NOT LISTED FOR SALE

120 Wilson Rd NW Olympia, WA 98502

2.53 Acres
-- Price per Acre
109,998 Sq Ft Lot

Last Sold July 13, 2023

Last sale price $175,000

79 Days on Market

Highlights

  • Territorial View
  • Open Space
  • Level Lot
  • No HOA

About This Lot

As of July 2023

This 2.525 Acres is ready to build your dream home or you could put a few tiny homes on it and rent out nightly or more. Very close to Summit Lake and all it has to offer; fishing, boating, hiking, etc. The vacant land also comes with a very popular small convenience store, all it's inventory and equipment; Summit Lake Grocery. With a little work on the tanks and upgrading to the pumps the store could be a thriving Petroleum Station once again. There is enough room to put add charging station. No other groceries or gas for 10 miles either direction. The land is all behind the store and up the hill. There is a level spot where an old mobile used to sit, Building spot, maybe? Come take a look at this unique opportunity. Store is open Mon-Sat

Last Agent to Sell the Property

Robert Carper

Berkshire Hathaway HS NW License #75073 Listed on: 03/14/2023

Berkshire Hathaway HS NW

Last Buyer's Agent

Robert Carper

Berkshire Hathaway HS NW License #75073 Listed on: 03/14/2023

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2044721

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,386

Year Built

  • 1947

Lot Details

  • 2.53 Acre Lot
  • Open Space
  • Level Lot
  • Zoning described as RRR

Property Views

  • Territorial Views

Utilities

  • Well Required
  • Septic Design Installed
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Summit Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13816340101

Property Details

Property Type

Land

Est. Annual Taxes

$2,386

Year Built

1947

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • PropertyFeatures: Brush,Heavily Forested,Partially Cleared
  • Restrictions: No Restrictions,See Remarks
  • Improvements: Outbuilding(s)
  • Special Features: None
  • Year Built (Public Record): 1947
  • Cumulative Days on Market: 783

Interior Features

  • Possible Use: Commercial, Residential, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Open Space, Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: County Right of Way,Paved
  • RoadOnWhichSide: South
  • WaterJurisdiction: Well

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Private Well, Well Needed
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Septic Design Installed
  • ElectricityStatus: On Property
  • GasStatus: Not Available
  • SepticDesignInstalled: true

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 13816340101
  • Topography: Level,Sloped
  • Lot Size Acres: 2.5252
  • Lot Size Sq Ft: 110000
  • Zoning Description: RRR
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Commercial,Residential,See Remarks

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2386

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Jul 3, 2023
Sold by
Eichelberger Merle
Bought by
Legacy Capitalist Llc
Seller's Agent
Robert Carper
Berkshire Hathaway HS NW
Buyer's Agent
Robert Carper
Berkshire Hathaway HS NW
List Price
$550,000
Sold Price
$175,000
Premium/Discount to List
-$375,000
-68.18%
Total Days on Market
79
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Outstanding Balance
$116,922
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2005
Sold by
Brown Adrian L and Brown Marie Adelle
Bought by
Eichelberger Merle
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
Legacy Capitalist Llc -- Equity Title
Eichelberger Merle -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legacy Capitalist Llc $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $175,000 -65.0% --
06/01/2023 06/01/23 Pending -- -- --
05/12/2023 05/12/23 Price Changed $500,000 -9.1% --
03/14/2023 03/14/23 For Sale $550,000 -- --
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 $3,143 $241,900 $158,100 $83,800
2023 $3,143 $344,400 $223,200 $121,200
2022 $2,297 $328,600 $173,600 $155,000
2021 $2,386 $213,300 $120,200 $93,100
2020 $2,804 $199,400 $125,100 $74,300
2019 $2,471 $212,800 $152,300 $60,500
2018 $2,929 $217,200 $171,500 $45,700
2017 $5,980 $475,250 $406,550 $68,700
2016 $4,730 $405,600 $346,600 $59,000
2014 -- $385,500 $327,000 $58,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2044721

Northwest Multiple Listing Service (NWMLS)

APN: 13816340101