Listed by PNW Towns and Sound, Bought with Abbey Realty Inc
NOT LISTED FOR SALE

1509 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,220,000 - $1,463,000

2 Beds
4 Baths
3,315 Sq Ft
$404/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $955,000 $288 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,913/month

2 Days on Market

Highlights

  • Boathouse
  • Docks
  • Lake View
  • 36 Feet of Waterfront
  • RV Access or Parking
  • Cape Cod Architecture

About This Home

As of August 2020

An awe-inspiring Cape Cod style home on Summit Lake! Luxury living abounds in this "lifestyle property home".
An incredible home and lot on the NE end of Summit Lake. No Bank lakefront living w/80' dock, boat house, completely level property, plenty of room for parking. Detached garage w/living quarters. Granite counters, Heated radiant Marble flrs, elegant living throughout w/incredible views of the lake and territory. Summit lake is a full service lake w/water skiing, jet skiing & fishing.

Last Agent to Sell the Property

Al Eckroth

PNW Towns and Sound License #35223 Listed on: 07/01/2020

Co-Listed By

Polly Barber

Virgil Adams Real Estate, Inc. License #78955

Last Buyer's Agent

Jami Downing

Abbey Realty Inc License #49938

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1615989

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,557

Year Built

  • Built in 2002

Lot Details

  • 0.27 Acre Lot
  • 36 Feet of Waterfront
  • Partially Fenced Property
  • Secluded Lot
  • Sloped Lot
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Cape Cod Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,315 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • French Doors
  • Dining Room
  • Storm Windows

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Boathouse
  • Docks
  • Deck
  • Outbuilding

Schools

  • Griffin Elementary School
  • Griffin Mid Middle School
  • Capital High School

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Private Water Source
  • The lake is a source of water for the property
  • Water Heater
  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Summit Lake Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 155
  • Assessor Parcel Number 7710015500

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,557

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 2002
  • Inclusions: Dishwasher,DoubleOven,Dryer,Microwave,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Cape Cod
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3315
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Double Oven, Dryer, Washer
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Marble, See Remarks, Carpet
  • Interior Amenities: Ceramic Tile, Bath Off Primary, Double Pane/Storm Window, Dining Room, French Doors, Water Heater
  • Living Area: 3315
  • Main Level Bedrooms: 1
  • Bathrooms: 3.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 3315
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 1
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Microwave,Refrigerator,Washer
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Secluded
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: false
  • WaterfrontFootage: 36

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Lake, Private
  • Security: Security System, Fully Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electricity Available, Propane
  • PowerCompany: Puget Sound Energy
  • WaterCompany: Private-Lake
  • WaterHeaterType: Propane

Condo/Co-op/Association

  • Community Features: CCRs

Schools

  • Junior High Dist: Griffin
  • High School: Capital High
  • Middle Or Junior School: Griffin Mid School

Lot Info

  • Parcel Number: 7710015500
  • Topography: PartialSlope
  • Lot Size Acres: 0.2729
  • Lot Size: 47x248x252x36 +/-
  • Lot Size Sq Ft: 11889
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Boat House,Cable TV,Deck,Dock,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: County
  • LotNumber: 155

Green Features

  • Efficiency: High Efficiency (Unspecified)
  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9557

MLS Schools

  • Elementary School: Griffin Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Jul 29, 2020
Sold by
Wallace Stewart W
Bought by
Juergens Martin E and Juergens Heidi L
Seller's Agent
Al Eckroth
PNW Towns and Sound
Buyer's Agent
Jami Downing
Abbey Realty Inc
List Price
$950,000
Sold Price
$955,000
Premium/Discount to List
$5,000
0.53%
Current Estimated Value
$1,340,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,139
Avg. Annual Appreciation
6.10%
Original Mortgage
$510,400
Outstanding Balance
$376,173
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$917,858

Purchase Details

Listed on
Jul 27, 2012
Closed on
Dec 7, 2012
Sold by
Alvstad Rod R and Alvstad Linda D
Bought by
Wallace Stewart W
Seller's Agent
Dave Peterson
Abbey Realty Inc
Buyer's Agent
Al Eckroth
PNW Towns and Sound
List Price
$690,000
Sold Price
$690,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%
Original Mortgage
$400,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2000
Sold by
Hyland Michael A and Hyland Jennifer J
Bought by
Alvstad Rod R and Alvstad Linda D
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
Juergens Martin E $955,000 Chicago Title
Wallace Stewart W $690,000 Thurston County Title
Alvstad Rod R -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juergens Martin E $510,400
Previous Owner Wallace Stewart W $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $955,000 +0.5% $288 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $950,000 +37.7% $287 / Sq Ft
12/10/2012 12/10/12 Sold $690,000 0.0% $208 / Sq Ft
11/26/2012 11/26/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $690,000 -- $208 / 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 $10,037 $1,244,900 $304,000 $940,900
2023 $10,037 $1,181,600 $336,900 $844,700
2022 $8,731 $1,070,500 $316,900 $753,600
2021 $7,683 $897,600 $259,100 $638,500
2020 $9,557 $704,900 $230,500 $474,400
2019 $8,340 $785,100 $200,900 $584,200
2018 $8,917 $710,900 $179,900 $531,000
2017 $7,365 $602,000 $236,500 $365,500
2016 $7,699 $693,450 $207,950 $485,500
2014 -- $651,350 $207,950 $443,400
Source: Public Records

Agents Affiliated with this Home

  • Al Eckroth

    Seller's Agent in 2020

    Al Eckroth

    PNW Towns and Sound

    (360) 701-3307

    29 Total Sales

    Al Eckroth
    Section Image
  • Polly Barber

    Seller Co-Listing Agent in 2020

    Polly Barber

    Virgil Adams Real Estate, Inc.

    (360) 791-3595

    53 Total Sales

    Polly Barber
    Section Image
  • Jami Downing

    Buyer's Agent in 2020

    Jami Downing

    Abbey Realty Inc

    (360) 485-5511

    181 Total Sales

    Jami Downing
    Section Image

  • D

    Seller's Agent in 2012

    Dave Peterson

    Abbey Realty Inc

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1615989

Northwest Multiple Listing Service (NWMLS)

APN: 77100015500

Washington Thurston County Olympia 98502

1509 Summit Lake Shore Rd NW, Olympia, WA

This home is located at 1509 Summit Lake Shore Rd NW, Olympia, WA 98502 since 01 July 2020 and is currently estimated at $1,340,139, approximately $404 per square foot. This property was built in 2002. 1509 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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