$325,000
SOLD FEB 9, 2016

700 Sherman St NW Unit B Olympia, WA 98502

West Bay Drive Neighborhood
3 Beds
2 Baths
1,664 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$195 Per Sq Ft

11% Below List Price

230 Days on Market

Highlights

  • Views of a Sound
  • 1 Fireplace
  • 2-minute walk to West Bay Park
  • Jefferson Middle School Rated A
  • Garage

About This Home

As of October 2019

Enjoy carefree and close-in living with wonderful views of Budd Inlet, Mt Rainier, and downtown! Ultra-quiet owner-occupied community. Two view decks plus yard space. Beautifully updated, tastefully appointed, and painstakingly maintained. Spacious master suite with walk-in closet and private bath. All bedrooms have walk-in closets. Gas forced air heat and an attached 2-car garage. Super convenient location. Westmark condos rarely come on market!

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 05/14/2015

Co-Listed By

Sue Sandberg

Virgil Adams Real Estate, Inc. License #6340

Last Buyer's Agent

Ayanna Mostofi

TEC Real Estate Inc. License #75496

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM787353

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,517

Year Built

  • Built in 1988

Parking

  • Garage

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain

Home Design

  • Composition Roof
  • Cement Board or Planked

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Additional Features

  • 1 Fireplace
  • Street terminates at a dead end

Listing and Financial Details

  • Assessor Parcel Number 82910300200

Community Details

Overview

  • 2 Units
  • Westside Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,517

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 34 - Condo (3 Levels)
  • Entrance Level: Main
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliance Hookups: Cooking-Gas, Dryer-Electric, Washer
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplace Type: Gas
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1664

Exterior Features

  • Exterior: Cement Planked
  • Roof: Composition
  • View: Bay, City, Mountain, Sound

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Individual Garage

Utilities

  • Heating And Cooling: Forced Air
  • Water Heater: Gas

Condo/Co-op/Association

  • Numberof Units in Building: 2
  • Numberof Units In Complex: 15
  • HOA Fees: 380
  • Community Name: Westside
  • Project: Westmark Terrace Ph 3
  • Cats And Dogs: No Restrictions
  • Manager Contact Information: Lee Haugen
  • Common Property Features: Cable Tv
  • Home Owner Dues Included: Cable Tv, Earthquake Ins., Snow Removal, Road Maintenance, Common Area Maintenance, Lawn Service
  • Unit Features: Balcony/Deck/Patio, End Unit, Insulated Windows, Jetted/Soaking Tub, Master Bath, Skylights, Walk-In Closet, Yard

Schools

  • Elementary School: Garfield Elem
  • Middle School: Jefferson Mid
  • High School: Capital High
  • School District: OLY

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 5619
  • Parcel Number: 82910300200

Tax Info

  • Tax Amount: 3774

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Oct 15, 2019
Sold by
Vandenbos Gary and Vandenbos Erika
Bought by
Hanan Karen J and Hanan Stephen P
Seller's Agent
Paul Wolfe
Redfin Corp.
Buyer's Agent
Palmer Higa
BHGRE - Northwest Home Team
List Price
$389,900
Sold Price
$362,000
Premium/Discount to List
-$27,900
-7.16%
Current Estimated Value
$584,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,472
Avg. Annual Appreciation
8.79%
Original Mortgage
$289,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2015
Closed on
Jan 27, 2016
Sold by
Clark Patricia A
Bought by
Vandenbos Gary
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Ayanna Mostofi
TEC Real Estate Inc.
List Price
$365,000
Sold Price
$325,000
Premium/Discount to List
-$40,000
-10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$210,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
Clark Patricia A
Bought by
Clark Patricia A

Purchase Details

Closed on
Apr 14, 2008
Sold by
Coulter Maureen L
Bought by
Clark Bruce H and Clark Patricia A

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
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2005
Sold by
Brewster Jack E and Brewster Keley A
Bought by
Coulter Maureen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 8, 2002
Sold by
Mcaninch Alice Atwood
Bought by
Brewster Jack E and Brewster Keley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,798
Interest Rate
6.94%
Mortgage Type
VA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $362,000 Thurston County Title Co
Warranty Deed $324,719 Chicago Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $310,000 Thurston County Title
Warranty Deed $280,000 Stewart Title Of Western
Warranty Deed $194,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $283,700 New Conventional
Closed $289,600 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $210,000 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Previous Owner $50,000 Credit Line Revolving
Previous Owner $224,000 Fannie Mae Freddie Mac
Previous Owner $195,700 Unknown
Previous Owner $74,300 Credit Line Revolving
Previous Owner $198,798 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $362,000 -2.1% $218 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
09/05/2019 09/05/19 Price Changed $369,900 -5.1% $222 / Sq Ft
08/09/2019 08/09/19 For Sale $389,900 +20.0% $234 / Sq Ft
02/09/2016 02/09/16 Sold $325,000 -7.1% $195 / Sq Ft
12/31/2015 12/31/15 Pending -- -- --
10/26/2015 10/26/15 Price Changed $350,000 -4.1% $210 / Sq Ft
08/31/2015 08/31/15 For Sale $365,000 +12.3% $219 / Sq Ft
08/31/2015 08/31/15 Off Market $325,000 -- --
06/15/2015 06/15/15 Price Changed $365,000 -2.7% $219 / Sq Ft
05/14/2015 05/14/15 For Sale $375,000 -- $225 / 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 $4,517 $458,900 $131,700 $327,200
2023 $4,517 $431,700 $95,500 $336,200
2022 $4,800 $426,500 $86,000 $340,500
2021 $4,377 $401,700 $80,900 $320,800
2020 $4,938 $338,900 $78,000 $260,900
2019 $4,164 $373,100 $106,700 $266,400
2018 $4,474 $332,200 $100,500 $231,700
2017 $3,874 $310,050 $87,150 $222,900
2016 $3,570 $269,000 $69,600 $199,400
2014 -- $285,500 $69,600 $215,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM787353

Northwest Multiple Listing Service (NWMLS)

APN: 82910300200