Listed by Bayleaf Realty, Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

1616 Capitol Way S Olympia, WA 98501

South Capitol Neighborhood
3 Beds
4 Baths
2,812 Sq Ft
5,300 Sq Ft Lot

Last Sold May 15, 2018

Last sale price $395,000 $140 Per Sq Ft

20 Days on Market

Highlights

  • Deck
  • Territorial View
  • Corner Lot
  • Lincoln Elementary School Rated A-
  • Wood Flooring
  • 1-minute walk to Korean War Memorial

About This Home

As of May 2018

The Mead House is a rectangular 2 story wood frame structure of restrained Queen Anne style on a poured concrete foundation. Cross-gabled roof is covered w/ composition shingles & decorative gable-end fascia boards:A small hip-roofed porch with turned posts & a simple balustrade shelters the entry door on the front (west) facade. The house was used by Governor Mead who served 1905-1909 as the Governor's Mansion. The house has been divided into 4 apartments & the basement houses a washer & dryer.

Last Agent to Sell the Property

Bobbi Kelly

Bayleaf Realty License #25971 Listed on: 03/13/2018

Last Buyer's Agent

Jeannine Roe

Olympic Sotheby's Int'l Realty License #117511

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1254245

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,138

Year Built

  • Built in 1902

Lot Details

  • 5,300 Sq Ft Lot
  • Lot Dimensions are 50'x99'x50'x99'
  • Corner Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,812 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Olympia High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Capital Campus Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60800301300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,138

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1902
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2812
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 387

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterSewerGarbage: 3175

Fee Information

  • Annual Fuel Expense: 1000

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High

Lot Info

  • Parcel Number: 60800301300
  • Lot Size Acres: 0.1217
  • Lot Size: 50'X99'X50'X99'
  • Lot Size Sq Ft: 5300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3125

Multi Family

  • Gross Scheduled Income: 36900
  • Net Operating Income: 24536
  • Number Of Units Total: 4
  • Electric Expense: 1171
  • Insurance Expense: 1000
  • Leasable Area: 2812
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3138

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $395,000 -7.1% $140 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $425,000 -- $151 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bobbi Kelly

    Seller's Agent in 2018

    Bobbi Kelly

    Bayleaf Realty

    (360) 515-1103

    34 Total Sales

    Bobbi Kelly
    Section Image

  • J

    Buyer's Agent in 2018

    Jeannine Roe

    Olympic Sotheby's Int'l Realty

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1254245

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Olympia 98501 South Capitol

1616 Capitol Way S, Olympia, WA

This home is located at 1616 Capitol Way S, Olympia, WA 98501 since 13 March 2018. This property was built in 1902. 1616 Capitol Way S is a home located in Thurston County with nearby schools including Lincoln Elementary School, Washington 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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