Thurston County Assessor
Parcel Number: 12821111201
 
Situs Address: 1225 FERN ST SW # U, V, & W
 
Owner: MERCY HOUSING WASHINGTON IX LP
Address:1600 BROADWAY STE 2000
 DENVER, CO 80202
 
Taxpayer: MERCY HOUSING WASHINGTON IX LP
Address:1600 BROADWAY STE 2000
 DENVER, CO 80202
 
Abbreviated Legal:Section 21 Township 18 Range 2W Quarter NE NE & SE NE BLA061556OL TR A Document 3857298
 
Date: 2/21/2026
 
Sect/Town/Range:21 18 2W
 
Size:2.57 Acres
UseCode:13 Five-Plus Unit
TCA Number:110
Neighborhood:8BEA
Property Type:APT
Total Living Units:51
Taxable:YES
Active Exemptions:DoR Institutional
School District:OLYMPIA S.D. #111
 
Water Source:PUBLIC
Sewer Type:SEWER

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$1,843,900$1,344,200$1,199,400$884,800$696,600$1,343,100$1,393,000$1,447,000$1,430,400$791,200
Market Value Buildings$8,251,500$9,650,700$10,633,000$13,445,300$5,516,400$5,306,700$5,591,500$4,087,700$4,487,600$5,070,300
Market Value Total$10,095,400$10,994,900$11,832,400$14,330,100$6,213,000$6,649,800$6,984,500$5,534,700$5,918,000$5,861,500

Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
APARTMENTS20071783617836AVERAGEAVERAGE
APARTMENTS20072833218332AVERAGEAVERAGE
APARTMENTS20073294012940AVERAGEAVERAGE
APARTMENTS20071783617836AVERAGEAVERAGE
APARTMENTS20072833218332AVERAGEAVERAGE
APARTMENTS20073294012940AVERAGEAVERAGE
APARTMENTS20071413814138AVERAGEAVERAGE
APARTMENTS20072306213062AVERAGEAVERAGE
APARTMENTS20073169611696AVERAGEAVERAGE
DAY-CARE-CTR20071360013600AVERAGEAVERAGE
LAUNDROMAT200711201120AVERAGEAVERAGE
LAUNDROMAT200711201120AVERAGEAVERAGE
   
 ---------- 
 50952
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
PVNG-ASPHALT200725475AVERAGEAVERAGE
PVNG-CONCRTE20077940AVERAGEAVERAGE
FENCE-CHLK-620071260AVERAGEAVERAGE
CANOPY-COVER2008140AVERAGEAVERAGE

Land Characteristics

Land Flag2200
 
Lot Square Footage112100
 
Lot Acreage2.57
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)No Influences Listed

Sales

Sale Date:08/21/200608/18/2006
Price:$212,500 
Excise:356010356011
Sale Type:STATUTRY WARNTY DEEDSTATUTRY WARNTY DEED
Recording Number:38656383865639
Seller:INTERCOMMUNITY HOUSINGMERCY PROPERTIES WASHINGTON
Buyer:MERCY HOUSING WASHINGTON IX LPMERCY HOUSING WASHINGTON IX LP
Multiple Parcel Sale:NN
 
The Assessor's Office maintains property records on approximately 112,000 parcels in Thurston County for tax purposes. Though records are updated regularly, the accuracy and timeliness of published data cannot be guaranteed. Any person or entity that relies on information obtained from this website does so at his or her own risk. Neither Thurston County nor the Assessor will be held liable for damage or losses caused by use of this information. All critical information should be independently verified.
 

Office of the Assessor

Steven J. Drew, Assessor
3000 Pacific Ave SE, Olympia WA 98501
Customer Service (360)867-2200 -- Fax (360)867-2201 -- TDD (360)754-2933