Listed by RE/MAX Advantage, Bought with Real Broker LLC
$206,000
SOLD AUG 7, 2024

9123 Old Highway 99 SE Olympia, WA 98501

2 Beds
1.5 Baths
1,184 Sq Ft
1.04 Acres

Recently Sold

$174 Per Sq Ft

18% Below List Price

58 Days on Market

Highlights

  • Fruit Trees
  • Wood Burning Stove
  • Bathroom on Main Level
  • East Olympia Elementary School Rated A-
  • No HOA
  • 1-Story Property

About This Home

As of August 2024

Investment Opportunity! Great location, 1+ acre! Bring your imagination and discover the potential of this property! Build a new home or rehab existing home. 1930s one-level, 2 bedroom, 1.5 bathroom home. The property offers room for activities, RV, gardening. Within Tumwater School District, just outside of town yet only a few minutes' drive to retail, services & freeway. Failed septic. Roof Leak. Being sold "as-is".

Last Agent to Sell the Property

Marie Black

RE/MAX Advantage License #114087 Listed on: 02/23/2024

RE/MAX Advantage

Last Buyer's Agent

Jessica Volkman

Real Broker LLC License #5617

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2202682

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95

Year Built

  • Built in 1938

Lot Details

  • 1.04 Acre Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Value in Land

Parking

  • Driveway

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,184 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Stove

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Outbuilding

Utilities

  • Shared Well
  • Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$95

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1938
  • Buyer Agency Compensation: 2.5
  • Inclusions: StovesRanges
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1184
  • SeniorExemption: true
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2202682?w=Consumer&agent=97105
  • Special Features: None
  • Cumulative Days on Market: 403

Interior Features

  • Basement: None
  • Appliances: Stove(s)/Range(s)
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Bath Off Primary, Water Heater
  • Living Area: 1184
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bathrooms: 1.5
  • BathsFullMain: 1
  • SquareFootageFinished: 1184
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Stove(s)/Range(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Shared Well
  • WaterHeaterLocation: Laundry Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tumwater

Lot Info

  • Parcel Number: 12713440900
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 1.04
  • Lot Size Sq Ft: 45302
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Wood

Tax Info

  • Year: 2023
  • Tax Annual Amount: 76

Multi Family

  • EnergySource: Electric,Wood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Aug 6, 2024
Sold by
Richardson Gayle and Koch John
Bought by
Koch John
Seller's Agent
Marie Black
RE/MAX Advantage
Buyer's Agent
Jessica Volkman
Real Broker LLC
List Price
$250,000
Sold Price
$206,000
Premium/Discount to List
-$44,000
-17.6%
Views
246
Current Estimated Value
$292,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,524
Avg. Annual Appreciation
29.34%
Original Mortgage
$403,750
Outstanding Balance
$400,973
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
-$134,524

Purchase Details

Closed on
Feb 21, 2014
Sold by
Brasher Milton V and Benson Louise
Bought by
Brasher Milton V and Brasher Louise
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
Quit Claim Deed -- First American Title
Quit Claim Deed -- First American Title
Warranty Deed $206,000 First American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $403,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $206,000 -17.6% $174 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $250,000 0.0% $211 / Sq Ft
04/17/2024 04/17/24 For Sale $250,000 -19.4% $211 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $310,000 -- $262 / 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 $95 $288,500 $208,500 $80,000
2023 $95 $275,300 $188,200 $87,100
2022 $90 $264,300 $147,200 $117,100
2021 $93 $240,100 $148,600 $91,500
2020 $72 $208,700 $138,200 $70,500
2019 $69 $166,200 $97,300 $68,900
2018 $67 $142,000 $91,300 $50,700
2017 $74 $140,450 $92,550 $47,900
2016 $138 $137,800 $90,100 $47,700
2014 -- $140,400 $90,100 $50,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2202682

Northwest Multiple Listing Service (NWMLS)

APN: 12713440900