NOT LISTED FOR SALE

5533 Cheri Estates Dr SE Olympia, WA 98501

Estimated Value: $1,029,000 - $1,106,000

5 Beds
3 Baths
3,453 Sq Ft
$305/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $859,950 $249 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,339/month

Highlights

  • Waterfront Community
  • Wooded Lot
  • 1 Fireplace
  • Centennial Elementary School Rated A
  • Territorial View
  • Attached Garage

About This Home

As of April 2021

Rob Rice Homes new construction in SE Olympia! The Westminster plan offers 3453 sf, 5 bdrms, 3 full baths. Main level Master Suite w/5 pc bath, full tile shower, WI closet & access to private patio. Living rm w/cathedral ceiling open to second story 'catwalk', gas frplc & open to kitchen w/solid surface counters, center island w/white shaker cabinetry, Slow close 'mist' stained perimeter cabinetry, ss apps, hw floors. Butler's pantry with wine cooler & HUGE walk-in pantry for extra kitchen storage. Main Level bedroom w/closet would make a great office! 2nd story bonus room, 3 car gar, landscaped, fenced & sprinklered front & back. Gas F/A heat with heat pump! Community Private access to Deschutes River Frontage.

Last Agent to Sell the Property

Vonna Madeley

Coldwell Banker Evergreen License #24002878 Listed on: 01/11/2021

Coldwell Banker Evergreen

Co-Listed By

Jeanne Tranum

Coldwell Banker Evergreen License #11286

Last Buyer's Agent

Bana Labib

Blue Summit Realty LLC License #81391

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1716042

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,331

Year Built

  • Built in 2021

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Stone

Interior Spaces

  • 1 Fireplace
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 40610001000

Community Details

Overview

  • Olympia Community

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,331

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • New Construction: Completed
  • Homebuilder: Evergreen Heights LLC
  • Building Information: Built On Lot
  • Entrance Level: Main
  • New Construction: Y
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet, R
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 3.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Family Room: Upper
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3453
  • Square Footage Finished: 3453

Exterior Features

  • Construction Methods: Double Wall
  • Exterior: Cement Planked, Stone, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, Tankless Water Heater
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Olympia
  • Water Company: City of Olympia
  • Water Heater: Garage-Gas - Tankless
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 25
  • Community Name: Olympia
  • Project: Cheri Estates
  • Community Features: Community Waterfront/Pvt Beach

Schools

  • Elementary School: Centennial Elem
  • Middle School: Wash Mid
  • High School: Olympia High
  • School District: OLY

Lot Info

  • Lot Number: 10
  • Lot Details: Dead End Street, Paved Street, Sidewalk
  • Lot Sq Ft: 11795
  • Lot Topography Vegetation: Level, Wooded
  • Parcel Number: 40610001000
  • Lot Topography: Level, Wooded

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Apr 14, 2021
Sold by
Evergeen Heights Llc
Bought by
Koirala Abhishek and Koirala Sweta
Seller's Agent
Vonna Madeley
Coldwell Banker Evergreen
Buyer's Agent
Bana Labib
Blue Summit Realty LLC
List Price
$859,950
Sold Price
$859,950
Current Estimated Value
$1,051,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,045
Avg. Annual Appreciation
4.56%
Original Mortgage
$859,950
Outstanding Balance
$776,431
Interest Rate
3%
Mortgage Type
VA
Estimated Equity
$275,564

Purchase Details

Closed on
Aug 6, 2020
Sold by
Friend & Friend Enterprises Inc
Bought by
Evergreen Heights Llc
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
Koirala Abhishek $859,950 Chicago Title
Evergreen Heights Llc $190,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koirala Abhishek $859,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $859,950 0.0% $249 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $859,950 -- $249 / 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 $9,331 $990,300 $178,800 $811,500
2023 $9,331 $905,400 $183,300 $722,100
2022 $9,359 $963,900 $119,000 $844,900
2021 $1,338 $800,900 $100,900 $700,000
2020 $1,354 $120,500 $120,500 $0
2019 $4,594 $118,500 $118,500 $0
2018 $1,195 $102,000 $102,000 $0
2017 $977 $86,000 $86,000 $0
2016 $991 $84,250 $84,250 $0
2014 -- $84,250 $84,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Vonna Madeley

    Seller's Agent in 2021

    Vonna Madeley

    Coldwell Banker Evergreen Olympic Realty, Inc.

    (360) 561-7888

    331 Total Sales

    Vonna Madeley
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jeanne Tranum

    Coldwell Banker Evergreen Olympic Realty, Inc.

    (360) 352-7651

    237 Total Sales

    Jeanne Tranum
    Section Image
  • Bana Labib

    Buyer's Agent in 2021

    Bana Labib

    Blue Summit Realty LLC

    (360) 701-2720

    43 Total Sales

    Bana Labib
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1716042

Northwest Multiple Listing Service (NWMLS)

APN: 40610001000

Washington Thurston County Olympia 98501

5533 Cheri Estates Dr SE, Olympia, WA

This home is located at 5533 Cheri Estates Dr SE, Olympia, WA 98501 since 11 January 2021 and is currently estimated at $1,051,995, approximately $304 per square foot. This property was built in 2021. 5533 Cheri Estates Dr SE is a home located in Thurston County with nearby schools including Centennial Elementary School, Washington Middle School, and Olympia High 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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