Listed by Virgil Adams Real Estate, Inc., Bought with RE/MAX Realty South
NOT LISTED FOR SALE

7229 Gallagher Cove Rd NW Olympia, WA 98502

Estimated Value: $584,792 - $609,000

2 Beds
2 Baths
1,857 Sq Ft
$321/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $521,000 $281 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,431/month

Highlights

  • Fruit Trees
  • Contemporary Architecture
  • Territorial View
  • Deck
  • Secluded Lot
  • Vaulted Ceiling

About This Home

As of January 2022

Are you looking for peaceful acreage with potential to customize? Here's your opportunity! This custom built home is ready for your finishing touches with 2+ bed, 1.75 ba., 1857sf on 5 peaceful acres of park-like forest. This is the perfect project for those who considered building but found the process too daunting. The hard work is done and the custom style w/vaulted great room, exposed beams, tongue & groove ceiling, wall of windows, spacious kitchen, hardwood floors lends perfectly to the serene setting. Newer roof, furnace, water heater & large shed.

Last Agent to Sell the Property

Rick Wilson

Virgil Adams Real Estate, Inc. License #72711 Listed on: 12/09/2021

Last Buyer's Agent

Erin McCready

RE/MAX Realty South License #125399

RE/MAX Realty South

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1870745

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,860

Year Built

  • Built in 1991

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 639x319
  • South Facing Home
  • Secluded Lot
  • Sloped Lot
  • Fruit Trees
  • Wooded Lot
  • Garden

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,857 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Griffin Elementary School
  • Griffin Mid Middle School
  • Capital High School

Utilities

  • Propane
  • Well
  • Water Heater
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • Steamboat Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 36020027100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,860

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1991
  • Inclusions: Dishwasher,Dryer,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1857
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Dryer, Stove/Range, Washer
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Forced Air, Hardwood, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Vaulted Ceiling(s), Water Heater
  • Living Area: 1857
  • Main Level Bedrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 1857
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Dryer,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Secluded
  • View: Yes
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Fair
  • Structure Type: House
  • BusLineNearby: false

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Heating Yn: Yes
  • Utilities: Propane, Septic System, Electricity Available, Propane, Individual Well
  • HeatingCoolingType: Forced Air,Stove/Free Standing
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Griffin
  • High School: Capital High
  • Middle Or Junior School: Griffin Mid School

Lot Info

  • Parcel Number: 36020027100
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 5
  • Lot Size: 639x319
  • Lot Size Sq Ft: 217800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Outbuildings,Propane
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2860

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Griffin Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Jan 10, 2022
Sold by
Gale-Sinex Michele E
Bought by
Creamer Michael C and Creamer Elizabeth Winona
Seller's Agent
Rick Wilson
Virgil Adams Real Estate, Inc.
Buyer's Agent
Erin McCready
RE/MAX Realty South
List Price
$450,000
Sold Price
$521,000
Premium/Discount to List
$71,000
15.78%
Current Estimated Value
$595,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,948
Avg. Annual Appreciation
3.62%
Original Mortgage
$395,800
Outstanding Balance
$365,301
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$230,647

Purchase Details

Closed on
Feb 9, 1998
Sold by
Stewart John Andrew and Stewart Kristin
Bought by
Pollock Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.95%
Source: Public Records

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 Buyer Sale Price Title Company
Creamer Michael C $520,719 Chicago Title
Pollock Joseph A $135,000 Pioneer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Creamer Michael C $395,800
Previous Owner Pollock Joseph A $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2022 01/18/22 Sold $521,000 +15.8% $281 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $450,000 -- $242 / 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 $3,548 $446,800 $229,500 $217,300
2023 $3,548 $458,600 $242,600 $216,000
2022 $3,276 $417,200 $192,300 $224,900
2021 $2,860 $356,900 $178,800 $178,100
2020 $2,801 $299,000 $142,300 $156,700
2019 $2,647 $254,400 $116,100 $138,300
2018 $2,903 $239,200 $104,100 $135,100
2017 $2,705 $227,100 $98,400 $128,700
2016 $2,717 $230,900 $101,900 $129,000
2014 -- $225,500 $101,900 $123,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1870745

Northwest Multiple Listing Service (NWMLS)

APN: 36020027100