Listed by Virgil Adams Real Estate, Inc., Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

8727 Adams Ln NW Olympia, WA 98502

Estimated Value: $215,811 - $224,000

1.35 Acres
$162,893 Price per Acre
58,806 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $201,000

Est. 9% increase in value since last sale

Current estimated payment $1,231/month

15 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Secluded Lot
  • No HOA
  • Views of a Sound

About This Lot

As of October 2023

Beautiful, classic Northwest waterfront site! 150' of low bank waterfront on Totten Inlet with soothing views of the water and the Black Hills. Bulkhead in place. Private and peaceful setting. This is likely a recreational site only, but what a wonderful place to spend weekends or summer vacations! Has been in single family ownership for almost six decades.

Last Agent to Sell the Property

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 10/02/2023

Last Buyer's Agent

Lauren Maguire

Olympic Sotheby's Int'l Realty License #117807

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2167699

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $801

Lot Details

  • 1.35 Acre Lot
  • Lot Dimensions are 145'x396'x146'x397'
  • Low Bank Waterfront Property
  • 150 Feet of Waterfront
  • Home fronts a sound
  • Property Fronts a Bay or Harbor
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Schools

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

Utilities

  • Well Required
  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 12905430500

Community Details

Overview

  • No Home Owners Association
  • Steamboat Island Subdivision

Recreation

  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$801

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Evergreens,Partially Cleared
  • Restrictions: No Restrictions
  • Special Features: None

Interior Features

  • Possible Use: Residential, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Bay, Mountain(s), Sound
  • Lot Features: Dead End Street, Secluded
  • Road Surface Type: Gravel
  • View: Yes
  • Waterfront Features: Bank-Low, Bay/Harbor, Bulkhead, Saltwater, Sound
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Gravel
  • RoadOnWhichSide: East
  • WaterfrontFootage: 150' Totten Inlet

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Well Needed
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available
  • ElectricityStatus: In Street
  • GasStatus: Not Available

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: 12905430500
  • Topography: Level,Sloped
  • Lot Size Acres: 1.35
  • Lot Size: 145'x396'x146'x397'
  • Lot Size Sq Ft: 58806
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Residential,See Remarks

Tax Info

  • Year: 2023
  • Tax Annual Amount: 801

MLS Schools

  • Elementary School: Griffin Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 23, 2023
Sold by
Walker Francis J
Bought by
Adams Lane Community Beach
Seller's Agent
Spence Weigand
Virgil Adams Real Estate, Inc.
Buyer's Agent
Lauren Maguire
Olympic Sotheby's Int'l Realty
List Price
$125,000
Sold Price
$201,000
Premium/Discount to List
$76,000
60.8%
Views
130
Current Estimated Value
$219,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,906
Avg. Annual Appreciation
4.69%
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
Adams Lane Community Beach $201,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $201,000 +60.8% --
10/17/2023 10/17/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $125,000 -- --
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 $762 $176,300 $176,300 --
2023 $762 $118,400 $118,400 $0
2022 $1,512 $122,000 $122,000 $0
2021 $1,568 $200,900 $200,900 $0
2020 $2,037 $189,300 $189,300 $0
2019 $1,562 $212,900 $212,900 $0
2018 $1,671 $158,000 $158,000 $0
2017 $1,391 $135,100 $135,100 $0
2016 $1,576 $164,800 $164,800 $0
2014 -- $156,550 $156,550 $0
Source: Public Records

Agents Affiliated with this Home

  • Spence Weigand

    Seller's Agent in 2023

    Spence Weigand

    Virgil Adams Real Estate, Inc.

    (360) 789-3160

    138 Total Sales

    Spence Weigand
    Section Image

  • L

    Buyer's Agent in 2023

    Lauren Maguire

    Olympic Sotheby's Int'l Realty

    (360) 528-4160

    18 Total Sales

    Lauren Maguire
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2167699

Northwest Multiple Listing Service (NWMLS)

APN: 12905430500

Washington Thurston County Olympia 98502

8727 Adams Ln NW, Olympia, WA

This home is located at 8727 Adams Ln NW, Olympia, WA 98502 since 02 October 2023 and is currently estimated at $219,906. 8727 Adams Ln 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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