Listed by Price & Price Realty, Inc. PS, Bought with Michael J Real Estate LLC
NOT LISTED FOR SALE

131 S Bank Rd Elma, WA 98541

Estimated Value: $460,000 - $609,000

2.18 Acres
$241,462 Price per Acre
94,961 Sq Ft Lot

Last Sold October 23, 2020

Last sale price $105,000 $60 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $3,056/month

6 Days on Market

Highlights

  • Territorial View
  • Open Space
  • Level Lot

About This Lot

As of October 2020

Looking for bare land to build your dream home? Here is a 2+ acre lot that has been cleared and is ready to go with the well drilled and all of the permits in place for the septic to be installed before closing. Its only a 5 minute drive to Hwy 12, which makes it a short commute to Olympia, the Ocean Beaches or the Olympic Mountains. Opportunities like this dont come around often so hurry this wont last long.

Last Agent to Sell the Property

Carl Fortman

Price & Price Realty, Inc. PS License #27028 Listed on: 08/27/2020

Last Buyer's Agent

Michael Jerabek

Michael J Real Estate LLC License #13011

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1654046

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • Open Space
  • Level Lot

Property Views

  • Territorial Views

Utilities

  • Well
  • Drilled Well
  • Sewer Not Available

Community Details

  • South Elma Community

Listing and Financial Details

  • Assessor Parcel Number 170611130110

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Corners Flagged
  • Style: 41 - Res-Over 1 Acre
  • Restrictions: NO Manufactured Homes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Approved Number of Bedrooms: 3

Exterior Features

  • Road Information: County Maintained, Paved
  • View: Territorial

Utilities

  • Electricity: In Street
  • Gas Available: Not Available
  • Septic Approved for Number of Bedrooms: 3
  • Septic Designedand Appliedfor: Y
  • Sewer: Not Available
  • Water: Drilled Well, Private Well

Condo/Co-op/Association

  • Community Name: South Elma

Schools

  • School District: ELM

Lot Info

  • General Zoning Classification: Residential
  • Lot Details: Open Space, Paved Street
  • Lot Sq Ft: 94961
  • Parcel Number: 170611130110
  • Topography: Level
  • Zoning Jurisdiction: County

Tax Info

  • Tax Amount: 679

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2024
Sold by
Beck Elizabeth
Bought by
Bridges Blake
Current Estimated Value
$522,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Outstanding Balance
$377,952
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$148,435

Purchase Details

Closed on
Nov 8, 2021
Sold by
Bridges Blake C
Bought by
Bridges Blake and Beck Elizabeth

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 2, 2020
Sold by
Mcelliott Jeffery D and Mcelliott Pamela J
Bought by
Bridges Blake C
Seller's Agent
Carl Fortman
Price & Price Realty, Inc. PS
Buyer's Agent
Michael Jerabek
Michael J Real Estate LLC
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.59%
Original Mortgage
$75,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 19, 2016
Sold by
Obryan Robert A and Obryan Billie J
Bought by
Brown Randy D and Brown Martha

Purchase Details

Closed on
Oct 18, 2016
Sold by
Jespersen Inc
Bought by
Mcelliott Jeff and Waltenburg Gary

Purchase Details

Closed on
Aug 5, 2008
Sold by
Brown Randy D and Brown Martha
Bought by
Oyster Bay Construction

Purchase Details

Closed on
Dec 6, 2005
Sold by
Obryan Robert A and Obryan Billie J
Bought by
Brown Randy D and Brown Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bridges Blake $181,238 None Listed On Document
Bridges Blake $184,800 Grays Harbor Title
Bridges Blake C $105,000 Coast Title
Brown Randy D -- Pacific Title
Mcelliott Jeff $80,000 Pacific Title
Oyster Bay Construction $55,000 Pacific Title
Brown Randy D $45,000 Pacific Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bridges Blake $382,000
Previous Owner Bridges Blake C $75,000
Previous Owner Brown Randy D $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $105,000 0.0% $60 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $105,000 -- $60 / 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
2025 $3,720 $408,101 $108,500 $299,601
2023 $3,883 $408,101 $108,500 $299,601
2022 $1,011 $93,300 $86,800 $6,500
2021 $673 $93,300 $86,800 $6,500
2020 $680 $56,000 $56,000 $0
2019 $640 $56,000 $56,000 $0
2018 $578 $56,000 $56,000 $0
2017 $547 $40,000 $40,000 $0
2016 $539 $40,000 $40,000 $0
2014 -- $40,000 $40,000 $0
2013 -- $40,000 $40,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1654046

Northwest Multiple Listing Service (NWMLS)

APN: 170611130110