Listed by RE/MAX Parkside Affiliates, Bought with WEBREALTY
NOT LISTED FOR SALE

5609 12th Ave SW Olympia, WA 98512

Estimated Value: $267,000

2.08 Acres
$128,365 Price per Acre
90,605 Sq Ft Lot

Last Sold July 11, 2024

Last sale price $255,000

Est. 5% increase in value since last sale

Current estimated payment $1,601/month

49 Days on Market

Highlights

  • Secluded Lot
  • Thurgood Marshall Middle School Rated A-
  • Territorial View

About This Lot

As of July 2024

Discover a unique opportunity in Inlet's End with this rare 2-acre lot, perfect for your future home! Tucked away at the end of a peaceful cul-de-sac, this hidden gem boasts stunning views of the surrounding rolling hills. It's one of the last remaining lots in this serene neighborhood, offering ample space and privacy for your dream residence. Enjoy the tranquility of this secluded location while still being just minutes away from major highways and essential amenities. Don't miss out on the chance to create your ideal living space in this highly desirable area! Shared community well connection available in street. Buyer to investigate to satisfaction.

Last Agent to Sell the Property

Nichole Gottbreht

RE/MAX Parkside Affiliates License #22003528 Listed on: 05/01/2024

RE/MAX Parkside Affiliates

Last Buyer's Agent

Cory Burger

WEBREALTY License #80600

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2231135

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,150

Lot Details

  • 2.08 Acre Lot
  • Secluded Lot
  • Corner Lot
  • Level Lot

HOA Fees

  • $19 Monthly HOA Fees

Property Views

  • Territorial Views

Schools

  • Mclane Elementary School
  • Marshall Middle School
  • Capital High School

Utilities

  • Shared Well
  • Sewer Not Available

Community Details

  • Association fees include common area maintenance
  • Inlet's End Condos
  • Olympia Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 55620000700

Property Details

Property Type

Land

Est. Annual Taxes

$1,150

Lot Details

0

HOA Fees

$19 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Inlet's End
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Lightly Treed
  • Restrictions: CC&R
  • Special Features: None
  • Cumulative Days on Market: 453

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: See Remarks, Territorial
  • Lot Features: Corner Lot, Paved, Secluded
  • Road Surface Type: Gravel, Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Gravel,Paved

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, Shared Well
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Common Area Maintenance, Electricity Available
  • ElectricityStatus: Available
  • GasStatus: Not Available
  • SepticDesignApplied: false

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 225
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Marshall Middle

Lot Info

  • Parcel Number: 55620000700
  • Topography: Level,Sloped
  • Lot Size Acres: 2.08
  • Lot Size Sq Ft: 90605
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 7

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1150

MLS Schools

  • Elementary School: Mclane Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Jul 9, 2024
Sold by
Anderson Rod
Bought by
Jennings Nicholas Adam and Jennings Rachelle Ariana
Seller's Agent
Nichole Gottbreht
RE/MAX Parkside Affiliates
Buyer's Agent
Cory Burger
WEBREALTY
List Price
$349,000
Sold Price
$255,000
Premium/Discount to List
-$94,000
-26.93%
Views
19
Current Estimated Value
$267,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,000
Avg. Annual Appreciation
7.04%
Original Mortgage
$187,500
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2000
Sold by
Washington Federal Svgs
Bought by
Anderson Rod and Anderson Carol

Purchase Details

Closed on
May 30, 2000
Sold by
Walterick David R and Walterick Mary Jo
Bought by
Washington Fed Svgs

Purchase Details

Closed on
Oct 22, 1998
Sold by
Dutton Helen Wilder and Dutton Helen W
Bought by
Walterick David R and Walterick Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,750
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jennings Nicholas Adam $255,000 Thurston County Title
Anderson Rod $88,000 Pioneer Title Company
Washington Fed Svgs $76,083 First American Title Ins Co
Walterick David R -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Nicholas Adam $880,000
Closed Jennings Nicholas Adam $187,500
Previous Owner Walterick David R $66,750
Closed Walterick David R $29,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $255,000 -13.6% --
06/19/2024 06/19/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $295,000 -15.5% --
05/01/2024 05/01/24 For Sale $349,000 -- --
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 $1,538 $184,900 $184,900 --
2023 $1,538 $173,000 $173,000 $0
2022 $1,258 $131,000 $131,000 $0
2021 $1,546 $122,000 $122,000 $0
2020 $1,363 $139,300 $139,300 $0
2019 $955 $119,000 $119,000 $0
2018 $1,306 $111,400 $111,400 $0
2017 $1,067 $93,900 $93,900 $0
2016 $1,380 $125,550 $125,550 $0
2014 -- $118,000 $118,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2231135

Northwest Multiple Listing Service (NWMLS)

APN: 55620000700