Listed by Abbey Realty Inc, Bought with Icon Group
NOT LISTED FOR SALE

5505 Octave Ct SE Olympia, WA 98513

Estimated Value: $940,000 - $1,378,363

57.45 Acres
$19,040 Price per Acre
2,502,522 Sq Ft Lot

Last Sold April 30, 2020

Last sale price $361,000

Est. 203% increase in value since last sale

Current estimated payment $6,671/month

143 Days on Market

About This Lot

As of April 2020

Build your estate, old manufactured home is being removed, leaving a nice building site. For estate type access, 2nd parcel give access off Steadman RD. lose yourself in the beautiful acreage. Plenty of pasture land too. Property may be subdivided as well, as many as 6-10 large lots, depending on the county requirements for water rights. Property borders the Chehalis western trail along the western line. Well is in, 4 br septic is in, just need you!

Last Agent to Sell the Property

Laura Lundin

Abbey Realty Inc License #24684 Listed on: 07/03/2019

Last Buyer's Agent

Alan MacLurg

Icon Group License #130682

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1485370

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,461

Lot Details

Utilities

  • Well
  • Sewer Not Available

Additional Features

  • Territorial Views
  • Level Lot

Community Details

  • Offut Lake Community

Listing and Financial Details

  • Assessor Parcel Number 11728430100

Property Details

Property Type

Land

Est. Annual Taxes

$10,461

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 41 - Res-Over 1 Acre
  • Restrictions: CCAndR, Manufactured Homes OK
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Approved Number of Bedrooms: 4

Exterior Features

  • Road Information: Gravel, Recorded Maint. Agrm
  • View: Territorial

Utilities

  • Electricity: On Property
  • Gas Available: Not Available
  • Septic Approved for Number of Bedrooms: 4
  • Septic System Installed: Y
  • Sewer: Not Available
  • Water: Private Well

Condo/Co-op/Association

  • Community Name: Offut Lake

Schools

  • School District: TEN

Lot Info

  • General Zoning Classification: Residential
  • Lot Sq Ft: 2502522
  • Parcel Number: 11728430100
  • Topography: Level
  • Zoning Jurisdiction: County
  • Zoning Remarks: RRR1/5

Tax Info

  • Tax Amount: 2389

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Apr 30, 2020
Sold by
Wines Paul and Wines Patty
Bought by
Maclurg David and Maclurg Kimberly
Seller's Agent
Laura Lundin
Abbey Realty Inc
Buyer's Agent
Alan MacLurg
Icon Group
List Price
$450,000
Sold Price
$361,000
Premium/Discount to List
-$89,000
-19.78%
Current Estimated Value
$1,093,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$732,841
Avg. Annual Appreciation
22.65%
Original Mortgage
$666,000
Outstanding Balance
$593,450
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$500,391

Purchase Details

Closed on
Apr 10, 2009
Sold by
Wines Ronald and Wines Edna
Bought by
Wines Paul and Wines Patty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 1998
Sold by
Andersen Steve L and Andersen Diane F
Bought by
Wines Paul and Wines Patty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8%

Purchase Details

Closed on
Oct 20, 1998
Sold by
Andersen Steve L and Andersen Diane F
Bought by
Wines Paul and Wines Patty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Grudzinski David F and Grudzinski Margo P
Bought by
Andersen Steve L and Andersen Diane F
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Maclurg David $361,000 Chicago Title
Wines Paul -- Stewart Title Of Western Was
Wines Paul $225,000 Thurston County Title Co
Wines Paul -- Stewart Title
Andersen Steve L -- Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maclurg David $666,000
Previous Owner Wines Paul $210,000
Previous Owner Wines Paul $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Sold $361,000 -19.8% --
11/23/2019 11/23/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $450,000 -- --
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 $10,461 $1,129,500 $444,700 $684,800
2023 $10,461 $1,132,000 $469,600 $662,400
2022 $9,880 $1,196,600 $357,800 $838,800
2021 $2,645 $1,029,000 $403,300 $625,700
2020 $3,609 $219,200 $211,400 $7,800
2019 $2,389 $303,600 $295,000 $8,600
2018 $2,294 $170,200 $166,800 $3,400
2017 $2,130 $161,500 $158,200 $3,300
2016 $2,239 $203,900 $201,300 $2,600
2014 -- $186,400 $184,000 $2,400
Source: Public Records

Agents Affiliated with this Home

  • Laura Lundin

    Seller's Agent in 2020

    Laura Lundin

    Abbey Realty Inc

    (360) 790-7015

    123 Total Sales

    Laura Lundin
    Section Image
  • Alan MacLurg

    Buyer's Agent in 2020

    Alan MacLurg

    Icon Group

    (206) 963-0446

    54 Total Sales

    Alan MacLurg
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1485370

Northwest Multiple Listing Service (NWMLS)

APN: 11728430100

Washington Thurston County Olympia 98513

5505 Octave Ct SE, Olympia, WA

This home is located at 5505 Octave Ct SE, Olympia, WA 98513 since 03 July 2019 and is currently estimated at $1,093,841. 5505 Octave Ct SE is a home located in Thurston County with nearby schools including Parkside Elementary School, Tenino Elementary School, and Tenino Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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