Listed by RE/MAX Northwest, Bought with Richard Beckman Rlty Group LLC
NOT LISTED FOR SALE

9037 Steilacoom Rd SE Unit A & B Olympia, WA 98513

Meadows Neighborhood

Estimated Value: $596,485 - $658,000

6 Beds
4 Baths
2,468 Sq Ft
$250/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $260,000 $105 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,748/month

79 Days on Market

Highlights

  • 0.53 Acre Lot
  • Deck
  • Wall to Wall Carpet
  • Meadows Elementary School Rated A-
  • Cul-De-Sac
  • 1-Story Property

About This Home

As of January 2016

Easy to rent duplex! Each side features 1234 sf, 3 bed, 1.5 baths, good sized living room and kitchen, washer/dryer hookups, free-standing wood fireplaces. Both units currently rented. Desirable location on a cul-de-sac of several duplexes, near shopping, schools, JBLM and bus lines. Unit A on one year lease through Apr 2016. Unit B leased through Feb 2016. Don’t miss this great investment opportunity!

Last Agent to Sell the Property

Susan Wise

RE/MAX Northwest License #15110 Listed on: 09/22/2015

RE/MAX Northwest

Last Buyer's Agent

Matt Mills

Richard Beckman Rlty Group LLC License #113829

Richard Beckman Rlty Group LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 849771

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,670

Year Built

  • Built in 1995

Lot Details

  • 0.53 Acre Lot
  • Cul-De-Sac

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,468 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Meadows Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11813120006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,670

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2468
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Fair
  • 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
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Lacey
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 45

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 11813120006
  • Lot Size Acres: 0.5289
  • Lot Size Sq Ft: 23039
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Assessor
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2020

Multi Family

  • Gross Scheduled Income: 24240
  • Net Operating Income: 16930
  • Number Of Units Total: 2
  • Insurance Expense: 1482
  • Leasable Area: 2468
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3670

MLS Schools

  • Elementary School: Meadows Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2015
Closed on
Jan 14, 2016
Sold by
Kahler Gregory J and Kahler Eugenia R
Bought by
Vanoutryve Dirk and Van Outryve Andrea
Seller's Agent
Susan Wise
RE/MAX Northwest
Buyer's Agent
Matt Mills
Richard Beckman Rlty Group LLC
List Price
$274,900
Sold Price
$260,000
Premium/Discount to List
-$14,900
-5.42%
Current Estimated Value
$618,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,121
Avg. Annual Appreciation
9.33%

Purchase Details

Closed on
Jul 16, 2012
Sold by
Zinc Investments Llc
Bought by
Kahler Gregory J and Kahler Eugenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,785
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2008
Sold by
Kahler Gregory J and Kahler Eugenia R
Bought by
Zinc Investments Llc

Purchase Details

Closed on
Jul 2, 2008
Sold by
Tomsinski Roman S
Bought by
Kahler Gregory J and Kahler Eugenia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,520
Interest Rate
6%
Mortgage Type
Unknown
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
Vanoutryve Dirk $259,719 Chicago Title Company
Kahler Gregory J -- Nextitle
Zinc Investments Llc -- None Available
Kahler Gregory J $319,400 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kahler Gregory J $248,785
Previous Owner Kahler Gregory J $255,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2016 01/25/16 Sold $260,000 -5.4% $105 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $274,900 -- $111 / 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 $5,651 $563,400 $247,400 $316,000
2023 $5,651 $576,200 $219,600 $356,600
2022 $5,110 $515,800 $222,500 $293,300
2021 $4,608 $426,100 $189,400 $236,700
2020 $4,971 $357,300 $92,200 $265,100
2019 $3,915 $398,200 $182,400 $215,800
2018 $4,369 $311,600 $116,700 $194,900
2017 $3,875 $287,150 $98,550 $188,600
2016 $3,670 $233,400 $85,400 $148,000
2014 -- $267,100 $93,400 $173,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 849771

Northwest Multiple Listing Service (NWMLS)

APN: 11813120006