Listed by Elite Properties, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

3805 48th Ln NE Olympia, WA 98506

Estimated Value: $961,000 - $1,415,000

5 Beds
4 Baths
4,053 Sq Ft
$292/Sq Ft Est. Value

Last Sold September 27, 2017

Last sale price $500,000 $123 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $7,238/month

Highlights

  • 12.3 Acre Lot
  • 2 Car Attached Garage
  • Wall to Wall Carpet
  • Territorial View
  • Under Construction
  • Gas Fireplace

About This Home

As of September 2017

Come check out this 4000 plus sft home with 5 bed 3 bath that needs your finishing touches! Located on a 12 acre secluded lot in the South Bay area that can be used for your horses! Located just minutes from town. Has a nice size Shop for your toys and for RV Parking. Conveniently located just minutes from town.

Last Agent to Sell the Property

Chad Link

Elite Properties License #23313 Listed on: 08/10/2017

Co-Listed By

Adam Crocker

Elite Properties License #117547

Last Buyer's Agent

Marvin Yamada

John L. Scott, Inc. License #25001360

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1167755

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,169

Year Built

  • Built in 2006 | Under Construction

Lot Details

  • 12.3 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,053 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Wall to Wall Carpet
  • Territorial Views
  • Unfinished Basement

Bedrooms and Bathrooms

Utilities

  • Well
  • Septic Tank

Community Details

  • Olympia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11929330400

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,169

Year Built

Built in 2006 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2006
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4053
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: Unfinished
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: See Remarks, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Living Area: 4053
  • Main Level Bedrooms: 2
  • Bathrooms: 3.5
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 4053
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 2
  • BedroomsUpper: 1

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • HeatingCoolingType: Forced Air
  • WaterHeaterLocation: Unfinished Basement

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 11929330400
  • Lot Size Acres: 12.3
  • Lot Size Sq Ft: 535788
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2017
  • Tax Annual Amount: 7169

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2017
Closed on
Sep 1, 2017
Sold by
Deutsche Bank National Trust Company
Bought by
Bramham Trent C and Bramham Shelly A
Seller's Agent
Chad Link
Elite Properties
Buyer's Agent
Marvin Yamada
John L. Scott, Inc.
List Price
$449,000
Sold Price
$500,000
Premium/Discount to List
$51,000
11.36%
Current Estimated Value
$1,184,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$684,337
Avg. Annual Appreciation
10.92%
Original Mortgage
$400,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2017
Sold by
Edwards Curtis R and Edwards Carrie L
Bought by
Arvest Central Mortgage Company and Central Mortgage Company

Purchase Details

Closed on
Sep 12, 2012
Sold by
Edwards Carrie Lynn
Bought by
Edwards Curtis Russell
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
Bramham Trent C $499,719 Chicago Title Company
Deutsche Bank National Trust Company -- Chicago Title Company
Arvest Central Mortgage Company $517,830 None Available
Edwards Curtis Russell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bramham Shelly A $277,000
Closed Braham Trent C $286,000
Closed Bramham Trent C $400,000
Previous Owner Edwards Curtis R $75,000
Previous Owner Edwards Curtis R $417,000
Previous Owner Edwards Curtis R $426,000
Previous Owner Edwards Curtis R $277,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold $500,000 +11.4% $123 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $449,000 -- $111 / 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 $11,137 $1,207,800 $326,800 $881,000
2023 $11,137 $1,157,700 $299,700 $858,000
2022 $10,270 $1,157,000 $259,800 $897,200
2021 $8,561 $973,400 $246,900 $726,500
2020 $9,781 $772,000 $194,900 $577,100
2019 $8,875 $800,100 $189,300 $610,800
2018 $8,385 $621,600 $149,900 $471,700
2017 $7,169 $549,050 $155,050 $394,000
2016 $6,983 $532,400 $161,600 $370,800
2014 -- $520,900 $155,900 $365,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1167755

Northwest Multiple Listing Service (NWMLS)

APN: 11929330400