Listed by Abbey Realty Inc, Bought with Roopa Group
$795,000
SOLD APR 11, 2025

1824 Chipman St SE Unit A&B Olympia, WA 98501

6 Beds
6 Baths
2,754 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$289 Per Sq Ft

2 Days on Market

Highlights

  • New Construction
  • Engineered Wood Flooring
  • Forced Air Heating and Cooling System
  • McKenny Elementary School Rated A-
  • No HOA
  • High Speed Internet

About This Home

As of April 2025

Rare opportunity to own a BRAND NEW 2025 built duplex in Olympia. Add to your investment portfolio or live in one side and rent the other. These units are high quality. Full cement board siding, 30-year comp roof, fire sprinkler system, and forced air heat/AC. Kitchen has stainless appliances, quarts countertops, full tile backsplash and the “look” everyone loves. The master suite has a large walk-in closet and a private bath with 2 sinks. The other bedrooms also have walk-in closets and share a bath with 2 sinks. Each unit has a fenced back yard, fully landscaped, and has an EV ready one-car garage with lots of driveway parking. Connected to city of Olympia utilities. Convenient location near shopping, schools, hospital, and downtown Oly.

Last Agent to Sell the Property

Vanessa Nygren

Abbey Realty Inc License #76986 Listed on: 03/08/2025

Last Buyer's Agent

Roopa Kannasani

Roopa Group License #23000060

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2342126

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,421

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x117
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,754 Sq Ft Home
  • 2-Story Property

Flooring

  • Engineered Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Mckenny Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Forced Air Heating and Cooling System
  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Chipman Street Condos
  • Olympia Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 76000600110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,421

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2025
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Chipman Street
  • New Construction: Yes
  • CalculatedSquareFootage: 2754
  • EffectiveYearBuiltSource: See Remarks
  • EstimatedCompletionDate: 2025-03-08
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 25

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Engineered Hardwood, Laminate, Carpet
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: Composition, Metal
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Concrete, Wood
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air, Heat Pump, High Efficiency (Unspecified)
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, High Efficiency (Unspecified)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 76000600110
  • Lot Size Acres: 0.13
  • Lot Size: 50x117
  • Lot Size Sq Ft: 5663
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Thurston County Assessor
  • MLSSquareFootageSource: Builder
  • ZoningJurisdiction: City
  • LotNumber: 5

Green Features

  • Power Production Type: Electric

Rental Info

  • LeasedItems: None
  • TotalMonthlyIncome: 5000

Tax Info

  • Year: 2025
  • Tax Annual Amount: 1420.87

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 3162
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Mckenny Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2025
Closed on
Apr 7, 2025
Sold by
Chipman Street Llc
Bought by
Blueflute Property Group Llc
Seller's Agent
Vanessa Nygren
Abbey Realty Inc
Buyer's Agent
Roopa Kannasani
Roopa Group
List Price
$795,000
Sold Price
$795,000
Total Days on Market
2
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.97%
Original Mortgage
$529,000
Outstanding Balance
$529,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$294,000

Purchase Details

Closed on
Nov 20, 2023
Sold by
Tradewinds Investment Group Llc
Bought by
Chipman Street Llc
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 $795,000 Rainier Title
Warranty Deed $339,000 Wfg National Title Company Of
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $529,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $795,000 0.0% $289 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/08/2025 03/08/25 For Sale $795,000 -- $289 / 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 $1,285 $134,900 $134,900 --
2023 $1,285 $122,200 $122,200 $0
2022 $707 $103,100 $103,100 $0
2021 $707 $58,500 $58,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2342126

Northwest Multiple Listing Service (NWMLS)

APN: 76000600110