Listed by Coldwell Banker Evergreen, Bought with City Realty, Inc.
NOT LISTED FOR SALE

Estimated Value: $486,906 - $526,000

4 Beds
2 Baths
1,620 Sq Ft
$311/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $315,000 $194 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,032/month

2 Days on Market

Highlights

  • Patio
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • Reeves Middle School Rated A-
  • Wood Siding
  • 4-minute walk to Bigelow Park

About This Home

As of February 2020

Great investment opportunity! Units have very long term tenants (10 and 18 years) on month to month leases. 923 has given notice to move in 2/2020. Units are curently leased at well under market rent and similar sized units have been renting any where from $1050 to $1150 per month. Roof is only 3 years old. Each unit has 2 bedrooms / 1 bath and a fireplace. Tenants pay own utilities. Duplex sold as-is.

Last Agent to Sell the Property

Denise Steigers

Coldwell Banker Evergreen License #115412 Listed on: 02/05/2020

Coldwell Banker Evergreen

Last Buyer's Agent

Vylam Nguyen

City Realty, Inc. License #83851

City Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1559663

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,922

Year Built

  • Built in 1976

Lot Details

  • 7,163 Sq Ft Lot
  • Lot Dimensions are 120' x 60'
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Community Details

  • Eastside Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52101600300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,922

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1620
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 340

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • 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: Reeves Mid

Lot Info

  • Parcel Number: 52101600300
  • Lot Size Acres: 0.1644
  • Lot Size: 120' X 60'
  • Lot Size Sq Ft: 7163
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Patio
  • MLSLotSizeSource: Tax Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 1440

Multi Family

  • Gross Scheduled Income: 17280
  • Net Operating Income: 10838
  • Number Of Units Total: 2
  • Insurance Expense: 1051
  • Leasable Area: 1620
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2922

MLS Schools

  • Elementary School: RooseveltElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Feb 14, 2020
Sold by
Mitchell Kenneth R
Bought by
Nguyen Vylam
Seller's Agent
Denise Steigers
Coldwell Banker Evergreen
Buyer's Agent
Vylam Nguyen
City Realty, Inc.
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$495,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,425
Avg. Annual Appreciation
8.39%
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
Nguyen Vylam $315,000 Thurston County Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $315,000 0.0% $194 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $315,000 -- $194 / 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 $3,842 $466,800 $271,600 $195,200
2023 $3,842 $367,100 $214,300 $152,800
2022 $3,690 $385,300 $225,800 $159,500
2021 $3,440 $308,600 $168,700 $139,900
2020 $2,922 $266,200 $107,300 $158,900
2019 $2,513 $220,500 $108,300 $112,200
2018 $2,748 $203,900 $95,700 $108,200
2017 $2,173 $173,550 $59,150 $114,400
2016 $1,982 $173,250 $83,450 $89,800
2014 -- $158,150 $88,050 $70,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1559663

Northwest Multiple Listing Service (NWMLS)

APN: 52101600300