NOT LISTED FOR SALE

8010 N Bicentennial Loop SE Lacey, WA 98503

Estimated Value: $585,443 - $690,000

6 Beds
2 Baths
2,292 Sq Ft
$271/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $380,000 $166 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,937/month

12 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Open Space
  • Wood Siding
  • 1-Story Property

About This Home

As of October 2019

Here is your opportunity to begin or add to your rental property portfolio with a cash flowing property. 3bdrm/1.25ba Units w/ 1 car garage with fenced back yards! Unit B is completely updated. Unit A is rented under market value. Great history, no vacancy aside for updating unit B. Unit A needs to be updated, list price is set accordingly. Sold as-is, seller will not complete repairs. Showings only with mutually accepted offer for tenant's privacy. 6.5% Cap rate!

Rachel Taylor

Pettit Realty LLC License #26373 Listed on: 08/14/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1502038

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,773

Year Built

  • Built in 1984

Lot Details

  • 0.38 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

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

Interior Spaces

  • 2,292 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 34570006700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,773

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1984
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2292
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 280

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Heat Pump, Laminate Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Open Space
  • View: No
  • 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
  • Security: FullyFenced
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 1320

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Multi-Family

Schools

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

Lot Info

  • Parcel Number: 34570006700
  • Lot Size Acres: 0.3751
  • Lot Size Sq Ft: 16339
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Multi Family

  • Gross Scheduled Income: 28200
  • Net Operating Income: 23507
  • Number Of Units Total: 2
  • Insurance Expense: 565
  • Leasable Area: 2292
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2773

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 30, 2019
Sold by
Smith Ronni and Simone Smith C
Bought by
Smith C Simone
Buyer's Agent
Frances Rowley
Pettit Realty LLC
List Price
$380,000
Sold Price
$380,000
Total Days on Market
12
Current Estimated Value
$620,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,611
Avg. Annual Appreciation
9.18%
Original Mortgage
$187,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 24, 2019
Sold by
Bullinger Kassandra and Bullinger Luke
Bought by
Smith C Simone
Buyer's Agent
Frances Rowley
Pettit Realty LLC
List Price
$380,000
Sold Price
$380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2016
Closed on
May 16, 2016
Sold by
Oster Michael W
Bought by
Bullinger Kassandra and Bullinger Luke
Seller's Agent
Bird Bethje
Riley Jackson Real Estate Inc.
List Price
$225,000
Sold Price
$217,500
Premium/Discount to List
-$7,500
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.01%
Original Mortgage
$177,480
Interest Rate
3.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 25, 2003
Sold by
Oster Milton L and Oster Chom Suk
Bought by
Oster Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Similar Home in the area

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    • 2 Baths
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    Section Image

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
Smith C Simone -- Fatco
Smith C Simone $380,000 Fatco
Bullinger Kassandra $217,219 Thurston County Title
Oster Michael W $150,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith C Simone $228,000
Closed Smith C Simone $187,500
Previous Owner Bullinger Luke $177,000
Previous Owner Bullinger Kassandra $177,480
Previous Owner Oster Michael W $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Sold $380,000 0.0% $166 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $380,000 0.0% $166 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $380,000 +74.7% $166 / Sq Ft
05/20/2016 05/20/16 Sold $217,500 -3.3% $95 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $225,000 -- $98 / 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 $5,437 $569,600 $242,500 $327,100
2023 $5,437 $562,600 $209,200 $353,400
2022 $4,059 $435,700 $145,700 $290,000
2021 $4,392 $344,100 $108,200 $235,900
2020 $3,282 $335,700 $84,200 $251,500
2019 $2,773 $254,200 $99,100 $155,100
2018 $3,520 $245,200 $85,000 $160,200
2017 $2,911 $210,000 $52,900 $157,100
2016 $2,404 $191,650 $53,950 $137,700
2014 -- $168,750 $53,950 $114,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1502038

Northwest Multiple Listing Service (NWMLS)

APN: 34570006700