2541 Capitol Way
Olympia, WA 98501
3 bd 2 ba 1,775 sqft Built 1909 Lot 11,938 sqft single_family
Most recent sale
$497,500
May 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 10, 2022 | Sold | $497,500 | MLS #1858242 |
| Dec 8, 2021 | Price changed | $480,000 | MLS #1858242 |
| Nov 9, 2021 | Price changed | $499,000 | MLS #1858242 |
| Oct 28, 2021 | Listed | $525,000 | MLS #1858242 |
| Mar 6, 2018 | Sold | $307,500 | MLS #1222159 |
| Dec 1, 2017 | Listed | $309,500 | MLS #1222159 |
| Mar 30, 2004 | Sold | $191,900 | Public Record |
| Aug 7, 2001 | Sold | $159,900 | Public Record |
| Oct 27, 1993 | Sold | $134,900 | Public Record |
| Jan 3, 1992 | Sold | $66,500 | Public Record |
| Jun 6, 1983 | Sold | $51,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $304,100 | $203,400 | $507,500 | $5,359 |
| 2025 | $304,100 | $203,400 | $507,500 | $4,756 |
| 2024 | $285,400 | $159,300 | $444,700 | $4,652 |
| 2023 | $266,800 | $128,600 | $395,400 | $3,946 |
| 2022 | $231,600 | $122,000 | $353,600 | $4,226 |
| 2021 | $231,600 | $122,000 | $353,600 | $4,216 |
| 2020 | $194,800 | $131,600 | $326,400 | $3,905 |
| 2019 | $189,600 | $105,300 | $294,900 | $3,450 |
| 2018 | $182,600 | $98,000 | $280,600 | $3,680 |
| 2017 | $174,500 | $98,700 | $273,200 | $3,140 |
| 2016 | $134,900 | $116,250 | $251,150 | $2,929 |
| 2015 | $127,100 | $114,150 | $241,250 | $2,976 |
| 2014 | $123,700 | $114,150 | $237,850 | $2,917 |
| 2013 | $113,800 | $114,150 | $227,950 | $2,920 |
| 2012 | $105,200 | $109,750 | $214,950 | $2,801 |
| 2011 | $104,600 | $114,150 | $218,750 | $2,807 |
| 2010 | $114,600 | $119,700 | $234,300 | $3,107 |
| 2008 | $159,700 | $145,100 | $304,800 | $3,100 |
| 2007 | $168,400 | $149,600 | $318,000 | $3,128 |
Property facts
Year built
1909
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,775 sqft
Lot size
11,938 sqft
ZIP code
98501
City
Olympia
Street
Capitol Way
Coordinates
47.02564, -122.90036
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,083
Gross rental yield
9.85%
Implied cap rate
6.40%
Trend-extrapolated value
—
Frequently asked questions
When did 2541 Capitol Way last sell?
2541 Capitol Way most recently sold on May 10, 2022 for $497,500.
What is the current tax assessment for 2541 Capitol Way?
The most recent total assessment for 2541 Capitol Way (year 2026) is $507,500 with $5,359 in property tax.
How does 2541 Capitol Way's assessment compare to its last sale price?
The current assessment is 2.0% above the last sale price of $497,500.
When was 2541 Capitol Way built?
2541 Capitol Way was built in 1909.
How does 2541 Capitol Way compare to others on Capitol Way?
We track 8 other properties on Capitol Way. Browse the list under "Other properties on Capitol Way" to compare beds, baths, and sale history.
What are the property facts for 2541 Capitol Way?
2541 Capitol Way is a 3 bed, 2 bath, 1,775 sqft, 11,938 sqft lot single_family.
Is 2541 Capitol Way a flip candidate?
No — 2541 Capitol Way does not appear in our flips dataset.
Is 2541 Capitol Way a tax-appeal candidate?
No — 2541 Capitol Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.2%
Implied 1-yr
+8.7%
2026 Q3
$587.4K
2026 Q4
$598.6K
ZIP 98501 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Capitol Way