NOT LISTED FOR SALE

1109 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $473,000 - $565,000

1 Bed
1 Bath
528 Sq Ft
$964/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $230,000 $436 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,959/month

36 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Lake View
  • Partially Fenced Property
  • Docks
  • Patio
  • Wall to Wall Carpet

About This Home

As of July 2015

SUMMERS ALMOST HERE and this adorable "all you need" lake cabin is on the market at just the right time. Fill your scrapbooks with memories of jumping off the dock, camp fires on the patio, the "big" catch, friends, water skiing or just enjoying the surroundings. Not a lot of maintenance here, filtrated water and Biomax septic systems are already installed. Inside bunk room with bath upstairs. Downstairs kitchen and gathering room. Room to cook but not a lot of room to clean.

Last Agent to Sell the Property

Kathy Holt

John L. Scott, Inc. License #27535 Listed on: 05/20/2015

John L. Scott, Inc.

Last Buyer's Agent

Matthew Williamson

Redfin License #112630

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM790310

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,230

Year Built

  • Built in 1968

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Steep Slope
  • Property is zoned R021

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material
  • Wood Composite

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Docks
  • Patio
  • Outbuilding

Utilities

  • The lake is a source of water for the property
  • Septic System

Additional Features

  • Lake Views
  • Oven or Range
  • 1 Bathroom

Community Details

  • Summit Lake Community

Listing and Financial Details

  • Assessor Parcel Number 77100005500

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,230

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw
  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 2
  • Bedrooms: 1.00
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Master Bedroom: Upper
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 528
  • Square Footage Finished: 528

Exterior Features

  • Exterior: Metal/Vinyl, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 51

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Wall
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Heater: Storage room behind house-Electric
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake

Schools

  • Elementary School: Griffin Elem
  • Middle School: Griffin Mid School
  • High School: Capital High
  • School District: GRF

Lot Info

  • Lot Sq Ft: 5908
  • Lot Topography Vegetation: Steep Slope
  • Parcel Number: 77100005500
  • Zoning Code: R021
  • Lot Topography: Steep Slope

Tax Info

  • Tax Amount: 1913

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2015
Closed on
Jul 23, 2015
Sold by
Fleener John and Fleener Suzanne E
Bought by
Justice John and Justice Lisa
Seller's Agent
Kathy Holt
John L. Scott, Inc.
Buyer's Agent
Matthew Williamson
Redfin
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%
Current Estimated Value
$508,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,819
Avg. Annual Appreciation
8.06%
Original Mortgage
$184,000
Outstanding Balance
$144,071
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$364,748

Purchase Details

Closed on
Mar 28, 2000
Sold by
Davies Frank J and Davies Elaine R
Bought by
Miller David L and Miller Darlene A

Purchase Details

Closed on
May 5, 1995
Sold by
Vizzini Steven A and Vizzini Coleen C
Bought by
Fleener John and Fleener Suzanne E

Purchase Details

Closed on
Sep 15, 1952
Sold by
Mountain Development Company
Bought by
Davies Frank J
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Justice John $229,719 Thurston County Title
Miller David L -- Thurston County Title Co
Fleener John -- First American Title Ins Co
Davies Frank J -- Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Justice John $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2015 07/29/15 Sold $230,000 -4.2% $436 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $240,000 -- $455 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,230 $406,100 $221,100 $185,000
2023 $3,230 $373,500 $218,000 $155,500
2022 $2,698 $343,600 $204,600 $139,000
2021 $2,359 $271,400 $166,700 $104,700
2020 $2,779 $211,100 $137,100 $74,000
2019 $6,293 $223,400 $130,100 $93,300
2018 $2,519 $196,400 $117,000 $79,400
2017 $2,578 $206,350 $154,750 $51,600
2016 $1,913 $162,350 $106,850 $55,500
2014 -- $156,950 $106,850 $50,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM790310

Northwest Multiple Listing Service (NWMLS)

APN: 77100005500