625 Union Ave SE Olympia, WA 98501
Eastside NeighborhoodEstimated payment $3,423/month
Highlights
- 0.31 Acre Lot
- Territorial View
- Level Lot
- Reeves Middle School Rated A-
- No HOA
About This Lot
Located three blocks from the Capitol Building, this 120 ft x 111 ft size lot, 120 ft frontage on Union Avenue SE, making it exceptionally suitable for a variety of developments including apartment buildings, senior housing, homeless shelters, and more due to its "Urban Residential" zoning(UR), which could permit up to 5 story 42 ft height with 85% lot coverage, a 10 ft front setback, 5 ft rear set back, no side setbacks can provide 11,000 SF lot coverage X 4 story building (44,000 SF for 45-60 unit apartment or senior housing or 70 homeless housing units ). No parking required for residential apartment,senior housing or home less shelter . previously used as a parking lot for an office building.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2325187
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,723
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 120 x 111
- Level Lot
- Zoning described as Commercial
Schools
- Lincoln Elementary School
- Olympia High School
Additional Features
- Territorial Views
- Sewer in Street
Community Details
- No Home Owners Association
- Swan's Addition Condos
- Olympia Subdivision
Listing and Financial Details
- Legal Lot and Block Lot 3 / 55
- Assessor Parcel Number 78205500300
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,723 | $323,400 | $308,600 | $14,800 |
| 2023 | $2,723 | $259,900 | $244,700 | $15,200 |
| 2022 | $3,533 | $253,100 | $238,300 | $14,800 |
| 2021 | $4,479 | $295,400 | $282,300 | $13,100 |
| 2020 | $4,024 | $346,800 | $334,700 | $12,100 |
| 2019 | $3,898 | $303,900 | $292,500 | $11,400 |
| 2018 | $3,539 | $262,700 | $251,000 | $11,700 |
| 2017 | $3,259 | $260,700 | $247,300 | $13,400 |
| 2016 | $3,203 | $285,650 | $277,250 | $8,400 |
| 2014 | -- | $256,050 | $246,450 | $9,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2025 01/23/25 | For Sale | $599,950 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,294,719 | Thurston County Title Co | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $124,200 | Thurston County Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,176,250 | Commercial | |
| Previous Owner | $1,238,689 | Unknown | |
| Previous Owner | $1,550,000 | Unknown |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2325187
APN: 78205500300
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Based on information submitted to the MLS GRID
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