Listed by Better Homes and Gardens RE PC, Bought with Real Estate With Nik & Co
NOT LISTED FOR SALE

501 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated Value: $1,352,000 - $1,497,000

3 Beds
2.5 Baths
3,592 Sq Ft
$396/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $1,399,000 $389 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,953/month

44 Days on Market

Highlights

  • Lake Front
  • Docks
  • Clubhouse
  • Thurgood Marshall Middle School Rated A-
  • RV Access or Parking
  • Deck

About This Home

As of July 2024

Be ready for Spring & Summer 2024 - Move in and get settled & ENJOY Resort Living on Summit Lake! Custom home w/3592 Sq Ft, 3 beds, 2.5 baths nestled on 1.27 acres. Gated PAVED Driveway & 3 decks w/full waterfront view. Main floor has spectacular Chef's kitchen w/2 eating areas, built-in fridge, huge butcher block island. Eating nook's french doors lead to upper deck overlooking the park setting, huge Trex L-shaped dock & boat lift. Main floor Gorgeous Primary suite complete w/sitting area to enjoy the lake view. 5 piece primary bath w/heated floors, walk-in shower, claw foot tub & big walk-in closet. A/C comfort. Private well. HUGE 3 car garage w/extra shop & 1,100 sq ft bonus room. Fish cleaning table w/running water on dock.

Last Agent to Sell the Property

Joe Maxwell

Better Homes and Gardens RE PC License #12621 Listed on: 02/25/2024

Better Homes and Gardens RE PC

Last Buyer's Agent

Nikki Leske

Real Estate With Nik & Co License #26917

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2202668

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,309

Year Built

  • Built in 1994

Lot Details

  • 1.27 Acre Lot
  • Lake Front
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • Property is in very good condition

Parking

  • 3 Car Detached Garage
  • RV Access or Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,592 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • French Doors
  • Dining Room
  • Storm Windows
  • Finished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Generator Hookup
  • Propane
  • Well
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 77200000100

Community Details

Overview

  • No Home Owners Association
  • Summit Lake Subdivision

Amenities

  • Clubhouse

Recreation

  • Sport Court
  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,309

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1994
  • Buyer Agency Compensation: 2
  • Inclusions: Dishwashers,Microwaves,Refrigerators,StovesRanges
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 3592
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 428

Interior Features

  • Fireplaces: 1
  • Basement: Finished
  • Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Laminate Hardwood, Wired for Generator, Bath Off Primary, Double Pane/Storm Window, Dining Room, French Doors, Skylight(s), Walk-In Closet(s), Fireplace
  • Living Area: 3592
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 1
  • SquareFootageFinished: 3592
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Detached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: SecurityGate, FullyFenced
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Forced Air, Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Individual Well
  • CableConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Athletic Court, Club House, Playground, Trail(s)
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 77200000100
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 1.2666
  • Lot Size Sq Ft: 55174
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gated Entry,High Speed Internet,Irrigation,Outbuildings,Patio,Propane,RV Parking,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • IrrigationComments: Back up water supply from Lake.

Green Features

  • Power Production Type: Electric, Propane, Wood

Tax Info

  • Year: 2023
  • Tax Annual Amount: 12309

Multi Family

  • EnergySource: Electric,Propane,Wood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2025
Sold by
Molina Laura
Bought by
Laura A Molina 2024 Trust and Molina
Current Estimated Value
$1,414,677

Purchase Details

Listed on
Feb 25, 2024
Closed on
Jun 27, 2024
Sold by
Inglin Duane and Inglin Sheri
Bought by
Molina Laura
Seller's Agent
Joe Maxwell
Better Homes and Gardens RE PC
Buyer's Agent
Nikki Leske
Real Estate With Nik & Co
List Price
$1,499,999
Sold Price
$1,399,000
Premium/Discount to List
-$100,999
-6.73%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%

Purchase Details

Closed on
Feb 9, 2021
Sold by
Inglin Duane and Inglin Sheri
Bought by
Inglin Duane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,500
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2015
Closed on
Jun 11, 2015
Sold by
Shelstad Michael J and Shelstad Jan D
Bought by
Inglin Duane and Inglin Sheri
Seller's Agent
Kristina Zebell
Epique Realty
Buyer's Agent
Lorraine Baldwin
eXp Realty
List Price
$649,950
Sold Price
$624,950
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$417,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Laura A Molina 2024 Trust -- None Listed On Document
Molina Laura $1,399,000 Chicago Title
Inglin Duane -- Accommodation
Inglin Duane $624,669 Stewart Title Of Western Was
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inglin Duane $520,500
Previous Owner Inglin Duane $526,500
Previous Owner Inglin Duane $120,000
Previous Owner Inglin Duane $417,000
Previous Owner Shelstad Michael J $417,000
Previous Owner Shelstad Michael J $60,000
Previous Owner Shelstad Michael J $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $1,399,000 -6.7% $389 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,499,999 0.0% $418 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/25/2024 02/25/24 For Sale $1,499,999 +140.0% $418 / Sq Ft
06/12/2015 06/12/15 Sold $624,950 -0.8% $174 / Sq Ft
04/05/2015 04/05/15 Pending -- -- --
02/21/2015 02/21/15 Price Changed $629,950 -3.1% $175 / Sq Ft
01/12/2015 01/12/15 For Sale $649,950 -- $181 / 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 $14,496 $1,306,200 $418,100 $888,100
2023 $14,496 $1,312,800 $479,400 $833,400
2022 $10,583 $1,133,400 $435,700 $697,700
2021 $9,294 $852,100 $333,000 $519,100
2020 $9,861 $679,600 $290,800 $388,800
2019 $8,346 $705,800 $247,100 $458,700
2018 $9,238 $677,000 $219,900 $457,100
2017 $7,974 $603,600 $286,700 $316,900
2016 -- $675,900 $286,500 $389,400
2014 -- $621,000 $286,500 $334,500
Source: Public Records

Agents Affiliated with this Home

  • Joe Maxwell

    Seller's Agent in 2024

    Joe Maxwell

    Better Homes and Gardens RE PC

    (253) 208-2904

    145 Total Sales

    Section Image
  • Nikki Leske

    Buyer's Agent in 2024

    Nikki Leske

    Real Estate With Nik & Co

    (253) 224-0004

    200 Total Sales

    Section Image
  • Kristina Zebell

    Seller's Agent in 2015

    Kristina Zebell

    Epique Realty

    (206) 423-3989

    62 Total Sales

    Section Image
  • Lorraine Baldwin

    Buyer's Agent in 2015

    Lorraine Baldwin

    eXp Realty

    (253) 258-4463

    118 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2202668

Northwest Multiple Listing Service (NWMLS)

APN: 77200000100

Washington Thurston County Olympia 98502

501 Summit Lake Shore Rd NW, Olympia, WA

This home is located at 501 Summit Lake Shore Rd NW, Olympia, WA 98502 since 25 February 2024 and is currently estimated at $1,422,147, approximately $395 per square foot. This property was built in 1994. 501 Summit Lake Shore Rd NW is a home located in Thurston County with nearby schools including McLane Elementary School, Thurgood Marshall Middle School, and Capital 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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