Listed by Blue Summit Realty LLC
NOT LISTED FOR SALE

Estimated Value: $493,000 - $599,000

4 Beds
2 Baths
1,894 Sq Ft
$294/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $345,000 $182 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,424/month

9 Days on Market

Highlights

  • 0.3 Acre Lot
  • Cul-De-Sac
  • Wood Siding
  • Deck
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of July 2019

Great investment opportunity to own a low maintenance duplex in great location. 2 bd/1 ba each side, new roof and water heaters in 2013, each side has private yard space. One unit updated with new flooring & paint in last 2 yrs, no deferred maintenance. Rents currently below market, plenty of upside potential. Close to shopping and easy I-5 access.

Last Agent to Sell the Property

Kevin Welch

Blue Summit Realty LLC License #118004 Listed on: 05/30/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1466375

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,502

Year Built

  • Built in 1980

Lot Details

  • 0.3 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,894 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 83340002100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,502

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1894
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • WaterCompany: WA Water Service
  • WaterSewerGarbage: 1560

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 83340002100
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 1900

Multi Family

  • Gross Scheduled Income: 22800
  • Net Operating Income: 18238
  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Leasable Area: 1894
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2021
Sold by
Syverson Evelyn
Bought by
Syverson Evelyn and Post Timothy
Current Estimated Value
$557,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Outstanding Balance
$122,399
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$440,507

Purchase Details

Listed on
May 30, 2019
Closed on
Jul 19, 2019
Sold by
Welch Kevin J and Welch Courtney L
Bought by
Syverson Evelyn
Seller's Agent
Kevin Welch
Blue Summit Realty LLC
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$130,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2014
Closed on
Apr 14, 2014
Sold by
Britton William L
Bought by
Welch Kevin J and Welch Courtney L
List Price
$219,900
Sold Price
$218,000
Premium/Discount to List
-$1,900
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$163,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 22, 2004
Sold by
The Heirs & Devisees Of Dorothy J Brooke
Bought by
Britton William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.64%
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
Syverson Evelyn -- Land T&E Of Skagit & Island
Syverson Evelyn $345,000 Chicago Title Lacey
Welch Kevin J $218,000 Chicago Title
Britton William L $187,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syverson Evelyn $133,000
Closed Syverson Evelyn $130,000
Previous Owner Welch Kevin J $163,500
Previous Owner Britton William L $135,000
Previous Owner Britton William L $25,000
Previous Owner Britton William L $150,000
Closed Britton William L $28,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $345,000 -1.4% $182 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $350,000 +60.6% $185 / Sq Ft
04/21/2014 04/21/14 Sold $218,000 -0.9% $115 / Sq Ft
01/27/2014 01/27/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $219,900 -- $116 / 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 $4,620 $497,400 $242,500 $254,900
2023 $4,620 $474,200 $208,400 $265,800
2022 $3,655 $404,200 $184,700 $219,500
2021 $3,506 $307,000 $127,800 $179,200
2020 $3,132 $274,300 $83,500 $190,800
2019 $2,503 $253,900 $122,000 $131,900
2018 $2,975 $215,900 $99,400 $116,500
2017 $2,295 $174,150 $58,250 $115,900
2016 $2,045 $171,400 $64,100 $107,300
2014 -- $150,700 $64,100 $86,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1466375

Northwest Multiple Listing Service (NWMLS)

APN: 83340002100