Listed by Windermere Real Estate Olympia, Bought with Realty One Group Pacifica
NOT LISTED FOR SALE

408 Steele St SE Olympia, WA 98501

Estimated Value: $349,000 - $457,000

3 Beds
1 Bath
990 Sq Ft
$383/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $240,000 $242 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,270/month

248 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Baseboard Heating
  • Reeves Middle School Rated A-
  • No HOA

About This Home

As of February 2024

Property is sold "as is". Value is in the land with HDC-3- High Density Corridor -3 which allows variety of uses. Will require some street front improvements. Currently rented on month to month agreement at $1,200 per month. Billboard rental generates $2,100 per year. See remarks for showing instructions.

Last Agent to Sell the Property

Steve Garrett

Windermere Real Estate Olympia License #4793 Listed on: 05/19/2023

Windermere Real Estate Olympia

Last Buyer's Agent

Torri Woodruff

Realty One Group Pacifica License #21024699

Realty One Group Pacifica

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2070609

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,055

Year Built

  • Built in 1930

Lot Details

  • 4,250

Parking

  • Driveway

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 990 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Stove

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 1 Full Bathroom

Additional Features

  • 4,250 Sq Ft Lot
  • Property is near public transit
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Olympia Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,055

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1930
  • Buyer Agency Compensation: 2.5
  • Inclusions: StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 990
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2070609?w=Consumer&agent=771307
  • Special Features: None
  • Cumulative Days on Market: 783

Interior Features

  • Appliances: Stove/Range
  • Full Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Hardwood
  • Living Area: 990
  • Main Level Bedrooms: 1
  • Bathrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 990
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Stove/Range

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Post & Block
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 68903300100
  • Land Lease: No
  • Lot Size Acres: 0.0976
  • Lot Size Sq Ft: 4250
  • Zoning Description: RES
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2055

Multi Family

  • Total Actual Rent: 1200
  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2025
Sold by
B & R Services Llc
Bought by
L & R Property Holdings 1 Llc
Current Estimated Value
$379,284

Purchase Details

Listed on
May 19, 2023
Closed on
Feb 13, 2024
Sold by
Kaufman Timothy E
Bought by
B & R Services Llc
Seller's Agent
Steve Garrett
Windermere Real Estate Olympia
Buyer's Agent
Torri Woodruff
Realty One Group Pacifica
List Price
$285,000
Sold Price
$240,000
Premium/Discount to List
-$45,000
-15.79%
Views
717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.01%
Original Mortgage
$282,250
Interest Rate
6.66%
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
L & R Property Holdings 1 Llc -- None Listed On Document
B & R Services Llc $240,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner B & R Services Llc $322,500
Previous Owner B & R Services Llc $282,250
Previous Owner Kaufman Timothy E $102,000
Previous Owner Kaufman Timothy E $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $240,000 -15.8% $242 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $285,000 0.0% $288 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
12/29/2023 12/29/23 Price Changed $285,000 -10.9% $288 / Sq Ft
10/26/2023 10/26/23 Price Changed $320,000 -4.5% $323 / Sq Ft
05/19/2023 05/19/23 For Sale $335,000 -- $338 / 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 $2,432 $267,300 $128,300 $139,000
2023 $2,432 $232,000 $99,600 $132,400
2022 $2,279 $205,500 $73,600 $131,900
2021 $2,089 $190,300 $70,800 $119,500
2020 $2,009 $161,400 $71,800 $89,600
2019 $1,813 $151,400 $63,300 $88,100
2018 $1,772 $131,400 $52,900 $78,500
2017 $1,444 $115,100 $58,300 $56,800
2016 $1,280 $104,150 $50,450 $53,700
2014 -- $101,950 $50,450 $51,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2070609

Northwest Multiple Listing Service (NWMLS)

APN: 68903300100