Listed by Real Broker LLC, Bought with BMC Realty Advisors Inc
NOT LISTED FOR SALE

7435 Mullen Rd SE Unit A & B Lacey, WA 98503

The Lakes Neighborhood

Estimated Value: $558,000 - $627,686

4 Beds
2 Baths
2,016 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $580,000 $288 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,610/month

1 Day on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Baseboard Heating
  • Timberline High School Rated A-
  • Ceramic Tile Flooring
  • Property is Fully Fenced

About This Home

As of April 2023

Buy one and rent out the other! Look for your investment opportunity no longer. This freshly remodeled duplex features two; 2 bed, 1 bath, plus bonus room in unit A, full size kitchen, living area, large separate fully-fenced lots and RV parking. No surfaces untouched with this one. New paint inside and out, new flooring, cabinets, tile, trim, appliances and cedar fence. Each unit has its own septic and electrical meter. Water is shared between the two. Nestled in a beautiful community close to parks and lakes. Easy commute to the 5. Come and check it out. Professionally landscaped, back lawn seeded with new grass March 2023 will mature in April.

Last Agent to Sell the Property

Laura Krumwiede

Real Broker LLC License #115198 Listed on: 03/23/2023

Real Broker LLC

Last Buyer's Agent

Julie Patel

BMC Realty Advisors Inc License #20110959

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2047733

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,913

Year Built

  • Built in 1970

Lot Details

  • 0.3 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • 1W Plat Interlake Condos
  • Lacey Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 55650000600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,913

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 1W PLAT INTERLAKE
  • New Construction: No
  • CalculatedSquareFootage: 2016
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat, Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 1220

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 55650000600
  • Lot Size Acres: 0.3047
  • Lot Size Sq Ft: 13271
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 43200
  • Number Of Units Total: 2
  • Electric Expense: 1920
  • Insurance Expense: 1200
  • Leasable Area: 2016
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2913
  • AdditionalTaxIds: 55650000600

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 13, 2023
Sold by
Farrens Adam Jon and Farrens Anne Catherine
Bought by
Patel Javal
Seller's Agent
Laura Krumwiede
Real Broker LLC
Buyer's Agent
Julie Patel
BMC Realty Advisors Inc
List Price
$550,000
Sold Price
$580,000
Premium/Discount to List
$30,000
5.45%
Views
19
Current Estimated Value
$587,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,172
Avg. Annual Appreciation
0.51%
Original Mortgage
$435,000
Outstanding Balance
$423,910
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$163,262

Purchase Details

Closed on
Sep 8, 2022
Sold by
Hilderbrant Charles
Bought by
Farrens Adam Jon and Farrens Anne Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2001
Sold by
Hilderbrant Nancy D
Bought by
Hilderbrant Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,775
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 18, 2000
Sold by
Hilderbrant Nancy D
Bought by
Hilderbrant Charles

Purchase Details

Closed on
Jan 14, 1999
Sold by
Straatvett Sigrid
Bought by
Hilderbrant Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,132
Interest Rate
7.87%
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
Patel Javal $580,000 Chicago Title
Farrens Adam Jon -- Chicago Title
Hilderbrant Charles -- Pioneer Title Company
Hilderbrant Charles -- Thurston County Title Co
Hilderbrant Charles $99,950 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Javal $435,000
Previous Owner Farrens Adam Jon $243,750
Previous Owner Hilderbrant Charles $85,125
Previous Owner Hilderbrant Charles $80,000
Previous Owner Hilderbrant Charles $133,000
Previous Owner Hilderbrant Charles $132,000
Previous Owner Hilderbrant Charles $100,775
Previous Owner Hilderbrant Charles $99,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $580,000 +5.5% $288 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $550,000 -- $273 / 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 $5,220 $520,700 $247,400 $273,300
2023 $5,220 $408,700 $208,100 $200,600
2022 $2,814 $305,700 $140,100 $165,600
2021 $3,082 $241,600 $100,400 $141,200
2020 $2,896 $246,600 $90,600 $156,000
2019 $2,158 $240,700 $111,000 $129,700
2018 $2,630 $195,800 $75,100 $120,700
2017 $2,097 $164,250 $46,750 $117,500
2016 $1,893 $159,350 $60,250 $99,100
2014 -- $144,550 $65,950 $78,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2047733

Northwest Multiple Listing Service (NWMLS)

APN: 55650000600