NOT LISTED FOR SALE

2626 Gravelly Beach Loop NW Olympia, WA 98502

Estimated Value: $1,587,000 - $1,701,000

2 Beds
1 Bath
3,512 Sq Ft
$475/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $700,000 $199 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $9,919/month

342 Days on Market

Highlights

  • Low Bank Waterfront Property
  • RV Access or Parking
  • Deck
  • Views of a Sound
  • Fruit Trees
  • Wood Flooring

About This Home

As of June 2015

Incredible waterfront setting and home! Southern exposure w/ views of Eld Inlet and the Black Hills. Low bank access to pebbly beach w/ bulkhead and spacious grassy entertaining area at water's edge plus boat ramp. Enormous Trex deck w/ hot tub, plus porte cochere, koi pond, and gated entry. Large 40x40 heated and finished shop w\ oversized bay and 2-ton hoist. Magnificently updated true open concept home w/ great fit and finish. Extensive use of Travertine, marble, & maple floors. Metal roof.

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 06/16/2014

Co-Listed By

Sue Sandberg

Virgil Adams Real Estate, Inc. License #6340

Last Buyer's Agent

Jim Greene

Olympic Sotheby's Int'l Realty License #23709

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM652575

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,298

Year Built

  • Built in 1989

Lot Details

  • Low Bank Waterfront Property
  • Property Fronts a Bay or Harbor
  • Property fronts a saltwater canal
  • Gated Home
  • Property is Fully Fenced
  • Sloped Lot
  • Sprinkler System
  • Fruit Trees

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Detached Garage
  • Attached Carport
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Well
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Gravelly Beach Community

Listing and Financial Details

  • Assessor Parcel Number 12930421101

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,298

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Approved Accessory Dwelling: Lower
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Hot Tub/Spa, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Main: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3512
  • Square Footage Finished: 3512

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Bay, Mountain, Sound
  • Waterfront: Bank-Low, Bay, Saltwater, Sound
  • Waterfront Frontage: 103' Eld Inlet

Garage/Parking

  • Parking Type: Carport-Attached, Garage-Detached
  • Total Covered Parking: 6

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, Stove/Free Standing
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Individual Well
  • Water Heater: Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Gravelly Beach
  • Project: SS-2253

Schools

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

Lot Info

  • Lot Number: Lot 2
  • Lot Details: Paved Street
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 49658
  • Lot Topography Vegetation: Fruit Trees, Partial Slope
  • Parcel Number: 12930421101
  • Zoning Jurisdiction: County
  • Lot Topography: Fruit Trees, Partial Slope

Tax Info

  • Tax Amount: 8794

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2014
Closed on
Jun 11, 2015
Sold by
Anderson Douglas P and Anderson Liane B
Bought by
Magnusson Kacey Lea
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Jim Greene
Olympic Sotheby's Int'l Realty
List Price
$880,000
Sold Price
$700,000
Premium/Discount to List
-$180,000
-20.45%
Current Estimated Value
$1,669,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$969,315
Avg. Annual Appreciation
8.60%

Purchase Details

Closed on
Mar 15, 2010
Sold by
Jabbar Salah Mike and Jabbar Judith
Bought by
Anderson Douglas P and Anderson Liane B

Purchase Details

Closed on
Feb 19, 1998
Sold by
Simpson Robert Bruce
Bought by
Jabbar Salah Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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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
Magnusson Kacey Lea $699,719 Chicago Title Company
Anderson Douglas P $750,000 Chicago Title Company
Jabbar Salah Mike $260,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnusson Kacey $475,000
Previous Owner Jabbar Salah Mike $475,000
Previous Owner Jabbar Salah Mike $182,000
Closed Jabbar Salah Mike $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Sold $700,000 -14.1% $199 / Sq Ft
05/25/2015 05/25/15 Pending -- -- --
04/13/2015 04/13/15 Price Changed $815,000 -3.6% $232 / Sq Ft
09/08/2014 09/08/14 Price Changed $845,000 -4.0% $241 / Sq Ft
06/16/2014 06/16/14 For Sale $880,000 -- $251 / 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 $12,298 $1,729,000 $621,300 $1,107,700
2023 $12,298 $1,627,700 $472,000 $1,155,700
2022 $11,239 $1,638,000 $407,200 $1,230,800
2021 $8,985 $1,256,300 $363,500 $892,800
2020 $9,283 $965,300 $335,400 $629,900
2019 $8,150 $867,500 $350,200 $517,300
2018 $8,873 $749,500 $276,300 $473,200
2017 $9,521 $823,000 $190,400 $632,600
2016 -- $790,150 $221,850 $568,300
2014 -- $744,850 $224,150 $520,700
Source: Public Records

Agents Affiliated with this Home

  • Spence Weigand

    Seller's Agent in 2015

    Spence Weigand

    Virgil Adams Real Estate, Inc.

    (360) 789-3160

    142 Total Sales

    Spence Weigand
    Section Image
  • Sue Sandberg

    Seller Co-Listing Agent in 2015

    Sue Sandberg

    Virgil Adams Real Estate, Inc.

    (360) 352-3756

    35 Total Sales

    Sue Sandberg
    Section Image

  • J

    Buyer's Agent in 2015

    Jim Greene

    Olympic Sotheby's Int'l Realty

    (360) 528-4167

    67 Total Sales

    Jim Greene
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM652575

Northwest Multiple Listing Service (NWMLS)

APN: 12930421101

Washington Thurston County Olympia 98502

2626 Gravelly Beach Loop NW, Olympia, WA

This home is located at 2626 Gravelly Beach Loop NW, Olympia, WA 98502 since 16 June 2014 and is currently estimated at $1,669,315, approximately $475 per square foot. This property was built in 1989. 2626 Gravelly Beach Loop NW is a home located in Thurston County with nearby schools including Griffin 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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