Listed by Van Dorm Realty, Inc, Bought with Olympic Sotheby's Int'l Realty
$450,000
SOLD DEC 16, 2024

1515 Mercantile Ln NE Olympia, WA 98506

2 Beds
2 Baths
1,287 Sq Ft
0.67 Acres

Recently Sold

$350 Per Sq Ft

17 Days on Market

Highlights

  • Barn
  • Horses Allowed On Property
  • Fruit Trees
  • Boston Harbor Elementary School Rated A-
  • RV Access or Parking
  • Deck

About This Home

As of December 2024

Coveted Boston Harbor Rd area! This charming home has just over 1200 sf of living space, with two bedrooms and 1.75 bathrooms. A cozy finished attic area will do in a pinch for extra sleeping space, or a hobby or office space - or simply attic storage. You'll enjoy the roomy .67 acre parcel with room for your pets, garden space, Asian pear tree, walnut, and three fig trees! Another bonus is the outbuildings! We have a carport with attached 30x40 shop, a 30x40 RV garage with an attached barn. Very nice updates with new electric range, garden window in the kitchen, insta-hot faucet in the kitchen, new hot water tank, new washer and dryer. A very special home!

Last Agent to Sell the Property

Melody Cahill

Van Dorm Realty, Inc License #4482 Listed on: 10/25/2024

Van Dorm Realty, Inc

Last Buyer's Agent

Kyle Kanda

Olympic Sotheby's Int'l Realty License #21001593

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2304820

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,311

Year Built

  • Built in 1949

Lot Details

  • 0.67 Acre Lot
  • Street terminates at a dead end
  • North Facing Home
  • Partially Fenced Property
  • Level Lot
  • Fruit Trees
  • Garden
  • Property is in very good condition

Parking

  • 5 Car Detached Garage
  • Detached Carport Space
  • Driveway
  • RV Access or Parking

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,287 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Boston Harbor Elementary School
  • Reeves Mid Middle School
  • Olympia High School

Utilities

  • Ductless Heating Or Cooling System
  • Propane
  • Well
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Barn
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Gull Harbor Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,311

Year Built

Built in 1949

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1949
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1683
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2304820?w=Consumer&agent=777231
  • Special Features: None
  • Cumulative Days on Market: 153

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Wall to Wall Carpet, Water Heater
  • Living Area: 1287
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1287
  • SquareFootageUnfinished: 396
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: Yes
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Carport, Driveway, Detached Garage, RV Parking
  • Total Parking Spaces: 5

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: FullyFenced
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Electric
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Reeves Mid

Lot Info

  • Parcel Number: 12925311300
  • Topography: Equestrian,Level
  • Land Lease: No
  • Lot Size Acres: 0.67
  • Lot Size Sq Ft: 29185
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Barn,Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4311

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Boston Harbor Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Dec 8, 2024
Sold by
Taylor William A and Egan Cynthia D
Bought by
Morita Shohei and Peters Madison Nicole
Seller's Agent
Melody Cahill
Van Dorm Realty, Inc
Buyer's Agent
Kyle Kanda
Olympic Sotheby's Int'l Realty
List Price
$450,000
Sold Price
$450,000
Total Days on Market
17
Views
63
Current Estimated Value
$478,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,920
Avg. Annual Appreciation
14.50%
Original Mortgage
$427,500
Outstanding Balance
$426,007
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$52,913
Source: Public Records

Similar Homes in Olympia, WA

  • 1635 Glass Ave NE, Olympia, WA 98506

    $415,000

    • 2 Beds
    • 1 Bath
    • 804 Sq Ft
    • 1635 Glass Ave NE
    • Olympia, WA

    Here is the charming Bigelow craftsman you have been waiting for! Updates include brand new roof, interior paint, exterior paint, professional landscaping, & old growth hardwood floors have just been refurbished. These pacific old growth hardwood floors are so unique & have so much character, they definitely tell a story. Detached garage with shelving & potential for a garage conversion for

    Keenan French Olympic Sotheby's Int'l Realty

    Section Image
  • 1226 Mountain-Aire Dr SE, Olympia, WA 98503

    $514,500

    • 4 Beds
    • 3 Baths
    • 2,324 Sq Ft
    • 1226 Mountain-Aire Dr SE
    • Olympia, WA

    Can you smell the roses? You certainly can on this spacious corner lot ready to enjoy this summer. Mature landscaping (roses, a plum tree and so much more), fully fenced back yard, and large covered deck offer a peaceful private retreat. The interior of this 4-bed/2.75 bath gem offers newer kitchen appliances, board and batten wall treatments, and so much space to live, entertain, create in and

    Rebecca Champagne- Bingaman Castle Realty Inc

    Section Image
  • 4821 58th Ave SE, Olympia, WA 98513

    $489,000

    • 3 Beds
    • 1.5 Baths
    • 1,344 Sq Ft
    • 4821 58th Ave SE
    • Olympia, WA

    VA Assumption available at 5.25% interest rate! Nestled in the sought-after Capitol City Golf Club Estates, this home offers unbeatable convenience to all your favorite spots—coffee, restaurants, shopping, & of course, golf! Inside, you’ll love the quartz countertops, stainless steel appliances, recessed lighting, updated plumbing & electrical, plus a brand-new furnace & A/C. The newer hot water

    Ashley Diaz Simply Sound Homes

    Section Image
  • 3215 64th Ln SW, Olympia, WA 98512

    $547,000

    • 3 Beds
    • 2.5 Baths
    • 1,764 Sq Ft
    • 3215 64th Ln SW
    • Olympia, WA

    Come experience the quiet country setting of Kirsop Crossing! Backed by the Black Hills, surrounded by rolling pastures, and just minutes from Black Lake, this location is PNW perfection. The highly sought after Elm floor plan offers 3 bedrooms with walk-in closets, a spacious loft, and 5-piece ensuite primary bath with a garden tub and walk-in shower. The fully fenced backyard is a

    Ashley Diaz Simply Sound Homes

    Section Image
  • 6819 Sarazen St SE, Olympia, WA 98513

    $495,000

    • 4 Beds
    • 2.5 Baths
    • 1,720 Sq Ft
    • 6819 Sarazen St SE
    • Olympia, WA

    Stunning, bright 4 bedroom home conveniently located to everything! Home boasts new carpet and is freshly painted inside and out. Open floorplan on main floor invites connectivity while providing space for everyone :) Tile kitchen countertops, large kitchen island, pantry. Primary bedroom features an en-suite bath and walk in closet. White mill work and raised panel doors, ceiling fans, white

    Ted Meenk RE/MAX Northwest

    Section Image
  • 7518 Brianna Ct SE, Olympia, WA 98513

    $515,000

    • 3 Beds
    • 2.5 Baths
    • 1,679 Sq Ft
    • 7518 Brianna Ct SE
    • Olympia, WA

    Not your average neighborhood home! With no direct neighbors behind or on one side, & surrounded by HOA-protected land and park space, this home offers a level of privacy that’s hard to find. Complete with a natural landscape that attracts peaceful wildlife. With fresh front landscaping, new stainless steel appliances, and a flexible floor plan (3 beds + office/den), it’s truly move-in ready.

    Ashley Diaz Simply Sound Homes

    Section Image
  • 6608 Summerset Ct SE, Olympia, WA 98513

    $518,000

    • 3 Beds
    • 2 Baths
    • 1,380 Sq Ft
    • 6608 Summerset Ct SE
    • Olympia, WA

    Classically updated & ready for all your tools, this SE Olympia gem sits on a quiet cul-de-sac with a bonus of a detached 3-car garage/shop—perfect for hobbies, storage, or just covered parking. Inside, enjoy modern finishes, an open layout, & abundant natural light. A rare perk for this era: bonus space currently used as an office offers flexible options for work or play. Major updates include a

    Ashley Diaz Simply Sound Homes

    Section Image
  • 2125 27th Ct NE, Olympia, WA 98506

    $439,000

    • 3 Beds
    • 2 Baths
    • 1,232 Sq Ft
    • 2125 27th Ct NE
    • Olympia, WA

    Adorable 3 bed, 1.75 bath home on a quiet street with a large 11,102 sq/ft flat lot. The kitchen and spacious dining area open to the back deck—perfect for indoor/outdoor living. The primary suite features an attached bath, and the home boasts all new flooring and fresh paint throughout. Converted to a heat pump with central Air Conditioning! Fully fenced backyard ideal for entertaining, pets,

    Stacey Brower KW Greater Seattle

    Section Image
  • 1419 Bethel Park Ct NE, Olympia, WA 98506

    $450,000

    • 3 Beds
    • 2 Baths
    • 1,468 Sq Ft
    • 1419 Bethel Park Ct NE
    • Olympia, WA

    Established and quiet single story 3 bed + 2 bathroom home in the Bethel Park community in the Northeast Olympia neighborhood close to Friendly Grove Park, SF Bakery & Priest Point Park. Walk into the great room with vaulted ceilings, spacious open updated white kitchen with laminate flooring throughout. All kitchen appliances included. Attached two car garage. Fully fenced backyard with deck

    Savannah Parker Abbey Realty Inc

    Section Image
See All Homes in Olympia

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $450,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $450,000 0.0% $350 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $450,000 -- $350 / 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 $4,311 $430,500 $221,200 $209,300
2023 $4,311 $415,100 $196,000 $219,100
2022 $4,056 $399,600 $160,800 $238,800
2021 $3,447 $349,700 $157,100 $192,600
2020 $3,217 $271,700 $111,200 $160,500
2019 $2,824 $246,800 $91,600 $155,200
2018 $2,925 $221,900 $75,400 $146,500
2017 $2,623 $204,100 $74,700 $129,400
2016 $2,534 $191,700 $73,300 $118,400
2014 -- $189,750 $69,250 $120,500
Source: Public Records

Agents Affiliated with this Home

  • Melody Cahill

    Seller's Agent in 2024

    Melody Cahill

    Van Dorm Realty, Inc

    (360) 402-3740

    46 Total Sales

    Melody Cahill
    Section Image
  • Kyle Kanda

    Buyer's Agent in 2024

    Kyle Kanda

    Olympic Sotheby's Int'l Realty

    (360) 584-3242

    62 Total Sales

    Kyle Kanda
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2304820

Northwest Multiple Listing Service (NWMLS)

APN: 12925311300

Washington Thurston County Olympia 98506

1515 Mercantile Ln NE, Olympia, WA

This home is located at 1515 Mercantile Ln NE, Olympia, WA 98506 and is currently priced at $450,000, approximately $349 per square foot. This property was built in 1949. 1515 Mercantile Ln NE is a home located in Thurston County with nearby schools including Boston Harbor Elementary School, Reeves Middle School, and Avanti High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

Nearby Homes