Sold476d on market
1515 Mercantile Lane NE
Olympia, WA, 98506 • 98506 • Thurston County
$450,000
$267/sqft
2Beds
2Baths
1,683Sqft
0.67 acLot
1949Built
Property DNA
Territorial Views
Territorial
Northwest Contemporary Style
Built 1949 · 77 years of history
Gull Harbor
98506
Outdoor Living
Bath Off Primary · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Fireplace · Wall to Wall Carpet · Water Heater
1 Fireplace
Gas · Main Level: 1 · Fireplace
5-Car Garage
Detached Carport · Driveway · Detached Garage · RV Parking
This home is in high demand
Listed 476 days ago · 7 views · Top 4% likely to sell soon
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
476 days on market
Established listing
$267/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 4% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1949
Coveted Boston Harbor Rd area! This charming home has just over 1200 sf of living space, with two bedrooms and 1.75 bathrooms. A cozy finished attic area will do in a pinch for extra sleeping space, or a hobby or office space - or simply attic storage. You'll enjoy the roomy .67 acre parcel with room for your pets, garden space, Asian pear tree, walnut, and three fig trees! Another bonus is the outbuildings! We have a carport with attached 30x40 shop, a 30x40 RV garage with an attached barn. Very nice updates with new electric range, garden window in the kitchen, insta-hot faucet in the kitchen, new hot water tank, new washer and dryer. A very special home!
Standout features identified
Our analysis highlights garden space, three fig trees, and new washer and dryer as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,801/month
Principal & Interest$2,201
Property Tax$450
Insurance$150
Down payment20% ($90,000)
3%50%
Est. 6.18% rate · 30yr fixed · $360,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1949
HeatingFireplace, Ductless HP-Mini Split, Electric, Propane
Parking5 Garage spaces
Lot0.67 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleNorthwest Contemporary
ConditionVery Good
Year built1949
Stories1
Systems
HeatingFireplace, Ductless HP-Mini Split, Electric, Propane
RoofComposition
ConstructionWood Siding
Water / SewerIndividual Well, Company: Well / Septic Tank, Company: Septic
Parking & Outdoor
ParkingDetached Carport, Driveway, Detached Garage, RV Parking
Garage5 spaces
BasementNone
Fireplaces1
Lot0.67 Acres
Location & Tax
Neighborhood98506
Annual tax$4,311
Parcel12925311300
Bathrooms & Fees
Full baths1
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Ceiling Fan(s)
Dining Room
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Electric
Water Heater Location: Utility Room
Flooring
Vinyl
Carpet
Heating
Fireplace
Ductless HP-Mini Split
Electric
Propane
Fireplace
Gas
Main Level: 1
Fireplace
Windows
Double Pane/Storm Window
Exterior Features
Parking
Detached Carport
Driveway
Detached Garage
RV Parking
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Ceiling Fan(s)
Double Pane/Storm Window
Dining Room
Fireplace
Wall to Wall Carpet
Water Heater
Lot Features
Dead End Street
Paved
Barn
Cable TV
Deck
Fenced-Partially
High Speed Internet
Outbuildings
RV Parking
Shop
Views
Territorial
Utilities
Xfinity
Xfinity
Room details
9 rooms detailed
Master Bedroom
MainBedroom
MainBathroom Full
MainBathroom Three Quarter
MainDining Room
MainEntry Hall
MainListing insights
Market data and value estimates
StatusSold
Days on market476
Est. value$446,500
Est. rent$2,770/mo
Tax rate0.81%
Price/sqft$267
On marketDec 29, 2024
PostedOct 25, 2024
Last sold$450,000
MLS statusSold
MLS updatedJan 16, 2025
Tour days6
Views7
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98506
Price history
3 events
DateEventPrice$/sqftSource
Dec 16, 2024Sold$450,000$267NWMLS as distributed by MLS GRID
Nov 12, 2024Pending Sale$450,000$267NWMLS as distributed by MLS GRID
Oct 25, 2024Listed For Sale$450,000$267NWMLS as distributed by MLS GRID
Sold$450,000
Dec 16, 2024•$267/sqft•NWMLS as distributed by MLS GRID
Pending Sale$450,000
Nov 12, 2024•$267/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$450,000
Oct 25, 2024•$267/sqft•NWMLS as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 7, 2024$4,701$430,500
Apr 7, 2023$4,311$415,100
Apr 7, 2022$3,964$399,600
Apr 7, 2021$4,056$349,700
Apr 7, 2020$3,447$271,700
Apr 7, 2019$2,824$246,800
Apr 7, 2018$2,925$233,800
Apr 7, 2017$2,534$204,100
Apr 7, 2016$2,534$191,700
Apr 7, 2014$2,534$189,750
Apr 7, 2013—$184,300
Apr 7, 2012$2,150—
Apr 7, 2011——
Apr 7, 2010——
Apr 7, 2009$2,254—
Apr 7, 2008——
Apr 7, 2007$2,135—
Apr 7, 2006$3,297—
Apr 7, 2005$2,137—
Apr 7, 2004——
Apr 7, 2002——
Apr 7, 2001$1,522$94,600
Apr 7, 2000$1,525$94,600
Nearby homes
Neighborhood details
Local context around this listing
Olympia, WA • Thurston County
Nearby neighborhoods
Cain RoadDowntownEast Bay DriveEastsideMapleviewNewportNorth EastNorthwestSouth WestsideSpringfield
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
985019850498506985079850898512985139854098599
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Based on information submitted to the MLS GRID as of 2026-04-07 06:03:27 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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