NOT LISTED FOR SALE

5709 Black Lake Belmore Rd SW Olympia, WA 98512

Estimated Value: $702,000 - $908,696

5 Beds
3 Baths
3,066 Sq Ft
$261/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $350,000 $114 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,989/month

271 Days on Market

About This Home

As of September 2014

140' of prime waterfront on Black Lake. Located in the Tumwater UGA. The 5 acres has potential to subdivide. Home is approx. 3000 SF. Daylight basement, dock, patio. The home has good bones and lots of potential. There is an additional kitchenette downstairs. The backyard is large, plenty of room for BBQ's, volleyball and fun!

Last Agent to Sell the Property

Pamela Smith

Van Dorm Realty, Inc. Listed on: 10/21/2013

Last Buyer's Agent

Pamela Smith

Van Dorm Realty, Inc. Listed on: 10/21/2013

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM557840

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$9,029

Year Built

1963

Lot Details

0

Listing Details

  • Condition: Fixer
  • Sq Ft Finished: 3066
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1963

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Fireplaces: 2
  • Basement: Daylight
  • Features: Wired for Generator, Bath Off Master, Dining Room
  • Fireplaces: 2
  • Floor: Vinyl, Wall to Wall Carpet
  • Water Heater Location: Basement-Electric

Exterior Features

  • Roof: Built-Up
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Secluded
  • Roof: Built-Up
  • Site Features: Cable TV, Deck, Dock, High Speed Internet, Patio
  • View: Lake
  • Waterfront: Lake
  • Waterfront Frontage: 140
  • Lot Topography: Brush, Garden Space, Level, Wooded

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Heating: Radiator
  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Heating and Cooling: Radiator
  • Power Company: PSE
  • Sewer: Septic
  • Water Company: Well
  • Water Source: Individual Well

Schools

  • School District: TUM
  • Elementary School: Black Lake Elem
  • Middle School: Tumwater Mid
  • High School: A G West Black Hills

Lot Info

  • Lot Dimensions: 140x1871

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2013
Closed on
Sep 8, 2014
Sold by
Shanafelt Rie and Shanafelt Michael J
Bought by
Shanafelt Michael J
Seller's Agent
Pamela Smith
Van Dorm Realty, Inc.
Buyer's Agent
Pamela Smith
Van Dorm Realty, Inc.
List Price
$629,999
Sold Price
$350,000
Premium/Discount to List
-$279,999
-44.44%
Current Estimated Value
$799,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,174
Avg. Annual Appreciation
7.72%
Original Mortgage
$315,000
Outstanding Balance
$240,707
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$558,467

Purchase Details

Closed on
Jun 28, 1999
Sold by
Shanafelt George O and Shanafelt June E
Bought by
Westhoff Lyle L and Westhoff Marlene M
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
Shanafelt Michael J -- Chicago Title Company
Shanafelt Michael J $349,719 Chicago Title Company
Westhoff Lyle L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanafelt Michael J $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $350,000 -12.5% $114 / Sq Ft
07/20/2014 07/20/14 Pending -- -- --
07/15/2014 07/15/14 Price Changed $400,000 -20.0% $130 / Sq Ft
05/30/2014 05/30/14 Price Changed $499,999 -16.7% $163 / Sq Ft
11/18/2013 11/18/13 Price Changed $599,999 -4.8% $196 / Sq Ft
10/21/2013 10/21/13 For Sale $629,999 -- $205 / 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 $9,029 $795,500 $559,600 $235,900
2023 $9,029 $786,600 $534,000 $252,600
2022 $9,814 $831,000 $454,800 $376,200
2021 $8,760 $763,500 $446,600 $316,900
2020 $8,380 $611,400 $399,000 $212,400
2019 $8,027 $572,500 $348,100 $224,400
2018 $7,810 $555,200 $329,500 $225,700
2017 $6,654 $457,100 $326,600 $130,500
2016 $7,127 $471,000 $349,500 $121,500
2014 -- $488,300 $349,500 $138,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM557840

Northwest Multiple Listing Service (NWMLS)

APN: 12831441800