Listed by COMPASS, Bought with Coldwell Banker Evergreen
$603,000
SOLD SEP 8, 2020

1018 Capitol Way S Unit 4A Olympia, WA 98501

Downtown Olympia Neighborhood
3 Beds
2 Baths
2,174 Sq Ft
$275/mo HOA Fee

Recently Sold

$277 Per Sq Ft

6% Below List Price

30 Days on Market

Highlights

  • City View
  • Property is near public transit
  • Modern Architecture
  • Lincoln Elementary School Rated A-
  • Bamboo Flooring
  • 3-minute walk to WWII Memorial

About This Home

As of September 2020

Behold! Urban luxury in downtown Olympia. SW corner condo boasts a wall of windows & wrap-around balcony for taking in the view. Desirable open concept floor plan is vast w/ high ceilings & includes sustainable bamboo hdwds, a chef’s kitchen with step-up island, corian counter tops, stylish tile back splash, stainless steel appl, under cabinet lighting... Includes a lg additional storage space & 2 premium, secure parking spots. This secure building is super convenient to I-5 & all downtown Oly!

Last Agent to Sell the Property

Katrina Schmitt

COMPASS License #25381 Listed on: 06/24/2020

COMPASS

Last Buyer's Agent

Kelley Morgan

Coldwell Banker Evergreen License #82680

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1620525

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,286

Year Built

  • Built in 2010

HOA Fees

  • $275 Monthly HOA Fees

Property Views

  • City
  • Mountain

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,174 Sq Ft Home
  • Insulated Windows

Kitchen

  • Double Oven
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Electric Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Common or Shared Parking

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Water Heater
  • High Speed Internet

Additional Features

  • Balcony
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 81110000700

Community Details

Overview

  • Association fees include common area maintenance, garbage, water/sewer
  • Tom Rawson Association
  • Secondary HOA Phone (360) 870-1791
  • Union Heights Condos
  • Olympia Subdivision
  • Park Phone (360) 870-1791 | Manager Tom Rawson
  • 5-Story Property

Amenities

  • Elevator
  • Lobby

Pet Policy

  • Pets Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,286

Year Built

Built in 2010

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 2010
  • Inclusions: Dishwasher,DoubleOven,Dryer,Microwave,RangeOven,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Modern
  • Building Name: Union Heights
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2174
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 2
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Jetted/Soaking Tub,Primary Bath,Walk-in Closet
  • Special Features: VirtualTour
  • Cumulative Days on Market: 59

Interior Features

  • Appliances: Double Oven, Dryer, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Bamboo/Cork, Ceramic Tile
  • Interior Amenities: Ceramic Tile, Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Main Level Bedrooms: 3
  • Stories: 5
  • Bathrooms: 2
  • BathsFullMain: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 4
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Microwave,Range/Oven,Refrigerator,Washer
  • StorageLocation: Across Hallway

Exterior Features

  • Roof: Flat
  • View: City, Mountain(s)
  • Lot Features: Corner Lot, Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 2A, 3A

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Electricity Available, Garbage, Water/Sewer
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Closet Off Master bath
  • WaterHeaterType: Tank

Condo/Co-op/Association

  • Community Features: Elevator, Fire Sprinklers, Lobby Entrance, Outside Entry
  • Park Manager Name: Tom Rawson
  • Park Manager Phone: 360-870-1791
  • Association Fee: 275
  • Association Fee Frequency: Monthly
  • Phone: 360-870-1791
  • Pets Allowed: Yes
  • AssociationContactName: Tom Rawson
  • CoOp: false
  • CommonPropertyFeatures: Elevator,Fire Sprinklers,High Speed Int Avail,Lobby Entrance,Outside Entry

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Water/Sewer

Schools

  • Junior High Dist: Olympia
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 81110000700
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: Realist- Buyer to Verify

Green Features

  • Efficiency: High Efficiency (Unspecified), Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6286

Multi Family

  • UnitsInBuildingTotal: 8

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Sep 4, 2020
Sold by
Rawson Thomas Patrick
Bought by
Rosen Mark J and Rosen Kazuko Y
Seller's Agent
Katrina Schmitt
COMPASS
Buyer's Agent
Kelley Morgan
Coldwell Banker Evergreen
List Price
$639,800
Sold Price
$603,000
Premium/Discount to List
-$36,800
-5.75%
Current Estimated Value
$809,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,608
Avg. Annual Appreciation
6.37%
Original Mortgage
$130,000
Outstanding Balance
$96,275
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$720,866

Purchase Details

Listed on
Jul 17, 2014
Closed on
Feb 24, 2016
Sold by
Chun Michael S and Chun Clara A
Bought by
Rawson Thomas Patrick
Seller's Agent
Lisa Lageschulte
RE/MAX Connect
Buyer's Agent
Niki Hatzenbuehler
Sterling Johnston Real Estate
List Price
$595,000
Sold Price
$485,000
Premium/Discount to List
-$110,000
-18.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$365,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2014
Closed on
Feb 11, 2016
Sold by
Rawson Nancy Kristine
Bought by
Rawson Thomas Patrick
Seller's Agent
Lisa Lageschulte
RE/MAX Connect
Buyer's Agent
Niki Hatzenbuehler
Sterling Johnston Real Estate
List Price
$595,000
Sold Price
$485,000
Premium/Discount to List
-$110,000
-18.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $603,000 Chicago Title Co Of Wa
Warranty Deed $203,820 Thurston County Title
Interfamily Deed Transfer -- Thurston County Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,000 Commercial
Previous Owner $365,000 New Conventional
Previous Owner $3,000,000 Unknown
Previous Owner $408,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $603,000 -1.1% $277 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $609,800 -3.2% $280 / Sq Ft
07/08/2020 07/08/20 Price Changed $629,800 -1.6% $290 / Sq Ft
06/24/2020 06/24/20 For Sale $639,800 +31.9% $294 / Sq Ft
02/29/2016 02/29/16 Sold $485,000 -3.0% $214 / Sq Ft
01/21/2016 01/21/16 Pending -- -- --
12/07/2015 12/07/15 Price Changed $499,990 -7.4% $220 / Sq Ft
10/31/2015 10/31/15 Price Changed $539,900 -1.8% $238 / Sq Ft
08/31/2015 08/31/15 Price Changed $549,900 -3.5% $242 / Sq Ft
02/23/2015 02/23/15 Price Changed $569,900 -4.2% $251 / Sq Ft
07/17/2014 07/17/14 For Sale $595,000 -- $262 / 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 $7,706 $725,700 $133,300 $592,400
2023 $7,706 $737,200 $158,900 $578,300
2022 $7,424 $769,000 $148,600 $620,400
2021 $6,285 $621,700 $146,600 $475,100
2020 $6,286 $487,000 $131,100 $355,900
2019 $5,753 $475,200 $150,500 $324,700
2018 $5,999 $445,500 $146,300 $299,200
2017 $5,519 $442,050 $139,050 $303,000
2016 $5,105 $377,350 $118,450 $258,900
2014 -- $408,550 $139,350 $269,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1620525

Northwest Multiple Listing Service (NWMLS)

APN: 81110000700