Listed by Abbey Realty Inc, Bought with RE/MAX Parkside Affiliates
NOT LISTED FOR SALE

5513 Cheri Estates Dr SE Olympia, WA 98501

Estimated Value: $868,000 - $977,000

4 Beds
3.5 Baths
2,984 Sq Ft
$317/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $951,000 $319 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,961/month

4 Days on Market

Highlights

  • Waterfront Community
  • Spa
  • Property is near public transit
  • Centennial Elementary School Rated A
  • Deck
  • Territorial View

About This Home

As of January 2022

Impeccable & Rare Cheri Estates 4BR+Bonus above Deschutes Valley backs to 17ac greenspace. Floating deck & hot tub overlooks breathtaking sunsets & river trail access. Big covered porch opens to dramatic 2-story foyer with custom steel railings. LVP flows past Craftsman columns & built-ins showing attention to detail with inviting, open floor plan in dove & white palette. Quartz-island seating in gas cooking kitchen & BBQ on covered patio. Main floor primary suite with sliding spa doors on 5pc bath PLUS upstairs, find huge bonus room and 2nd en suite bedroom with ¾ bath. Walk-in closets in all beds! Fun pet/play nook under stairs. A/C, wired for generator. Stroll to historic grange Starbucks, Briggs YMCA, Pioneer Park. Olympia Schools too!

Last Agent to Sell the Property

Jami Downing

Abbey Realty Inc License #49938 Listed on: 01/12/2022

Last Buyer's Agent

Dan Sweeney

RE/MAX Parkside Affiliates License #29797

RE/MAX Parkside Affiliates

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1873980

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,206

Year Built

  • Built in 2016

Lot Details

  • 9,663 Sq Ft Lot
  • Lot Dimensions are 57x9x119x99x108
  • Street terminates at a dead end
  • North Facing Home
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Property is in very good condition
  • Zoning described as R 4-6

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,984 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Dining Room
  • Loft
  • Territorial Views
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Outbuilding

Location

  • Property is near public transit

Schools

  • Centennial Elementary School
  • Wash Mid Middle School
  • Olympia High School

Utilities

  • Central Air
  • Generator Hookup
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 40610000500

Community Details

Overview

  • Michael Harbour Association
  • East Olympia Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Waterfront Community
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,206

Year Built

Built in 2016

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2016
  • Inclusions: Dishwasher,DoubleOven,GarbageDisposal,Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cheri Estates
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2984
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,293

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Microwave, Refrigerator, Stove/Range
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Central A/C, Forced Air, Ceramic Tile, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Loft, Walk-In Pantry, Wired for Generator, Water Heater
  • Living Area: 2984
  • Main Level Bedrooms: 1
  • Bathrooms: 3.25
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 2984
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Double Oven,Garbage Disposal,Microwave,Refrigerator,Stove/Range

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true

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: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
  • HeatingCoolingType: Central A/C,Forced Air
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Olympia
  • WaterCompany: City of Olympia
  • WaterHeaterLocation: garage
  • WaterHeaterType: gas
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Community Features: CCRs, Community Waterfront/Pvt Beach, Trail(s)
  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Association: Yes
  • AssociationContactName: Michael Harbour

Schools

  • Junior High Dist: Olympia
  • High School: Olympia High
  • Middle Or Junior School: Wash Mid

Lot Info

  • Parcel Number: 40610000500
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.2218
  • Lot Size: 57x9x119x99x108
  • Lot Size Sq Ft: 9663
  • Zoning Description: R 4-6
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • LotNumber: 5

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7206

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Centennial Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Jan 28, 2022
Sold by
Matthews Richard T and Matthews Jennifer E
Bought by
Engholm Troels and Engholm Carina
Seller's Agent
Jami Downing
Abbey Realty Inc
Buyer's Agent
Dan Sweeney
RE/MAX Parkside Affiliates
List Price
$850,000
Sold Price
$951,000
Premium/Discount to List
$101,000
11.88%
Current Estimated Value
$958,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,183
Avg. Annual Appreciation
-0.34%

Purchase Details

Closed on
Aug 14, 2017
Sold by
Friend & Friend Enterprises Inc
Bought by
Matthews Richard T and Matthews Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Engholm Troels $950,719 Stewart Title Guaranty Company
Matthews Richard T $529,719 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matthews Richard T $546,412
Previous Owner Matthews Richard T $510,000
Previous Owner Matthews Richard T $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $951,000 +11.9% $319 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $850,000 -- $285 / 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 $8,280 $839,900 $171,500 $668,400
2023 $8,280 $802,200 $170,400 $631,800
2022 $8,004 $824,600 $111,100 $713,500
2021 $7,206 $683,600 $93,000 $590,600
2020 $7,189 $564,300 $112,700 $451,600
2019 $6,398 $554,800 $110,200 $444,600
2018 $5,795 $429,200 $95,600 $333,600
2017 $2,565 $191,850 $81,250 $110,600
2016 $935 $79,350 $79,350 $0
2014 -- $79,350 $79,350 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1873980

Northwest Multiple Listing Service (NWMLS)

APN: 40610000500