NOT LISTED FOR SALE

1617 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,584,505 - $1,725,000

3 Beds
1 Bath
4,310 Sq Ft
$385/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $850,000 $197 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $10,120/month

13 Days on Market

Highlights

  • Boathouse
  • Community Boat Launch
  • RV Access or Parking
  • Docks
  • Spa
  • Lake View

About This Home

As of November 2016

Fantastic Custom built Summit Lake waterfront home w/SE exposure! Panoramic lake views from 3 decks. 100 ft of no bank waterfront w/ a terraced approach to the lake incl. dock and boat house. Large Open concept kitchen, Slab granite counters, gas cook top, cherry cabinets, solid wood doors and trim. Slate, travertine, and Koa Tigerwood flooring throughout. Lower level features, stained & etched conc. floors w/ radiant heat, A/C, wine cellar, workshop, walk in tiled shower, and much more!

Last Agent to Sell the Property

Paul Wolfe

Redfin Corp. Listed on: 09/30/2016

Last Buyer's Agent

Cindy Blyle

RE/MAX Northwest License #23983

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1036482

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,159

Year Built

  • Built in 2009

Lot Details

  • Partially Fenced Property
  • Terraced Lot
  • Garden

Property Views

  • Lake
  • Territorial

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite
  • Stone

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Concrete
  • Slate Flooring

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Bulkhead
  • Boathouse
  • Docks
  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 77120018400

Community Details

Overview

  • Summit Lake Community

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,159

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wine Cellar, Wired For Generator, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Fireplace In Mstr Br, Jetted Tub, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Concrete, Hardwood, Slate
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4490
  • Square Footage Finished: 4310
  • Square Footage Unfinished: 180

Exterior Features

  • Exterior: Cement Planked, Stone, Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial
  • Waterfront: Bulkhead, Lake, No Bank
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Radiant, Ductless Hp-Mini Split
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Water Company: Lake
  • Water Heater: Basement-electric
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: 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 Sq Ft: 9429
  • Lot Topography Vegetation: Garden Space, Partial Slope, Terraces
  • Parcel Number: 77120018400
  • Lot Topography: Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 6264

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2016
Closed on
Nov 28, 2016
Sold by
Johnson Eric A and Jaspers Johnson Renee A
Bought by
Blackner Gregary M and Blackner Deborah
Seller's Agent
Paul Wolfe
Redfin Corp.
Buyer's Agent
Cindy Blyle
RE/MAX Northwest
List Price
$879,900
Sold Price
$850,000
Premium/Discount to List
-$29,900
-3.4%
Current Estimated Value
$1,659,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$809,168
Avg. Annual Appreciation
7.69%
Original Mortgage
$417,000
Outstanding Balance
$340,252
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$1,286,780

Purchase Details

Closed on
Mar 20, 2009
Sold by
Jasper Renee A
Bought by
Jasper Renee A and Johnson Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$541,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2007
Sold by
Renaissance Investments Llc
Bought by
Jaspers Renee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 3, 2005
Sold by
Jaspers Renee A
Bought by
Renaissance Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 18, 2005
Sold by
Sawka Daniel J and Sawka Kelly A
Bought by
Jaspers Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 16, 2003
Sold by
Sawka Daniel J
Bought by
Sawka Daniel J and Sawka Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.15%

Purchase Details

Closed on
Dec 19, 1995
Sold by
Abbott Marie E
Bought by
Sawka Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.38%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Blackner Gregary M $849,719 First American Title
Jasper Renee A -- Stewart Title Of Western Was
Jaspers Renee A -- None Available
Renaissance Investments Llc -- --
Jaspers Renee $325,000 Chicago Title Co
Sawka Daniel J -- Pioneer Title Company
Sawka Daniel J -- Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackner Gregary M $417,000
Previous Owner Jaspers Johnson Renee A $455,725
Previous Owner Jaspers Renee A $470,000
Previous Owner Jasper Renee A $541,000
Previous Owner Jaspers Renne A $268,000
Previous Owner Jaspers Renee $260,000
Previous Owner Sawka Daniel J $110,000
Previous Owner Sawka Daniel J $80,000
Closed Jaspers Renee $32,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $850,000 -3.4% $197 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $879,900 -- $204 / 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 $13,159 $1,629,900 $289,900 $1,340,000
2023 $13,159 $1,552,100 $307,800 $1,244,300
2022 $11,700 $1,359,100 $289,300 $1,069,800
2021 $9,508 $1,205,800 $236,500 $969,300
2020 $12,878 $874,200 $210,500 $663,700
2019 $11,144 $1,060,300 $182,200 $878,100
2018 $11,569 $924,200 $163,400 $760,800
2017 $7,237 $591,350 $215,550 $375,800
2016 $6,264 $566,850 $188,550 $378,300
2014 -- $528,750 $188,550 $340,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1036482

Northwest Multiple Listing Service (NWMLS)

APN: 77120018400