NOT LISTED FOR SALE

5045 Ashram Ln NW Olympia, WA 98502

Estimated Value: $774,000 - $868,000

3 Beds
1 Bath
3,272 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $725,000 $222 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,074/month

90 Days on Market

Highlights

  • RV Access or Parking
  • Wooded Lot
  • 2 Fireplaces
  • Secluded Lot
  • Territorial View
  • Attached Garage

About This Home

As of December 2021

TRANQUIL & Private perfectly describes this 5.89 acres. This meticulously maintained 1 owner well built custom home boasts 3,200+ square feet, a 2 car large attached garage plus a nearly 700 sq ft detached shop plus room for RV parking. Your private forest (marketable timber), mature landscaping, & a sprinkler system. Numerous windows & skylights provide plenty of daylight. A former dark room that has plumbing & the potential to be made into a second kitchen (think separate living quarters) on the main level. 5 piece master bath with jetted tub. 2 wood stoves. Lots of storage on each level! This home has endless possibilities. It is a must see. The location is prime, only 15 minutes from West Olympia.

Last Agent to Sell the Property

Robyn Jensen

Blue Summit Realty LLC License #49336 Listed on: 07/29/2021

Last Buyer's Agent

Erin Cawley

Van Dorm Realty, Inc License #113381

Van Dorm Realty, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1815273

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,744

Year Built

  • Built in 1983

Lot Details

  • Secluded Lot
  • Wooded Lot
  • Property is zoned 11

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Territorial Views
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

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

Community Details

  • Oyster Bay Community

Listing and Financial Details

  • Assessor Parcel Number 13927321401

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,744

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Effective Year Built: 1992
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Features: Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Jetted Tub
  • Floor Covering: Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Refrigerator, K
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.75
  • Bathrooms Main: Main
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Den or Office: Upper
  • Dining Room: Upper
  • Family Room: Main
  • Kitchen: Upper
  • Living Room: Upper
  • Recreation Room: Main
  • Estimated Sq Ft: 3272
  • Square Footage Finished: 3272
  • Total Square Footage: 3272

Exterior Features

  • Exterior: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Central A/C, Heat Pump
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Private Well
  • Water Heater: Upstairs storage off walk in closet
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Oyster Bay

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: GRF
  • Junior High: Buyer To Verify

Lot Info

  • Lot Details: Paved Street, Secluded
  • Lot Sq Ft: 256568
  • Lot Topography Vegetation: Wooded
  • Parcel Number: 13927321401
  • Zoning Code: 11
  • Zoning Jurisdiction: County
  • Lot Topography: Wooded

Tax Info

  • Year: 2021
  • Tax Amount: 5115

MLS Schools

  • Elementary School: Buyer To Verify
  • Senior High: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Dec 2, 2021
Sold by
Hirzel Ellwood J and Hirzel Ellwood J
Bought by
Zheng Lu
Seller's Agent
Robyn Jensen
Blue Summit Realty LLC
Buyer's Agent
Erin Cawley
Van Dorm Realty, Inc
List Price
$868,000
Sold Price
$725,000
Premium/Discount to List
-$143,000
-16.47%
Total Days on Market
90
Current Estimated Value
$821,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,578
Avg. Annual Appreciation
3.58%
Original Mortgage
$580,000
Outstanding Balance
$542,006
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$278,597

Purchase Details

Closed on
Jun 21, 2006
Sold by
Hirzel Ellwood J and Hirzel Shirley M
Bought by
Hirzel Ellwood J and Hirzel Shirley M
Source: Public Records

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Range of Values:

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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
Zheng Lu $725,000 Thurston County Title Co
Hirzel Ellwood J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Lu $153,000
Open Zheng Lu $580,000
Closed Zheng Lu $72,427
Previous Owner Hirzel Ellwood J $75,000
Previous Owner Hirzel Ellwood J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $725,000 -3.2% $222 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
09/21/2021 09/21/21 Price Changed $749,000 -9.5% $229 / Sq Ft
08/29/2021 08/29/21 Price Changed $828,000 -4.6% $253 / Sq Ft
07/29/2021 07/29/21 For Sale $868,000 -- $265 / 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 $5,744 $739,600 $238,000 $501,600
2023 $5,744 $751,700 $253,700 $498,000
2022 $5,700 $718,600 $205,100 $513,500
2021 $5,115 $630,400 $186,200 $444,200
2020 $5,573 $544,000 $150,100 $393,900
2019 $4,755 $516,300 $128,000 $388,300
2018 $5,117 $428,800 $65,800 $363,000
2017 $4,361 $372,250 $63,650 $308,600
2016 $3,143 $277,300 $61,700 $215,600
2014 -- $262,750 $64,950 $197,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1815273

Northwest Multiple Listing Service (NWMLS)

APN: 13927321401