Listed by Keller Williams Realty Bothell, Bought with Coldwell Banker Bain
$535,000
SOLD JUN 13, 2025

1248 Derby Ln SE Olympia, WA 98501

3 Beds
2.5 Baths
1,875 Sq Ft
8,009 Sq Ft Lot

Recently Sold

$285 Per Sq Ft

4% Above List Price

Highlights

  • Territorial View
  • Corner Lot
  • Skylights
  • Peter G. Schmidt Elementary School Rated A-
  • Sport Court
  • 2 Car Attached Garage

About This Home

As of June 2025

Soaring 17 foot ceilings greet you in this sun-drenched 3BR 2.5BA home! Situated at the end of a Private Lane, this lovely Home has a large, Fully-Fenced Lot & is located in desirable Bridlewood Neighborhood. Featuring New Exterior Paint (2023), New Carpet (2025), New H2O Tank (2025), & refreshed Crawl Space (2025). Kitchen boasts Plentiful Storage, Built-in Wine Rack, & Accent Cabinetry. Entertain via Slider to Patio, or cozy up to Gas FP w/Natural Brick Surround. Upstairs you'll find Large Primary Suite w/En-Suite Bath, Two Spacious Secondary Bedrooms with WIC, & Laundry. Enjoy your A/C, & have Peace of Mind since Wired for Generator! Dues include Front Yard Maintenance, Community Park, Playground, & Athletic Court. Welcome Home!

Last Agent to Sell the Property

Lorna Martins

Keller Williams Realty Bothell License #122001 Listed on: 05/07/2025

Keller Williams Realty Bothell

Last Buyer's Agent

Denice Jentlie

Coldwell Banker Bain License #120420

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2357627

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 2003

Lot Details

  • 8,009 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden

HOA Fees

  • $132 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,875 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Patio

Utilities

  • Central Air
  • High Efficiency Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Morris Management Association
  • Secondary HOA Phone (425) 283-5858
  • Built by Rob Rice Homes
  • Tumwater Subdivision
  • The community has rules related to covenants, conditions, and restrictions
  • Property is near a preserve or public land

Recreation

  • Sport Court
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,338

Year Built

Built in 2003

Lot Details

0

HOA Fees

$132 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 2003
  • Inclusions: Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bridlewood
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1875
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2357627?w=Consumer&agent=105781
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s), Ceramic Tile, Double Pane/Storm Window, Dining Room, Fireplace, Skylight(s)
  • Living Area: 1875
  • Main Level Bathrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1875
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s)

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Adjacent to Public Land, Corner Lot, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Builder Name: Rob Rice Homes
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Tumwater
  • WaterCompany: City of Tumwater
  • CableConnected: Comcast/Xfinity
  • InternetConnected: Comcast/Xfinity

Condo/Co-op/Association

  • Community Features: Athletic Court, CCRs, Park, Playground
  • Senior Community: No
  • Association Fee: 132
  • Association Fee Frequency: Monthly
  • Phone: 425-283-5858
  • Association: Yes
  • AssociationContactName: Morris Management

Schools

  • Junior High Dist: Tumwater
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 37010000100
  • Topography: Level,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.1839
  • Lot Size Sq Ft: 8009
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • LotNumber: 1

Green Features

  • Power Production Type: Natural Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4338

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2025
Closed on
Jun 10, 2025
Sold by
Whittle Joseph V
Bought by
Carder Suzan Whitney and Hilkert Erich Michael
Seller's Agent
Lorna Martins
Keller Williams Realty Bothell
Buyer's Agent
Denice Jentlie
Coldwell Banker Bain
List Price
$515,000
Sold Price
$535,000
Premium/Discount to List
$20,000
3.88%
Views
72
Current Estimated Value
$526,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,968
Avg. Annual Appreciation
-5.15%
Original Mortgage
$481,500
Outstanding Balance
$480,252
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$45,780

Purchase Details

Closed on
Jun 20, 2003
Sold by
Gemini Corp
Bought by
Whittle Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,960
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $535,000 Chicago Title
Warranty Deed $169,950 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $481,500 New Conventional
Previous Owner $135,960 Unknown
Closed $25,490 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 Sold $535,000 +3.9% $285 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
05/07/2025 05/07/25 For Sale $515,000 -- $275 / 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 $4,293 $435,800 $142,500 $293,300
2023 $4,293 $428,700 $134,000 $294,700
2022 $3,989 $411,100 $94,300 $316,800
2021 $3,698 $338,800 $80,100 $258,700
2020 $3,559 $288,100 $83,700 $204,400
2019 $3,156 $268,800 $80,500 $188,300
2018 $3,003 $232,600 $65,400 $167,200
2017 $2,985 $227,400 $60,800 $166,600
2016 $2,932 $213,050 $62,050 $151,000
2014 -- $210,550 $63,450 $147,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2357627

Northwest Multiple Listing Service (NWMLS)

APN: 37010000100