Listed by Virgil Adams Real Estate, Inc., Bought with Van Dorm Realty, Inc
NOT LISTED FOR SALE

7324 48th Way NW Olympia, WA 98502

Estimated Value: $828,000 - $1,215,000

2 Beds
1 Bath
1,525 Sq Ft
$645/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $587,500 $385 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,647/month

3 Days on Market

Highlights

  • Views of a Sound
  • Fruit Trees
  • Secluded Lot
  • Property Fronts a Bay or Harbor
  • Deck
  • Softwood Flooring

About This Home

As of December 2017

What a fantastic getaway spot and woodsy setting! Very quiet and peaceful. Fall in love with this quaint and rustic cabin with soothing views of Totten Inlet and medium bank waterfront! A long driveway through a classic Northwest setting leads to 5 full acres with big trees, pasture, and orchard. Detached oversized 2-car garage. New decking, stairs, heating system, windows, flooring, bathrooms, and more! Private well. Griffin Schools. This would make a fantastic second home! Make it yours!

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 08/31/2017

Co-Listed By

Sue Sandberg

Virgil Adams Real Estate, Inc. License #6340

Last Buyer's Agent

Jake Belman

Van Dorm Realty, Inc License #20983

Van Dorm Realty, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1186530

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,843

Year Built

  • Built in 1950

Lot Details

  • Property Fronts a Bay or Harbor
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden

Parking

  • Detached Garage

Property Views

  • Views of a Sound
  • Bay Views

Home Design

  • Cabin
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Tideland Water Rights
  • Deck
  • Outbuilding

Farming

  • Pasture

Utilities

  • Propane
  • Well
  • Septic System

Community Details

  • Oyster Bay Community

Listing and Financial Details

  • Assessor Parcel Number 13927410600

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,843

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Cabin
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Skylights, Vaulted Ceilings
  • Floor Covering: Fir/Softwood, Hardwood, Vinyl, Wall To Wall Carpet
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1525
  • Square Footage Finished: 1525

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Bay, Sound
  • Waterfront: Bank-Medium, Bay, Saltwater, Sound, Tideland Rights
  • Waterfront Frontage: 135' Totten Inlet

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Stove/Free Standing, Ductless Hp-Mini Split
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Private well
  • Water Heater: Electric
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Oyster Bay

Schools

  • Elementary School: Griffin Elem
  • Middle School: Griffin Mid School
  • High School: Capital High
  • School District: GRF

Lot Info

  • Lot Details: Dead End Street, Secluded
  • Lot Sq Ft: 235224
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Partial Slope, Pasture, Sloped, Wooded
  • Parcel Number: 13927410600
  • Zoning Jurisdiction: County
  • Lot Topography: Fruit Trees, Garden Space, Level, Partial Slope, Pasture, Sloped, Wooded

Tax Info

  • Tax Amount: 3608

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2017
Closed on
Nov 20, 2017
Sold by
Milne David H and Milne Darrelyn S
Bought by
Andino Curt and Halpern Alison
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Jake Belman
Van Dorm Realty, Inc
List Price
$520,000
Sold Price
$587,500
Premium/Discount to List
$67,500
12.98%
Current Estimated Value
$984,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,546
Avg. Annual Appreciation
6.77%
Original Mortgage
$352,500
Outstanding Balance
$296,078
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$687,968
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
Andino Curt $587,219 Chicago Title
Andino Curt $592,275 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andino Curt $352,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2017 12/12/17 Sold $587,500 +13.0% $385 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $520,000 -- $341 / 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 $5,843 $865,900 $502,200 $363,700
2023 $5,843 $765,000 $381,000 $384,000
2022 $4,759 $651,100 $304,700 $346,400
2021 $4,518 $524,300 $342,800 $181,500
2020 $5,418 $479,200 $335,500 $143,700
2019 $4,647 $501,700 $379,300 $122,400
2018 $4,429 $369,500 $269,900 $99,600
2017 $3,608 $305,900 $192,600 $113,300
2016 $3,523 $414,450 $310,650 $103,800
2014 -- $295,450 $205,550 $89,900
Source: Public Records

Agents Affiliated with this Home

  • Spence Weigand

    Seller's Agent in 2017

    Spence Weigand

    Virgil Adams Real Estate, Inc.

    (360) 789-3160

    138 Total Sales

    Spence Weigand
    Section Image
  • Sue Sandberg

    Seller Co-Listing Agent in 2017

    Sue Sandberg

    Virgil Adams Real Estate, Inc.

    (360) 701-1988

    32 Total Sales

    Sue Sandberg
    Section Image

  • J

    Buyer's Agent in 2017

    Jake Belman

    Van Dorm Realty, Inc

    (360) 402-7080

    16 Total Sales

    Jake Belman
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1186530

Northwest Multiple Listing Service (NWMLS)

APN: 13927410600

Washington Thurston County Olympia 98502

7324 48th Way NW, Olympia, WA

This home is located at 7324 48th Way NW, Olympia, WA 98502 since 31 August 2017 and is currently estimated at $984,046, approximately $645 per square foot. This property was built in 1950. 7324 48th Way NW is a home located in Thurston County with nearby schools including Griffin 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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