This beautiful historical home is in a great location and offers a lot of potential for either a personal residence or an investment opportunity. With the commercial zoning and the ability to rent out multiple units, the potential for income is significant. Additionally, the seller is offering a $10,000 credit towards closing costs or buydown rate which can help make this a great investment. It has been rented out through Airbnb for a significant amount and the neighboring property also provides additional income. This is a great opportunity for anyone looking to own a piece of history in Elma. Seller is selling due to health issues
Sold
Listed by: HomeSmart Real Estate Assoc
Bought with: Spivey Realty Group, LLC
$445,000
501 W Young Street, Elma, WA 98541
5beds
3,148sqft
Single Family Residence
Built in 1895
8,380.94 Square Feet Lot
$618,900 Zestimate®
$141/sqft
$2,789 Estimated rent
Home value
$618,900
$557,000 - $687,000
$2,789/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rudy Amesquita,
HomeSmart Real Estate Assoc
Bought with:
Christopher Pierog, 136693
Spivey Realty Group, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2032009
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bedroom
- Level: Upper
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bonus room
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Electric, Natural Gas
Appliances
- Included: Dishwasher_, Dryer, Microwave_, Refrigerator_, StoveRange_, Washer, Dishwasher, Microwave, Refrigerator, StoveRange, Water Heater: electric, Water Heater Location: basement
Features
- Ceiling Fan(s), Dining Room
- Flooring: Hardwood, Vinyl, Carpet
- Doors: French Doors
- Windows: Double Pane/Storm Window
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,148
- Total interior livable area: 3,148 sqft
Property
Parking
- Parking features: RV Parking, Driveway
Features
- Levels: Three Or More
- Entry location: Main
- Patio & porch: Forced Air, Hardwood, Wall to Wall Carpet, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, Fireplace, Water Heater
- Has spa: Yes
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,380 sqft
- Features: Corner Lot, Sidewalk, Cable TV, Deck, Fenced-Fully, Gated Entry, Green House, High Speed Internet, Hot Tub/Spa, Patio, RV Parking
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 043001000100
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1895
Utilities & green energy
- Electric: Company: Grays Harbor PUD
- Sewer: Sewer Connected, Company: City of Elma
- Water: Public, Company: City of Elma
- Utilities for property: Xfinity, Xfinity
Community & neighborhood
Location
- Region: Elma
- Subdivision: Elma
Other
Other facts
- Listing terms: Conventional,FHA,VA Loan
- Cumulative days on market: 1070 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2023 | Sold | $445,000-20.5%$141/sqft |
Source:  NWMLS as distributed by MLS GRID #2032009 Report a problem | ||
| 6/7/2023 | Pending sale | $560,000$178/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2032009 Report a problem | ||
| 5/8/2023 | Contingent | $560,000$178/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2032009 Report a problem | ||
| 4/5/2023 | Price change | $560,000-6.5%$178/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2032009 Report a problem | ||
| 3/28/2023 | Pending sale | $599,000$190/sqft |
Source:  HomeSmart #2032009 Report a problem | ||
| 2/25/2023 | Price change | $599,000-7.8%$190/sqft |
Source: HomeSmart Report a problem | ||
| 2/1/2023 | Listed for sale | $650,000+62.9%$206/sqft |
Source: HomeSmart #2032009 Report a problem | ||
| 11/9/2020 | Listing removed | $399,000$127/sqft |
Source: MLS4owners.com #1643717 Report a problem | ||
| 8/7/2020 | Listed for sale | $399,000+134.7%$127/sqft |
Source: MLS4owners.com #1643717 Report a problem | ||
| 8/7/2018 | Sold | $170,000+36%$54/sqft |
Source: Public Record Report a problem | ||
| 8/15/2000 | Sold | $125,000$40/sqft |
Source: NWMLS as distributed by MLS GRID #20077577 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,340 -4.9% | $559,295 -2.9% |
| 2023 | $5,613 +24.9% | $576,193 +21.1% |
| 2022 | $4,493 +18.5% | $475,732 +39.9% |
| 2021 | $3,793 +25.7% | $340,068 +25% |
| 2020 | $3,018 +11.6% | $272,063 +14.3% |
| 2019 | $2,704 | $237,995 +17.1% |
| 2018 | $2,704 +115% | $203,219 +19.7% |
| 2017 | $1,257 +134.7% | $169,780 +4.1% |
| 2016 | $536 | $163,092 +5.5% |
| 2014 | $536 -2.2% | $154,652 -3.6% |
| 2013 | $548 -70.5% | $160,392 -9.4% |
| 2011 | $1,856 -1.4% | $177,110 |
| 2010 | $1,882 +4.9% | $177,110 |
| 2009 | $1,794 +20.8% | $177,110 |
| 2008 | $1,485 | $177,110 |
| 2007 | $1,485 -5.1% | $177,110 +59.9% |
| 2006 | $1,566 -1.2% | $110,782 |
| 2005 | $1,584 +13.9% | $110,782 |
| 2004 | $1,391 -15.9% | $110,782 +1.3% |
| 2003 | $1,653 +5.7% | $109,332 |
| 2002 | $1,565 +28% | $109,332 |
| 2001 | $1,222 -1.4% | $109,332 +12.3% |
| 2000 | $1,240 | $97,382 |
Find assessor info on the county website
Neighborhood: 98541
Nearby schools
GreatSchools rating
- 5/10Elma Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Elma Middle SchoolGrades: 6-8Distance: 0.2 mi
- 7/10Elma High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Elma Elem
- Middle: Elma Mid
- High: Elma High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Grays Harbor County
- Elma
- 98541
- 501 W Young Street
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