NOT LISTED FOR SALE

2341 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,147,000

0.33 Acre
$3,475,758 Price per Acre
14,375 Sq Ft Lot

Last Sold June 17, 2020

Last sale price $240,000

Est. 378% increase in value since last sale

Current estimated payment $6,414/month

20 Days on Market

Highlights

  • Community Boat Launch
  • Lake View
  • Open Space
  • Thurgood Marshall Middle School Rated A-
  • Secluded Lot

About This Lot

As of June 2020

Dream opportunity to build your own lakefront home! This site sits on a 520-acre lake. 50' by 237' waterfront lot with southerly exposure. No trees on the lot or the adjourning lots allow for full sun all day. 60' long by 8' wide deep water dock (apx depth at end is 10ft). Owner obtained approval for the building of a boathouse. Boat Lift and shed remain with the lot. New paved driveway is completed.

Last Agent to Sell the Property

Lucas Shaw

Windermere Bellevue Commons License #129149 Listed on: 04/14/2020

Windermere Bellevue Commons

Co-Listed By

Ramanjot Chawla

Windermere Bellevue Commons License #20115584

Last Buyer's Agent

Jared Mausten

Blue Summit Realty LLC License #130443

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1589765

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,918

Lot Details

  • Open Space
  • Street terminates at a dead end
  • Secluded Lot
  • Sloped Lot

Property Views

  • Lake
  • Territorial

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 65400006500

Community Details

Overview

  • Summit Lake Community

Recreation

  • Community Boat Launch

Property Details

Property Type

Land

Est. Annual Taxes

$3,918

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Recreational
  • Style: 40 - Res-Less Thn 1 Ac
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Approved Number of Bedrooms: 2

Exterior Features

  • Road Information: Access Easement, Privately Maintained
  • View: Lake, Territorial
  • Waterfront: Lake
  • Waterfront Frontage: 50

Utilities

  • Electricity: In Street
  • Gas Available: Not Available
  • Septic Approved for Number of Bedrooms: 2
  • Septic System Installed: Y
  • Sewer: Not Available
  • Water: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: Summit Lake
  • Community Features: Boat Launch

Schools

  • Elementary School: Mclane Elem
  • Middle School: Thurgood Marshall Mi
  • High School: Capital High
  • School District: OLY

Lot Info

  • Lot Number: 65
  • Easements: Shared Driveway
  • General Zoning Classification: Residential
  • Improvements: Dock
  • Lot Details: Dead End Street, Open Space, Secluded
  • Lot Sq Ft: 14409
  • Parcel Number: 65400006500
  • Topography: Sloped
  • Zoning Jurisdiction: County

Tax Info

  • Tax Amount: 2329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2020
Closed on
Jun 11, 2020
Sold by
Sode Stephen T and Sode Joy Lee
Bought by
Taylor Brian and Taylor Kristina
Seller's Agent
Lucas Shaw
Windermere Bellevue Commons
Buyer's Agent
Jared Mausten
Blue Summit Realty LLC
List Price
$240,000
Sold Price
$240,000
Total Days on Market
20
Current Estimated Value
$1,147,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,000
Avg. Annual Appreciation
37.10%
Original Mortgage
$192,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2005
Sold by
Robinson Todd
Bought by
Sode Stephen T and Sode Joy Lee

Purchase Details

Closed on
Oct 18, 2004
Sold by
Laney Lola I
Bought by
Robinson Todd
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Taylor Brian $240,000 Chicago Title
Sode Stephen T $145,000 Chicago Title Co
Robinson Todd $87,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Brian $618,020
Closed Taylor Brian $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $240,000 0.0% --
05/04/2020 05/04/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $240,000 -- --
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 $3,918 $299,100 $299,100 --
2023 $3,918 $356,600 $356,600 $0
2022 $3,308 $323,600 $323,600 $0
2021 $2,846 $268,300 $268,300 $0
2020 $2,670 $209,700 $209,700 $0
2019 $2,348 $192,400 $192,400 $0
2018 $2,329 $172,100 $172,100 $0
2017 $2,970 $226,950 $226,950 $0
2016 $2,657 $199,850 $199,850 $0
2014 -- $199,850 $199,850 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1589765

Northwest Multiple Listing Service (NWMLS)

APN: 65400006500