NOT LISTED FOR SALE

2317 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,614,000 - $2,564,763

6 Beds
2 Baths
7,466 Sq Ft
$300/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $775,000 $104 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $13,643/month

20 Days on Market

Highlights

  • Docks
  • Lake View
  • Wood Flooring
  • RV Access or Parking
  • Wooded Lot
  • 3 Fireplaces

About This Home

As of October 2019

Enjoy the endless fun & beauty of 1.1 Acres & 100ft of South facing Summit Lake waterfront. Magnificent oppty to complete w/ your vision. House Main & Upper flrs are 4,989sqft of living space plus bsmt for bonus play, watersports toys, jet ski's & gear storage. Detached 1,500sqft Cabin makes great guest house/office/playspace/etc. Open main flr living flows onto 650sqft unobstructed view deck. Large Master Suite w/ numerous value features and customizable options. Schedule your showing today.

Last Agent to Sell the Property

Gary McMann

Coldwell Banker Danforth License #80722 Listed on: 07/31/2019

Coldwell Banker Danforth

Last Buyer's Agent

Dmitriy Zakharin

eXp Realty License #106265

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1498830

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,206

Year Built

  • Built in 2007

Lot Details

  • Open Space
  • Sloped Lot
  • Wooded Lot
  • Garden
  • Property is zoned RL2/1

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Wood Flooring
  • Natural lighting in basement

Parking

  • Attached Garage
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Docks

Utilities

  • The lake is a source of water for the property
  • Septic System

Community Details

  • Summit Lake Community

Listing and Financial Details

  • Assessor Parcel Number 65400005300

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,206

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Wired For Generator, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, French Doors, High Tech Cabling, Loft, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood
  • Bedrooms: 6.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 4.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Living Room: Main
  • Recreation Room: Upper
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 7466
  • Square Footage Finished: 7466

Exterior Features

  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Lake
  • Waterfront Frontage: 99

Garage/Parking

  • Parking Type: Garage-Attached, Off Street
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Forced Air, Radiant, 90%+ High Efficiency, Tankless Water Heater
  • Sewer: Septic
  • Water Heater: Basement-Tankless On-Demand
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: SW Plat North Shore Summit Lake

Schools

  • School District: GRF

Lot Info

  • Lot Number: 53 & 54
  • Lot Details: Open Space
  • Lot Sq Ft: 48367
  • Lot Topography Vegetation: Garden Space, Partial Slope, Wooded
  • Parcel Number: 65400005300
  • Zoning Code: RL2/1
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Partial Slope, Wooded

Tax Info

  • Tax Amount: 15855

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2019
Closed on
Oct 4, 2019
Sold by
Khatib Adam and Larson Hans
Bought by
Queensville Development Llc
Seller's Agent
Gary McMann
Coldwell Banker Danforth
Buyer's Agent
Dmitriy Zakharin
eXp Realty
List Price
$948,000
Sold Price
$775,000
Premium/Discount to List
-$173,000
-18.25%
Total Days on Market
20
Current Estimated Value
$2,237,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,462,921
Avg. Annual Appreciation
20.26%

Purchase Details

Closed on
Nov 19, 2018
Sold by
Shawarma Boyz Llc
Bought by
Khatib Adam and Larson Hans

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
4.94%

Purchase Details

Listed on
Feb 6, 2016
Closed on
Nov 18, 2016
Sold by
Shawarma Boyz Llc
Bought by
Khatib Adam and Larson Hans
Seller's Agent
Roberta Rudnick
NextHome Northwest Group
Buyer's Agent
Brandon Neal
Keller Williams South Sound
List Price
$999,000
Sold Price
$830,000
Premium/Discount to List
-$169,000
-16.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%

Purchase Details

Listed on
Feb 6, 2016
Closed on
Nov 10, 2016
Sold by
Olympia Federal Savings & Loan Associati
Bought by
Shawarma Boyz Llc
Seller's Agent
Roberta Rudnick
NextHome Northwest Group
Buyer's Agent
Brandon Neal
Keller Williams South Sound
List Price
$999,000
Sold Price
$830,000
Premium/Discount to List
-$169,000
-16.92%

Purchase Details

Closed on
Nov 18, 2014
Sold by
Briggs Gary E and Briggs Laurie S
Bought by
Olympia Federal Savings & Loan Associati

Purchase Details

Closed on
Oct 16, 2013
Sold by
Briggs Gary E and Briggs Laurie S
Bought by
Olympia Federal Savings & Loan Associato

Purchase Details

Closed on
Sep 8, 2006
Sold by
Singleton Robert B and Singleton Nancy L
Bought by
Briggs Gary E and Briggs Laurie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Singleton Robert B and Singleton Nancy L
Bought by
Singleton Kathleen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.94%
Mortgage Type
Negative Amortization
Source: Public Records

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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
Queensville Development Llc $775,000 Chicago Title
Khatib Adam -- --
Khatib Adam -- None Available
Shawarma Boyz Llc $829,719 Thurston County Title
Olympia Federal Savings & Loan Associati $1,150,000 None Available
Olympia Federal Savings & Loan Associato $1,150,000 None Available
Briggs Gary E $675,000 Chicago Title Company
Singleton Kathleen C $141,020 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Queensville Development Llc $300,000
Previous Owner Khatib Adam $510,000
Previous Owner Khatib Adam --
Previous Owner Khatib Adam $510,000
Previous Owner Khatib Adam $200,000
Previous Owner Briggs Gary E $1,575,000
Previous Owner Briggs Gary E $1,300,000
Previous Owner Briggs Gary E $440,000
Previous Owner Singleton Kathleen C $292,500
Previous Owner Singleton Robert B $55,000
Closed Singleton Kathleen C $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $775,000 -18.2% $104 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $948,000 +14.2% $127 / Sq Ft
11/14/2016 11/14/16 Sold $830,000 0.0% $115 / Sq Ft
10/03/2016 10/03/16 Off Market $830,000 -- --
10/01/2016 10/01/16 Pending -- -- --
07/01/2016 07/01/16 Price Changed $859,000 -14.0% $119 / Sq Ft
02/06/2016 02/06/16 For Sale $999,000 -- $139 / 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 $21,206 $2,957,900 $411,400 $2,546,500
2023 $21,206 $2,343,600 $471,900 $1,871,700
2022 $14,169 $2,106,600 $428,100 $1,678,500
2021 $12,930 $1,454,400 $411,800 $1,042,600
2020 $18,254 $1,184,800 $352,100 $832,700
2019 $15,856 $1,499,600 $300,100 $1,199,500
2018 $16,649 $1,326,800 $267,300 $1,059,500
2017 $13,135 $1,072,900 $348,400 $724,500
2016 $13,880 $1,268,050 $309,550 $958,500
2014 -- $1,173,650 $309,550 $864,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1498830

Northwest Multiple Listing Service (NWMLS)

APN: 65400005300