Listed By:
Windermere Professional Prtnrs and NWMLS
Address
9115 Old Highway 99 SE, Olympia, WA
Price
$ 1,975,000
Property Attributes
  • ID#2159407
  • TypeLand
  • CountyTHURSTON
  • CityOlympia
  • AreaTumwater
  • NeighborhoodOlympia
  • Zip98501
  • StyleRes-Over 1 Acre
  • Taxes$ 2157
  • Price$ 1,975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6.63 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

REDUCED PRICE - 6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.

Elementary School Middle School High School
East Olympia Elem George Wash Bush Mid Tumwater High
Price History
9/18/2023 Listed $2,300,000
5/8/2024 15% - $1,975,000

General Features

Sewer Available,In Street
Utilities Natural Gas Available,Electricity Connected,Septic Design Installed
Possession Closing,Negotiable
View Territorial
Topography Level
Property SubType Land
Tax Year 2023
County Thurston
Property Type Land
HOA / Comm Assn No
Subdivision Name Olympia
Possible Use Residential
Special Listing Conditions None
Status Active
Directions South on Old Hwy 99 to property on the right-hand side at the address (3 driveway options). Alternatively,east on 93rd Ave SE to the driveway on the left-hand side.
ModificationTimestamp 2024-05-20T20:35:20.815Z
High School Tumwater High
City Olympia
Buyer Agent Compensation 2.5
View Y/N Yes
Senior Community Y/N No
High School District Tumwater
Zoning Description MFM
MLS Area 443 - Tumwater
Lot Size Units Square Feet
Lot Size Square Feet 288803
Waterfront Y/N No
Carport Y/N No
Listing Terms Cash Out,Conventional
Elementary School East Olympia Elem
Tax Annual Amount 2157
Middle/Junior High School George Wash Bush Mid
Public Remarks REDUCED PRICE - 6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family,townhouses,rowhouses,manufactured home parks,senior housing,cottage housing,& more. Densi
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Property Features Garden/Fruit Trees,Lightly Treed,Partially Cleared,Pasture Land
Gas Status In Street
Zoning Class Residential
Property Style 41 - Res-Over 1 Acre
NWM_ShowMapLink Yes

Interior Features

Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Electric On Property Y/N Yes
Bedrooms Possible 3

Exterior Features

Lot Features Paved
Water Source Available,In Street,Private Well
Lot Size Acres 6.63
Road Surface Type Paved
Road Responsibility County
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 98501

Price
AVG $820K
$1.98M
Taxes
AVG $3,563
$2,157
Visits
AVG 255
647
Data Provided by Inside Real Estate®
Walkscore
AVG 22
7
Data Provided by Walkscore® not using MLS data