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1821 Water St SW, Olympia, WA, 98501

$625,000

Home List Price

$7,422*

Closing Credit

0 Baths
2,352 SqFt
$266/SqFt
House

Location

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1821 Water St SW, Olympia$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingRV Parking
Year Built1910
HeatingZoned, Forced Air
CoolingHeat Pump
WaterfrontLake Front
ViewLake, Territorial
MLS #2317503
Lot Size0.74 Acres
StatusActive

About 1821 Water St SW

This property features two rentable units: a historic main home with tons of upside potential and a fully rebuilt accessory dwelling unit (ADU) that feels like a standalone fully functional home. The main home would rent well as is but also offers a great opportunity for value-add renovations to maximize rental income and drive sweat equity. The modern ADU, rebuilt in 2002, features high-end finishes, ADA accessibility, a functional floorplan, large windows, and a recently reinforced wraparound deck. Both units can generate steady income, and the property’s prime location near Capitol Lake, downtown, and unique historic homes makes it a highly desirable location. Perfect for investors looking for strong rental demand and upside potential.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2
  • Living Area: 2,352 SqFt

Listing Office:

  • Office Name: John L. Scott Olympia
  • Office Phone: (360) 200-5333
  • Listing Agent: Jake DeAtley

Interior Features

Interior Information:

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

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake, Territorial
  • Exterior: Cement Planked, Wood, Wood Products

Parking Information:

  • Parking: RV Parking

Lot Features

Lot Information:

  • Lot: Paved, Sidewalk
  • Lot Size: 0.74 Acres

Utilities

Utilities Information:

  • Heating: Zoned, Forced Air
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: Please use GPS :)

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $266/SqFt

Tax Information:

  • Annual Amount: $5,407
  • Tax Year: 2020
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Housing Market Comparison

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

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Olympia, WA

City

Med. Sold Price

$550.5K

Med. Price/SqFt

$295

Avg. Days On Market

47

# of Sold Homes

130

1821 Water St SW vs Olympia

2 DAYS ON ROCKET

-45 Days

$625,000

+$74.4K More

$266/SqFt

-$30 Less

KEY TAKEAWAY

This property is $74.4K more than the Median Sold Price and $30/SqFt less than other homes in Olympia, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2317503

Listing Office:

  • Office Name: John L. Scott Olympia
  • Office Phone: (360) 200-5333
  • Listing Agent: Jake DeAtley

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: 12/21/2024, 8:17:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 1996Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,407$418,800
2019$4,511$389,500
2018$4,589$367,100
2017$4,940$340,700

History based on county public records data.

Payment Calculator

$3,187

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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NMLS#3030

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-777092
6
/10

  • Lincoln Elementary School

  • 213 21st Ave SE

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-777093
4
/10

  • Madison Elementary School

  • 1225 Legion Way SE

  • 1.23 miles

  • Public District Grades PK-5

school-card-donut-777094
4
/10

  • Garfield Elementary School

  • 325 Plymouth St NW

  • 1.35 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,086. Typical income of Olympia, WA residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1821 Water St SW

What is the listing price of this property?

The listing price of 1821 Water St SW property is $625,000.

What type of property is this?

The property 1821 Water St SW is a house located in Olympia, Washington, 98501.

Is this property for sale now?

Active Listing: 1821 Water St SW 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 $5,407 (source: MLS/based on county public records data).

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

The last sale was on January 31, 1996 for $150,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1821 Water St SW is 2,352 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1821 Water St SW is 1910.

Rocket Homes›Washington›Thurston County›Olympia›98501›1821 Water St SW

This home is located at 1821 Water St SW in Olympia, WA and zip code 98501 in the South Capitol neighborhood. This 2,352 square foot home, which was built in 1910, sits on a 0.74 acre lot. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $625,000.

In November 2024, from all listings sold in Olympia, WA there were more than 29 sold above asking price, over 54 sold below and more than 47 were sold right at the asked price. The number of homes for sale in Olympia, WA decreased by 10.7% between October 2024 and November 2024. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $550,533.

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

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