NOT LISTED FOR SALE

505 Union Ave SE Olympia, WA 98501

Downtown Olympia Neighborhood
2 Beds
-- Bath
46,372 Sq Ft
0.35 Acres

About This Home

This home is located at 505 Union Ave SE, Olympia, WA 98501. 505 Union Ave SE is a home located in Thurston County with nearby schools including Lincoln Elementary School, Washington Middle School, and Avanti High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2023
Sold by
Star 1 505 Union Llc
Bought by
505 Union Avenue Llc

Purchase Details

Closed on
Sep 4, 2018
Sold by
Rants Roland A and Murphy Nicholas D
Bought by
Star Ii 505 Union Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,176,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2001
Sold by
Peterson Dennis H and Peterson Joan R
Bought by
Peterson Family Ltd Partnership #1

Purchase Details

Closed on
Dec 11, 1998
Sold by
Mainstreet Investors Vi
Bought by
Mainstreet Investors Viii

Purchase Details

Closed on
Aug 27, 1998
Sold by
Mainstreet Investors Vi
Bought by
Republic Building Co Tenancy
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
505 Union Avenue Llc $1,600,000 Chicago Title
Star Ii 505 Union Llc $4,294,719 Thurston County Title Co
Peterson Family Ltd Partnership #1 -- --
Mainstreet Investors Viii -- Thurston County Title Co
Republic Building Co Tenancy -- Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Star Ii 505 Union Llc $3,176,250
Previous Owner Rants Roland A $1,238,689
Previous Owner The Republic Building Co Tenancy $1,550,000
Source: Public Records

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 $37,732 $3,305,400 $632,700 $2,672,700
2023 $37,732 $4,276,400 $554,400 $3,722,000
2022 $50,418 $4,199,800 $365,400 $3,834,400
2021 $55,574 $4,226,700 $582,000 $3,644,700
2020 $50,514 $4,311,900 $419,500 $3,892,400
2019 $42,286 $3,823,600 $430,100 $3,393,500
2018 $53,411 $3,969,200 $978,400 $2,990,800
2017 $42,691 $3,424,200 $694,400 $2,729,800
2016 $36,316 $2,729,200 $447,800 $2,281,400
2014 -- $2,910,150 $398,050 $2,512,100
Source: Public Records

Map

Washington Thurston County Olympia 98501 Downtown Olympia

505 Union Ave SE, Olympia, WA

This home is located at 505 Union Ave SE, Olympia, WA 98501. 505 Union Ave SE is a home located in Thurston County with nearby schools including Lincoln Elementary School, Washington Middle School, and Avanti High School.

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