tomo logo

$525,000

Beds
3
Baths
2.25
sq ft
1,852

2804 Riverlea Dr SE, Olympia, WA 98501

2804 Riverlea Dr SE

Olympia, WA 98501

  • 40 days on market
    • Price drop $44,000↓
Serenity now! Tucked away in the quiet Riverlea community, this well-maintained rambler combines the beauty of rural living with the convenience of being just 10 minutes from amenities. Relax on the covered back patio surrounded by a beautifully landscaped yard backing to 32 acres of state forest land for privacy. This home features a formal living/dining space that flows seamlessly into the kitchen and beyond to the breakfast nook and family room. Large laundry room with storage. Three bedrooms, including a primary suite. Oversize 2-car garage, plus extra driveway parking with double gate to securely park your boat or RV, plus a shed with power for extra storage. Wired for generator. Three year new 50-year roof with transferable warranty.

Details

Property type

Single Family Residence

Est. home value

$518,946

Lot size

0.2922 acres

Price per sq ft

$284

Year built

1977

Annual property taxes

$4,433

Monthly HOA fee

$12.08

Price History

09/12/2024
NorthwestMLS

NorthwestMLS #2275897

Price change
$525,000
-7.73%
08/10/2024
NorthwestMLS

NorthwestMLS #2275897

Listed
$569,000
+190.31%
11/06/2012
NorthwestMLS

NorthwestMLS #394735

Sold
$196,000
-28.73%

Schools & Community

Elementary school: 

East Olympia Elem

Middle school: 

George Wash Bush Mid

High school: 

Tumwater High

School district: 

Tumwater

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$316,882
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$166,118
Cash to seller
$316,882

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Waterstone Mortgage Corp

Loan start date

March 2021

Original loan amount

$180,000

Est. remaining balance

$166,118

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Norman G Schoss and Lila B Schoss

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/18/2024 at 6:50 PM

Listing updated: 09/12/2024 at 9:28 AM

Listed by: Jessica Kammeyer, Redfin Phone #: (360) 558-3945

MLS: NorthwestMLS #2275897

NorthwestMLS logo

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