
Scherdnik Kevin
Bought by
Scherdnik Kevin M and Scherdnik Anna
Current Estimated Value
$575,667

Purchase Details

Listed on
Mar 13, 2015
Closed on
May 28, 2015
Sold by
Buchanan Kenneth R
Bought by
Scherdnik Kevin
Seller's Agent
Dan Pate
Cycle Real Estate Inc.
Buyer's Agent
Laura Lundin
Abbey Realty Inc
List Price
$219,000
Sold Price
$215,000
Premium/Discount to List
-$4,000
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$211,105
Outstanding Balance
$162,862
Interest Rate
3.64%
Mortgage Type
FHA
Estimated Equity
$412,805

Purchase Details

Closed on
May 21, 2003
Sold by
Buchanan Lois M
Bought by
Buchanan Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,900
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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
Scherdnik Kevin M -- Thurston County Title
Scherdnik Kevin $214,719 Thurston County Title
Buchanan Kenneth R -- Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scherdnik Kevin $211,105
Previous Owner Buchanan Kenneth R $94,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2015 06/02/15 Sold $215,000 -1.8% $100 / Sq Ft
05/02/2015 05/02/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $219,000 -- $101 / 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 $5,032 $557,400 $247,400 $310,000
2023 $5,032 $526,400 $209,400 $317,000
2022 $3,760 $437,200 $175,300 $261,900
2021 $4,183 $322,600 $111,300 $211,300
2020 $4,089 $323,200 $90,100 $233,100
2019 $3,370 $325,300 $135,700 $189,600
2018 $3,944 $280,200 $109,400 $170,800
2017 $2,988 $218,850 $58,450 $160,400
2016 $2,860 $205,750 $71,250 $134,500
2014 -- $205,950 $77,950 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 751325

Northwest Multiple Listing Service (NWMLS)

APN: 38750028100