Owner
$669,175
2209 LAKEWOOD DR SE, OLYMPIA, WA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
2,410
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C+
Average Condition
Living Area
Attached Garage
1.5 Stories
Heat Pump
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2011
Building Size
2,410 sq ft
Lot Size
6,947 sq ft
Lot Size (Acres)
0.16 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)
83360004000
County
Thurston County, WA
Metro Area
Olympia-Lacey-Tumwater, WA
Zoning
R-4-8
Neighborhood/Subdivision
WHITMORE GLEN
Lot Number
40
School District
Olympia School District
Legal Description
SECTION 25 TOWNSHIP 18 RANGE 2W QUARTER SE SE PLAT WHITMORE GLEN LT 40 DOCUMENT 4145851
Tax & Value Information
Market Value (Total)
$597,600
Building Value
$441,500
Land Value
$156,100
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$597,600
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
8/15/2018
Recording Date
8/21/2018
Sales Document #
2018.4643576
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
$25,894
Return on Investment
15.60%
After Repair Value
$736,093
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
$602,258
Renovation Cost
$33,459
Closing Costs (buying)
$12,045
Holding Costs
$18,272
Selling Costs
$44,166
Total Investment
$165,955
After Repair Value (ARV)
$736,093
Total Costs
$710,199
Estimated Profit
$25,894
Cash Invested
$153,910
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