NOT LISTED FOR SALE

7637 Stable Ct SE Unit A & B Olympia, WA 98501

Estimated Value: $497,063 - $579,000

4 Beds
2 Baths
1,824 Sq Ft
$289/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $275,000 $151 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,259/month

8 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Patio
  • Peter G. Schmidt Elementary School Rated A-
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

As of December 2017

Well maintained duplex units in Bush Prairie, with good access to State Office buildings and I-5. Rents appear to be below market for area. Spacious Master BR with additional vanity and double closet. Nice size eating space in kitchen with slider to patio off side yard.

Co-Listed By

Michelle Mewhinney-Angel

Windermere Real Estate Olympia License #27146

Windermere Real Estate Olympia

Last Buyer's Agent

Mark Hughes

eXp Realty License #117077

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1207307

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,081

Year Built

  • Built in 1980

Lot Details

  • 0.38 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

HOA Fees

  • $1 per month

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Bush Prairie Condos
  • Bush Prairie Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 37960002200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,081

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bush Prairie
  • New Construction: No
  • CalculatedSquareFootage: 1824
  • Special Features: None
  • Cumulative Days on Market: 319

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Tumwater
  • WaterSewerGarbage: 444

Condo/Co-op/Association

  • Association Fee: 15
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tumwater

Lot Info

  • Parcel Number: 37960002200
  • Lot Size Acres: 0.3792
  • Lot Size Sq Ft: 16516
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 22

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1655

Multi Family

  • Gross Scheduled Income: 19680
  • Net Operating Income: 15337
  • Number Of Units Total: 6
  • Insurance Expense: 658
  • Leasable Area: 1824
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Brighton Enterprises Inc
Bought by
Stable Court Llc
Current Estimated Value
$527,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,150
Outstanding Balance
$406,724
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$120,292

Purchase Details

Listed on
Oct 16, 2017
Closed on
Dec 6, 2017
Sold by
Adams Properties Llc
Bought by
Brington Enterprises Inc
Buyer's Agent
Mark Hughes
eXp Realty
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$206,250
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2007
Sold by
Tokarczyk Adams Jill
Bought by
Adams Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stable Court Llc -- None Listed On Document
Brington Enterprises Inc $274,719 Chicago Title Co Of Washingt
Adams Properties Llc -- None Available
Tokarczyk Adams Jill -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stable Court Llc $408,150
Previous Owner Brington Enterprises Inc $206,250
Previous Owner Adams Properties Llc $139,000
Previous Owner Adams Properties Llc $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $275,000 -3.5% $151 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
10/16/2017 10/16/17 For Sale $285,000 -- $156 / 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 $4,179 $477,300 $252,200 $225,100
2023 $4,179 $417,300 $188,700 $228,600
2022 $4,042 $417,600 $207,600 $210,000
2021 $3,778 $343,300 $173,600 $169,700
2020 $3,539 $294,300 $100,500 $193,800
2019 $3,363 $267,300 $145,900 $121,400
2018 $3,256 $252,200 $110,000 $142,200
2017 $3,081 $234,700 $96,900 $137,800
2016 $2,560 $189,100 $78,000 $111,100
2014 -- $180,100 $82,600 $97,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1207307

Northwest Multiple Listing Service (NWMLS)

APN: 37960002200