Listed by Van Dorm Realty, Inc, Bought with Terrafin
NOT LISTED FOR SALE

1135 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $380,000 - $614,000

2 Beds
1 Bath
882 Sq Ft
$527/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $175,000 $198 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $2,689/month

45 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Ceramic Tile Flooring
  • Docks
  • Lake View
  • Brush Vegetation

About This Home

As of August 2017

CASH ONLY! Talk about investment potential! Built in equity! Watch beautiful sunsets from your own personal oasis! This recreational cabin is perfect for weekend trips to the lake! Or take the time and put in a septic or holding tank and you have instant equity! This cabin has been completely remodeled, including newer roof and decks...Great project home!

Last Agent to Sell the Property

Sarah Morris

Van Dorm Realty, Inc License #71587 Listed on: 06/16/2017

Van Dorm Realty, Inc

Last Buyer's Agent

John Gregory

Terrafin License #27019

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1145900

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,792

Year Built

  • Built in 1965

Lot Details

  • Brush Vegetation
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof

Flooring

  • Laminate
  • Ceramic Tile

Additional Features

  • Lake Views
  • 1 Bathroom
  • Docks
  • The lake is a source of water for the property

Listing and Financial Details

  • Assessor Parcel Number 77100006800

Community Details

Overview

  • Summit Lake Community

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,792

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Ceramic Tile, Laminate
  • Bedrooms: 2.00
  • Bathrooms: 1.25
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Estimated Sq Ft: 882
  • Square Footage Finished: 882

Exterior Features

  • Exterior: Cement/Concrete
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake
  • Waterfront: Bank-Medium, Lake

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Wall
  • Power Company: PSE
  • Water Company: Lake
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach

Schools

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

Lot Info

  • Lot Sq Ft: 6741
  • Lot Topography Vegetation: Brush, Sloped
  • Parcel Number: 77100006800
  • Lot Topography: Brush, Sloped

Tax Info

  • Tax Amount: 3192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 16, 2017
Sold by
Brewer Rebecca L
Bought by
Fjeld David W and Fjeld Katrina A
Seller's Agent
Sarah Morris
Van Dorm Realty, Inc
Buyer's Agent
John Gregory
Terrafin
List Price
$200,000
Sold Price
$175,000
Premium/Discount to List
-$25,000
-12.5%
Current Estimated Value
$464,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,525
Avg. Annual Appreciation
12.69%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Brewer Rebecca L
Bought by
Brewer Rebecca L

Purchase Details

Closed on
Sep 17, 2010
Sold by
Sabr Mortgage Loan 2008 1 Reo Subsidiary
Bought by
Sundberg Ronald R and Brewer Rebecca L

Purchase Details

Closed on
Sep 28, 2009
Sold by
Walton Jeremy P and Walton Raonda K
Bought by
Sabr Mortgage Loan 2008 & 1 Reo Subsidiary

Purchase Details

Closed on
Oct 7, 2005
Sold by
Walton Raonda and Walton Raonda K
Bought by
Walton Jeremy P and Walton Raonda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
8.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 22, 1999
Sold by
Renken Wanda
Bought by
Walton Rhonda
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fjeld David W $174,719 Chicago Title Company
Brewer Rebecca L -- None Available
Sundberg Ronald R $112,000 Chicago Title Company
Sabr Mortgage Loan 2008 & 1 Reo Subsidiary $236,709 Chicago Title Company
Walton Jeremy P -- Thurston County Title
Walton Rhonda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walton Jeremy P $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $175,000 -5.4% $198 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/26/2017 07/26/17 Price Changed $185,000 -7.5% $210 / Sq Ft
06/17/2017 06/17/17 For Sale $200,000 -- $227 / 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 $2,792 $355,300 $141,300 $214,000
2023 $2,792 $321,500 $141,000 $180,500
2022 $2,227 $296,700 $132,000 $164,700
2021 $2,380 $222,500 $108,700 $113,800
2020 $3,666 $213,000 $103,500 $109,500
2019 $3,288 $296,900 $155,000 $141,900
2018 $3,074 $241,000 $139,100 $101,900
2017 $3,192 $257,150 $184,450 $72,700
2016 $2,911 $249,500 $158,500 $91,000
2014 -- $242,200 $158,500 $83,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1145900

Northwest Multiple Listing Service (NWMLS)

APN: 77100006800