Listed by eXp Realty, Bought with Better Properties Gig Harbor
NOT LISTED FOR SALE

607 N 7th Ave SW Unit A&B Tumwater, WA 98512

Tumwater Hill Neighborhood

Estimated Value: $563,000 - $718,000

6 Beds
5 Baths
2,692 Sq Ft
$236/Sq Ft Est. Value

Last Sold January 08, 2016

Last sale price $280,000 $104 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,857/month

111 Days on Market

Highlights

  • Gazebo
  • High Speed Internet
  • Wall to Wall Carpet
  • Tumwater Middle School Rated A-
  • Partially Fenced Property

About This Home

As of January 2016

PRICE REDUCED!!! This Tumwater Hill duplex is an excellent Investment opportunity or live in one unit with one side as income! Each unit features a bright, open and spacious floor plan, great room concept, eating bar, 3 bedroom and 2.5 bathrooms per unit. Master bedroom has walk in closet with full bath. Covered front porch, 1 car garage with second parking space. Minutes to freeways, college, shopping, and more.

Last Agent to Sell the Property

Paula Canfield

eXp Realty License #120033 Listed on: 08/28/2015

eXp Realty

Last Buyer's Agent

Deborah Townsend

Better Properties Gig Harbor License #111675

Better Properties Gig Harbor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 839897

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,479

Year Built

  • Built in 2002

Lot Details

  • 6,599 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,692 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Tumwater Hill Elementary School
  • Tumwater Mid Middle School
  • A G West Black Hills High School

Additional Features

  • Gazebo
  • High Speed Internet

Community Details

  • Tumwater Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8060600200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,479

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2002
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2692
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 453

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • 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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Tumwater
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 2400

Schools

  • Junior High Dist: Tumwater
  • High School: A G West Black Hills
  • Middle Or Junior School: Tumwater Mid

Lot Info

  • Parcel Number: 8060600200
  • Lot Size Acres: 0.1515
  • Lot Size Sq Ft: 6599
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2150

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 17081
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 2692
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 10

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3479

MLS Schools

  • Elementary School: Tumwater Hill Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Jan 5, 2016
Sold by
Sadian David
Bought by
Ahlblad Sheryl and Ahlblad Bjorn B
Seller's Agent
Paula Canfield
eXp Realty
Buyer's Agent
Deborah Townsend
Better Properties Gig Harbor
List Price
$325,000
Sold Price
$280,000
Premium/Discount to List
-$45,000
-13.85%
Current Estimated Value
$612,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,956
Avg. Annual Appreciation
9.22%

Purchase Details

Closed on
May 4, 2007
Sold by
Sadian Teresa L
Bought by
Sadian David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,600
Interest Rate
6.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 7, 2005
Sold by
Donaldson Anita
Bought by
Sadian David

Purchase Details

Closed on
Jan 26, 2005
Sold by
Opitz Equity Co Llc
Bought by
Donaldson Anita

Purchase Details

Closed on
Jan 9, 2003
Sold by
Opitz Michael and Opitz Katharine
Bought by
Opitz Equity Co Llc

Purchase Details

Closed on
Oct 10, 2002
Sold by
Trans Northwest Construction Inc
Bought by
Opitz Michael and Opitz Katharine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2001
Sold by
Corbin James C
Bought by
Kelley Frank D and Puentes Perfecto R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back
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
Ahlblad Sheryl $279,719 Chicago Title Company
Sadian David -- Stewart Title Western Wa Inc
Sadian David -- Chicago Title Insurance Co
Donaldson Anita $301,000 Chicago Title Co
Opitz Equity Co Llc -- Chicago Title Company
Opitz Michael -- Chicago Title Company
Kelley Frank D -- Thurston County Title Co
Puentes Perfecto R -- Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sadian David $156,600
Previous Owner Opitz Michael $174,400
Previous Owner Kelley Frank D $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2016 01/08/16 Sold $280,000 -13.8% $104 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $325,000 -- $121 / 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 $6,016 $611,200 $252,200 $359,000
2023 $6,016 $601,200 $237,100 $364,100
2022 $4,731 $548,200 $217,200 $331,000
2021 $5,183 $402,000 $135,500 $266,500
2020 $3,970 $404,100 $97,700 $306,400
2019 $4,220 $299,900 $109,100 $190,800
2018 $4,237 $328,300 $107,200 $221,100
2017 $3,714 $283,050 $56,250 $226,800
2016 $3,479 $248,200 $55,800 $192,400
2014 -- $255,400 $59,100 $196,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 839897

Northwest Multiple Listing Service (NWMLS)

APN: 80606000200