Listed by Spivey Realty Group, LLC, Bought with Keller Williams Greater 360
NOT LISTED FOR SALE

7505 Sprucecrest Dr SW Olympia, WA 98512

Estimated Value: $326,000

0.25 Acre
$1,307,661 Price per Acre
10,859 Sq Ft Lot

Last Sold May 15, 2023

Last sale price $12,500

Est. 2,508% increase in value since last sale

Current estimated payment $1,818/month

166 Days on Market

Highlights

  • Community Boat Launch
  • Clubhouse
  • Corner Lot
  • Black Lake Elementary School Rated A-

About This Lot

As of May 2023

Rare property! Check out this 1/4 acre corner lot in the Black Lake community. This spacious corner lot is just a short walk from Black Lake, local boat launch, community center and a few minutes from the Tumwater community and other amenities. Water and electricity are in the street, ground doesn't perc for septic, includes 240 sq ft shed and ready for recreational use!

Last Agent to Sell the Property

Kaylan Forbis

Spivey Realty Group, LLC License #133360 Listed on: 11/16/2022

Last Buyer's Agent

Vanessa Harper

Keller Williams Greater 360 License #20122063

Keller Williams Greater 360

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2015103

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • 10,859 Sq Ft Lot
  • Corner Lot
  • Level Lot

HOA Fees

  • $23 Monthly HOA Fees

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 46880039000

Community Details

Overview

  • Association fees include common area maintenance, road maintenance
  • Black Lake Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: CC&R
  • Improvements: Outbuilding(s)
  • AssessmentFees: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • RoadOnWhichSide: East
  • WaterJurisdiction: City of Tumwater

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: In Street
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: No
  • Utilities: Common Area Maintenance, Road Maintenance, See Remarks, Electricity Available
  • ElectricityStatus: In Street
  • GasStatus: Not Available
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Club House
  • Senior Community: No
  • Association Fee: 275
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Vacant Land

Fee Information

  • Association Fee Includes: Common Area Maintenance, Road Maintenance, See Remarks

Schools

  • Junior High Dist: Tumwater
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 46880039000
  • Topography: Level,SeeRemarks
  • Lot Size Acres: 0.2493
  • Lot Size Sq Ft: 10859
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • SoilFeasibilityTest: false
  • SlopeComment: East

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 377.83

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
May 9, 2023
Sold by
Lopez Arthur and Lopez Andrea E
Bought by
Kane Tiffany
Seller's Agent
Kaylan Forbis
Spivey Realty Group, LLC
Buyer's Agent
Vanessa Harper
Keller Williams Greater 360
List Price
$35,000
Sold Price
$12,500
Premium/Discount to List
-$22,500
-64.29%
Views
335
Current Estimated Value
$326,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,500
Avg. Annual Appreciation
318.82%

Purchase Details

Closed on
Nov 7, 2019
Sold by
Hood Cynthia L
Bought by
Lopez Arthur and Lopez Frank Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,244
Interest Rate
3.6%
Mortgage Type
VA
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
Kane Tiffany -- Thurston County Title
Lopez Arthur $249,995 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Arthur $258,244
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $12,500 -37.5% --
05/01/2023 05/01/23 Pending -- -- --
04/03/2023 04/03/23 Price Changed $20,000 -42.9% --
03/31/2023 03/31/23 For Sale $35,000 0.0% --
03/17/2023 03/17/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $35,000 -30.0% --
03/12/2023 03/12/23 For Sale $50,000 0.0% --
02/26/2023 02/26/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $50,000 0.0% --
01/12/2023 01/12/23 Pending -- -- --
12/26/2022 12/26/22 Price Changed $50,000 -33.3% --
11/16/2022 11/16/22 For Sale $75,000 -- --
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 $891 $35,100 $32,900 $2,200
2023 $891 $70,900 $68,600 $2,300
2022 $756 $60,200 $57,700 $2,500
2021 $676 $52,000 $49,700 $2,300
2020 $539 $41,000 $38,800 $2,200
2019 $476 $30,100 $27,300 $2,800
2018 $505 $29,500 $26,800 $2,700
2017 $505 $28,800 $27,300 $1,500
2016 $523 $31,000 $29,600 $1,400
2014 -- $30,600 $29,300 $1,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2015103

Northwest Multiple Listing Service (NWMLS)

APN: 46880039000