Listed by Yelm Windermere, Bought with eXp Realty
$800,000
SOLD AUG 15, 2024

309 Binghampton St SE Rainier, WA 98576

5 Acres
$160,000 Price per Acre
217,800 Sq Ft Lot

Recently Sold

27% Below List Price

437 Days on Market

Highlights

  • 5 Acre Lot
  • No HOA
  • Level Lot
  • Territorial View

About This Lot

As of August 2024

This level, 5+ acre property is a great location for a variety of businesses, with the parcel being zoned (HC), Highway Commercial. Those uses are specified in the Rainier Zoning Code; 18.42.030. It has approximately 562' of highway frontage on SR 507 with an Annual Average Daily Traffic Count of "8,095,000" in 2022. Water is with the City and the property has an on-site septic system that may have to be upgraded depending on your use. Access is from SR 507 & from Myers St. If you're looking for a place for your business with great visibility from high traffic volume, This is It!

Last Agent to Sell the Property

Roger Rieke

Yelm Windermere License #106850 Listed on: 03/13/2023

Yelm Windermere

Last Buyer's Agent

Patrick Clark

eXp Realty License #124852

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2044392

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,831

Lot Details

  • 5 Acre Lot
  • Level Lot
  • Zoning described as C-3

Property Views

  • Territorial Views

Schools

  • Rainier Primary Sch Elementary School
  • Rainier Mid Middle School
  • Rainier Snr High School

Utilities

  • Septic Design Installed
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Rainier Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21609130504

Property Details

Property Type

Land

Est. Annual Taxes

$4,831

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Partially Cleared
  • Restrictions: Unknown
  • SOCComments: No comp. paid on seller contributions
  • Improvements: Shop
  • Special Features: None
  • Cumulative Days on Market: 781

Interior Features

  • Possible Use: Commercial, Retail
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Territorial
  • Lot Features: Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: Paved
  • RoadOnWhichSide: NW
  • WaterJurisdiction: City of Rainier
  • WaterfrontFootage: 0

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, On Property, See Remarks
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected, Septic Design Installed
  • ElectricityStatus: On Property
  • GasStatus: In Street
  • SepticDesignInstalled: true

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Rainier
  • High School: Rainier Snr High
  • Middle Or Junior School: Rainier Mid

Lot Info

  • Parcel Number: 21609130504
  • Topography: Level
  • Lot Size Acres: 5
  • Lot Size Sq Ft: 217800
  • Zoning Description: C-3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Retail
  • PublicLandSurvey: 09/16/1E/Q-NE

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4831

MLS Schools

  • Elementary School: Rainier Primary Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Aug 14, 2024
Sold by
Bichler John H and Bichler Penny L
Bought by
Jgh Properties Llc
Seller's Agent
Roger Rieke
Yelm Windermere
Buyer's Agent
Patrick Clark
eXp Realty
List Price
$1,100,000
Sold Price
$800,000
Premium/Discount to List
-$300,000
-27.27%
Views
145
Current Estimated Value
$811,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,448
Avg. Annual Appreciation
-0.81%
Original Mortgage
$600,000
Outstanding Balance
$595,945
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$198,028

Purchase Details

Closed on
Jan 16, 2019
Sold by
Mountain Sand & Gravel Llc
Bought by
Self Access Storage Llc

Purchase Details

Closed on
Dec 26, 2017
Sold by
Myers Rainer Llc
Bought by
Mountain Ain Sid & Graves Llc
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 Type Sale Price Title Company
Special Warranty Deed $800,000 Chicago Title
Receivers Deed $81,657 First American Title Ins Co
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $885,000 Construction
Previous Owner $595,000 Construction
Previous Owner $659,300 Unknown
Previous Owner $2,170,000 Construction
Previous Owner $224,375 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $800,000 -5.9% --
05/23/2024 05/23/24 Pending -- -- --
02/22/2024 02/22/24 Price Changed $850,000 -14.1% --
10/03/2023 10/03/23 Price Changed $990,000 -1.0% --
04/26/2023 04/26/23 Price Changed $1,000,000 -9.1% --
03/13/2023 03/13/23 For Sale $1,100,000 -- --
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 $5,466 $634,400 $567,100 $67,300
2023 $5,466 $583,500 $506,700 $76,800
2022 $5,120 $542,400 $453,300 $89,100
2021 $4,443 $496,800 $444,800 $52,000
2020 $6,124 $424,100 $383,500 $40,600
2019 $4,297 $530,000 $487,900 $42,100
2018 $4,737 $375,000 $344,300 $30,700
2017 $3,811 $312,800 $283,800 $29,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2044392

Northwest Multiple Listing Service (NWMLS)

APN: 21609130504