Listed by Realty One Group Bold, Bought with Realty One Group Bold
NOT LISTED FOR SALE

615 School St SE Unit AB Lacey, WA 98503

Tanglewilde Neighborhood

Estimated Value: $673,000 - $739,000

6 Beds
4 Baths
2,600 Sq Ft
$273/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $680,000 $262 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,294/month

50 Days on Market

Highlights

  • 0.56 Acre Lot
  • Patio
  • Wood Siding
  • No HOA
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of February 2024

Investor's dream property! This duplex with 3 bedrooms, 1.5 baths and a 1 car garage on each mirrored side is ready for you and your future tenants. Many upgrades were just completed to include new flooring, fresh paint, lighting upgrades, new insulation, crawl space upgrades and more. Large lot (.55ac) with septic system and separately metered utilities. Historically has had long term residents with monthly rents of $1850/month and 5.5% cap rate. Newer roof and appliances. Don't miss out on this investment opportunity that is move-in ready. First time investors live in one side and rent out the other to start your investment portfolio. Schedule your private viewing today!

Last Agent to Sell the Property

Tracie Choate

Realty One Group Bold License #27325 Listed on: 11/30/2023

Realty One Group Bold

Last Buyer's Agent

Anthony Scruggs

Realty One Group Bold License #115134

Realty One Group Bold

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2183122

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,630

Year Built

  • Built in 1996

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 83'x294'
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Lydia Hawk Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mcgimpsey Estates Condos
  • Hawks Prairie Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 64200000800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,630

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mcgimpsey Estates
  • New Construction: No
  • CalculatedSquareFootage: 2600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

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: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Thurston County PUD
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 64200000800
  • Lot Size Acres: 0.5587
  • Lot Size: 83'x294'
  • Lot Size Sq Ft: 24335
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 8

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5630

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 125
  • Insurance Expense: 1025
  • Leasable Area: 2600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Lydia Hawk Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Feb 5, 2024
Sold by
Yerkes Steven C
Bought by
Scruggs Anthony Allen and Williams Valerie
Seller's Agent
Tracie Choate
Realty One Group Bold
Buyer's Agent
Anthony Scruggs
Realty One Group Bold
List Price
$670,000
Sold Price
$680,000
Premium/Discount to List
$10,000
1.49%
Views
30
Current Estimated Value
$709,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,583
Avg. Annual Appreciation
2.24%
Original Mortgage
$657,305
Outstanding Balance
$648,864
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$55,714

Purchase Details

Closed on
Oct 29, 2001
Sold by
Moats Richard H and Moats Elva L
Bought by
Yerkes Lutgarda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,592
Interest Rate
6.84%

Purchase Details

Closed on
Feb 19, 1999
Sold by
Moats Richard H and Moats Elva I
Bought by
Moats Richard H and Moats Elva I

Purchase Details

Closed on
May 11, 1996
Sold by
Moats Richard L and Moats Bernadette S
Bought by
Moats Richard H and Moats Elva I
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
Scruggs Anthony Allen $680,000 Chicago Title
Yerkes Lutgarda R $173,239 Chicago Title Insurance Comp
Moats Richard H -- --
Moats Richard H -- Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scruggs Anthony Allen $657,305
Previous Owner Yerkes Lutgarda R $138,820
Previous Owner Yerkes Lutgarda R $138,592
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $680,000 +1.5% $262 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
11/30/2023 11/30/23 For Sale $670,000 -- $258 / 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 $6,167 $541,800 $242,500 $299,300
2023 $6,167 $624,200 $275,300 $348,900
2022 $5,671 $563,800 $278,000 $285,800
2021 $4,422 $469,600 $233,200 $236,400
2020 $4,438 $338,100 $84,800 $253,300
2019 $3,628 $349,800 $146,000 $203,800
2018 $3,968 $278,300 $103,900 $174,400
2017 $3,563 $260,150 $81,350 $178,800
2016 $3,209 $237,700 $70,500 $167,200
2014 -- $229,500 $70,500 $159,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2183122

Northwest Multiple Listing Service (NWMLS)

APN: 64200000800