NOT LISTED FOR SALE

11525 Riki Ln SE Olympia, WA 98501

Estimated Value: $940,045 - $994,000

4 Beds
1 Bath
2,872 Sq Ft
$335/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $785,000 $273 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,675/month

Highlights

  • RV Access or Parking
  • Territorial View
  • 1 Fireplace
  • Wooded Lot
  • Wood Flooring
  • Double Oven

About This Home

As of April 2021

Olympia home on 5 acres with extra large shop. This is the complete package you are looking for. Private, safe country setting in area of custom homes. This 3 bed room with a 4th for den, 5th office and a 6th large bonus room is a must see. Large open kitchen to family room with fire place. Large yard with hot tub, green house, garden, & RV parking spot with power. High quality 48 foot by 48 foot Monitor style shop with extra tall 20 foot ceilings. Extra thick reinforced concrete floor. No CCR. Other than private road agreement. No wetlands per Geo Data. Bring your horse, pets, boats, RV.

Last Agent to Sell the Property

Greg Mueller

Abbey Realty Inc License #23188 Listed on: 03/01/2021

Last Buyer's Agent

Corey Clark

eXp Realty License #137328

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1735807

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,630

Year Built

  • Built in 2002

Lot Details

  • Street terminates at a dead end
  • Level Lot
  • Wooded Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Territorial Views

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Garage
  • RV Access or Parking

Utilities

  • Well
  • Septic System

Community Details

  • Olympia Community

Listing and Financial Details

  • Assessor Parcel Number 12735210104

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,630

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Hot Tub/Spa, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Microwave, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 3
  • Bedrooms: 4.00
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Recreation Room: Upper
  • Estimated Sq Ft: 2872
  • Square Footage Finished: 2872

Exterior Features

  • Exterior: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Attached, Garage-Detached
  • Total Covered Parking: 8

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Private Well
  • Water Heater: Propane Gas
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Olympia

Schools

  • School District: TEN

Lot Info

  • Lot Details: Dead End Street
  • Lot Sq Ft: 217800
  • Lot Topography Vegetation: Level, Wooded
  • Parcel Number: 12735210104
  • Zoning Jurisdiction: County
  • Lot Topography: Level, Wooded

Tax Info

  • Tax Amount: 6656

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 7, 2021
Sold by
Nelson Mark A and Nelson Virginia L
Bought by
Mullenix Bo and Mullenix Jamie
Seller's Agent
Greg Mueller
Abbey Realty Inc
Buyer's Agent
Corey Clark
eXp Realty
List Price
$735,000
Sold Price
$785,000
Premium/Discount to List
$50,000
6.8%
Current Estimated Value
$962,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,761
Avg. Annual Appreciation
4.58%
Original Mortgage
$548,250
Outstanding Balance
$494,205
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$468,556

Purchase Details

Closed on
Feb 4, 2004
Sold by
Nelson Mark A
Bought by
Nelson Mark A and Nelson Virginia L

Purchase Details

Closed on
Jul 20, 2001
Sold by
Nelson Virginia L
Bought by
Nelson Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.15%

Purchase Details

Closed on
Oct 25, 2000
Sold by
Seely Patricia A
Bought by
Nelson Mark A and Nelson Virginia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
7.89%
Mortgage Type
Seller Take Back
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
Mullenix Bo $785,000 Stewart Title Company
Nelson Mark A -- Stewart Title Of Wester
Nelson Mark A -- Thurston County Title Co
Nelson Mark A $50,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullenix Bo $548,250
Previous Owner Nelson Mark A $240,000
Previous Owner Nelson Mark A $48,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $785,000 +6.8% $273 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $735,000 -- $256 / 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 $7,630 $891,900 $206,300 $685,600
2023 $7,630 $827,800 $207,400 $620,400
2022 $6,199 $789,700 $160,300 $629,400
2021 $6,835 $650,600 $149,200 $501,400
2020 $6,656 $597,200 $121,000 $476,200
2019 $5,747 $579,100 $120,700 $458,400
2018 $5,804 $455,800 $98,900 $356,900
2017 $5,405 $437,300 $100,700 $336,600
2016 $4,602 $430,000 $96,500 $333,500
2014 -- $405,300 $95,500 $309,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1735807

Northwest Multiple Listing Service (NWMLS)

APN: 12735210104