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510 Capitol Way South

510 Capitol Way South, Olympia, WA 98501
Property in Downtown Olympia
Local assessors in Olympia, WA have categorized 510 Capitol Way South as a commercial type of property. The home was built in 1919 and is 105 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 6,300 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 510 Capitol Way South has a total of 5,820 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of block were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a space/suspended heating system is the primary heating source. The property was last sold in Dec 16, 2002 for $780,000. That's $134.02 per sqft. 510 Capitol Way South was last assessed in 2022. The total value of the property was assessed at $943,300. Specifically, the land the property is located on was valued at $228,200. While improvements on the property were assessed at a total of $715,100. 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 $9,021. 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: 1919
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Masonry
  • Exterior Walls Type: Block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 5,820
  • Gross Building Area: 5,820
  • Building Area: 5,820
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Space/suspended
  • Heated Square Feet: 5,820
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: SYLVESTER TOWN OF OLYMPIA
  • Land Acres: 0.145
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: SYLVESTER L 4 B 6 W 105F

Ownership

  • Current Owner : MOTTE MICHAEL
  • Current Owner 2: MOTTE JOHN D
  • Previous Owner : LOCKE LOY HUGH
  • Previous Owner 2: LOCKE HILTON LOY
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 01, 2023

Neighborhood

  • Census Tract: 010100

Zoning

  • Zoning: DB

Geography

  • Parcel: 78500600400
  • Block: 6
  • Lot: 4
  • Municipality: CITY OF OLYMPIA
  • Latitude: 47.0437
  • Longitude: -122.902

    Address

  • Full Address: 510 Columbia St Sw
  • Address - House Number: 510
  • Street Segment Direction: SW
  • Address - Street Name: Columbia
  • Address - Suffix Type: St
  • State: WA
  • City Name: Olympia
  • Carrier Code: C006
  • 4-Digit Zip Code: 1238
  • Zip Code: 98501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,021
  • Tax Rate Code Area: 110

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,687
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Nov 12, 2010
  • First Open Lien Mortgage Loan Amount: $350,687
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $943,300
  • Market Land Value: $228,200
  • Market Improvement Value: $715,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $943,300
  • Assessed Land Value: $228,200
  • Assessed Improvements Value: $715,100

    Sales

  • Current Sale Contract Date: Dec 16, 2002
  • Current Sale Recording Date: Dec 23, 2002
  • Current Sale Transaction ID: 1068737032
  • Current Sale Price: $780,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3488842

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NORTHWEST NAT
  • First Mortgage Transaction Date: Dec 23, 2002
  • First Mortgage Loan Amount: $585,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Downtown Olympia



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Frequently Asked Questions

What neighborhood is 510 Capitol Way South located in?
The 510 Capitol Way South is a located in the neighborhood of Downtown Olympia in Downtown Olympia, Olympia.
What is the average sales price for listings in 510 Capitol Way South?
The average sales price for units in 510 Capitol Way South is $0 currently.

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