Listed by Abbey Realty Inc, Bought with BHGRE - Northwest Home Team
NOT LISTED FOR SALE

2502 8th Ave SE Olympia, WA 98501

Estimated Value: $547,000 - $724,558

3 Beds
3 Baths
1,872 Sq Ft
$326/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $800,000 $427 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $3,671/month

39 Days on Market

Highlights

  • RV Access or Parking
  • Property is near public transit
  • Corner Lot
  • Reeves Middle School Rated A-
  • Softwood Flooring
  • No HOA

About This Home

As of November 2022

4.15 Acres located right in the middle of Olympia. Property is zoned RM-18 Multi Family. 3 separate parcels included. This is a rare find and hidden gem. Estate sized property located in the heart of town, super close to all the shopping, schools and services. Live in the home, build another home on the separate lot or build multi family units. There are many possibilities. The home is updated and move in ready. Beautiful fir wood floors throughout and updated bathroom on the main floor. New second floor bathroom, heat pump, wood stove insert and hot water tank. Newer furnace and windows. No carpet. Older neat features as well such 2 hidden trundle beds, brick fireplace, brick chimneys, built in drawers and attic space storage.

Last Agent to Sell the Property

Josh Abbey

Abbey Realty Inc License #73788 Listed on: 08/01/2022

Last Buyer's Agent

Seth Sharp

BHGRE - Northwest Home Team License #21036454

BHGRE - Northwest Home Team

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1977017

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,312

Year Built

  • Built in 1937

Lot Details

  • 4.15 Acre Lot
  • Street terminates at a dead end
  • East Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Property is in good condition

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Storm Windows
  • Partially Finished Basement

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Softwood
  • Concrete
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Parking Spaces
  • Detached Carport Space
  • RV Access or Parking

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52900100100

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,312

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1937
  • Inclusions: Dishwasher,Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hawleys Second Addition
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3068
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Partially Finished
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Concrete, Softwood, Vinyl Plank
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Ceramic Tile, Concrete, Fir/Softwood, Double Pane/Storm Window, Fireplace, Water Heater
  • Living Area: 1872
  • Main Level Bedrooms: 3
  • Bathrooms: 2
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1872
  • SquareFootageUnfinished: 1196
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Microwave,Refrigerator,Stove/Range

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Parking Features: RV Parking, Detached Carport
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: NW Water Company
  • WaterHeaterLocation: Basement
  • WaterHeaterType: Gas
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 52900100100
  • Topography: Level,Rolling,Sloped
  • Land Lease: No
  • Lot Size Acres: 4.15
  • Lot Size Sq Ft: 180774
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,RV Parking
  • MLSLotSizeSource: Assessors
  • MLSSquareFootageSource: Assessors
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7312
  • AdditionalTaxIds: 52900200700,52900200900

Multi Family

  • EnergySource: Electric,Natural Gas,Wood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Nov 9, 2022
Sold by
Toman Michael P and Toman Magdalena F
Bought by
Barancik Stephen Charles and Hise Lisa Marie
Seller's Agent
Josh Abbey
Abbey Realty Inc
Buyer's Agent
Seth Sharp
BHGRE - Northwest Home Team
List Price
$950,000
Sold Price
$800,000
Premium/Discount to List
-$150,000
-15.79%
Current Estimated Value
$610,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$189,610
Avg. Annual Appreciation
-8.97%

Purchase Details

Listed on
Feb 4, 2020
Closed on
Apr 2, 2020
Sold by
Medela Group Llc
Bought by
Toman Michael P and Toman Magdalena F
Seller's Agent
Jake Belman
Van Dorm Realty, Inc
Buyer's Agent
Bill Van Dormolen
Abbey Realty Inc
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.76%

Purchase Details

Closed on
Aug 22, 2006
Sold by
Armstrong Melvin R and Sack Deann Estella Armstrong
Bought by
Medela Group Llc

Purchase Details

Closed on
Dec 30, 1994
Sold by
Armstrong Melvin R and Armstrong Thomas R
Bought by
Armstrong Melvin R and Sack Deann Estella Armstrong
Source: Public Records

Range of Values:

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Average Value
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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
Barancik Stephen Charles -- Land Title
Toman Michael P $330,000 Fatco
Medela Group Llc -- None Available
Armstrong Melvin R -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $800,000 -5.9% $427 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $850,000 -10.5% $454 / Sq Ft
08/01/2022 08/01/22 For Sale $950,000 +187.9% $507 / Sq Ft
04/17/2020 04/17/20 Sold $330,000 -8.3% $176 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $359,900 -- $192 / 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 $5,207 $618,800 $227,600 $391,200
2023 $5,207 $497,700 $192,300 $305,400
2022 $5,251 $492,100 $189,900 $302,200
2021 $4,446 $439,400 $193,800 $245,600
2020 $4,571 $344,200 $98,600 $245,600
2019 $3,656 $343,000 $143,700 $199,300
2018 $3,925 $289,100 $93,200 $195,900
2017 $3,309 $262,050 $99,850 $162,200
2016 $3,165 $267,700 $114,000 $153,700
2014 -- $250,550 $108,550 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1977017

Northwest Multiple Listing Service (NWMLS)

APN: 52900100100