NOT LISTED FOR SALE

1203 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $683,227 - $707,000

1 Bed
1 Bath
957 Sq Ft
$724/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $480,000 $502 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,068/month

Highlights

  • Low Bank Waterfront Property
  • Community Boat Launch
  • Clubhouse
  • Docks
  • Lake View
  • Deck

About This Home

As of November 2020

Enjoy 180 degree views of Summit Lake from this super sweet & stylish bungalow! Solid 2-car carport. Easy access to the bulkheaded waterfront & a 50' dock with deep water moorage. Two levels of solid cedar decking provide ample space for outdoor entertaining. A pump house at water's edge allows storage for water toys & also boasts a sleeping loft for visitor overflow. Oak floors. Granite countertops. Radiant heat in the bathroom. Griffin Schools.This home has been so well loved over the years!

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 10/20/2020

Last Buyer's Agent

Mark Falk

Better Properties N. Proctor License #81164

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1679115

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,871

Year Built

  • Built in 1957

Lot Details

  • Low Bank Waterfront Property
  • Level Lot
  • Property is zoned RL2/1

Parking

  • Detached Carport Space

Home Design

  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1 Fireplace
  • Lake Views
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Outbuilding

Utilities

  • The lake is a source of water for the property
  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 77100007700

Community Details

Recreation

  • Community Boat Launch

Additional Features

  • Summit Lake Community
  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,871

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Security System
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 1.00
  • Lower Level Bedroom: 1
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Lower
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Family Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 957
  • Square Footage Finished: 957

Exterior Features

  • Exterior: Cement Planked
  • Foundation: Concrete Block
  • Roof: Composition
  • View: Lake
  • Waterfront: Bank-Low, Bulkhead, Lake
  • Waterfront Frontage: 61' low bank Summit

Garage/Parking

  • Parking Type: Carport-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Radiant, Stove/Free Standing, Wall, Ductless Hp-Mini Split
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Lake
  • Water Heater: Laundry room-Electric
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: Summit Lake
  • Community Features: Boat Launch, Clubhouse

Schools

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

Lot Info

  • Lot Number: Lot 77
  • Lot Details: Paved Street
  • Lot Sq Ft: 5989
  • Lot Topography Vegetation: Level, Sloped
  • Parcel Number: 77100007700
  • Zoning Code: RL2/1
  • Zoning Jurisdiction: County
  • Lot Topography: Level, Sloped

Tax Info

  • Tax Amount: 3686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Nov 18, 2020
Sold by
Vining Gonzalez Richelle C and Gonzalez Cardenas Luis
Bought by
Alinea Mario G and Alinea Marcielo B
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Mark Falk
Better Properties N. Proctor
List Price
$445,000
Sold Price
$480,000
Premium/Discount to List
$35,000
7.87%
Current Estimated Value
$692,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,807
Avg. Annual Appreciation
7.76%

Purchase Details

Closed on
Jun 22, 2004
Sold by
Giddings Jerry R and Giddings Gayle J
Bought by
Gonzalez Cardenas Luis M and Vining Gonzalez Richelle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,780
Interest Rate
4.12%
Mortgage Type
Unknown
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
Alinea Mario G $480,000 Chicago Title Company Of Wa
Gonzalez Cardenas Luis M $220,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Cardenas Luis M $197,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $480,000 +7.9% $502 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $445,000 -- $465 / 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 $4,871 $613,700 $261,000 $352,700
2023 $4,871 $568,300 $257,800 $310,500
2022 $3,946 $524,000 $242,000 $282,000
2021 $3,072 $401,000 $197,100 $203,900
2020 $3,687 $277,200 $162,600 $114,600
2019 $3,315 $298,600 $153,400 $145,200
2018 $3,167 $248,500 $137,800 $110,700
2017 $3,187 $256,700 $182,400 $74,300
2016 $2,798 $238,450 $156,450 $82,000
2014 -- $232,550 $156,450 $76,100
Source: Public Records

Agents Affiliated with this Home

  • Spence Weigand

    Seller's Agent in 2020

    Spence Weigand

    Virgil Adams Real Estate, Inc.

    (360) 789-3160

    138 Total Sales

    Spence Weigand
    Section Image
  • Mark Falk

    Buyer's Agent in 2020

    Mark Falk

    Better Properties N. Proctor

    (253) 228-9669

    121 Total Sales

    Mark Falk
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1679115

Northwest Multiple Listing Service (NWMLS)

APN: 77100007700

Washington Thurston County Olympia 98502

1203 Summit Lake Shore Rd NW, Olympia, WA

This home is located at 1203 Summit Lake Shore Rd NW, Olympia, WA 98502 since 20 October 2020 and is currently estimated at $692,807, approximately $723 per square foot. This property was built in 1957. 1203 Summit Lake Shore Rd NW is a home located in Thurston County with nearby schools including Griffin School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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