About This Home

This 3-bedroom, 2-bathroom single family at 503 Centre Street North in Rainier, WA is listed for $299,500 ($215 per sqft). Built in 1961, the home offers 1,396 sqft of living space on a 2.91 acres lot.

Key Features

Built in 1961
2.91 acre lot

Property Details

1 full, 1 half

1961

Listing Description

Development opportunity in the heart of Rainier! This 2.91-acre property offers rare in-city acreage with excellent potential for future use or development. Depending on buyer plans and city approval, possibilities may include single-family, duplex, townhome, multifamily, group living, daycare, or other permitted uses.

Existing cabin is of little value; the value is in the land. City water and power are already on the property. Enjoy a peaceful setting near schools, parks, and the Yelm-Tenino Trail. Seasonal purple camas flowers and yellow buttercups add beautiful natural color across the property. Conveniently located with access to Rainier amenities and a short drive to Olympia, Yelm, Tenino, and JBLM. Buyer to verify all development potential and permitted uses to their satisfaction.

Monthly Cost Estimate

$1,602/mo

20% down · 6.5% · 30 years

Principal$217

Interest$1,298

Insurance$87

Estimates only. Actual payments may vary.

Location

503 Centre Street North

Rainier, WA 98576

Questions & Answers

This 3-bedroom, 2-bathroom single family at 503 Centre Street North is listed at $299,500 ($215/sqft). The estimated monthly payment is $1,601 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1961, 2.91 acre lot.

This property is listed by Sandi Hofmann.

Sandi Hofmann

Agent at NextHome, Inc

503 Centre Street North, Rainier, WA 98576