Listed by Better Properties Gig Harbor, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

5020 SE Nelson Rd Olalla, WA 98359

Estimated Value: $393,486

8 Acres
$52,395 Price per Acre
327,136 Sq Ft Lot

Last Sold February 05, 2024

Last sale price $372,500

Est. 6% increase in value since last sale

Current estimated payment $2,339/month

87 Days on Market

Highlights

  • Secluded Lot
  • No HOA
  • Level Lot

About This Lot

As of February 2024

Once in a lifetime opportunity to own 7.5 acres of paradise only minutes from downtown Gig Harbor! Ready and waiting for your dream home - the road is in, the well is installed, and a 5 bedroom septic design is approved and ready to go.High and dry - no wetlands, no critical areas, no restrictions! Your private estate awaits on this serene acreage, only minutes from Gig Harbor’s famous walkable waterfront, shops, restaurants, parks and so much more! Don’t miss this opportunity to build your own estate on this gorgeous property in the perfect location!

Last Agent to Sell the Property

Brandon Adams

Better Properties Gig Harbor License #106416 Listed on: 10/13/2023

Better Properties Gig Harbor

Last Buyer's Agent

Cynthia Marchand

Windermere Prof Partners License #127419

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2171051

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,915

Lot Details

  • 7.51 Acre Lot
  • Lot Dimensions are 328' x 995'
  • Secluded Lot
  • Level Lot
  • Zoning described as RR

Utilities

  • Well
  • Drilled Well
  • Septic Design Applied
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Olalla Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08220220122002

Property Details

Property Type

Land

Est. Annual Taxes

$1,915

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Comm. Grade Timber,Corners Flagged,Evergreens,Heavily Forested,Partially Cleared
  • Restrictions: No Restrictions
  • Improvements: Cable TV Available,Fenced-Partially
  • Survey: Kitsap County Auditor
  • Special Features: None
  • Cumulative Days on Market: 623

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Paved, Secluded
  • Road Surface Type: Gravel, Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Access Easement,County Maintained,Gravel,Paved
  • RoadOnWhichSide: North

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, Drilled Well, On Property, Private Well
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available, Septic Design Applied
  • ElectricityStatus: In Street
  • GasStatus: Not Available
  • SepticDesignApplied: true
  • SepticDesignInstalled: false
  • SepticSystemType: Pressure Distribution

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 08220220122002
  • Topography: Level,Rolling
  • Lot Size Acres: 7.51
  • Lot Size: 328' x 995'
  • Lot Size Sq Ft: 327136
  • Zoning Description: RR
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Kitsap County
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • SoilFeasibilityTest: true
  • SoilTestDate: 12/01/2020

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1915

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Jan 23, 2024
Sold by
Guiberson Steve and Guiberson Darlene
Bought by
Brian Thomason Family Trust and Thomason
Seller's Agent
Brandon Adams
Better Properties Gig Harbor
Buyer's Agent
Cynthia Marchand
Windermere Prof Partners
List Price
$399,000
Sold Price
$372,500
Premium/Discount to List
-$26,500
-6.64%
Views
121
Current Estimated Value
$393,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,986
Avg. Annual Appreciation
2.66%
Original Mortgage
$279,375
Outstanding Balance
$265,402
Interest Rate
5.93%
Mortgage Type
New Conventional
Estimated Equity
$122,047

Purchase Details

Listed on
Feb 10, 2021
Closed on
Feb 22, 2021
Sold by
Advantage Construction Llc
Bought by
Guiberson Steve and Guiberson Darlene
Seller's Agent
Brandon Adams
Better Properties Gig Harbor
Buyer's Agent
Brandon Adams
Better Properties Gig Harbor
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%

Purchase Details

Closed on
Oct 14, 2020
Sold by
Quinn C James C and Quinn Carolyn R
Bought by
Advantage Construction Llc
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
Brian Thomason Family Trust $372,500 Land Title
Guiberson Steve $299,000 Land Ttl Co Silverdale Submi
Advantage Construction Llc $145,000 Land Ttl Co Silverdale Submi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brian Thomason Family Trust $279,375
Previous Owner Quinn C James $313,800
Previous Owner Quinn C James $302,000
Previous Owner Quinn James $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $372,500 -6.6% --
01/08/2024 01/08/24 Pending -- -- --
11/03/2023 11/03/23 For Sale $399,000 0.0% --
10/22/2023 10/22/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $399,000 +33.4% --
03/15/2021 03/15/21 Sold $299,000 0.0% --
02/10/2021 02/10/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $299,000 -- --
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
2025 $1,989 $234,120 $234,120 --
2024 $1,929 $234,120 $234,120 --
2023 $1,917 $234,120 $234,120 $0
2022 $1,484 $151,710 $151,710 $0
2021 $1,403 $135,460 $135,460 $0
2020 $1,388 $130,130 $130,130 $0
2019 $1,190 $122,730 $122,730 $0
2018 $1,286 $111,090 $111,090 $0
2017 $1,189 $111,090 $111,090 $0
2016 $1,239 $105,800 $105,800 $0
2015 $1,223 $105,800 $105,800 $0
2014 -- $104,770 $104,770 $0
2013 -- $104,770 $104,770 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2171051

Northwest Multiple Listing Service (NWMLS)

APN: 082202-2-012-2002