Listed by Virgil Adams Real Estate, Inc., Bought with eXp Realty
$456,840
SOLD SEP 25, 2024

8548 Pacific Ave SE Olympia, WA 98513

Meadows Neighborhood
-- Bed
-- Bath
1,330 Sq Ft
1.97 Acres

Recently Sold

$343 Per Sq Ft

2% Above List Price

37 Days on Market

Highlights

  • 1.97 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Deck
  • Patio
  • 4-minute walk to Freestone Station Park

About This Home

As of September 2024

Affordable, well-maintained, multi unit home located on a private 1.97 acres close to shopping, schools, JBLM and I-5! Property is located at the end of the driveway and provides a gorgeous fully fenced private setting. Both long term tenants (both moved in, in 2018), are currently on month to month leases. Seller pays water, sewer (well & septic), power and cable / internet. Lots of potential for an owner occupied settings or growth with rents. Property is currently professionally managed with a local management company.

Last Agent to Sell the Property

Paul Oczkewicz

Virgil Adams Real Estate, Inc. License #47964 Listed on: 07/10/2024

Last Buyer's Agent

Jillian West

eXp Realty License #21009040

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2262925

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,867

Year Built

  • Built in 1978

Lot Details

  • 1.97 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,330 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Seven Oaks Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11824220201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,867

Year Built

Built in 1978

Lot Details

0

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
  • New Construction: No
  • CalculatedSquareFootage: 1330
  • Special Features: None
  • Cumulative Days on Market: 272

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: septic
  • WaterCompany: well
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 11824220201
  • Lot Size Acres: 1.9669
  • Lot Size Sq Ft: 85680
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.54
  • LeasedItems: None
  • TotalMonthlyIncome: 2770

Multi Family

  • Gross Scheduled Income: 33240
  • Net Operating Income: 21663
  • Number Of Units Total: 2
  • Electric Expense: 3000
  • Insurance Expense: 960
  • Leasable Area: 1330
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3867

MLS Schools

  • Elementary School: Seven Oaks Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Sep 16, 2024
Sold by
Youngberg Laurel Janice and Weeks Laurel Janice
Bought by
Mccracken Matthew Wayne
Seller's Agent
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
Buyer's Agent
Jillian West
eXp Realty
List Price
$450,000
Sold Price
$456,840
Premium/Discount to List
$6,840
1.52%
Total Days on Market
37
Views
25
Current Estimated Value
$475,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,867
Avg. Annual Appreciation
6.04%
Original Mortgage
$448,564
Outstanding Balance
$445,673
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$30,034

Purchase Details

Closed on
Nov 21, 2002
Sold by
Conlee Donna M
Bought by
Youngberg Laurel Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
5.89%
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 Type Sale Price Title Company
Warranty Deed $456,840 Chicago Title
Warranty Deed $124,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $448,564 FHA
Previous Owner $89,325 New Conventional
Previous Owner $99,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $456,840 +1.5% $343 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/03/2024 08/03/24 For Sale $450,000 0.0% $338 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $450,000 -- $338 / 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 $3,866 $397,200 $213,500 $183,700
2023 $3,866 $385,600 $206,400 $179,200
2022 $3,814 $336,400 $127,100 $209,300
2021 $3,483 $312,200 $160,200 $152,000
2020 $3,483 $264,900 $144,000 $120,900
2019 $3,080 $273,100 $154,400 $118,700
2018 $3,412 $239,200 $131,500 $107,700
2017 $2,765 $199,850 $86,450 $113,400
2016 $2,589 $190,000 $90,100 $99,900
2014 -- $183,550 $86,750 $96,800
Source: Public Records

Agents Affiliated with this Home

  • Paul Oczkewicz

    Seller's Agent in 2024

    Paul Oczkewicz

    Virgil Adams Real Estate, Inc.

    (360) 701-5278

    6 in this area

    223 Total Sales

    Paul Oczkewicz
    Section Image
  • Jillian West

    Buyer's Agent in 2024

    Jillian West

    eXp Realty

    (360) 388-5959

    3 in this area

    36 Total Sales

    Jillian West
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2262925

Northwest Multiple Listing Service (NWMLS)

APN: 11824220201

Washington Thurston County Olympia 98513 Meadows

8548 Pacific Ave SE, Olympia, WA

This home is located at 8548 Pacific Ave SE, Olympia, WA 98513 and is currently priced at $456,840, approximately $343 per square foot. This property was built in 1978. 8548 Pacific Ave SE is a home located in Thurston County with nearby schools including Seven Oaks Elementary School, Nisqually Middle School, and River Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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