NOT LISTED FOR SALE

7638 Stable Ct SE Unit A & B Olympia, WA 98501

Estimated Value: $564,000 - $612,000

4 Beds
2 Baths
2,138 Sq Ft
$273/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $525,000 $246 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,596/month

14 Days on Market

Highlights

  • Spa
  • Territorial View
  • Wood Siding
  • Peter G. Schmidt Elementary School Rated A-
  • Cul-De-Sac
  • Wall to Wall Carpet

About This Home

As of September 2022

Excellent investment opportunity for owner occupied or straight rental. This great duplex sits on 1/3 of an acre in a quiet cul-de-sac/dead end neighborhood. Each unit features a townhouse floorplan w/2 BR & 1.5 bath plus a W/D hook-up. Your tenants will love the double closets in the primary, updated paint throughout & off-street parking, including an xtra large 1-car garage great for additional storage. Unit B’s bathroom was recently updated & is currently vacant for viewing. Current tenants are on month-to-month lease. All appliances stay (w/d are tenant owned). Owner pays for water at about $45/month total. Tenant responsible for garbage, electricity & cable TV/Internet. Excellent school district and close to amenities.

Last Agent to Sell the Property

Phil Mondau

Mondau Real Estate License #22005792 Listed on: 08/04/2022

Last Buyer's Agent

Alex Gardner

Van Dorm Realty, Inc License #124157

Van Dorm Realty, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1978044

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,036

Year Built

  • Built in 1980

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in average condition

HOA Fees

  • $14 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,138 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Pool

  • Spa

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Bush Prairie Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37960000900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,036

Year Built

Built in 1980

Lot Details

0

HOA Fees

$14 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
  • New Construction: No
  • CalculatedSquareFootage: 2138
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 316

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • 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: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Tumwater
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 540

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 14
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Tumwater
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 37960000900
  • Lot Size Acres: 0.3094
  • Lot Size Sq Ft: 13479
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Hot Tub/Spa,Shop
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.86
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 35024
  • Number Of Units Total: 2
  • Leasable Area: 2138
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4036

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Martincello Thomas
Bought by
Zeeks Properties Llc
Total Days on Market
14
Current Estimated Value
$583,668

Purchase Details

Listed on
Aug 4, 2022
Closed on
Sep 19, 2022
Sold by
Yusko Cary F and Yusko Ann F
Bought by
Martincello Thomas
Seller's Agent
Phil Mondau
Mondau Real Estate
Buyer's Agent
Alex Gardner
Van Dorm Realty, Inc
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.95%
Original Mortgage
$525,000
Interest Rate
5.13%
Mortgage Type
VA

Purchase Details

Listed on
Aug 4, 2022
Closed on
Aug 27, 2022
Sold by
Jean Martincello
Bought by
Martincello Thomas
Seller's Agent
Phil Mondau
Mondau Real Estate
Buyer's Agent
Alex Gardner
Van Dorm Realty, Inc
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.13%
Mortgage Type
VA

Purchase Details

Closed on
Dec 14, 2010
Sold by
Yusko Michael C
Bought by
Yusko Michael C and Yusko Ann F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,800
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2003
Sold by
Hargrave Bruce J
Bought by
Yusko Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2001
Sold by
Roche Roderick M
Bought by
Hargrave Bruce J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 1999
Sold by
Hargrave Patricia
Bought by
Hargrave Bruce

Purchase Details

Closed on
May 11, 1998
Sold by
Roche Diane J
Bought by
Roche Roderick M
Source: Public Records

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Range of Values:

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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
Zeeks Properties Llc -- None Listed On Document
Martincello Thomas $525,000 Wfg National Title Company Of
Martincello Thomas -- Wfg National Title Company Of
Yusko Michael C -- Chicago Title Company
Yusko Michael C $150,000 Stewart Title Of Wester
Yusko Michael C -- Stewart Title Of Wester
Hargrave Bruce J -- Thurston County Title Co
Hargrave Bruce -- --
Roche Roderick M -- Transnation Title Insurance
Hargrave Bruce J -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martincello Thomas $525,000
Previous Owner Yusko Cary $143,000
Previous Owner Yusko Michael C $16,800
Previous Owner Yusko Michael C $140,000
Previous Owner Yusko Michael C $135,000
Previous Owner Hargrave Bruce J $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $525,000 -4.4% $246 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $549,000 -- $257 / 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 $4,483 $508,800 $252,200 $256,600
2023 $4,483 $447,800 $187,300 $260,500
2022 $4,036 $431,000 $196,200 $234,800
2021 $4,072 $342,800 $153,000 $189,800
2020 $3,589 $317,300 $99,500 $217,800
2019 $4,904 $271,100 $135,000 $136,100
2018 $3,226 $249,900 $109,500 $140,400
2017 $2,930 $223,150 $87,050 $136,100
2016 $2,668 $198,350 $75,150 $123,200
2014 -- $188,150 $79,550 $108,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1978044

Northwest Multiple Listing Service (NWMLS)

APN: 37960000900