Opportunity time! This ideally located .34 acre site is zoned Urban Residential and is sited so conveniently close to office buildings, downtown, and the freeway in a high density job area. Urban Residential requires no minimum/maximum unit/acre density requirements. 55' height restriction. Would appear to provide 20-25 units on site.
Property Details
Property Features
Listing Office:
Office Name: Virgil Adams Real Estate, Inc.
Listing Agent: Spence Weigand
Exterior Features
Exterior Information:
View: City
Lot Features
Lot Information:
Lot: Corner Lot, Curbs, Paved
Lot Size: 0.33 Acres
School Info
Assigned Schools Information:
Washington Middle School, Public District Grades 6-8
Lincoln Elementary School, Public District Grades KG-5
Olympia Regional Learning Academy B, Public District Grades KG-5
Other
Directions Information:
Directions: When traveling South on I-5 / Take Exit 105 towards State Capitol / Merge onto 14 Ave SE / Take the first exit on Jefferson/ Turn right on 14th Ave SE / Turn right onto Cherry St SE
Price Information
Listing Price Info
Price Summary:
List Price: $500,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Olympia, WA.
This property is $45.3K less than the Median Sold Price in Olympia, WA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NWMLS
MLS Number: #2173038
Listing Office:
Office Name: Virgil Adams Real Estate, Inc.
Listing Agent: Spence Weigand
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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.
Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site 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. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 5:17:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,563
Per Month
Principal & Interest
$2,496
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,566
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Lincoln Elementary School
213 21st Ave SE
Distance between this listing and this school0.61 miles
Public District Grades KG-5
7
/10
Olympia Regional Learning Academy B
2001 26th Ave NW
Distance between this listing and this school2.75 miles
Public District Grades KG-5
Middle School
8
/10
Washington Middle School
3100 Cain Rd SE
Distance between this listing and this school1.64 miles
Public District Grades 6-8
Assigned Schools
6
/10
Lincoln Elementary School
213 21st Ave SE
Distance between this listing and this school0.61 miles
Public District Grades KG-5
7
/10
Olympia Regional Learning Academy B
2001 26th Ave NW
Distance between this listing and this school2.75 miles
Public District Grades KG-5
Nearby Schools
4
/10
Madison Elementary School
1225 Legion Way SE
Distance between this listing and this school0.59 miles
Public District Grades PK-5
Assigned Schools
8
/10
Washington Middle School
3100 Cain Rd SE
Distance between this listing and this school1.64 miles
Public District Grades 6-8
Nearby Schools
7
/10
Reeves Middle School
2200 Quince St NE
Distance between this listing and this school1.90 miles
Public District Grades 6-8
9
/10
Jefferson Middle School
2200 Conger Ave NW
Distance between this listing and this school1.96 miles
Public District Grades 6-8
Nearby Schools
9
/10
Olympia High School
1302 North St SE
Distance between this listing and this school1.36 miles
Public District Grades 9-12
8
/10
Capital High School
2707 Conger Ave NW
Distance between this listing and this school2.15 miles
Public District Grades 9-12
5
/10
North Thurston High School
600 Sleater Kinney Rd NE
Distance between this listing and this school3.15 miles
The neighbors living near this home have an average income of $26,711. Most Olympia, WA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1200 Cherry St SE
What is the listing price of this property?
The listing price of 1200 Cherry St SE property is $500,000.
What type of property is this?
The property 1200 Cherry St SE is land located in Olympia, Washington, 98501.
Is this property for sale now?
Active Listing: 1200 Cherry St SE is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1200 Cherry St SE are: Lincoln Elementary School: GreatSchools Rating 6/10Olympia Regional Learning Academy B: GreatSchools Rating 7/10Washington Middle School: GreatSchools Rating 8/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1200 Cherry St SE in Olympia, WA and zip code 98501 in the Olympia Downtown neighborhood. This home sits on a 0.33 acre lot. It has been listed on Rocket Homes since October 19, 2023 and is currently priced at $500,000.
In March 2024 more than 30 listings in Olympia, WA were sold above the asking price. During the same period more than 39 listings were sold at asking price, while more than 31 were sold below. The number of homes for sale in Olympia, WA increased by 10.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $545,358, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
NBA/WNBA
NBA/WNBA
Pro Wrestling
UFC
Express/Express For Men
Burlington
Family Dollar
Starbucks
Cicis Pizza
Burger King
Pontiac
Buick
Infiniti
Urban Contemporary
Jazz
Rhythmic Contemporary Hits