NOT LISTED FOR SALE

2437 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $686,000 - $876,000

2 Beds
1 Bath
1,288 Sq Ft
$586/Sq Ft Est. Value

Last Sold September 15, 2016

Last sale price $575,000 $446 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,763/month

Highlights

  • Boathouse
  • Docks
  • Lake View
  • Thurgood Marshall Middle School Rated A-
  • RV Access or Parking
  • Deck

About This Home

As of September 2016

Gorgeous no-bank double lot waterfront on summit Lake with concrete bulkhead and steps into the water.

Last Agent to Sell the Property

Karen Hamilton

Coldwell Banker Evergreen License #28243 Listed on: 09/15/2016

Coldwell Banker Evergreen

Last Buyer's Agent

Karen Hamilton

Coldwell Banker Evergreen License #28243 Listed on: 09/15/2016

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1030261

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,309

Year Built

  • Built in 1970

Lot Details

  • Street terminates at a dead end
  • Sloped Lot
  • Wooded Lot
  • Garden
  • Property is zoned RL2/1

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • RV Access or Parking

Outdoor Features

  • Boathouse
  • Docks
  • Deck
  • Outbuilding

Utilities

  • Well
  • Septic System
  • Cable TV Available

Additional Features

  • Lake Views
  • Ceramic Tile Flooring

Community Details

  • Summit Lake Community

Listing and Financial Details

  • Assessor Parcel Number 65400008700

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,309

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Cabin
  • Building Information: Built On Lot
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, French Doors
  • Floor Covering: Ceramic Tile
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1288
  • Square Footage Finished: 1288

Exterior Features

  • Exterior: Wood
  • Foundation: Post And Pillar
  • Roof: Composition
  • View: Lake
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Water Heater: Closet-Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Summit Lake
  • Project: Summit Lake

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Capital High
  • School District: OLY

Lot Info

  • Lot Number: 87 & 88
  • Lot Details: Dead End Street
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 31313
  • Lot Topography Vegetation: Garden Space, Partial Slope, Wooded
  • Parcel Number: 65400008700
  • Zoning Code: RL2/1
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Partial Slope, Wooded

Tax Info

  • Tax Amount: 6626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2017
Sold by
Walker James and Walker Nancy
Bought by
Boknecht John T and Boknecht Heather
Total Days on Market
0
Current Estimated Value
$754,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2016
Closed on
Aug 27, 2016
Sold by
Finney Eugene and Finney Wilmina
Bought by
Walker James and Walker Nancy
Seller's Agent
Karen Hamilton
Coldwell Banker Evergreen
Buyer's Agent
Karen Hamilton
Coldwell Banker Evergreen
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$175,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1996
Sold by
Dewitt Dwight D and Dewitt Donna M
Bought by
Dewitt Dwight D and Dewitt Donna M
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
Boknecht John T $396,719 Thurston County Title Co
Walker James $574,719 Thurston County Title
Dewitt Dwight D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boknecht John T $304,000
Closed Boknecht John T $317,000
Previous Owner Walker James $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2016 09/15/16 Sold $575,000 0.0% $446 / Sq Ft
09/15/2016 09/15/16 For Sale $575,000 -- $446 / 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 $6,309 $570,500 $309,500 $261,000
2023 $6,309 $568,100 $351,400 $216,700
2022 $5,461 $535,900 $346,900 $189,000
2021 $4,831 $437,500 $289,300 $148,200
2020 $4,772 $351,000 $247,100 $103,900
2019 $4,113 $339,100 $211,000 $128,100
2018 $3,842 $278,800 $188,700 $90,100
2017 $4,162 $312,850 $247,350 $65,500
2016 $3,961 $300,400 $218,700 $81,700
2014 -- $293,100 $218,700 $74,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1030261

Northwest Multiple Listing Service (NWMLS)

APN: 65400008800