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For Sale 245 Days Online
$1,975,000
Originally $2,300,000
6.63 Acres Lot
No Garage
9115 Old Highway 99 SE Olympia WA 98501
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.
Offer Review
Will review offers when submitted
NWMLS Listing #
2159407
Listed by
Drew Staudt, Windermere Professional Prtnrs
We don't currently have a buyer representative in this area. To be sure that you're getting objective advice, we always suggest buyers work with their own agent, someone who is not affiliated with the seller.
Property History
May 08, 2024
Price Reduction arrow_downward
$1,975,000
NWMLS #2159407
Jan 10, 2024
Back on Market
$2,300,000
NWMLS #2159407
Oct 27, 2023
Went Pending Feasibility
$2,300,000
NWMLS #2159407
Sep 18, 2023
Listed
$2,300,000
NWMLS #2159407
More
Listing Details
  • Status
    For Sale
  • Price
    $1,975,000
  • Original Price
    $2,300,000
  • List Date
    September 18, 2023
  • Last Status Change
    January 11, 2024
  • Last Update
    May 14, 2024
  • Days on Market
    245 Days
  • Cumulative DOM
    166 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
    NWMLS
  • MLS Number
    2159407
  • Listing Broker
    Drew Staudt
  • Listing Office
    Windermere Professional Prtnrs
Monthly Payment Estimate
  • Principal and Interest
    $9,987 / month
  • Property Taxes
    $180 / month
  • Homeowners Insurance
    $160 / month
  • TOTAL
    $10,327 / month

  • based on 20% down
    ($395,000)
  • and a
    6.5% Interest Rate
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    Unspecified
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Res-Over 1 Acre
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    6.63 Acres Lot
  • Lot Size Source
    Public Records
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2023 Property Taxes
    $2,157 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Tumwater
  • Elementary
    East Olympia Elem
  • Middle
    George Wash Bush Mid
  • High School
    Tumwater High
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Views
  • Territorial
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Paved
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
    Conventional
Utilities
  • Sewer
    Available
    In Street
  • Water Source
    Available
    In Street
    Private Well
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.5%
  • MLS Area #
    Area 443
  • Number of Photos
    23
  • Last Modification Time
    Tuesday, May 14, 2024 7:11 PM
  • System Listing ID
    5260855
Update Info
  • Price Reduction
    2024-05-08 10:30:03
  • Back On Market
    2024-01-10 16:52:17
  • Pending Or Ctg
    2023-10-27 19:09:26
  • First For Sale
    2023-09-18 15:40:03
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For Sale 245 Days Online
$1,975,000     ▼ Price Reduction $325K
Offer Review: Anytime
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Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.
Neither Wicklund Real Estate nor any officer, agent, or employee of Wicklund Real Estate warrants the accuracy, reliability, or timeliness of any information on this website and shall not be liable for any losses caused by such reliance on the accuracy, reliability, or timeliness of such information. Any person or entity that relies on information obtained from this website does so at his or her own risk. The information contained in each listing has not been verified by Wicklund Real Estate. NWMLS listing data (indicated by the three trees icon) is provided (but not compiled) courtesy of the NWMLS.