Listed by BHGRE - Northwest Home Team
NOT LISTED FOR SALE

1325 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $904,000 - $1,164,000

0.15 Acre
$7,248,727 Price per Acre
6,534 Sq Ft Lot

Last Sold May 28, 2020

Last sale price $285,000

Est. 282% increase in value since last sale

Current estimated payment $6,560/month

2 Days on Market

About This Lot

As of May 2020

Welcome to Summit Lake. Absolutely gorgeous waterfront lot just waiting for your house plans! Enjoy summers days fishing, swimming, boarding, waterskiing or just relaxing! Great section of waterfront with 50' of frontage with existing bulkhead in place... build your dock and enjoy the water!

Last Agent to Sell the Property

Eric Prehm

BHGRE - Northwest Home Team License #114747 Listed on: 04/27/2020

BHGRE - Northwest Home Team

Co-Listed By

Jordan Trapp

eXp Realty License #133570

eXp Realty

Last Buyer's Agent

Jordan Trapp

eXp Realty License #133570

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1594217

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,622

Lot Details

Property Views

  • Lake
  • Territorial

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 77100011300

Community Details

Overview

  • Summit Lake Community

Recreation

  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$7,622

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 40 - Res-Less Thn 1 Ac
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: County Maintained
  • View: Lake, Territorial
  • Waterfront: Bulkhead, Lake

Utilities

  • Electricity: In Street
  • Gas Available: Not Available
  • Sewer: Not Available
  • Water: Not Available

Condo/Co-op/Association

  • Community Name: Summit Lake

Schools

  • School District: GRF

Lot Info

  • General Zoning Classification: Residential
  • Lot Sq Ft: 6483
  • Parcel Number: 77100011300
  • Zoning Jurisdiction: County

Tax Info

  • Tax Amount: 1958

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
May 26, 2020
Sold by
Ingrim Jana
Bought by
Ingrim Lee
Seller's Agent
Eric Prehm
BHGRE - Northwest Home Team
Buyer's Agent
Jordan Trapp
eXp Realty
List Price
$199,950
Sold Price
$285,000
Premium/Discount to List
$85,050
42.54%
Current Estimated Value
$1,087,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$802,309
Avg. Annual Appreciation
28.48%
Original Mortgage
$199,500
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 27, 2015
Sold by
Stephens Irene A
Bought by
Stephens Irene A M and Duane M & Irene A Stephens Living Trust

Purchase Details

Closed on
Mar 1, 2013
Sold by
Shafer Howard L and Shafer Patricia A
Bought by
Stephens Duane and Stephens Irene A
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Ingrim Lee -- Thurston County Title Co
Stephens Irene A M -- None Available
Stephens Duane $250,000 Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingrim Lee $400,000
Closed Ingrim Lee $199,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $285,000 +42.5% --
04/29/2020 04/29/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $199,950 -- --
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 $7,622 $1,079,500 $277,600 $801,900
2023 $7,622 $894,900 $277,000 $617,900
2022 $3,839 $828,900 $260,200 $568,700
2021 $1,660 $389,800 $212,100 $177,700
2020 $1,958 $153,100 $153,100 $0
2019 $1,816 $161,500 $161,500 $0
2018 $1,807 $145,000 $145,000 $0
2017 $2,338 $192,400 $192,400 $0
2016 -- $166,100 $164,800 $1,300
2014 -- $166,000 $164,800 $1,200
Source: Public Records

Agents Affiliated with this Home

  • Eric Prehm

    Seller's Agent in 2020

    Eric Prehm

    BHGRE - Northwest Home Team

    (360) 918-4237

    51 Total Sales

    Eric Prehm
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jordan Trapp

    eXp Realty

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1594217

Northwest Multiple Listing Service (NWMLS)

APN: 77100011300

Washington Thurston County Olympia 98502

1325 Summit Lake Shore Rd NW, Olympia, WA

This home is located at 1325 Summit Lake Shore Rd NW, Olympia, WA 98502 since 27 April 2020 and is currently estimated at $1,087,309. 1325 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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