14 days on rocket

1512 Fones Rd SE, Olympia, WA, 98501

$2,750,000

0 Baths
8,169 SqFt
$337/SqFt
House

Location

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Property Highlights

Year Built1963
HeatingBaseboard, Forced Air
CoolingNone
MLS #2314484
Lot Size1.34 Acres
StatusActive

About 1512 Fones Rd SE

Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in opportunity zone with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 1
  • Living Area: 8,169 SqFt

Listing Office:

  • Office Name: Better Properties N. Proctor
  • Office Phone: (253) 761-8888
  • Listing Agent: Josh J. Carlson

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet

Exterior Features

Exterior Information:

  • Exterior: Brick, Wood, Wood Products

Lot Features

Lot Information:

  • Lot: Dead End Street, Paved
  • Lot Size: 1.34 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,750,000
  • Price Per SqFt: $337/SqFt

Tax Information:

  • Annual Amount: $3,266
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Olympia, WA.

Med. Sold Price

$550.5K

Med. Price/SqFt

$295

Avg. Days On Market

47

# of Sold Homes

130

1512 Fones Rd SE vs Olympia

14 DAYS ON ROCKET

-33 Days

$2,750,000

+$2.1M More

$337/SqFt

+$41 More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $41/SqFt more than other homes in Olympia, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2314484

Listing Office:

  • Office Name: Better Properties N. Proctor
  • Office Phone: (253) 761-8888
  • Listing Agent: Josh J. Carlson

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 1:47:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 29, 2020Home Sold
$1,454,719
Dec 19, 2018Home Sold
$1,200,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,266$252,900
2019$2,470$254,500
2018$2,767$215,500
2017$2,008$199,100

History based on county public records data.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,311

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-36
7
/10
  • McKenny Elementary School

  • 3250 Morse Merryman Rd SE

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-37
5
/10
  • Mountain View Elementary School

  • 1900 College St SE

  • 1.18 miles

  • Public District Grades PK-5

school-card-donut-38
6
/10
  • Pioneer Elementary School

  • 1655 Carlyon Ave SE

  • 1.88 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,354. The majority of Olympia, WA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Olympia, WA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Olympia, WA?

Olympia's housing market showcases a diverse array of options, with single-family homes being a significant presence, reflecting a mix of contemporary and classic Pacific Northwest architectural styles. The market also includes a selection of condominiums and townhouses, providing alternatives for those seeking a more urban living experience. The homeownership rate in Olympia is robust, with a majority of residents owning their homes, while a substantial portion opts for renting, indicating a balanced housing ecosystem.

Is Olympia, WA a good place to live?

Olympia is celebrated for its vibrant arts scene and community-oriented atmosphere. The city prides itself on its array of local festivals, including the well-known Olympia Arts Walk and the Wooden Boat Festival, which embody the city's creative spirit and maritime heritage. The downtown area, with its eclectic mix of shops and cafes, serves as a hub for both residents and visitors, fostering a sense of community and local pride.

Are things conveniently located in Olympia, WA?

The community benefits from a solid educational system, with numerous public and private schools catering to a range of educational needs, from elementary to higher education, including The Evergreen State College. Olympia's healthcare network includes several hospitals and clinics, offering services from primary care to specialized medical treatments. The city also features a public library system that serves as a resource and gathering place for residents. Retail and dining options abound, with an emphasis on local businesses that reflect the city's culture and values.

What does the transportation in Olympia, WA look like?

Olympia's transportation infrastructure supports a variety of transit options, with a focus on sustainability and accessibility. The city's public transit system provides regular bus services, connecting neighborhoods to the downtown core and beyond. The area is also conducive to walking and cycling, with numerous trails and bike lanes. Major roadways facilitate travel in and out of the city, and ongoing investments in transportation aim to enhance the efficiency and convenience of moving around Olympia.

Frequently Asked Questions About 1512 Fones Rd SE

What is the listing price of this property?

The listing price of 1512 Fones Rd SE property is $2,750,000.

What type of property is this?

The property 1512 Fones Rd SE is a house located in Olympia, Washington, 98501.

Is this property for sale now?

Active Listing: 1512 Fones Rd SE is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,266 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 29, 2020 for $1,454,719. (source: MLS/tax record).

What is the square footage of this property?

The property 1512 Fones Rd SE is 8,169 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1512 Fones Rd SE is 1963.
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Rocket Homes›Washington›Thurston County›Olympia›98501›1512 Fones Rd SE

This home is located at 1512 Fones Rd SE in Olympia, WA and zip code 98501. This 8,169 square foot home, which was built in 1963, sits on a 1.34 acre lot. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $2,750,000.

While more than 29 listings in Olympia, WA in November 2024 were sold above asking price, there were more than 47 listings sold at asking price, and more than 54 were sold below. The inventory of homes for sale in Olympia, WA between October 2024 and November 2024 decreased by 10.7%. In November 2024 median list price was $550,533 and the average listing age was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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