NOT LISTED FOR SALE

5111 Meridian Rd NE Olympia, WA 98516

Estimated Value: $995,000 - $1,279,000

4 Beds
3 Baths
3,831 Sq Ft
$314/Sq Ft Est. Value

Last Sold August 05, 2016

Last sale price $522,000 $136 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $7,278/month

62 Days on Market

Highlights

  • Views of a Sound
  • Wooded Lot
  • Tudor Architecture
  • Secluded Lot
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of August 2016

Enjoy spectacular views from this spacious, stately waterfront home with 175' of waterfront. Watch sunsets over the Olympics, kayak to Nisqually Wildlife Refuge, collect oysters & clams from your beach. This home boasts 6 BR (4 BR septic), 2.5 BA as well as a formal living/dining, kitchen w/ breakfast nook, family room. Kitchen & baths updated with Silestone & new fixtures. Downstairs has a den/office/bedroom w/ sliding doors to outside. Secluded & private setting on 3 acres. 7 minutes to I-5.

Last Agent to Sell the Property

Katharine Crofts

Keller Williams South Sound License #95949 Listed on: 04/29/2016

Keller Williams South Sound

Co-Listed By

Laurie Rhyan

Keller Williams South Sound License #96411

Last Buyer's Agent

Katharine Crofts

Keller Williams South Sound License #95949 Listed on: 04/29/2016

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM929740

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,443

Year Built

  • Built in 1979

Lot Details

  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Secluded Lot
  • Sloped Lot
  • Wooded Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Tudor Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Outdoor Features

  • Outbuilding

Utilities

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

Community Details

  • Meridian Community

Listing and Financial Details

  • Assessor Parcel Number 11925140103

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,443

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Tudor
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Security System, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 4
  • Bedrooms: 4.00
  • Lower Level Bedroom: 1
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3831
  • Square Footage Finished: 3831

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Mountain, Sound
  • Waterfront: Bank-Medium, Saltwater, Sound
  • Waterfront Frontage: 175

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, Radiant
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 4
  • Sewer: Septic
  • Water Heater: Garage-Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Meridian

Schools

  • School District: NTN

Lot Info

  • Lot Details: Dead End Street, Secluded
  • Lot Sq Ft: 134165
  • Lot Topography Vegetation: Garden Space, Partial Slope, Wooded
  • Parcel Number: 11925140103
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Partial Slope, Wooded

Tax Info

  • Tax Amount: 9093

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2016
Closed on
Aug 2, 2016
Sold by
Motz David J
Bought by
Searls Teresa Lynne Maxie and Searls Donald Mayfield
Seller's Agent
Katharine Crofts
Keller Williams South Sound
Buyer's Agent
Katharine Crofts
Keller Williams South Sound
List Price
$549,900
Sold Price
$522,000
Premium/Discount to List
-$27,900
-5.07%
Current Estimated Value
$1,202,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$680,243
Avg. Annual Appreciation
9.45%

Purchase Details

Closed on
May 27, 2015
Sold by
Motz Lynanne
Bought by
Motz David

Purchase Details

Closed on
Feb 7, 2003
Sold by
Jones Richie Lee
Bought by
Motz David J and Motz Lynanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.76%
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
Searls Teresa Lynne Maxie $521,719 Chicago Title Company
Motz David -- None Available
Motz David J $420,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Motz David J $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2016 08/05/16 Sold $522,000 -5.1% $136 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/25/2016 06/25/16 For Sale $549,900 0.0% $144 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
05/25/2016 05/25/16 Price Changed $549,900 -3.5% $144 / Sq Ft
05/24/2016 05/24/16 For Sale $569,900 0.0% $149 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $569,900 -- $149 / 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 $11,443 $1,252,000 $455,300 $796,700
2023 $11,443 $1,167,300 $381,000 $786,300
2022 $11,393 $1,207,300 $332,300 $875,000
2021 $9,662 $954,100 $339,700 $614,400
2020 $8,788 $752,200 $290,300 $461,900
2019 $8,867 $703,100 $317,000 $386,100
2018 $10,083 $724,100 $335,400 $388,700
2017 $9,198 $687,700 $227,900 $459,800
2016 $7,910 $685,500 $254,800 $430,700
2014 -- $577,950 $249,250 $328,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM929740

Northwest Multiple Listing Service (NWMLS)

APN: 11925140103