Listed by Van Dorm Realty, Inc, Bought with WEICHERT, Realtors Reynolds RE
NOT LISTED FOR SALE

1124 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $783,000 - $845,000

3 Beds
2.5 Baths
2,776 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $725,000 $261 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,686/month

2 Days on Market

Highlights

  • Community Boat Launch
  • Deck
  • No HOA
  • Lake View
  • 2 Fireplaces
  • Walk-In Pantry

About This Home

As of October 2023

Desirable Summit Lake is a local gem! This lake view home has almost 2800 sf and 3 BRs and 2 dens! This home sits above the lake with sunset views of the lake. The 2776 sf gives you the space to spread out, offering 3 BRs + 2 dens w/ closets. The main floor primary suite offers luxury w/ a 5-pc bath, FP, & 2 closets! The Kitchen is spacious, stone & stainless. The dining and living rooms offer lake and territorial views and like the rest of the home are filled with light. Upstairs there is also a huge bonus room w/ a small fridge and a wet bar. The large deck offers lake & territorial views. This home sports a large att dbl gar, w/ a new epoxy coating. Also, this home comes with a generator! Community Boat Launch! Come view this home today!

Last Agent to Sell the Property

Paul Klenk

Van Dorm Realty, Inc License #29068 Listed on: 09/09/2023

Van Dorm Realty, Inc

Last Buyer's Agent

Christy Reynolds

WEICHERT, Realtors Reynolds RE License #126178

WEICHERT, Realtors Reynolds RE

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2160209

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,515

Year Built

  • Built in 2008

Lot Details

  • 0.94 Acre Lot
  • West Facing Home
  • Partially Fenced Property
  • Terraced Lot
  • Garden
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 2,776 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Griffin Elementary School
  • Griffin Mid Middle School
  • Capital High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Generator Hookup
  • Propane
  • The lake is a source of water for the property
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Summit Lake Subdivision

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,515

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2008
  • Inclusions: Dishwasher,Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2776
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2160209?w=Consumer&agent=775228
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate, Wired for Generator, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, High Tech Cabling, Walk-In Pantry, Fireplace, Water Heater
  • Living Area: 2776
  • Main Level Bedrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 2776
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher,Microwave,Refrigerator,Stove/Range
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Cement/Concrete
  • Foundation Details: Concrete Ribbon
  • Property Condition: Very Good
  • Structure Type: House
  • ConstructionMethods: Standard Frame
  • WaterAccess: Non-Deeded Access

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Lake
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Lake
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Boat Launch
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Griffin
  • High School: Capital High
  • Middle Or Junior School: Griffin Mid School

Lot Info

  • Parcel Number: 77100202900
  • Topography: Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.9432
  • Lot Size Sq Ft: 41084
  • Zoning Description: Res
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings,Patio,Propane
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5515

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Griffin Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Oct 6, 2023
Sold by
Ammons Rebecca Anne and Ammons Bernhardine M
Bought by
Patton Shari and Patton Kevin
Seller's Agent
Paul Klenk
Van Dorm Realty, Inc
Buyer's Agent
Christy Reynolds
WEICHERT, Realtors Reynolds RE
List Price
$725,000
Sold Price
$725,000
Views
55
Current Estimated Value
$805,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,465
Avg. Annual Appreciation
5.40%
Original Mortgage
$580,000
Outstanding Balance
$568,830
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$236,635

Purchase Details

Listed on
Dec 7, 2018
Closed on
Mar 7, 2019
Sold by
Mccullough Ryan Cho and Mccullough Amy Beth
Bought by
Ammons Richard B and Ammons Bernhardine M
Seller's Agent
Missy Watts
Olympic Sotheby's Int'l Realty
Buyer's Agent
Jennifer Ryan
Better Properties N. Proctor
List Price
$449,500
Sold Price
$430,000
Premium/Discount to List
-$19,500
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%
Original Mortgage
$366,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Feb 12, 2018
Sold by
Pointe Sunset
Bought by
Mccullough Ryan Cho and Mccullough Amy Beth

Purchase Details

Listed on
Sep 24, 2015
Closed on
Jun 22, 2016
Sold by
Woodard Terry C and Tucker Tabitha A
Bought by
Sunset Pointe Investments
Seller's Agent
Shannon Zimmerly
Better Properties UP/Fircrest
Buyer's Agent
Deborah Townsend
Better Properties Gig Harbor
List Price
$302,950
Sold Price
$299,000
Premium/Discount to List
-$3,950
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%

Purchase Details

Closed on
May 7, 2012
Sold by
Anchor Bank
Bought by
Woodard Terry C and Woodard Tabitha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2010
Sold by
Stuckert Thomas E
Bought by
Anchor Bank

Purchase Details

Closed on
Jun 15, 1999
Sold by
Walton Donya I
Bought by
Walton Damian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.01%

Purchase Details

Closed on
May 27, 1999
Sold by
Wilkinson Norman C
Bought by
Walton Damian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.01%

Purchase Details

Closed on
May 22, 1999
Sold by
Wilkinson Eunra
Bought by
Wilkinson Norman C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.01%

Purchase Details

Closed on
Jun 30, 1997
Sold by
Wilkinson Norman C and Wilkinson Ethel D
Bought by
Wilkinson Norman C
Source: Public Records

Range of Values:

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Average Value
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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
Patton Shari $725,000 Chicago Title
Ammons Richard B $430,000 Thurston County Title Co
Mccullough Ryan Cho $304,719 None Available
Sunset Pointe Investments $298,719 Chicago Title Company
Woodard Terry C $245,000 Thurston County Title
Anchor Bank $297,000 None Available
Walton Damian L -- Transnation Title Insurance
Walton Damian L -- Transnation Title Insurance
Wilkinson Norman C -- Transnation Title Insurance
Wilkinson Norman C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patton Shari $580,000
Previous Owner Ammons Richard B $366,000
Previous Owner Woodard Terry C $196,000
Previous Owner Walton Damian L $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2023 10/10/23 Sold $725,000 0.0% $261 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/09/2023 09/09/23 For Sale $725,000 +68.6% $261 / Sq Ft
03/08/2019 03/08/19 Sold $430,000 -2.1% $155 / Sq Ft View Prior Sale
01/31/2019 01/31/19 Pending -- -- --
01/25/2019 01/25/19 Price Changed $439,000 -2.3% $158 / Sq Ft
12/07/2018 12/07/18 For Sale $449,500 +50.3% $162 / Sq Ft
07/11/2016 07/11/16 Sold $299,000 -1.3% $108 / Sq Ft View Prior Sale
06/04/2016 06/04/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $302,950 0.0% $109 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
05/13/2016 05/13/16 Price Changed $302,950 -2.3% $109 / Sq Ft
04/22/2016 04/22/16 For Sale $310,000 0.0% $112 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $310,000 0.0% $112 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
02/24/2016 02/24/16 Price Changed $310,000 -6.1% $112 / Sq Ft
11/30/2015 11/30/15 Price Changed $330,000 -1.5% $119 / Sq Ft
10/16/2015 10/16/15 Price Changed $335,000 -1.5% $121 / Sq Ft
09/25/2015 09/25/15 For Sale $340,000 -- $122 / 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 $5,136 $695,400 $183,200 $512,200
2023 $5,136 $596,900 $167,200 $429,700
2022 $5,111 $632,600 $148,600 $484,000
2021 $4,988 $519,300 $139,100 $380,200
2020 $5,114 $453,200 $90,900 $362,300
2019 $4,725 $415,300 $88,000 $327,300
2018 $4,623 $364,100 $79,000 $285,100
2017 $4,232 $341,500 $58,900 $282,600
2016 $3,512 $326,700 $71,800 $254,900
2014 -- $292,000 $71,100 $220,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2160209

Northwest Multiple Listing Service (NWMLS)

APN: 77100202900