NOT LISTED FOR SALE

Estimated Value: $601,000 - $724,407

4 Beds
2 Baths
2,493 Sq Ft
$265/Sq Ft Est. Value

Last Sold June 12, 2018

Last sale price $437,000 $175 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,877/month

3 Days on Market

Highlights

  • Deck
  • Patio
  • Wall to Wall Carpet
  • Lincoln Elementary School Rated A-
  • Wood Siding

About This Home

As of June 2018

Outstanding Investment Opportunity! Well maintained duplex with attached 315 SF office/bonus room or potential 3rd unit. Walking distance to downtown core and Capital. Each unit is 2 bed, 1 bath with full kitchen and W/D in each unit. Courtyard is fenced and serves as common space. Completely updated systems, heat pumps, windows, wiring, plumbing, insulation. Duplex has functioned as Air Bnb for many years and is available fully furnished as turn key business. (See comm listing MLS # xxxxxxx)

Last Listed By

Jessica Liederbach

RE/MAX Advantage License #71251 Listed on: 05/11/2018

RE/MAX Advantage

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1291007

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,114

Year Built

  • Built in 1924

Lot Details

  • 3,000

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,493 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

  • Lincolnelem Elementary School
  • Wash Mid Middle School
  • Olympia High School

Additional Features

  • 3,000 Sq Ft Lot
  • Heat Pump System

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 78503900102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,114

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1924
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2493
  • Special Features: None
  • Cumulative Days on Market: 270

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 78503900102
  • Lot Size Acres: 0.0689
  • Lot Size Sq Ft: 3000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Gas Available,Patio
  • MLSLotSizeSource: County
  • ZoningClass: Commercial,Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

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

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3114

Multi Family

  • Number Of Units Total: 6
  • Leasable Area: 2493
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: LincolnElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2018
Closed on
Jun 7, 2018
Sold by
Shapiro Debra
Bought by
Rath Timothy A
Seller's Agent
Jessica Liederbach
RE/MAX Advantage
List Price
$439,000
Sold Price
$437,000
Premium/Discount to List
-$2,000
-0.46%
Total Days on Market
3
Current Estimated Value
$661,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,602
Avg. Annual Appreciation
6.12%

Purchase Details

Closed on
Jul 3, 2007
Sold by
Anderson Mardona M
Bought by
Shapiro Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,800
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2006
Sold by
Ward Sterling Matthew and Ward Bernadette
Bought by
Anderson Mardona M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,800
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 19, 2005
Sold by
Johansen Kelsey N
Bought by
Ward Sterling Matthew and Ward Bernadette

Purchase Details

Closed on
Feb 20, 2002
Sold by
Johansen Kelsey N
Bought by
Johansen Kelsey N and Ward Sterling Matthew
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
Rath Timothy A $436,719 First American Title Ins Co
Shapiro Debra $355,955 Thurston County Title
Anderson Mardona M $328,000 Pioneer Title Company
Ward Sterling Matthew -- --
Johansen Kelsey N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shapiro Debra $284,800
Previous Owner Anderson Mardona M $32,800
Previous Owner Anderson Mardona M $262,400
Previous Owner Ward Sterling Matthew $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2018 06/12/18 Sold $437,000 -0.5% $175 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $439,000 -- $176 / 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 $4,376 $621,900 $271,600 $350,300
2023 $4,376 $418,200 $113,100 $305,100
2022 $4,238 $427,600 $115,700 $311,900
2021 $4,819 $354,600 $80,500 $274,100
2020 $3,753 $373,200 $77,100 $296,100
2019 $3,389 $283,400 $72,500 $210,900
2018 $3,115 $231,200 $59,500 $171,700
2017 $2,676 $213,950 $34,650 $179,300
2016 $1,844 $176,750 $45,550 $131,200
2014 -- $147,150 $48,050 $99,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1291007

Northwest Multiple Listing Service (NWMLS)

APN: 78503900102