NOT LISTED FOR SALE

1518 W Main St Elma, WA 98541

Estimated Value: $348,000 - $458,000

0.14 Acre
$2,798,286 Price per Acre
6,250 Sq Ft Lot

Last Sold May 05, 2022

Last sale price $77,000

Est. 445% increase in value since last sale

Current estimated payment $2,590/month

11 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Level Lot

About This Lot

As of May 2022

Real nice city building lot for sale! Sought after property; rarely is there a city lot available for sale in Elma. Level and cleared. Perfect for spec builder or your new single family home; house plans available. No impact fees or street frontage improvement required. Zoned GR (General Residential); allows a 2nd dwelling unit. Easy freeway access. Power at corner of the property. City water at front of property. Sewer and natural gas in alley. Wonderful small community. Close to parks and schools. Short drive to Olympia and easy drive to ocean beaches. Adjacent lot is also for sale.

Last Listed By

Ed Warnock

Group 7 Inc., Real Estate Serv License #27823 Listed on: 04/14/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1916611

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $498

Year Built

  • 2023

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Level Lot
  • Zoning described as GR

Property Views

  • Territorial Views

Schools

  • Elma Elementary School
  • Elma Mid Middle School
  • Elma High School

Community Details

  • No Home Owners Association
  • Leybold & Achbergs Condos
  • Elma Subdivision

Listing and Financial Details

  • Legal Lot and Block 21 and 22 / 18
  • Assessor Parcel Number 045001802100

Property Details

Property Type

Land

Est. Annual Taxes

$498

Year Built

2023

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Leybold & Achbergs
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: No Restrictions
  • Special Features: None
  • Year Built (Public Record): 2023
  • Cumulative Days on Market: 1,104

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • RoadOnWhichSide: South
  • WaterJurisdiction: City of Elma

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: On Property
  • Water Source: Available
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Elma
  • High School: Elma High
  • Middle Or Junior School: Elma Mid

Lot Info

  • Parcel Number: 045001802100
  • Topography: Level
  • Lot Size Acres: 0.1435
  • Lot Size: 50 X 125
  • Lot Size Sq Ft: 6250
  • Zoning Description: GR
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 21 and 22
  • PublicLandSurvey: 34/18N/03W

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 498

MLS Schools

  • Elementary School: Elma Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
My Kuleana Llc
Bought by
Gibson Nicole Marie and Gibson Donald William
Total Days on Market
11
Current Estimated Value
$419,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,863
Outstanding Balance
$382,888
Interest Rate
6.94%
Mortgage Type
FHA
Estimated Equity
$18,666

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 3, 2022
Sold by
Real Property Inc
Bought by
My Kuleana Llc
Seller's Agent
Ed Warnock
Group 7 Inc., Real Estate Serv
Buyer's Agent
Martin Clark
Skyline Properties, Inc.
List Price
$79,900
Sold Price
$77,000
Premium/Discount to List
-$2,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.41%

Purchase Details

Closed on
Feb 18, 2021
Sold by
Anderson Gary A
Bought by
Real Property Inc

Purchase Details

Closed on
Jun 13, 2018
Sold by
Ruth Jacob A
Bought by
Anderson Gary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2018
Sold by
Anderson Elizabeth J and Anderson Gary A
Bought by
Anderson Gary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2011
Sold by
Stephenson E Lavonne
Bought by
Ruth Jacob A and Ruth Angela K

Purchase Details

Closed on
Mar 6, 2009
Sold by
Ruth Angela K
Bought by
Ruth Jacob A

Purchase Details

Closed on
Aug 13, 2008
Sold by
Parker Randy E and Parker Sandra A
Bought by
Ruth Jacob A and Ruth Angela K

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
Gibson Nicole Marie $394,000 None Listed On Document
My Kuleana Llc -- Pacific Title
Real Property Inc $45,000 Pacific Title
Anderson Gary A $25,000 Coast Title
Anderson Gary A -- Coast Title
Ruth Jacob A -- None Available
Ruth Jacob A -- None Available
Ruth Jacob A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Nicole Marie $386,863
Previous Owner Anderson Gary A $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $77,000 -3.6% --
04/25/2022 04/25/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $79,900 -- --
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
2025 $3,156 $330,497 $55,860 $274,637
2024 $2,060 $211,511 $55,860 $155,651
2023 $528 $55,860 $55,860 --
2022 $528 $65,406 $53,790 $11,616
2021 $1,517 $65,406 $53,790 $11,616
2020 $1,286 $136,756 $50,750 $86,006
2019 $1,040 $113,187 $35,000 $78,187
2018 $1,203 $100,156 $35,000 $65,156
2017 $1,152 $87,626 $35,000 $52,626
2016 $1,040 $85,120 $35,000 $50,120
2014 -- $84,675 $35,000 $49,675
2013 -- $85,340 $35,000 $50,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1916611

Northwest Multiple Listing Service (NWMLS)

APN: 045001802100