NOT LISTED FOR SALE

Estimated Value: $523,000 - $706,000

4 Beds
2 Baths
2,158 Sq Ft
$275/Sq Ft Est. Value

Last Sold April 21, 2018

Last sale price $307,000 $142 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,555/month

9 Days on Market

Highlights

  • Bay View
  • Thermal Windows
  • Wall to Wall Carpet
  • Reeves Middle School Rated A-
  • Wood Siding
  • 5-minute walk to East Bay Waterfront Park

About This Home

As of April 2018

Great location close to downtown. Currently a duplex zoned General Commercial. 2 Bedroom 1 Bath units. Lots of possibilities here. Alley has room for 4 car plus street parking. View of Capitol and Budd Inlet. Good rental history. Rents are low as they are good tenants. Updated electrical service, repoured front steps, vinyl windows includes shared washer/dryer.

Last Agent to Sell the Property

Lisa Quaade

Vanguard Realty License #38431 Listed on: 03/04/2018

Last Buyer's Agent

Kasim Siddiqui

Lotside License #21033705

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1252956

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,091

Year Built

  • Built in 1913

Lot Details

  • 6,300 Sq Ft Lot

Property Views

  • Bay
  • City
  • Mountain

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,158 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

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

Community Details

  • Eastside Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78202800900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,091

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1913
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2158
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 277

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s)
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 2402

Schools

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

Lot Info

  • Parcel Number: 78202800900
  • Lot Size Acres: 0.1446
  • Lot Size Sq Ft: 6300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1945

Multi Family

  • Gross Scheduled Income: 22810
  • Net Operating Income: 17061
  • Number Of Units Total: 2
  • Insurance Expense: 560
  • Leasable Area: 2158
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2091

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2018
Closed on
Apr 18, 2018
Sold by
Mullbock Harold E and Mullbock Beverly J
Bought by
Walter Debra and Mazepa Stephen
Seller's Agent
Lisa Quaade
Vanguard Realty
Buyer's Agent
Kasim Siddiqui
Lotside
List Price
$299,900
Sold Price
$307,000
Premium/Discount to List
$7,100
2.37%
Total Days on Market
9
Current Estimated Value
$593,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,832
Avg. Annual Appreciation
9.46%
Original Mortgage
$230,250
Outstanding Balance
$200,620
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$383,293

Purchase Details

Closed on
Feb 14, 2005
Sold by
Lamb Edward J
Bought by
Mullbock Harold E and Mullbock Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.81%
Mortgage Type
Unknown
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 Buyer Sale Price Title Company
Walter Debra $306,719 Stewart Title Co
Mullbock Harold E $230,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Debra $230,250
Previous Owner Mullbock Harold E $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2018 04/21/18 Sold $307,000 +2.4% $142 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
03/04/2018 03/04/18 For Sale $299,900 -- $139 / 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 $4,840 $561,600 $271,600 $290,000
2023 $4,840 $462,700 $208,000 $254,700
2022 $4,634 $479,000 $216,300 $262,700
2021 $4,765 $387,800 $156,700 $231,100
2020 $4,289 $369,000 $105,900 $263,100
2019 $3,716 $324,000 $137,100 $186,900
2018 $2,932 $217,600 $92,900 $124,700
2017 $2,091 $167,000 $54,500 $112,500
2016 $1,404 $136,450 $56,050 $80,400
2014 -- $111,850 $59,150 $52,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1252956

Northwest Multiple Listing Service (NWMLS)

APN: 78202800900