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

3516 7th Ave SW Olympia, WA 98502

Estimated Value: $515,000 - $547,486

3 Beds
2 Baths
1,728 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $335,000 $194 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,149/month

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Level Lot
  • Thurgood Marshall Middle School Rated A-
  • 1-Story Property
  • Wood Siding

About This Home

As of January 2022

Attention Investors!! Here is one of the few lots available on 7th Ave next to Capital Medical Center! Zoned PO/RM, Professional Office/Residential. Property has 3 bedroom 2 bath home as well as two large separate garages that were built in 2004. Home is in rough shape but the options are endless! Great area and opportunity for development or possibly a medical office with garage space behind!

Last Agent to Sell the Property

Jesse Heberlein

Olympic Sotheby's Int'l Realty License #133903 Listed on: 10/08/2021

Olympic Sotheby's Int'l Realty

Co-Listed By

Tommy Lowe

Olympic Sotheby's Int'l Realty License #97082

Last Buyer's Agent

Andre Scott

Better Properties NW License #110296

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1848088

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,395

Year Built

  • Built in 1959

Lot Details

  • 0.38 Acre Lot
  • Level Lot
  • Value in Land
  • Zoning described as PO/RM

Parking

  • 3 Car Detached Garage

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outbuilding

Utilities

  • Well
  • Septic Tank
  • Septic System

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12817431101

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,395

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1959
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1728
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Living Area: 1728
  • Main Level Bedrooms: 3
  • BathsFullMain: 2
  • SquareFootageFinished: 1728
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Heating Yn: Yes
  • Utilities: Septic System, Electricity Available, Individual Well
  • HeatingCoolingType: Baseboard
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 12817431101
  • Topography: Level
  • Lot Size Acres: 0.38
  • Lot Size Sq Ft: 16552
  • Zoning Description: PO/RM
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3395

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2024
Sold by
Tag Jr Llc
Bought by
Key Bridge Medical Clinic Llc
Current Estimated Value
$529,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$541,000
Outstanding Balance
$531,528
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
-$1,699

Purchase Details

Closed on
Jun 23, 2023
Sold by
Integrity Development Service Llc
Bought by
Tag Jr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2021
Closed on
Jan 24, 2022
Sold by
Heymann Kay L and Massong Kay L
Bought by
Integrity Dev Services Llc
Seller's Agent
Jesse Heberlein
Olympic Sotheby's Int'l Realty
Buyer's Agent
Andre Scott
Better Properties NW
List Price
$399,000
Sold Price
$335,000
Premium/Discount to List
-$64,000
-16.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.00%
Original Mortgage
$308,630
Interest Rate
3.22%
Mortgage Type
New Conventional
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
Key Bridge Medical Clinic Llc $570,000 Wfg National Title Company Of
Tag Jr Llc -- Wfg National Title Company Of
Integrity Dev Services Llc -- Stewart Title Guaranty Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Key Bridge Medical Clinic Llc $541,000
Previous Owner Tag Jr Llc $1,750,000
Previous Owner Integrity Dev Services Llc $308,630
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $335,000 0.0% $194 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/03/2021 12/03/21 Price Changed $335,000 -10.7% $194 / Sq Ft
11/01/2021 11/01/21 Price Changed $375,000 -6.0% $217 / Sq Ft
10/08/2021 10/08/21 For Sale $399,000 -- $231 / 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 $4,339 $539,400 $144,100 $395,300
2023 $4,339 $414,700 $111,400 $303,300
2022 $3,858 $446,300 $136,200 $310,100
2021 $3,396 $315,700 $119,700 $196,000
2020 $3,225 $256,700 $102,000 $154,700
2019 $3,015 $238,200 $73,700 $164,500
2018 $3,121 $226,500 $78,400 $148,100
2017 $2,603 $203,000 $76,800 $126,200
2016 $2,313 $185,850 $71,950 $113,900
2014 -- $180,250 $71,950 $108,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1848088

Northwest Multiple Listing Service (NWMLS)

APN: 12817431101