1 month on rocket

3532 Mary Elder Rd NE, Olympia, WA, 98506

$1,750,000

Home List Price

$10,000*

Closing Credit

0 Baths
7,163 SqFt
$244/SqFt
House

Location

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3532 Mary Elder Rd NE, Olympia$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Year Built1950
HeatingBaseboard
CoolingNone
MLS #2302368
Lot Size0.48 Acres
StatusActive

About 3532 Mary Elder Rd NE

Exceptional Investment Opportunity in the Heart of Olympia! Discover this well-maintained TRIPLEX featuring 11 units, offering a rare investment opportunity in a prime and central location. Tenants can enjoy easy access to local shops, dining, and public transportation ensuring high occupancy rates and consistent rental income. The property includes shared laundry facilities and ample parking space, valuable assets in this bustling area. Each unit is thoughtfully designed for long-term tenancy, making it ideal for investors looking to expand their portfolio in a thriving area. With a strong rental history and growth potential, this property combines stability with room for appreciation. An asset like this won’t last long - call today!

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2
  • Living Area: 7,163 SqFt

Listing Office:

  • Office Name: COMPASS
  • Office Phone: (425) 242-6440
  • Listing Agent: Lisa Le

Interior Features

Interior Information:

  • Flooring Type: Laminate, Vinyl, Carpet
  • Interior: Laminate, Wall to Wall Carpet

Exterior Features

Exterior Information:

  • Exterior: Wood, Wood Products

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.48 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: From I-5 exit 109, follow Martin Way, right turn on Lilly Rd and left onto Mary Elder Rd - property will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $244/SqFt

Tax Information:

  • Annual Amount: $6,967
  • 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

$552.9K

Med. Price/SqFt

$294

Avg. Days On Market

40

# of Sold Homes

157

3532 Mary Elder Rd NE vs Olympia

35 DAYS ON ROCKET

-5 Days

$1,750,000

+$1.1M More

$244/SqFt

-$51 Less

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $51/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: #2302368

Listing Office:

  • Office Name: COMPASS
  • Office Phone: (425) 242-6440
  • Listing Agent: Lisa Le

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: 11/21/2024, 7:17:49 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

Sep 15, 2016Home Sold
$630,000
Aug 02, 2004Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,967$540,400
2019$6,845$626,900
2018$8,316$598,500
2017$6,829$599,100

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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-409094
5
/10

  • Pleasant Glade Elementary School

  • 1920 Abernethy Rd NE

  • 1.35 miles

  • Public District Grades PK-5

school-card-donut-409095
5
/10

  • Mountain View Elementary School

  • 1900 College St SE

  • 1.72 miles

  • Public District Grades PK-5

school-card-donut-409096
4
/10

  • Madison Elementary School

  • 1225 Legion Way SE

  • 1.95 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 $52,692. The most common annual income of people living in Olympia, WA is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree 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 3532 Mary Elder Rd NE

What is the listing price of this property?

The listing price of 3532 Mary Elder Rd NE property is $1,750,000.

What type of property is this?

The property 3532 Mary Elder Rd NE is a house located in Olympia, Washington, 98506.

Is this property for sale now?

Active Listing: 3532 Mary Elder Rd NE 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 $6,967 (source: MLS/based on county public records data).

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

The last sale was on September 15, 2016 for $630,000. (source: MLS/tax record).

What is the square footage of this property?

The property 3532 Mary Elder Rd NE is 7,163 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3532 Mary Elder Rd NE is 1950.

Rocket Homes›Washington›Thurston County›Olympia›98506›3532 Mary Elder Rd NE

This home is located at 3532 Mary Elder Rd NE in Olympia, WA and zip code 98506. This 7,163 square foot home, which was built in 1950, sits on a 0.48 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $1,750,000.

In October 2024, from all listings sold in Olympia, WA there were more than 42 sold above asking price, over 73 sold below and more than 42 were sold right at the asked price. The number of homes for sale in Olympia, WA increased by 7.2% between September 2024 and October 2024. In October 2024 median list price was $552,996 and the average listing age was 40 days.

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

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