Sold433d on marketHistoric · 116 yrs
1821 Water Street SW
Olympia, WA, 98501 • South Captol • Thurston County
$600,000
$183/sqft
4Beds
3Baths
3,276Sqft
0.74 acLot
1910Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
Lake · Territorial
Traditional Style
Built 1910 · 116 years of history
Capital Campus
South Captol
Outdoor Living
Ceramic Tile · Double Pane/Storm Window · Dining Room · Fireplace · Hardwood · Laminate · Wall to Wall Carpet · Water Heater
1 Fireplace
Main Level: 1 · Fireplace
Ceramic Tile & Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 433 days ago · 18 views
Market activity
Demand and pricing signals for this listing
18 views
People checking out this listing
433 days on market
Established listing
$183/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 11% 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 1910 · Historic
Take note of the charm and opportunity offered by this historic home (+ADU) in Olympia’s prominent South Capitol neighborhood, overlooking iconic Capitol Lake & surrounded in greenery. The primary residence features a main-level bedroom and endless potential to restore its classic appeal. The modern accessory dwelling unit (ADU), rebuilt in 2002 with high-end finishes, ADA features, a functional floorplan, and large windows, seamlessly connects indoor and outdoor living. The updated wraparound deck and full-sized feel/function make the ADU an attractive rental to offset your mortgage. Live on site & update the primary, multigenerational living, or simply rent both, this property offers great potential in a stunning and convenient location.
Standout features identified
Our analysis highlights large windows, surrounded in greenery, and ada features as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,677/month
Principal & Interest$2,877
Property Tax$600
Insurance$200
Down payment20% ($120,000)
3%50%
Est. 6.00% rate · 30yr fixed · $480,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1910
HeatingFireplace, Ductless HP-Mini Split, Forced Air, Electric, Natural Gas
CoolingHeat Pump
ParkingDriveway, Off Street, RV Parking
Lot0.74 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional
ConditionGood
Year built1910
Systems
HeatingFireplace, Ductless HP-Mini Split, Forced Air, Electric, Natural Gas
CoolingHeat Pump
RoofComposition
ConstructionCement Planked, Wood Siding, Wood Products
Water / SewerPublic, Company: City of Olympia / Sewer Connected, Company: City of Olympia
Parking & Outdoor
ParkingDriveway, Off Street, RV Parking
BasementNone
Fireplaces1
Lot0.74 Acres
Location & Tax
NeighborhoodSouth Captol
Annual tax$5,852
Parcel60500200500
Bathrooms & Fees
Full baths2
Features & details
14 categories of property features
Interior Features
Interior
Dining Room
Appliances
Dishwasher(s)
Dryer(s)
Microwave(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Gas
Water Heater Location: Utility room
Flooring
Ceramic Tile
Hardwood
Laminate
Carpet
Heating
Fireplace
Ductless HP-Mini Split
Forced Air
Electric
Natural Gas
Cooling
Heat Pump
Fireplace
Main Level: 1
Fireplace
Windows
Double Pane/Storm Window
Exterior Features
Parking
Driveway
Off Street
RV Parking
Construction
Cement Planked
Wood Siding
Wood Products
Patio & Porch
Ceramic Tile
Double Pane/Storm Window
Dining Room
Fireplace
Hardwood
Laminate
Wall to Wall Carpet
Water Heater
Lot Features
Sidewalk
Cable TV
Deck
High Speed Internet
Patio
RV Parking
Views
Lake
Territorial
Utilities
Xfinity
Xfinity
Other Equipment
Leased Equipment: none
Room details
12 rooms detailed
Master Bedroom
Bedroom
Bedroom
LowerBedroom
MainBathroom Full
LowerBathroom Full
MainListing insights
Market data and value estimates
StatusSold
Days on market433
Est. value$592,300
Est. rent$3,494/mo
Tax rate0.81%
Price/sqft$183
On marketFeb 24, 2025
PostedDec 19, 2024
Last sold$600,000
MLS statusSold
MLS updatedMar 2, 2025
Tour days6
Views18
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98501
Price history
4 events
DateEventPrice$/sqftSource
Jan 30, 2025Sold$600,000$183NWMLS as distributed by MLS GRID
Dec 25, 2024Pending Sale$625,000$191NWMLS as distributed by MLS GRID
Dec 19, 2024Listed For Sale$625,000$191NWMLS as distributed by MLS GRID
Jan 31, 1996Sold$150,000$46Public Record
Sold$600,000
Jan 30, 2025•$183/sqft•NWMLS as distributed by MLS GRID
Pending Sale$625,000
Dec 25, 2024•$191/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$625,000
Dec 19, 2024•$191/sqft•NWMLS as distributed by MLS GRID
Sold$150,000
Jan 31, 1996•$46/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 9, 2024$5,806$554,000
Apr 9, 2023$5,852$559,600
Apr 9, 2022$5,430$544,300
Apr 9, 2021$5,973$500,000
Apr 9, 2020$5,407$418,800
Apr 9, 2019$4,511$389,500
Apr 9, 2018$4,589$367,100
Apr 9, 2017$4,745$395,550
Apr 9, 2016$4,745$385,900
Apr 9, 2014$4,745$379,600
Apr 9, 2011——
Apr 9, 2010——
Apr 9, 2009$4,310—
Apr 9, 2008——
Apr 9, 2007$4,456—
Apr 9, 2006$6,305—
Apr 9, 2005$3,747—
Apr 9, 2004——
Apr 9, 2002——
Apr 9, 2001$2,234$143,500
Apr 9, 2000$2,244$143,500
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 2026-04-09 05:53:12 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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