Listed by Olympic Sotheby's Int'l Realty, Bought with Blade Realty LLC
NOT LISTED FOR SALE

Estimated Value: $604,000 - $639,000

4 Beds
2 Baths
1,848 Sq Ft
$334/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $565,000 $306 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,834/month

114 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • Wood Siding
  • Thurgood Marshall Middle School Rated A-
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of March 2023

Updated West Olympia duplex in fantastic Normandy Park community! These 2 bed, 1 bath, and 1 car garage units sit on a spacious lot in a quite community that is perfectly situated within minutes of westside amenities and downtown. Property has undergone substantial updating with a newer roof, exterior paint, double pane windows, and flooring. This property represents a very secure long term investment with increased rent potential, and very stable community and HOA. HOA dues include yard and common area maintenance. This is a rare opportunity to own one of the finest investment properties on the market today.

Last Agent to Sell the Property

John Stormans

Olympic Sotheby's Int'l Realty License #130340 Listed on: 10/07/2022

Olympic Sotheby's Int'l Realty

Last Buyer's Agent

Desiree Ley

Blade Realty LLC License #110819

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2004607

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,875

Year Built

  • Built in 1977

Lot Details

  • 9,665 Sq Ft Lot
  • Partially Fenced Property

HOA Fees

  • $96 Monthly HOA Fees

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 65240000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,875

Year Built

Built in 1977

Lot Details

0

HOA Fees

$96 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1848
  • Special Features: None
  • Cumulative Days on Market: 480

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Slab
  • 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
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 96
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 65240000100
  • Lot Size Acres: 0.2219
  • Lot Size Sq Ft: 9665
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3185

Multi Family

  • Gross Scheduled Income: 38220
  • Net Operating Income: 30345
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 1848
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2024
Sold by
Hmr Rents Llc
Bought by
Prigge Seth and Prigge Jessica
Current Estimated Value
$617,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$395,834
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$213,551

Purchase Details

Closed on
Jun 19, 2024
Sold by
Prigge Seth and Prigge Jessica
Bought by
Hmr Rents Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$395,834
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$213,551

Purchase Details

Listed on
Oct 7, 2022
Closed on
Mar 13, 2023
Sold by
Rheault Family Trust
Bought by
Prigge Seth and Prigge Jessica
Seller's Agent
John Stormans
Olympic Sotheby's Int'l Realty
Buyer's Agent
Desiree Ley
Blade Realty LLC
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%
Views
115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$265,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2017
Sold by
Bascom Properties Llc
Bought by
Rheault Jerry and Rheault Shirley

Purchase Details

Closed on
Jun 21, 2007
Sold by
Crider Donald B and Crider Saraann
Bought by
Bascom Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2001
Sold by
Normandy Park Llc
Bought by
Fijolek Bryan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
6.39%

Purchase Details

Closed on
Sep 13, 1999
Sold by
Harkey Andrews Properties
Bought by
Normandy Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
7.66%
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
Prigge Seth -- Stewart Title
Hmr Rents Llc -- None Listed On Document
Prigge Seth $565,000 Thurston County Title
Rheault Jerry $269,719 None Available
Bascom Properties Llc -- None Available
Crider Donald B $257,900 Thurston County Title
Fijolek Bryan A $141,900 Thurston County Title Co
Normandy Park Llc -- Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prigge Seth $400,000
Previous Owner Prigge Seth $265,000
Previous Owner Crider Donald B $162,000
Previous Owner Fijolek Bryan A $113,500
Previous Owner Normandy Park Llc $2,550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $565,000 -5.0% $306 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
10/07/2022 10/07/22 For Sale $595,000 -- $322 / 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 $4,787 $500,300 $271,600 $228,700
2023 $4,787 $457,600 $201,900 $255,700
2022 $3,875 $425,700 $194,700 $231,000
2021 $4,074 $324,100 $136,200 $187,900
2020 $3,810 $315,400 $105,800 $209,600
2019 $3,346 $287,700 $140,600 $147,100
2018 $3,356 $249,100 $104,400 $144,700
2017 $2,861 $228,750 $82,450 $146,300
2016 $2,297 $194,700 $70,500 $124,200
2014 -- $183,450 $79,150 $104,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2004607

Northwest Multiple Listing Service (NWMLS)

APN: 65240000100