Sold881d on marketHistoric · 102 yrs

501 Central Street SE

Olympia, WA, 98501 • Eastside • Thurston County

$605,000

$229/sqft

4Beds

2Baths

2,637Sqft

0.1 acLot

1924Built

Property DNA

7 highlights

Scenic Views

City · Partial · Territorial

Craftsman Style

Built 1924 · 102 years of history

Eastside Olympia

Eastside

Outdoor Living

Ceramic Tile · Fir/Softwood · Hardwood · Bath Off Primary · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Fireplace · Water Heater

1 Fireplace

Wood Burning · Main Level: 1 · Fireplace

1-Car Garage

Attached Garage · Off Street

Ceramic Tile & Softwood & Hardwood Floors

Quality flooring throughout

This home is in high demand

Listed 881 days ago · 2 views · Top 1% likely to sell soon

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Market activity

Demand and pricing signals for this listing

2 views

People checking out this listing

881 days on market

Established listing

$229/sqft

Price per square foot

Selling Soon Prediction

Very High

This home ranks in the top 1% 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 1924 · Historic

Perched at the corner of 5th and Central, this classic Craftsman home seeks its next stewards, nearing its 100th year. Enter the bright & cheery inside, where living & dining spaces merge with high ceilings, fire place, oak floors & original fir trim throughout. Tidy & efficient kitchen w/nook + easy access to outdoor living spaces. Main floor complete w/2 generous bedrooms & refreshed full bath. Upstairs - surprise! Two sunny bedrooms, including a primary suite featuring sitting nook & en suite bath with walk-in shower. Little peek-a-boo views of the Capitol & Black Hills too. Outside is a green paradise with raised garden beds, fruit trees & beds + lots of established PNW native plantings. Welcome home to the Eastside!

Standout features identified

Our analysis highlights classic craftsman home, original fir trim throughout, and oak floors as key attractions of this home.

Estimated monthly payment

Based on current rates

$3,752/month

Principal & Interest$2,945

Property Tax$605

Insurance$202

Down payment20% ($121,000)

3%50%

Est. 6.14% rate · 30yr fixed · $484,000 loan

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At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1924

HeatingFireplace, 90%+ High Efficiency, Forced Air, Natural Gas

CoolingNone

Parking1 Attached Garage space

Lot4,399 sqft

Offer Review Date2023-10-24

Property

Home typeSingle Family

Sub-typeSingle Family Residence

StyleCraftsman

Year built1924

Systems

HeatingFireplace, 90%+ High Efficiency, Forced Air, Natural Gas

CoolingNone

RoofComposition,Torch Down

ConstructionMetal/Vinyl

Water / SewerPublic, Company: City of Olympia / Sewer Connected, Company: City of Olympia

Parking & Outdoor

ParkingAttached Garage, Off Street

Garage1 spaces

BasementUnfinished

Fireplaces1

Lot4,399 sqft

Location & Tax

NeighborhoodEastside

Annual tax$5,919

Parcel71000200900

Bathrooms & Fees

Full baths1

Features & details

14 categories of property features

Interior Features

Interior

Bath Off Primary

Ceiling Fan(s)

Dining Room

Appliances

Dishwasher_

Dryer

Microwave_

Refrigerator_

SeeRemarks_

StoveRange_

Washer

Dishwasher

Microwave

Refrigerator

See Remarks

StoveRange

Water Heater: Gas

Water Heater: on-demand

Water Heater Location: Basement

Flooring

Ceramic Tile

Softwood

Hardwood

Other

Vinyl Plank

Heating

Fireplace

90%+ High Efficiency

Forced Air

Natural Gas

Cooling

None

Fireplace

Wood Burning

Main Level: 1

Fireplace

Windows

Double Pane/Storm Window

Exterior Features

Parking

Attached Garage

Off Street

Construction

Metal/Vinyl

Patio & Porch

Ceramic Tile

Fir/Softwood

Hardwood

Bath Off Primary

Ceiling Fan(s)

Double Pane/Storm Window

Dining Room

Fireplace

Water Heater

Lot Features

Cabana/Gazebo

Fenced-Partially

Gas Available

High Speed Internet

Patio

Views

City

Partial

Territorial

Utilities

Xfinity

Other Equipment

Leased Equipment: NA

Room details

11 rooms detailed

Master Bedroom

Second

Bedroom

Second

Bedroom

Main

Bedroom

Main

Bathroom Full

Main

Bathroom Three Quarter

Second

Listing insights

Market data and value estimates

StatusSold

Days on market881

Est. value$627,100

Est. rent$2,855/mo

Tax rate0.81%

Price/sqft$229

On marketNov 3, 2023

PostedOct 19, 2023

Last sold$605,000

MLS statusSold

MLS updatedNov 7, 2023

Tour days6

How are the schools in Olympia?

3 schools rated nearby

Madison Elementary School

Primary • Public • PK-5

0.2 mi

N/A

Olympia Regional Learning Academy B

Primary • Public • PK-8

0.9 mi

Olympia High School

High • Public • 9-12

1.8 mi

Location

Olympia, WA, 98501

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Price history

5 events

DateEventPrice$/sqftSource

Nov 7, 2023Sold$605,000$229NWMLS as distributed by MLS GRID

Oct 24, 2023Pending Sale$550,000$209NWMLS as distributed by MLS GRID

Oct 19, 2023Listed For Sale$550,000$209NWMLS as distributed by MLS GRID

Jun 26, 2015Sold$299,000$113NWMLS as distributed by MLS GRID

Jan 5, 2007Sold$254,900$97Public Record

Sold$605,000

Nov 7, 2023•$229/sqft•NWMLS as distributed by MLS GRID

Pending Sale$550,000

Oct 24, 2023•$209/sqft•NWMLS as distributed by MLS GRID

Listed For Sale$550,000

Oct 19, 2023•$209/sqft•NWMLS as distributed by MLS GRID

Sold$299,000

Jun 26, 2015•$113/sqft•NWMLS as distributed by MLS GRID

Sold$254,900

Jan 5, 2007•$97/sqft•Public Record

Tax history

23 years of records

YearTax paidAssessed value

Apr 7, 2024$6,527$622,900

Apr 7, 2023$6,226$595,400

Apr 7, 2022$5,919$593,500

Apr 7, 2021$5,757$481,900

Apr 7, 2020$5,048$391,000

Apr 7, 2019$4,702$380,800

Apr 7, 2018$4,466$382,700

Apr 7, 2017$3,063$282,900

Apr 7, 2016$3,063$271,850

Apr 7, 2014$3,063$244,850

Apr 7, 2013—$241,450

Apr 7, 2012$2,836—

Apr 7, 2011——

Apr 7, 2010——

Apr 7, 2009$2,497—

Apr 7, 2008——

Apr 7, 2007$2,451—

Apr 7, 2006$3,629—

Apr 7, 2005$2,387—

Apr 7, 2004——

Apr 7, 2002——

Apr 7, 2001$2,039$130,900

Apr 7, 2000$1,780$113,700

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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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Value estimates

Live

Est. value$627,100

Est. rent$2,855/mo

30yr rate est.6.14%

Affordability$3,552/mo

Accepted financing

ConventionalFHAState BondVA Loan

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Based on information submitted to the MLS GRID as of 2026-04-07 13:33:49 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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