NOT LISTED FOR SALE

1229 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,091,297 - $1,285,000

3 Beds
2 Baths
3,048 Sq Ft
$391/Sq Ft Est. Value

Last Sold March 29, 2016

Last sale price $600,000 $197 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $7,011/month

109 Days on Market

Highlights

  • Boathouse
  • Community Boat Launch
  • Lake View
  • Docks
  • Spa
  • Deck

About This Home

As of March 2016

The ENTIRE Luxury Lakefront Living Package! 3BR/2.5BA custom built home. 3048sqft of elegance on 70’ of prime Summit Lake waterfront. Enjoy sunsets and sweeping views from every room. Main floor master, chef's kitchen w/2nd kitchen on lower level (downstairs could be separate unit).Huge deck, enclosed patio, hot tub and sauna! Wow! Room for all your “waterfront toys” in a 3 car finished, heated garage. Boathouse w/carriage & electric winch. Easy access to Olympia’s Westside and Olympia schools.

Last Agent to Sell the Property

Dean Stohl

Team/Max Services, Inc Listed on: 05/28/2015

Team/Max Services, Inc

Last Buyer's Agent

Chance Wehrer

Coldwell Banker Evergreen License #29991

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM792163

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,561

Year Built

  • Built in 1998

Lot Details

  • Terraced Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Cement Board or Planked

Kitchen

  • Oven or Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Bulkhead
  • Boathouse
  • Docks
  • Deck
  • Patio
  • Gazebo

Utilities

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

Additional Features

  • 2 Bathrooms
  • Natural lighting in basement

Listing and Financial Details

  • Assessor Parcel Number 7710000900

Community Details

Overview

  • Summit Lake Community

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,561

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Contemporary
  • Homebuilder: Wayne D Hills
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wired For Generator, Bath Off Master, Dbl Pane/Storm Windw, High Tech Cabling, Hot Tub/Spa, Sauna, Security System, Skylights, Walk-In Closet
  • Floor Covering: Ceramic Tile, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 2.00
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Extra Finished Room: Lower
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3048
  • Square Footage Finished: 3048

Exterior Features

  • Exterior: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Territorial
  • Waterfront: Bulkhead, Lake, No Bank
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump, Stove/Free Standing
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Water Company: Lake water - w/treatment system
  • Water Heater: Basement-Electric
  • Water Source: Private, Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Community Features: Boat Launch

Schools

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

Lot Info

  • Lot Details: Paved Street
  • Lot Dimensions: 70x183x84x183 +/-
  • Lot Sq Ft: 8712
  • Lot Topography Vegetation: Garden Space, Partial Slope, Terraces
  • Parcel Number: 7710000900
  • Zoning Code: Residential
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 6161

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2015
Closed on
Mar 24, 2016
Sold by
Koch Richard
Bought by
Leno Pamela J
Seller's Agent
Dean Stohl
Team/Max Services, Inc
Buyer's Agent
Chance Wehrer
Coldwell Banker Evergreen
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Current Estimated Value
$1,191,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,324
Avg. Annual Appreciation
7.43%
Original Mortgage
$480,000
Outstanding Balance
$379,918
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$811,406

Purchase Details

Closed on
Jul 6, 2000
Sold by
Koch Dianne M
Bought by
Koch Richard L

Purchase Details

Closed on
Jul 10, 1997
Sold by
Hills Wayne D
Bought by
Koch Richard L and Koch Dianne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,384
Interest Rate
7.93%
Source: Public Records

Range of Values:

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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
Leno Pamela J $599,719 First American Title
Koch Richard L -- --
Koch Richard L $155,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leno Pamela J $480,000
Previous Owner Koch Richard L $155,384
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2016 03/29/16 Sold $600,000 -4.0% $197 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $625,000 0.0% $205 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $625,000 -- $205 / 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 $8,561 $1,106,500 $271,700 $834,800
2023 $8,561 $1,006,300 $283,700 $722,600
2022 $7,118 $942,100 $266,500 $675,600
2021 $6,607 $730,200 $217,800 $512,400
2020 $8,434 $605,100 $192,500 $412,600
2019 $7,421 $692,000 $168,900 $523,100
2018 $7,047 $560,500 $151,500 $409,000
2017 $6,200 $505,650 $200,150 $305,500
2016 $6,134 $552,750 $174,450 $378,300
2014 -- $517,650 $174,450 $343,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM792163

Northwest Multiple Listing Service (NWMLS)

APN: 77100009000