Listed by Virgil Adams Real Estate, Inc., Bought with NextHome Northwest Group
NOT LISTED FOR SALE

5040 Meridian Rd NE Olympia, WA 98516

Estimated Value: $772,000 - $1,192,942

2 Beds
1 Bath
2,100 Sq Ft
$511/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $565,000 $269 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,494/month

48 Days on Market

Highlights

  • Low Bank Waterfront Property
  • RV Access or Parking
  • Secluded Lot
  • Views of a Sound
  • Deck
  • Wood Flooring

About This Home

As of January 2017

Enjoy sunrises & sunsets from this fabulous waterfront setting w/ spectacular views of Nisqually Reach, Mt. Rainier, & the Olympics! Low bank EZ access to pebbly beach with bulkhead & boat launch. Extra deep 3-car garage w/ RV-boat parking. Stunning mature grounds w/ pond and blueberries. Large wrap-around deck. Superbly comfortable & warm home boasts single-story living w/ lots of hardwood & tile floors. Walls of view windows & vaults! Finished overflow space in basement is perfect for guests!

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 10/03/2016

Co-Listed By

Sue Sandberg

Virgil Adams Real Estate, Inc. License #6340

Last Buyer's Agent

Cari Schwisow

NextHome Northwest Group License #108506

NextHome Northwest Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1033410

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,236

Year Built

  • Built in 1986

Lot Details

  • Low Bank Waterfront Property
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Garden

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Garage
  • RV Access or Parking

Outdoor Features

  • Bulkhead
  • Deck

Utilities

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

Community Details

  • Meridian Community

Listing and Financial Details

  • Assessor Parcel Number 21930321100

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,236

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Range/Oven, Refrigerator
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2100
  • Square Footage Finished: 2100

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Mountain, Sound
  • Waterfront: Bank-Low, Bulkhead, Saltwater, Sound
  • Waterfront Frontage: 100' Nisqually Reach

Garage/Parking

  • Parking Type: Garage-Attached, Garage-Detached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, Stove/Free Standing
  • Power Company: Puget Sound Energy
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Individual well
  • Water Heater: Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Meridian

Schools

  • Elementary School: Olympic View Elem
  • Middle School: Chinook Mid
  • High School: North Thurston High
  • School District: NTN

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Sq Ft: 45302
  • Lot Topography Vegetation: Garden Space, Level, Sloped, Terraces
  • Parcel Number: 21930321100
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Level, Sloped, Terraces

Tax Info

  • Tax Amount: 5471

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2016
Closed on
Jan 3, 2017
Sold by
Anderson Charleen E L
Bought by
Williams James and Williams Kimberly D
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Cari Schwisow
NextHome Northwest Group
List Price
$590,000
Sold Price
$565,000
Premium/Discount to List
-$25,000
-4.24%
Current Estimated Value
$1,072,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,486
Avg. Annual Appreciation
7.55%
Original Mortgage
$423,500
Outstanding Balance
$348,102
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$724,384
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
Williams James $564,719 Stewart Title Western Wa Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams James $423,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $565,000 -4.2% $269 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
10/12/2016 10/12/16 For Sale $590,000 0.0% $281 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $590,000 -- $281 / 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 $10,236 $1,143,000 $734,000 $409,000
2023 $10,236 $1,043,500 $603,900 $439,600
2022 $9,072 $898,800 $435,400 $463,400
2021 $8,387 $756,800 $436,000 $320,800
2020 $7,794 $651,600 $404,100 $247,500
2019 $6,414 $622,600 $417,800 $204,800
2018 $7,414 $528,600 $328,000 $200,600
2017 $5,521 $406,100 $175,800 $230,300
2016 $4,946 $405,950 $203,750 $202,200
2014 -- $355,700 $199,300 $156,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1033410

Northwest Multiple Listing Service (NWMLS)

APN: 21930321100