Listed by Seattle Works Real Estate, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

Estimated Value: $428,000 - $520,000

2 Beds
2 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold March 03, 2017

Last sale price $252,000

Est. 89% increase in value since last sale

Current estimated payment $2,892/month

7 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • 1-Story Property
  • Reeves Middle School Rated A-
  • Partially Fenced Property

About This Home

As of March 2017

Beautiful and classic duplex near Capitol Campus, Downtown, and near bus lines with easy access to JBLM! Inside you'll find coved ceilings while outdoors, a large back yard with a patio make these very desirable rentals! Each unit has 1 car garage for with additional storage. Rent one side and live in the other! Never any trouble finding renters!

Last Agent to Sell the Property

Margaret Hollins

Seattle Works Real Estate License #123416 Listed on: 01/02/2017

Last Buyer's Agent

Elizabeth Foster

Windermere Prof Partners License #117633

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1061741

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,091

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Madison Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Additional Features

  • 1-Story Property
  • Patio
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43400000500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,091

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1956
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 372

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: Lott
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 300

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Reeves Mid

Lot Info

  • Parcel Number: 43400000500
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Tax Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

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

Multi Family

  • Gross Scheduled Income: 16800
  • Number Of Units Total: 6
  • Insurance Expense: 600
  • Leasable Area: 1398
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2091

MLS Schools

  • Elementary School: Madison Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2017
Closed on
Feb 13, 2017
Sold by
Lewis Kanchana
Bought by
Foster Christine M
Seller's Agent
Margaret Hollins
Seattle Works Real Estate
Buyer's Agent
Elizabeth Foster
Windermere Prof Partners
List Price
$250,000
Sold Price
$252,000
Premium/Discount to List
$2,000
0.8%
Current Estimated Value
$475,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,293
Avg. Annual Appreciation
8.28%
Original Mortgage
$230,743
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 2007
Sold by
Vu Thanh
Bought by
Lewis Kanchana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 1, 1986
Sold by
Shay Jon Mervin
Bought by
Vu Thanh
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
Foster Christine M $234,719 Stewart Title Company
Lewis Kanchana $215,000 First American Title
Vu Thanh -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Christine $224,500
Closed Foster Christine M $75,000
Closed Foster Christine M $230,743
Previous Owner Lewis Kanchana $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $252,000 +0.8% --
01/14/2017 01/14/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $250,000 -- --
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 $3,693 $430,800 $271,600 $159,200
2023 $3,693 $352,800 $215,000 $137,800
2022 $3,657 $375,200 $230,100 $145,100
2021 $3,228 $305,800 $178,300 $127,500
2020 $3,347 $249,800 $105,700 $144,100
2019 $2,765 $252,700 $148,800 $103,900
2018 $2,876 $213,400 $112,900 $100,500
2017 $2,287 $182,700 $78,800 $103,900
2016 $1,894 $172,000 $90,500 $81,500
2014 -- $151,100 $95,500 $55,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1061741

Northwest Multiple Listing Service (NWMLS)

APN: 43400000500