Listed by NextHome Northwest Group, Bought with Keller Williams South Sound
$830,000
SOLD NOV 14, 2016

2317 Summit Lake Shore Rd NW Olympia, WA 98502

4 Beds
1 Bath
7,198 Sq Ft
1.11 Acres

Recently Sold

$115 Per Sq Ft

17% Below List Price

237 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Attached Garage
  • Lake View
  • 3 Fireplaces
  • Patio

About This Home

As of October 2019

Summit Lake Waterfront home on private acre w/100' of no bank frontage. Unique Timber & stone home started as a custom & is approx 70% complete. Great opportunity to add your designer touch & turn this into your own show place. Amazing lake views & dramatic floor plan w/soaring vaults & large rooms - the perfect place to entertain, massive deck, full basement with deluxe rec room, detached building ideal for office or guest house. Lots of possibilities here.

Last Agent to Sell the Property

Roberta Rudnick

NextHome Northwest Group License #31611 Listed on: 02/06/2016

NextHome Northwest Group

Co-Listed By

Kimberly Rucker

NextHome Northwest Group License #33824

Last Buyer's Agent

Brandon Neal

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM892245

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,206

Year Built

  • Built in 2007

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Log Siding
  • Stone

Interior Spaces

  • 1 Bathroom
  • 3 Fireplaces
  • Partially Finished Basement
  • Natural lighting in basement

Parking

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

Outdoor Features

  • Deck
  • Patio

Additional Features

  • Level Lot
  • 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
  • New Construction: Under Construction
  • Building Information: Built On Lot
  • Entrance Level: Main
  • New Construction: Y
  • Year Built: 2007
  • Special Features: 22
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Loft, Vaulted Ceilings
  • Approved Number of Bedrooms: 4
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 4.25
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Partially Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 7198
  • Square Footage Finished: 7198

Exterior Features

  • Exterior: Log, Stone
  • Foundation: Slab
  • Roof: Composition
  • View: Lake, Mountain, Territorial
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 100

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 4
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Water Company
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Name: Summit Lake

Schools

  • Elementary School: Griffin Elem
  • Middle School: Griffin Mid School
  • High School: Capital High
  • School District: GRF

Lot Info

  • Lot Number: Lots 53 & 54
  • Lot Dimensions: 1.11 Acres
  • Lot Sq Ft: 48367
  • Lot Topography Vegetation: Level, Sloped
  • Parcel Number: 65400005300
  • Zoning Code: Residential
  • Zoning Jurisdiction: County
  • Lot Topography: Level, Sloped

Tax Info

  • Tax Amount: 13880

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%
Current Estimated Value
$2,516,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,741,656
Avg. Annual Appreciation
20.56%

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
12.45%

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 Type Sale Price Title Company
Warranty Deed $775,000 Chicago Title
Deed -- --
Quit Claim Deed -- None Available
Warranty Deed $829,719 Thurston County Title
Sheriffs Deed $1,150,000 None Available
Contract Of Sale $1,150,000 None Available
Warranty Deed $675,000 Chicago Title Company
Quit Claim Deed $141,020 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Previous Owner $510,000 No Value Available
Previous Owner -- No Value Available
Previous Owner $510,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $200,000 Credit Line Revolving
Previous Owner $1,575,000 New Conventional
Previous Owner $1,300,000 Unknown
Previous Owner $440,000 New Conventional
Previous Owner $292,500 Negative Amortization
Previous Owner $55,000 Stand Alone Second
Closed $67,500 No Value Available
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: NWM892245

Northwest Multiple Listing Service (NWMLS)

APN: 65400005300