NOT LISTED FOR SALE

2431 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $931,000 - $1,187,000

1 Bed
1 Bath
672 Sq Ft
$1,591/Sq Ft Est. Value

Last Sold June 19, 2015

Last sale price $267,500 $398 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $6,866/month

11 Days on Market

Highlights

  • Waterfront Community
  • Docks
  • RV Access or Parking
  • Thurgood Marshall Middle School Rated A-
  • Community Boat Launch
  • Lake View

About This Home

As of June 2015

Summit Lake Get-Away Cabin on the Quiet west end of the lake. No stairs to the no-bank lakefront. Easy off road driveway access with plenty of parking & a 2 car garage with shop space. Covered BBQ deck, composite dock, gas stove & new paint inside & out. A recent home inspection was done and most punch list items have been addressed. Convenient location just off highway 8 & only 15 minutes from I-5. The lake is 523 acres, stocked annually & great for boating, skiing & fishing. Come take a look!

Last Agent to Sell the Property

Curt Creswell

eXp Realty License #25188 Listed on: 04/20/2015

eXp Realty

Last Buyer's Agent

Sheryl Simpson

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM747054

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,380

Year Built

  • Built in 1960

Lot Details

  • Terraced Lot
  • Garden

Property Views

  • Lake
  • Territorial

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Vinyl Flooring
  • Oven or Range

Laundry

  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Docks
  • Deck
  • Outbuilding

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 65400008500

Community Details

Overview

  • Summit Lake Community

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,380

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 11 - 1 1/2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Loft, Skylights, Vaulted Ceilings
  • Floor Covering: Vinyl
  • Appliances That Stay: Dryer, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 1
  • Bedrooms: 1.00
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 672
  • Square Footage Finished: 672

Exterior Features

  • Exterior: Metal/Vinyl, Wood, Wood Products
  • Foundation: Post And Block
  • Roof: Composition, Metal
  • View: Lake, Territorial
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 50

Garage/Parking

  • Parking Type: Garage-Detached, Off Street
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 1
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Heater: Under Stairs-electric
  • Water Source: Lake

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: Plat NORTH SHORE SUMMIT LAKE LT 85
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach

Schools

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

Lot Info

  • Lot Details: Paved Street
  • Lot Dimensions: Prox 47x272x50x261
  • Lot Sq Ft: 15246
  • Lot Topography Vegetation: Garden Space, Partial Slope, Terraces
  • Parcel Number: 65400008500
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 3379

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 16, 2015
Sold by
Noble Raymond H and Farstad Tamara Jean
Bought by
The Shelstad Family Revocable Living Tru
Seller's Agent
Curt Creswell
eXp Realty
Buyer's Agent
Sheryl Simpson
Coldwell Banker Evergreen
List Price
$275,000
Sold Price
$267,500
Premium/Discount to List
-$7,500
-2.73%
Total Days on Market
11
Current Estimated Value
$1,069,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$801,561
Avg. Annual Appreciation
15.22%
Original Mortgage
$214,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 2013
Sold by
Noble Raymond H
Bought by
Farstad Tamara Jean and Noble Raymond H
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
The Shelstad Family Revocable Living Tru $267,219 Chicago Title Company
Farstad Tamara Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shelstad Michael J $200,000
Open The Shelstad Family Revocable Living Tru $417,000
Closed The Shelstad Family Revocable Living Tru $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2015 06/19/15 Sold $267,500 -2.7% $398 / Sq Ft
05/02/2015 05/02/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $275,000 -- $409 / 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 $10,380 $1,030,200 $303,200 $727,000
2023 $10,380 $951,200 $344,400 $606,800
2022 $8,992 $923,500 $332,600 $590,900
2021 $8,412 $724,700 $277,200 $447,500
2020 $9,232 $615,800 $240,400 $375,400
2019 $8,030 $661,700 $199,800 $461,900
2018 $7,567 $554,600 $178,800 $375,800
2017 $3,079 $235,300 $235,300 $0
2016 $3,456 $259,550 $207,750 $51,800
2014 -- $254,950 $207,750 $47,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Curt Creswell

    eXp Realty

    (360) 463-8136

    41 Total Sales

    Curt Creswell
    Section Image

  • S

    Buyer's Agent in 2015

    Sheryl Simpson

    Coldwell Banker Evergreen

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM747054

Northwest Multiple Listing Service (NWMLS)

APN: 65400008500

Washington Thurston County Olympia 98502

2431 Summit Lake Shore Rd NW, Olympia, WA

This home is located at 2431 Summit Lake Shore Rd NW, Olympia, WA 98502 since 20 April 2015 and is currently estimated at $1,069,061, approximately $1,590 per square foot. This property was built in 1960. 2431 Summit Lake Shore Rd NW is a home located in Thurston County with nearby schools including McLane Elementary School, Thurgood Marshall Middle School, and Capital High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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