Listed by Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

943 College Ln NE Unit A & B Lacey, WA 98516

Pleasant Glade Neighborhood

Estimated Value: $598,000 - $690,000

3 Beds
2 Baths
2,780 Sq Ft
$238/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $480,000 $173 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,231/month

2 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of November 2020

Great Investment Duplex! 3 bedrooms, 2.5 baths each side. Covered front porch, 1 car garage. New hot water tanks as well as new roof & gutters on both A&B. Dead end street. Convenient location minutes from I-5,

Last Agent to Sell the Property

Susan Smith

Olympic Sotheby's Int'l Realty License #121280 Listed on: 09/24/2020

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1668531

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 2003

Lot Details

  • 6,534 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,780 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Private Water Source
  • Cable TV Available

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11808440107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,338

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2003
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2780
  • Special Features: None
  • Cumulative Days on Market: 338

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • 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: Sewer Connected
  • Water Source: Private
  • Security: FullyFenced
  • PowerCompany: PSE
  • SewerCompany: City of Lacey
  • WaterCompany: City of Lacey
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: North Thurston
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 11808440107
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 30486
  • Number Of Units Total: 2
  • Insurance Expense: 1177
  • Leasable Area: 2780
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4338

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 3, 2020
Sold by
Phillips Neville A and Phillips Theresa C
Bought by
Vorheis Shelby Marie and Vorheis Phillip Michael
Seller's Agent
Susan Smith
Olympic Sotheby's Int'l Realty
List Price
$470,000
Sold Price
$480,000
Premium/Discount to List
$10,000
2.13%
Current Estimated Value
$673,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,438
Original Mortgage
$456,000
Outstanding Balance
$413,749
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2005
Sold by
Nelson Kathleen W and Nelson David R
Bought by
Phillips Neville A and Phillips Theresa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.02%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 25, 2003
Sold by
Silver King Development Corp
Bought by
Nelson David R and Nelson Kathleen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,220
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vorheis Shelby Marie $480,000 Thurston County Title Co
Phillips Neville A $315,000 Stewart Title Of Western
Nelson David R $253,200 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vorheis Philip Michael $48,000
Open Vorheis Shelby Marie $456,000
Previous Owner Phillips Neville A $220,500
Previous Owner Nelson David R $215,220
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $480,000 +2.1% $173 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $470,000 -- $169 / 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 $6,128 $614,100 $242,500 $371,600
2023 $6,128 $641,200 $208,800 $432,400
2022 $4,475 $520,100 $167,100 $353,000
2021 $4,863 $384,600 $95,800 $288,800
2020 $4,337 $389,500 $81,500 $308,000
2019 $3,682 $360,900 $113,100 $247,800
2018 $4,098 $305,300 $96,300 $209,000
2017 $3,245 $254,650 $37,650 $217,000
2016 $3,148 $253,200 $54,500 $198,700
2014 -- $240,900 $54,500 $186,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1668531

Northwest Multiple Listing Service (NWMLS)

APN: 11808440107