NOT LISTED FOR SALE

5030 Palermo Rosa Ln SW Olympia, WA 98512

Estimated Value: $638,000 - $796,000

3 Beds
2 Baths
3,168 Sq Ft
$225/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $540,000 $170 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,381/month

53 Days on Market

Highlights

  • Spa
  • Deck
  • Bamboo Flooring
  • RV Access or Parking
  • Territorial View
  • Detached Garage

About This Home

As of January 2021

Huge Price Reduction! Check out this absolutely amazing one of a kind home. Built with energy efficiency in mind, this unique home utilized ICF block construction which gives it R-40 wall insulation and R-30 in the ceiling. The versatile floor plan features Master and second bedroom on main floor, great room w/ outstanding views, a lower level complete with full bath, and 3 bedroom & a huge family room w/ patio to the back yard. You will love the oversized shop w/ space for 6 plus cars, wired for 220. Spectacular home!

Last Agent to Sell the Property

Robert McFadden

RE/MAX Advantage License #51108 Listed on: 10/09/2020

RE/MAX Advantage

Last Buyer's Agent

Lia Huang

Globenex Realty License #124423

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1669586

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,976

Year Built

  • Built in 2003

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot
  • Garden

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

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

Additional Features

  • Territorial Views
  • Natural lighting in basement
  • Pasture

Community Details

  • Olympia Community

Listing and Financial Details

  • Assessor Parcel Number 12730230301

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,976

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Jetted Tub, Vaulted Ceilings
  • Floor Covering: Bamboo/Cork, Laminate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 2.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3168
  • Square Footage Finished: 3168

Exterior Features

  • Construction Methods: Insulated Concrete Form
  • Exterior: Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 9

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Well
  • Water Heater: 1 Up / 1 Down (Total 2)-Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Olympia

Schools

  • Elementary School: Littlerock Elem
  • Middle School: George Wash Bush Mid
  • High School: Tumwater High
  • School District: TUM

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 108464
  • Lot Topography Vegetation: Garden Space, Level, Pasture
  • Parcel Number: 12730230301
  • Lot Topography: Garden Space, Level, Pasture

Tax Info

  • Tax Amount: 4961

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jan 12, 2021
Sold by
Zeng Yu Xing
Bought by
Mai Wenwen
Seller's Agent
Robert McFadden
RE/MAX Advantage
Buyer's Agent
Lia Huang
Globenex Realty
List Price
$650,000
Sold Price
$540,000
Premium/Discount to List
-$110,000
-16.92%
Current Estimated Value
$714,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,061
Avg. Annual Appreciation
7.36%
Original Mortgage
$432,000
Outstanding Balance
$387,323
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$363,416

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jan 6, 2021
Sold by
Berge Michael Ricahrd and Berge Joy
Bought by
Mai Wenwen
Seller's Agent
Robert McFadden
RE/MAX Advantage
Buyer's Agent
Lia Huang
Globenex Realty
List Price
$650,000
Sold Price
$540,000
Premium/Discount to List
-$110,000
-16.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Outstanding Balance
$387,323
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$363,416
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
Mai Wenwen -- Thurston County Title Co
Mai Wenwen $540,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mai Wenwen $432,000
Previous Owner Pratt Daniel J $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $540,000 -1.8% $170 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $550,000 -15.4% $174 / Sq Ft
10/09/2020 10/09/20 For Sale $650,000 -- $205 / 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 $5,976 $626,000 $196,300 $429,700
2023 $5,976 $572,800 $216,300 $356,500
2022 $5,378 $508,700 $133,500 $375,200
2021 $4,954 $430,800 $127,500 $303,300
2020 $4,961 $357,300 $126,800 $230,500
2019 $4,329 $345,400 $108,700 $236,700
2018 $4,297 $308,100 $75,700 $232,400
2017 $4,352 $301,550 $86,550 $215,000
2016 $3,856 $279,700 $74,000 $205,700
2014 -- $266,600 $74,000 $192,600
Source: Public Records

Agents Affiliated with this Home

  • Robert McFadden

    Seller's Agent in 2021

    Robert McFadden

    RE/MAX

    (360) 556-6050

    108 Total Sales

    Robert McFadden
    Section Image
  • Lia Huang

    Buyer's Agent in 2021

    Lia Huang

    Globenex Realty

    (206) 818-9227

    151 Total Sales

    Lia Huang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1669586

Northwest Multiple Listing Service (NWMLS)

APN: 12730230301

Washington Thurston County Olympia 98512

5030 Palermo Rosa Ln SW, Olympia, WA

This home is located at 5030 Palermo Rosa Ln SW, Olympia, WA 98512 since 09 October 2020 and is currently estimated at $714,061, approximately $225 per square foot. This property was built in 2003. 5030 Palermo Rosa Ln SW is a home located in Thurston County with nearby schools including Littlerock Elementary School, George Washington Bush Middle School, and Tumwater 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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