Owner
$592,543
1305 89TH AVE SE, OLYMPIA, WA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
3
sq. ft.
2,212
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C+
Average Condition
Living Area
Attached Garage
1 Story
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2014
Building Size
2,212 sq ft
Lot Size
6,000 sq ft
Lot Size (Acres)
0.14 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
69460004400
County
Thurston County, WA
Metro Area
Olympia-Lacey-Tumwater, WA
Zoning
MFM
Neighborhood/Subdivision
PRESERVE AT TUMWATER PLACE, THE
Lot Number
44
School District
Tumwater School District
Legal Description
SECTION 13 TOWNSHIP 17 RANGE 2W QUARTER NW SW PLAT PRESERVE AT TUMWATER PLACE, THE DIV 1 (PLAT ALTERATION) LT 44 DOCUMENT 4377508
Tax & Value Information
Market Value (Total)
$539,200
Building Value
$440,400
Land Value
$98,800
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$539,200
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
10/2/2014
Recording Date
10/17/2014
Sales Document #
2014.4413670
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$22,928
Return on Investment
15.60%
After Repair Value
$651,797
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$533,289
Renovation Cost
$29,627
Closing Costs (buying)
$10,666
Holding Costs
$16,180
Selling Costs
$39,108
Total Investment
$146,951
After Repair Value (ARV)
$651,797
Total Costs
$628,869
Estimated Profit
$22,928
Cash Invested
$136,285
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area