NOT LISTED FOR SALE

2503 114th Ave SW Olympia, WA 98512

Estimated Value: $576,000 - $660,384

3 Beds
2 Baths
1,952 Sq Ft
$315/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $550,000 $282 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,858/month

1 Day on Market

Highlights

  • Waterfront Community
  • Golf Course Community
  • RV Access or Parking
  • Docks
  • Community Boat Launch
  • Lake View

About This Home

As of April 2021

Amazing new custom home build on .35 acres with SCOTT LAKE VIEW! This 3bd 2ba + office single story home is full of high end finishes. It’s open concept kitchen features quarts countertops, stainless steel appliances, soft close hinges and a large farmhouse sink. Expansive master bedroom with back yard views. The master bath includes a showcase soaking tub and a walk in tiled shower. Large utility room with plenty of storage space. Garage has space for three cars, or convert part to an ADU! High efficiency systems include heat pump and hybrid water heater. Scott Lake is a quiet community with private boat launch, playground, golf course, tennis courts, fishing dock and clubhouse. Close to Olympia amenities and I5 for easy commute.

Last Agent to Sell the Property

Kelly Larson

Lake Homes Realty, LLC License #28059 Listed on: 03/03/2021

Last Buyer's Agent

Sarah Lykes

Keller Williams South Sound License #133705

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1737053

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,567

Year Built

  • Built in 2019

Lot Details

  • Open Space
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Property is zoned RL2/1

Property Views

  • Lake Views

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Docks
  • Patio

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 72750401800

Community Details

Overview

  • Scott Lake Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,567

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Nw Contemporary
  • Homebuilder: Adair
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet, R
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Den or Office: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1952
  • Square Footage Finished: 1952
  • Square Footage Unfinished: 752

Exterior Features

  • Exterior: Cement Planked, Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Scott Lake Community
  • Water Source: Community

Condo/Co-op/Association

  • HOA Fees: 44
  • Community Name: Scott Lake
  • Project: Scott Lake Div
  • Community Features: Boat Launch, CCRs, Clubhouse, Golf Course, Community Waterfront/Pvt Beach, Tennis Courts, J, K

Schools

  • Elementary School: Littlerock Elem
  • Middle School: George Wash Bush Mid
  • High School: Tumwater High
  • School District: TUM

Lot Info

  • Lot Number: 18
  • Lot Details: Corner Lot, Open Space, Paved Street
  • Lot Sq Ft: 15645
  • Lot Topography Vegetation: Level
  • Parcel Number: 72750401800
  • Zoning Code: RL2/1
  • Zoning Jurisdiction: County
  • Lot Topography: Level

Tax Info

  • Tax Amount: 4645

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Apr 6, 2021
Sold by
Smith Tasha and Smith Brian
Bought by
Gillis Murdock Ray and Gillis Emily Catherine
Seller's Agent
Kelly Larson
Lake Homes Realty, LLC
Buyer's Agent
Sarah Lykes
Keller Williams South Sound
List Price
$489,000
Sold Price
$550,000
Premium/Discount to List
$61,000
12.47%
Current Estimated Value
$614,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,641
Avg. Annual Appreciation
2.32%
Original Mortgage
$440,000
Outstanding Balance
$400,959
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$206,511

Purchase Details

Listed on
Jun 28, 2018
Closed on
Oct 11, 2018
Sold by
Boehm Daylene
Bought by
Smith Tasha and Smith Brian
Seller's Agent
Erin McCready
RE/MAX Realty South
Buyer's Agent
Cattlena Nguyen
Better Properties Hometown
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
168.41%
Original Mortgage
$331,606
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 5, 2014
Sold by
The Burdin Family Trust
Bought by
Burdin Doris Lee

Purchase Details

Closed on
Feb 26, 1999
Sold by
Burdin Verna
Bought by
Burdin Verna and Burdin Family Trust
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
Gillis Murdock Ray $550,000 Chicago Title
Smith Tasha $47,719 Chicago Title Co
Burdin Doris Lee -- None Available
Burdin Verna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillis Murdock Ray $440,000
Previous Owner Smith Tasha $331,606
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $550,000 +12.5% $282 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $489,000 +918.8% $251 / Sq Ft
10/19/2018 10/19/18 Sold $48,000 -3.8% --
07/01/2018 07/01/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $49,900 -- --
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 $5,567 $599,500 $128,200 $471,300
2023 $5,567 $532,200 $96,200 $436,000
2022 $6,337 $533,700 $103,700 $430,000
2021 $5,546 $509,100 $67,900 $441,200
2020 $5,123 $400,400 $59,100 $341,300
2019 $478 $356,400 $46,000 $310,400
2018 $381 $29,300 $29,300 $0
2017 $387 $28,600 $28,600 $0
2016 $569 $43,100 $43,100 $0
2014 -- $43,100 $43,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1737053

Northwest Multiple Listing Service (NWMLS)

APN: 72750401800