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

8518 48th Ct NE Olympia, WA 98516

Estimated Value: $541,000 - $605,940

3 Beds
2.5 Baths
1,694 Sq Ft
$337/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $539,000 $318 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,397/month

15 Days on Market

Highlights

  • Deck
  • Territorial View
  • 2 Car Attached Garage
  • Wooded Lot
  • Cul-De-Sac
  • Storm Windows

About This Home

As of January 2023

This beautifully remodeled 3 bed 2.25 bath home sits on a spacious half-acre lot in a desirable cul-de-sac neighborhood. As you walk through the front door, you'll be amazed by the modern updates and stylish finishes. The open-concept floor plan is perfect for entertaining, with a spacious living room that flows seamlessly into the dining area and kitchen. Take three steps down from the kitchen to the lower level and cozy up next to the wood stove in your large family room. Each bedroom is spacious and filled with natural light, but the real showstopper is the primary suite's luxurious tiled walk-in shower. Step outside to the backyard and enjoy the peace and privacy of your own forested oasis with tons of opportunities!

Last Agent to Sell the Property

Paul Oczkewicz

Virgil Adams Real Estate, Inc. License #47964 Listed on: 12/27/2022

Co-Listed By

Nate Burgher

Virgil Adams Real Estate, Inc. License #22001349

Last Buyer's Agent

Paula Burrows

eXp Realty License #23704

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2023824

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,737

Year Built

  • Built in 1982

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 90x243x42x164x175
  • Cul-De-Sac
  • Street terminates at a dead end
  • Southeast Facing Home
  • Property is Fully Fenced
  • Level Lot
  • Wooded Lot
  • Zoning described as LD 0-4

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • 3-Story Property
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,694 Sq Ft Home
  • Wood Burning Fireplace
  • Dining Room
  • Territorial Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Olympic View Elementary School
  • Salish Middle School
  • River Ridge High School

Utilities

  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 65180000800

Community Details

Overview

  • Nisqually Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,737

Year Built

Built in 1982

Lot Details

0

HOA Fees

$5 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 13 - Tri-Level
  • Year Built: 1982
  • Inclusions: Dishwasher,Dryer,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1694
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, Water Heater
  • Living Area: 1694
  • Main Level Bedrooms: 2
  • BathsFullMain: 0
  • SquareFootageFinished: 1694
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 1
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Dryer,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southeast
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • HeatingCoolingType: Forced Air,Stove/Free Standing
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Lacey
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Community Features: CCRs, Park, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 55
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Salish Middle

Lot Info

  • Parcel Number: 65180000800
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.663
  • Lot Size: 90x243x42x164x175
  • Lot Size Sq Ft: 28880
  • Zoning Description: LD 0-4
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4737

Multi Family

  • EnergySource: Natural Gas,Wood

MLS Schools

  • Elementary School: Olympic View Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2022
Closed on
Jan 27, 2023
Sold by
Orme David V and Orme Carol D
Bought by
Carla Denise Morgan Revocable Trust
Seller's Agent
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
Buyer's Agent
Paula Burrows
eXp Realty
List Price
$539,000
Sold Price
$539,000
Views
29
Current Estimated Value
$571,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,485
Avg. Annual Appreciation
2.13%
Original Mortgage
$239,000
Outstanding Balance
$210,591
Interest Rate
5.54%
Mortgage Type
Construction
Estimated Equity
$360,894

Purchase Details

Listed on
May 22, 2014
Closed on
Dec 26, 2014
Sold by
Roberts Bruce D and Connell Mary Margaret O
Bought by
Orme David and Orme Carol D
Seller's Agent
Robert Stoeck
Redfin
Buyer's Agent
Paul Oczkewicz
Virgil Adams Real Estate, Inc.
List Price
$200,000
Sold Price
$175,000
Premium/Discount to List
-$25,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.92%

Purchase Details

Closed on
Oct 10, 2014
Sold by
Connell Mary Margaret O
Bought by
Roberts Bruce D

Purchase Details

Closed on
Aug 4, 2005
Sold by
Collier May E
Bought by
Roberts Bruce D and Oconnell Mary Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,930
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 2003
Sold by
Charba John and Charba Michelle T
Bought by
Collier May E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,900
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 18, 1997
Sold by
Prouty Richard W and Prouty Mary Jo
Bought by
Charba John and Charba Michelle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,925
Interest Rate
7.5%
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
Carla Denise Morgan Revocable Trust $539,000 Chicago Title
Orme David $174,719 First American Title
Roberts Bruce D -- Accommodation
Roberts Bruce D $239,900 Chicago Title Co
Collier May E $199,900 Stewart Title Of Wester
Charba John $130,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carla Denise Morgan Revocable Trust $239,000
Previous Owner Roberts Bruce D $167,930
Previous Owner Collier May E $159,900
Previous Owner Charba John $110,925
Closed Collier May E $39,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2023 01/31/23 Sold $539,000 0.0% $318 / Sq Ft
01/11/2023 01/11/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $539,000 +208.0% $318 / Sq Ft
12/30/2014 12/30/14 Sold $175,000 0.0% $103 / Sq Ft View Prior Sale
07/24/2014 07/24/14 Pending -- -- --
07/24/2014 07/24/14 Price Changed $175,000 -12.5% $103 / Sq Ft
05/22/2014 05/22/14 For Sale $200,000 -- $118 / 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 $4,634 $492,000 $230,500 $261,500
2023 $4,634 $466,300 $198,200 $268,100
2022 $4,690 $448,400 $159,100 $289,300
2021 $4,271 $387,700 $155,900 $231,800
2020 $3,815 $328,300 $146,000 $182,300
2019 $3,271 $300,700 $94,600 $206,100
2018 $3,681 $259,200 $81,800 $177,400
2017 $3,323 $243,000 $81,700 $161,300
2016 $2,943 $202,300 $74,600 $127,700
2014 -- $210,400 $74,600 $135,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2023824

Northwest Multiple Listing Service (NWMLS)

APN: 65180000800