Sold
Last Sold Price
1,924 sqft$353/sqft
1517 Lilly Rd NE, Olympia, WA 98506
Multi FamilyProperty Type
1.09 acresLot Size
1936Year Built
$353/sq ftPrice per sq ft
21 carsParking Spaces

Description

Truly a rare and unique find, especially in today's market! This incredible property boasts a 3 bedroom, 2.5 bath home w/a huge kitchen, a main floor master suite, a detached 3 car garage w/a full apartment above, and the potential for an office (3/4 bath in) or ??? down below. Plus, yes, there is an amazing 60x36 5-bay shop (32 16 is covered RV w/open sides) w/4-12' doors, 12x12 enclosed awning, and a bathroom. The property is zoned 4-8 which means that it has the potential to have 4-8 units. Sewer...Truly a rare and unique find, especially in today's market! This incredible property boasts a 3 bedroom, 2.5 bath home w/a huge kitchen, a main floor master suite, a detached 3 car garage w/a full apartment above, and the potential for an office (3/4 bath in) or ??? down below. Plus, yes, there is an amazing 60x36 5-bay shop (32 16 is covered RV w/open sides) w/4-12' doors, 12x12 enclosed awning, and a bathroom. The property is zoned 4-8 which means that it has the potential to have 4-8 units. Sewer is coming up Lilly so there is so much upside to this investment opportunity! The home, the 3-car garage, and the 5-bay Shop are all individually metered.
  • Listed by: Wesley Neal wes@nwunique.com • Abbey Realty Inc
Listing closed: 05/06/2022 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1907816

Recent comparable sales

Median sold price

$560,000

Avg days on market

28

Sale-to-list ratio

97.7%

Olympia, WA

9 comparable properties found

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Location

Listing Courtesy of Abbey Realty Inc

Sold By RE/MAX Metro Realty, Inc.

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Property Taxes

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Property Information for 1517 Lilly Road Northeast

Property Details
  • Taxes: $5,419 / year
  • MLS Type: Residential Income
  • Community Name: Eastside Olympia
  • School District: North Thurston
  • Number of Assigned Spaces: 21
  • Total Covered Parking: 7
  • Offers Review Date: 04-05-2022
  • Entry Date: 03-28-2022
  • Energy Source: Electric,Natural Gas
  • Sewer: Septic Tank
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1936
  • Lot Size: 1.09 AC / 47,480 SF
Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Barn, Cable TV, Deck, Fenced-Fully, Gas Available, Outbuildings, Patio, Rooftop Deck, RV Parking, Shop
  • Area: 447 - Olympia North
  • Elementary School: South Bay Elem
  • Middle Or Junior School: Chinook Mid
  • High School: North Thurston High
  • Effective Year Built Source: Public Records
  • Directions: North on Lilly from Martin Way. Property on left just before 26th Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 3.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 11.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition, Flat
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Individual Well
  • Water/Sewer/Garbage: 0
  • Power Production Type: Electric, Natural Gas
  • Utilities: Cable Connected, Natural Gas Available, Septic System, Electric, Natural Gas Connected, Individual Well
Property and Assessments
  • New Construction YN: No
  • Foundation: Post & Block
  • First Right Of Refusal: false
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1993
  • Photos Count: 35
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Public records
  • Parcel Number Free Text: 11807111200
  • Building Condition: Average
  • Calculated Square Footage: 1924
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1924.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 11
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 6219
  • Gross Adjusted Income: 33260
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: $33,260
  • Insurance Expense: $800
  • Net Operating Income: $26,841
  • Other Expenses: $0
  • Total Monthly Income: 2755
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2524.0
  • Leasable Area Units: Square Feet

Property History for 1517 Lilly Road Northeast

DateEvent & SourcePriceAppreciation
May 6, 2022

Sold

NWMLS #1907816

$680,000
Apr 19, 2022

Sold (Public Record)

Public Record #1488569547

$680,000

+4.9% / yr

Apr 3, 2022

Pending

NWMLS #1907816

DateEvent & SourcePrice
05/06/2022

Sold

NWMLS #1907816

$680,000
04/19/2022

Sold (Public Record)

Public Record #1488569547

$680,000

+4.9% / yr

04/03/2022

Pending

NWMLS #1907816

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1517 Lilly Road Northeast

Taxable ValueLand$192,000Additions$456,500Total$648,500
Tax Record2026$63 ($5 / month)
Home Facts
Beds3Baths3.5Total Finished SqFt1,924 SqFtAbove Ground SqFt1,924 SqFtStories2Lot Size47,480 SqFtStyleSingle Family ResidenceYear Built1936Year Renovated1983CountyTHURSTONAPN1180-71-11200Fireplace TypeHas Fireplace

Schools near 1517 Lilly Road Northeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Pleasant Glade Elementary School
PublicPK to 5

Chinook Middle School
Public6 to 8

North Thurston High School
Public9 to 12

Ignite Family Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Abbey Realty Inc

Based on information submitted to the MLS GRID as of 09/05/2024 05:44 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.