NOT LISTED FOR SALE

8149 N Bicentennial Loop SE Lacey, WA 98503

Estimated Value: $508,000 - $540,000

4 Beds
2 Baths
1,920 Sq Ft
$271/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $355,000 $185 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,170/month

4 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • 1-Story Property
  • Patio
  • Wall to Wall Carpet

About This Home

As of April 2020

Investors!! Amazing opportunity to own an income producing duplex located on an extra large corner lot. Each side includes 2 bedrooms, 1 bath, fireplace, and attached garage. Close to I-5 access, JBLM, shopping, and schools.

Last Agent to Sell the Property

Mark Ellis

eXp Realty License #22033591 Listed on: 03/05/2020

eXp Realty

Last Buyer's Agent

Todd McAntosh

eXp Commercial, LLC License #21032903

eXp Commercial, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1573258

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1978

Lot Details

  • 0.4 Acre Lot
  • Corner Lot
  • Property is in average condition

HOA Fees

  • $12 Monthly HOA Fees

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Bicentennial Addition Condos
  • Hawks Prairie Subdivision

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 34570007400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,538

Year Built

Built in 1978

Lot Details

0

HOA Fees

$12 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bicentennial Addition
  • New Construction: No
  • CalculatedSquareFootage: 1920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 272

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • 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: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 690

Condo/Co-op/Association

  • Association Fee: 148
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 34570007400
  • Lot Size Acres: 0.3963
  • Lot Size Sq Ft: 17263
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 74

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2325

Multi Family

  • Gross Scheduled Income: 27900
  • Net Operating Income: 24051
  • Number Of Units Total: 2
  • Leasable Area: 1920
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2538

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 29, 2020
Sold by
Thomas Leela and Leela Thomas Trust
Bought by
Harrington Joseph Alan
Seller's Agent
Mark Ellis
eXp Realty
Buyer's Agent
Todd McAntosh
eXp Commercial, LLC
List Price
$340,000
Sold Price
$355,000
Premium/Discount to List
$15,000
4.41%
Total Days on Market
4
Current Estimated Value
$520,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,453
Avg. Annual Appreciation
8.33%
Original Mortgage
$301,750
Outstanding Balance
$271,680
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$261,470

Purchase Details

Closed on
Dec 20, 2000
Sold by
Thomas Leela
Bought by
Thomas Leela and The Leela Thomas Trust

Purchase Details

Closed on
Apr 19, 1999
Sold by
Thomas Leela S
Bought by
Thomas Leela S
Source: Public Records

Similar Home in the area

  • 4722 Carpenter Rd SE, Olympia, WA 98513

    $550,000

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 4722 Carpenter Rd SE
    • Olympia, WA

    Fantastic duplex ready for owner occupant or investor! One side has been thoroughly remodeled and is ready for occupancy. Fresh paint, new flooring, new cabinets/countertops, new tub/shower, mini-split and more. This duplex is the perfect kind of long term real estate investment, units are always rented, vacancy is low. The garages divide the units for noise privacy. Washer/dryer hookup are in

    Phil Harlan Keller Williams South Sound

    Section Image

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
Harrington Joseph Alan $355,000 Stewart Title
Thomas Leela -- --
Thomas Leela S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrington Joseph Alan $301,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $355,000 +4.4% $185 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $340,000 -- $177 / 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 $4,757 $483,900 $242,500 $241,400
2023 $4,757 $492,400 $211,500 $280,900
2022 $3,554 $380,700 $148,700 $232,000
2021 $3,762 $301,400 $112,100 $189,300
2020 $3,058 $285,900 $84,500 $201,400
2019 $2,539 $236,500 $100,900 $135,600
2018 $2,937 $202,900 $85,900 $117,000
2017 $2,407 $171,150 $54,550 $116,600
2016 $2,087 $173,000 $55,000 $118,000
2014 -- $144,800 $55,000 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1573258

Northwest Multiple Listing Service (NWMLS)

APN: 34570007400