Listed by Theory Real Estate, Bought with Beyond Real Estate
NOT LISTED FOR SALE

507 Emerald Ln SE Rainier, WA 98576

Estimated Value: $479,247 - $532,000

3 Beds
2.5 Baths
1,602 Sq Ft
$311/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $450,000 $281 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,942/month

3 Days on Market

Highlights

  • Territorial View
  • 2 Car Attached Garage
  • Patio
  • Cul-De-Sac
  • Storm Windows
  • High Speed Internet

About This Home

As of March 2022

Beautifully maintained home in a quiet cul de sac neighborhood. Only minutes to Yelm and Olympia, this home offers the perfect floor plan that features a spacious living room and dining area that connects to a large kitchen with plenty of counter top space. The kitchen has a good sized eating bar for those quick breakfasts and a corner sink with dual windows to enjoy the natural outside lighting to the front yard. This home sits on a .34 acre lot with rv parking space in the front. Look no further this home is ready for you!

Last Agent to Sell the Property

Geomara Nicolo

Theory Real Estate License #137554 Listed on: 01/20/2022

Last Buyer's Agent

Erika Stancil

Beyond Real Estate License #126041

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1879803

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,499

Year Built

  • Built in 2011

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot
  • Property is in very good condition

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,602 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Rainier Primary Sch Elementary School
  • Rainier Mid Middle School
  • Rainier Snr High School

Utilities

  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Rainier Subdivision

Listing and Financial Details

  • Assessor Parcel Number 80530005300

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,499

Year Built

Built in 2011

Lot Details

0

HOA Fees

$45 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2011
  • Inclusions: Dishwasher,Dryer,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1602
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, High Tech Cabling, Water Heater
  • Living Area: 1602
  • BathsFullMain: 0
  • SquareFootageFinished: 1602
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Septic System, Natural Gas Connected
  • HeatingCoolingType: Forced Air
  • PowerCompany: PACIFIC GAS AND ELECTRIC
  • WaterCompany: CITY OF RAINIER
  • WaterHeaterLocation: closet
  • WaterHeaterType: gas

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 45
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Rainier
  • High School: Rainier Snr High
  • Middle Or Junior School: Rainier Mid

Lot Info

  • Parcel Number: 80530005300
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.3464
  • Lot Size Sq Ft: 15090
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2499
  • AdditionalTaxIds: 80530005300

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Rainier Primary Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Feb 22, 2022
Sold by
Magistrado Michael D
Bought by
Johnson James and Johnson Natasha
Seller's Agent
Geomara Nicolo
Theory Real Estate
Buyer's Agent
Erika Stancil
Beyond Real Estate
List Price
$430,000
Sold Price
$450,000
Premium/Discount to List
$20,000
4.65%
Current Estimated Value
$498,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,562
Avg. Annual Appreciation
2.72%
Original Mortgage
$441,849
Outstanding Balance
$410,980
Interest Rate
3.69%
Mortgage Type
FHA
Estimated Equity
$87,582

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 24, 2018
Sold by
Grimshaw Aeseley and Grimshaw Jennifer
Bought by
Magistrado Michael D
Seller's Agent
Anna Lisa Schorn
Van Dorm Realty, Inc
Buyer's Agent
Jake Bourne
Coldwell Banker Evergreen
List Price
$265,000
Sold Price
$266,500
Premium/Discount to List
$1,500
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.62%
Original Mortgage
$272,229
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
Sep 13, 2011
Sold by
Rainier General Development Inc
Bought by
Grimshaw Wesley and Grimshaw Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,166
Interest Rate
4.37%
Mortgage Type
VA

Purchase Details

Closed on
Oct 27, 2010
Sold by
Avalanche Construction Llc
Bought by
Rainier General Development Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson James $450,000 Wfg National Title Company Of
Magistrado Michael D $228,789 First American Title Ins Co
Grimshaw Wesley $189,900 First American Title
Rainier General Development Inc $34,326 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson James $441,849
Previous Owner Magistrado Michael D $272,229
Previous Owner Grimshaw Wesley $196,166
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2022 03/04/22 Sold $450,000 +4.7% $281 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $430,000 +61.4% $268 / Sq Ft
07/25/2018 07/25/18 Sold $266,500 +0.6% $166 / Sq Ft View Prior Sale
06/24/2018 06/24/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $265,000 -- $165 / 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 $3,424 $384,300 $106,900 $277,400
2023 $3,424 $362,900 $99,000 $263,900
2022 $2,984 $345,400 $60,000 $285,400
2021 $2,500 $287,200 $51,100 $236,100
2020 $2,578 $236,800 $48,000 $188,800
2019 $2,288 $221,400 $41,200 $180,200
2018 $2,597 $204,100 $39,000 $165,100
2017 $2,244 $182,600 $25,100 $157,500
2016 $2,136 $177,350 $37,250 $140,100
2014 -- $160,150 $36,550 $123,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1879803

Northwest Multiple Listing Service (NWMLS)

APN: 80530005300