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507 Pear Street NE

Olympia, WA 98501
  • $2,300,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 2023664
UPDATED: 26 min ago
$2,300,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,512
    SQFT
  • $1,521
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logoListing Courtesy of Pettit Realty Llc: 360-459-1234.


Description

This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northwest Home Team Realty, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-01-29T16:13:53.19. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-01-29T16:13:53.19. 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.
www.mynwhometeam.com/homes/135592249
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507 Pear Street NE Olympia, WA 98501

  • Price: $2,300,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 26 min ago
  • ID#: 2023664
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,512
SQFT
$1,521
$/SQFT
1920
Built
Neighborhood:
East Bay
County:
Thurston
Area:
Olympia North
Elementary School:
Roosevelt Elementary
Middle School:
Reeves Mid
High School:
Olympia High
School District:
Olympia
Property Description
This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.
Exterior Features

Architectural Style Contemporary Attached Garage YN Yes Carport YN No Covered Spaces 2 Exterior Features Wood Products Garage YN Yes Levels One Lot Features AlleyValue In Land Open Parking YN No Parking Features Attached Garage Parking Total 2 Roof Composition Structure Type House Style Code 16 - 1 Story W/Bsmnt. Topography Partialslope View BayCityMountain(S)See RemarksSound View YN Yes Waterfront YN No

Interior Features

Basement Partially Finished Baths Full Garage 0 Baths Full Lower 0 Baths Full Main 0 Baths Full Upper 0 Baths Half Garage 0 Baths Half Lower 0 Baths Half Main 0 Baths Half Upper 0 Baths Three Quarter Garage 0 Baths Three Quarter Lower 0 Baths Three Quarter Main 0 Baths Three Quarter Upper 0 Bedrooms Lower 0 Bedrooms Upper 0 Building Area Total 1512 Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced Air Living Area 1176 Main Level Bedrooms 0 Square Footage Finished 1176 Square Footage Unfinished 336

Property Features

Building Information Built On Lot Building Name Bigelow Bus Line Nearby Yes Cumulative Days On Market 4 Direction Faces West Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Land Lease YN No Listing Terms Cash OutSee Remarks Lot Number 1 New Construction YN No Possession NegotiableTenant's Rights Power Company Pse Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Residential Senior Community YN No Senior Exemption No Sewer Sewer Connected Sewer Company Olympia Site Features Gas AvailableHigh Speed Internet Special Listing Conditions None Tax Annual Amount 3623 Tax Year 2022 Utilities High Speed InternetNatural Gas AvailableSewer ConnectedElectricity AvailableNatural Gas Connected Water Company Olympia Water Source Public Year Built Effective 1990 Zoning Description Rm 18 Zoning Jurisdiction City

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Northwest Home Team Realty, LLC and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northwest Home Team Realty, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-01-29T16:13:53.19. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-01-29T16:13:53.19. 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.
 
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Northwest Home Team Realty, LLC
111 Tumwater Blvd SE, Ste A109
Tumwater WA, 98501
Northwest MLS logoListing Courtesy of Pettit Realty Llc: 360-459-1234.