Listed by COMPASS, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

2306 Gravelly Beach Loop NW Olympia, WA 98502

Estimated Value: $1,129,000 - $1,351,000

1 Bed
2.5 Baths
1,968 Sq Ft
$634/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,200,000 $610 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,159/month

14 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Second Kitchen
  • Ocean View
  • Community Boat Launch
  • RV Access or Parking

About This Home

As of June 2023

Just another day in paradise! Whether you’re downsizing to enjoy the good life, looking for a vacation retreat or investment property, this private sanctuary is what dreams are made of! With over 408’ of low bank waterfront, 270 degrees of water views, private dock, bocce ball court, huge 3 car garage with room for a shop, and RV parking, this 2019 Masterpiece is awaiting you! Designed with the perfectionist in mind you’ll reel over the gourmet kitchen, heated quartzite eating bar, hardwood floors, and stunning tilework! Lower level provides a separate entrance making it perfect for guests, a nightly rental, or multigenerational living! Bring your imagination, boats, paddleboards, & water toys, and just soak in the serenity...

Last Agent to Sell the Property

Hal Bennett

COMPASS License #121316 Listed on: 05/12/2023

COMPASS

Last Buyer's Agent

Sandi Kleist

Berkshire Hathaway HS NW License #11700

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2066012

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,117

Year Built

  • Built in 1966

Lot Details

  • 3.52 Acre Lot
  • Low Bank Waterfront Property
  • 408 Feet of Waterfront
  • Home fronts a sound
  • Dirt Road
  • Street terminates at a dead end
  • Sloped Lot
  • Sprinkler System
  • Garden

Parking

  • 3 Car Detached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Canal

Home Design

  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,968 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Second Kitchen
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Patio
  • Outbuilding

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • Air Filtration System
  • High Efficiency Heating System
  • Heat Pump System
  • Baseboard Heating
  • Radiant Heating System
  • Generator Hookup
  • Propane
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 12930310501

Community Details

Overview

  • No Home Owners Association
  • Built by C&H Construction
  • Gravelly Beach Subdivision

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,117

Year Built

Built in 1966

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1966
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1968
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: true
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 1
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood, Second Kitchen, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Wired for Generator, Fireplace, Water Heater
  • Living Area: 1968
  • Main Level Bedrooms: 1
  • Bathrooms: 2.25
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1968
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Bay, Canal, Ocean, Sound
  • Lot Features: Dead End Street, Dirt Road
  • View: Yes
  • Waterfront Features: Bank-Low, Saltwater, Sound
  • Waterfront: Yes
  • Builder Name: C&H Construction
  • Exterior Features: Cement Planked
  • Foundation Details: Block, Poured Concrete, Slab
  • Structure Type: House
  • WaterfrontFootage: 408
  • WaterAccess: Beach Rights,Tideland Rights

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Detached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well, Private
  • Cooling: 90%+ High Efficiency, Central A/C, Heat Pump, HEPA Air Filtration
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Baseboard, Heat Pump, Insert, Radiant, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: n/a
  • WaterHeaterLocation: Downstairs HVAC Room
  • WaterHeaterType: Tankless
  • CableConnected: Direct TV
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Boat Launch
  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 12930310501
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 3.517
  • Lot Size: 3+Acres
  • Lot Size Sq Ft: 153200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Dock,Outbuildings,Patio,Propane,RV Parking,Shop,Sprinkler System
  • MLSLotSizeSource: Realist- Buyer to Verify
  • MLSSquareFootageSource: Realist- Buyer to Verify
  • ZoningJurisdiction: County
  • IrrigationComments: complete irrigation system

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6117

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jun 23, 2023
Sold by
Ray V Cava V and Ray Sheila M
Bought by
Wagner Peter T and Wagner Jane A
Seller's Agent
Hal Bennett
COMPASS
Buyer's Agent
Sandi Kleist
Berkshire Hathaway HS NW
List Price
$1,175,000
Sold Price
$1,200,000
Premium/Discount to List
$25,000
2.13%
Views
24
Current Estimated Value
$1,247,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,901
Avg. Annual Appreciation
1.74%
Original Mortgage
$700,000
Outstanding Balance
$681,282
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$566,619

Purchase Details

Closed on
Jan 5, 2018
Sold by
Smith Lesile G
Bought by
Cava Ray V and Cava Sheila M

Purchase Details

Closed on
Jun 30, 2016
Sold by
Gill Gary E
Bought by
Smith Leslie G
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 Buyer Sale Price Title Company
Wagner Peter T $1,200,000 Chicago Title
Cava Ray V $481,719 Chicago Title
Cava Ray V $481,719 Chicago Title
Smith Leslie G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Peter T $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Sold $1,200,000 +2.1% $610 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $1,175,000 -- $597 / 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 $6,202 $1,023,300 $375,600 $647,700
2023 $6,202 $813,200 $263,200 $550,000
2022 $6,152 $785,700 $234,800 $550,900
2021 $5,067 $681,800 $283,500 $398,300
2020 $3,935 $539,100 $252,800 $286,300
2019 $3,897 $361,800 $264,400 $97,400
2018 $2,433 $199,600 $163,500 $36,100
2017 $2,212 $184,600 $132,000 $52,600
2016 $2,197 $184,950 $132,550 $52,400
2014 -- $181,200 $133,900 $47,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2066012

Northwest Multiple Listing Service (NWMLS)

APN: 12930310501