NOT LISTED FOR SALE

3140 Banks Ln SW Olympia, WA 98512

Tumwater Hill Neighborhood

Estimated Value: $528,000 - $646,000

3 Beds
3 Baths
1,800 Sq Ft
$327/Sq Ft Est. Value

Last Sold July 30, 2019

Last sale price $370,000 $206 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,588/month

8 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Modern Architecture
  • Tumwater Middle School Rated A-
  • Bamboo Flooring
  • 3-minute walk to Overlook Point Park

About This Home

As of July 2019

Modern in design plan towers from the hillside with open space, high ceilings, Floor-to-ceiling windows, rooftop deck for entertaining plumbed for Wet Bar. Views of Capitol, city lights, Sound, Olympics & Mount Rainier. Conveniently located to bus lines, I-5, downtown Oly & major shopping areas. A/C, Energy star appliances & efficient heating & hot water units! Unique home in sought after neighborhood. Guest rooms on main with great-room living on second level w/low maintenance yard.

Last Agent to Sell the Property

Jesse Nelson

AgencyOne License #38425 Listed on: 06/10/2019

AgencyOne

Last Buyer's Agent

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1472164

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,698

Year Built

  • Built in 2008

Lot Details

  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Parking

  • Attached Garage

Property Views

  • Views of a Sound
  • Bay
  • Mountain
  • Territorial

Home Design

  • Modern Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Tumwater Hill Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 66990010700

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,698

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 13 - Tri-Level
  • Architecture: Modern
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Walk-In Closet
  • Floor Covering: Bamboo/Cork, Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.50
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Kitchen: Upper
  • Living Room: Upper
  • Estimated Sq Ft: 1800
  • Square Footage Finished: 1800

Exterior Features

  • Exterior: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Bay, Mountain, Sound, Territorial

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Heat Pump
  • Sewer: Sewer Connected
  • Water Heater: Garage-Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 46
  • Community Name: Tumwater Hill
  • Community Features: CCRs

Schools

  • School District: TUM

Lot Info

  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 3440
  • Lot Topography Vegetation: Level
  • Parcel Number: 66990010700
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 4205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 26, 2019
Sold by
Posadas Jacquie and Posadas Paul
Bought by
Hankins Martha M
Seller's Agent
Jesse Nelson
AgencyOne
Buyer's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
List Price
$370,000
Sold Price
$370,000
Current Estimated Value
$587,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,733
Avg. Annual Appreciation
8.07%
Original Mortgage
$100,000
Outstanding Balance
$68,748
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$524,765

Purchase Details

Closed on
May 28, 2010
Sold by
Carbon River Construction Company
Bought by
Posadas Jacquie and Posadas Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,947
Interest Rate
4.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Hankins Martha M $370,000 Stewart Title Thurston
Posadas Jacquie $305,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hankins Martha M $100,000
Previous Owner Posadas Jacquie $300,947
Previous Owner Carbon River Construction Company $5,580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2019 07/30/19 Sold $370,000 0.0% $206 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $370,000 -- $206 / 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 $4,698 $486,900 $119,700 $367,200
2023 $4,698 $469,300 $96,100 $373,200
2022 $4,588 $472,000 $75,700 $396,300
2021 $4,405 $389,800 $54,300 $335,500
2020 $4,618 $343,300 $66,900 $276,400
2019 $4,205 $349,000 $79,300 $269,700
2018 $4,177 $323,600 $73,500 $250,100
2017 $3,520 $268,250 $75,550 $192,700
2016 $3,400 $259,850 $72,150 $187,700
2014 -- $249,600 $69,500 $180,100
Source: Public Records

Agents Affiliated with this Home

  • Jesse Nelson

    Seller's Agent in 2019

    Jesse Nelson

    AgencyOne Realty

    (206) 930-1172

    60 Total Sales

    Jesse Nelson
    Section Image
  • Spence Weigand

    Buyer's Agent in 2019

    Spence Weigand

    Virgil Adams Real Estate, Inc.

    (360) 789-3160

    3 in this area

    143 Total Sales

    Spence Weigand
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1472164

Northwest Multiple Listing Service (NWMLS)

APN: 66990010700

Washington Thurston County Olympia 98512 Tumwater Hill

3140 Banks Ln SW, Olympia, WA

This home is located at 3140 Banks Ln SW, Olympia, WA 98512 since 10 June 2019 and is currently estimated at $587,733, approximately $326 per square foot. This property was built in 2008. 3140 Banks Ln SW is a home located in Thurston County with nearby schools including Tumwater Hill Elementary School, Tumwater Middle School, and A.G. West Black Hills 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) 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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