Check Availability

4525 Martin Way East

4525 Martin Way East, Olympia, WA 98516
Property in Thurston
4525 Martin Way East in Olympia, WA was first built in 1991 and is 33 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a commercial property type. It is a single story home. 4525 Martin Way East has 3,860 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 40,005 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating system. The property was last sold in Aug 3, 2021 for $2,071,000. That's $536.53 per sqft. Prior to that sales transaction, the property was also sold in Oct 6, 2017 for $1,999,719. 4525 Martin Way East was last assessed in 2022. The total value of the property was assessed at $2,553,900. Specifically, the land the property is located on was valued at $901,100. While improvements on the property were assessed at a total of $1,652,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $25,121. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 40,005
  • Total Building Area: 3,860
  • Gross Building Area: 3,860
  • Building Area: 3,860
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 3,860
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: BLA#BLA-5641
  • Land Acres: 0.918
  • Standard Land Use Code: Grocery, supermarket
  • Legal Description 1: SECTION 17 TOWNSHIP 18 RANGE 1W QUARTER SE NE BLA-5641 TR A DOCUMENT 010/463

Ownership

  • Current Owner : HIGHWAY 99 CENTER LLC
  • Previous Owner : A & M OLYMPIA HOLDINGS LLC
  • Owner Before Previous Owner: ADILI CHRISTIAN C
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: North Thurston Public Schools
  • School Tax School District: NORTH THURSTON
  • Census Tract: 012224

Zoning

  • Zoning: HDC-4

Geography

  • Subdivision Tract Number: A
  • Parcel: 11817141701
  • Meridian: SEC 17 TWN 18 RNG 01
  • Municipality: CITY OF OLYMPIA
  • Latitude: 47.0482
  • Longitude: -122.824

    Address

  • Full Address: 4525 Martin Way E
  • Address - House Number: 4525
  • Street Segment Direction: E
  • Address - Street Name: Martin
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Olympia
  • Carrier Code: C064
  • 4-Digit Zip Code: 5364
  • Zip Code: 98516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,121
  • Tax Rate Code Area: 114

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,210,000
  • First Open Lien Mortgage Lender: RIVERVIEW COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Aug 06, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,210,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $2,553,900
  • Market Land Value: $901,100
  • Market Improvement Value: $1,652,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,553,900
  • Assessed Land Value: $901,100
  • Assessed Improvements Value: $1,652,800

    Sales

  • Current Sale Contract Date: Aug 03, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Transaction ID: 11848069883
  • Current Sale Price: $2,071,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4872628
  • Previous Sale Recording Date: Oct 10, 2017
  • Previous Sale Contract Date: Oct 06, 2017
  • Previous Sale Amount: $1,999,719
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RIVERVIEW COMMUNITY BANK
  • First Mortgage Transaction Date: Aug 06, 2021
  • First Mortgage Loan Amount: $1,210,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Olympia



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 4525 Martin Way East located in?
The 4525 Martin Way East is a located in the neighborhood of Thurston in Olympia, Olympia.
What is the average sales price for listings in 4525 Martin Way East?
The average sales price for units in 4525 Martin Way East is $0 currently.

Quantcast