NOT LISTED FOR SALE

510 Olmstead Ln SW Olympia, WA 98512

Estimated Value: $1,127,000 - $1,349,000

3 Beds
1 Bath
3,332 Sq Ft
$365/Sq Ft Est. Value

Last Sold September 27, 2017

Last sale price $700,000 $210 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $7,534/month

38 Days on Market

Highlights

  • RV Access or Parking
  • Fruit Trees
  • Deck
  • Thurgood Marshall Middle School Rated A-
  • Mountain View
  • Contemporary Architecture

About This Home

As of September 2017

Tour this “Piece of Paradise”. Located next to Capitol Forest & Perry Creek frontage, view sunrises of Mt Rainier & cascading Perry Creek Waterfall from this private hilltop oasis which features an owner built custom home w/attention to craftsmanship & sustainable materials like reclaimed maple hardwood floors & recycled porcelain tile in kitchen to name a few. Detached shop/garage w/room for RV & finished space above. Garden spaces, water features, & expansive decking for outdoor entertaining.

Last Agent to Sell the Property

Jim Greene

Olympic Sotheby's Int'l Realty License #23709 Listed on: 06/30/2017

Last Buyer's Agent

Kristin Niebergall

Engel & Voelkers Chambers Bay License #92708

Engel & Voelkers Chambers Bay

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1152128

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,987

Year Built

  • Built in 1992

Lot Details

  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot
  • Garden

Property Views

  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Propane
  • Septic System

Community Details

  • Olympia Community

Listing and Financial Details

  • Assessor Parcel Number 13814131600

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,987

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Bamboo/Cork, Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Family Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3332
  • Square Footage Finished: 3332

Exterior Features

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

Garage/Parking

  • Parking Type: Garage-Attached, Garage-Detached
  • Total Covered Parking: 5

Utilities

  • Heating And Cooling: Forced Air, Stove/Free Standing, Wall, Hot Water Recirc Pump
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Community Well
  • Water Heater: Garage-Electric
  • Water Source: Community

Condo/Co-op/Association

  • Community Name: Olympia

Schools

  • Elementary School: Mclane Elem
  • Middle School: Thurgood Marshall Mi
  • High School: Capital High
  • School District: OLY

Lot Info

  • Lot Details: Dead End Street, Secluded
  • Lot Sq Ft: 262231
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Sloped, Wooded
  • Parcel Number: 13814131600
  • Zoning Jurisdiction: County
  • Lot Topography: Fruit Trees, Garden Space, Level, Sloped, Wooded

Tax Info

  • Tax Amount: 6637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
Lipp Brian H and Lipp Kristi L
Bought by
Lipp Brian H and Lipp Kristi L
Current Estimated Value
$1,214,646

Purchase Details

Listed on
Jun 30, 2017
Closed on
Sep 18, 2017
Sold by
Sorensen David E and Sorensen Paige M
Bought by
Lipp Brian H and Covey Kristi L
Seller's Agent
Jim Greene
Olympic Sotheby's Int'l Realty
Buyer's Agent
Kristin Niebergall
Engel & Voelkers Chambers Bay
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$300,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 1998
Sold by
Lattimore Charlotte
Bought by
Hickman Angelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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
Lipp Brian H -- --
Lipp Brian H $699,719 Thurston County Title
Hickman Angelle $80,500 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lipp Brian E $289,700
Previous Owner Lipp Brian H $300,000
Previous Owner Sorensen David E $295,000
Previous Owner Sorensen David E $98,715
Previous Owner Sorensen David E $252,000
Previous Owner Hickman Angelle $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold $700,000 +0.1% $210 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $699,000 -- $210 / 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 $10,987 $1,142,800 $264,000 $878,800
2023 $10,987 $985,300 $221,100 $764,200
2022 $9,324 $1,009,800 $188,700 $821,100
2021 $8,357 $743,200 $162,100 $581,100
2020 $8,139 $609,800 $172,000 $437,800
2019 $7,684 $580,800 $187,200 $393,600
2018 $7,507 $548,300 $169,600 $378,700
2017 $6,637 $500,600 $131,600 $369,000
2016 $5,801 $432,500 $131,800 $300,700
2014 -- $429,950 $106,350 $323,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1152128

Northwest Multiple Listing Service (NWMLS)

APN: 13814131600