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$1,549,000

Beds
3
Baths
2.25
sq ft
3,815

5115 Houston Dr NW, Olympia, WA 98502

5115 Houston Dr NW

Olympia, WA 98502

  • 139 days on market
    • Price drop $50,000↓
PRICE REDUCED $50K! This gorgeous, immaculate waterfront property on over 8 acres offers a relaxing, private setting and access to the best Olympia has to offer. The sellers have invested over $375K making this home shine! You’ll love the first floor primary bedroom, spacious kitchen, home office, and upstairs bonus room--it even has a private artesian well! With 3 bedrooms on a 4-bed septic, you may be able to convert the ~866 finished sq ft above the garage into an in-law suite/ADU. Take in views of Eld Inlet and the mountains as you kayak or relax by the outdoor fireplace. With easy highway access, you’re minutes from downtown, The Evergreen State College, Ralph Munro Trail, shopping, restaurants, beaches, and more! Welcome home!

Details

Property type

Single Family Residence

Est. home value

$1,795,986

Lot size

8.38 acres

Price per sq ft

$407

Year built

1947

Annual property taxes

$16,703

Price History

08/27/2024
NorthwestMLS

NorthwestMLS #2232313

Price change
$1,549,000
-3.13%
08/01/2024
NorthwestMLS

NorthwestMLS #2232313

Price change
$1,599,000
-3.09%
07/05/2024
NorthwestMLS

NorthwestMLS #2232313

Price change
$1,650,000
-90%

Schools & Community

Elementary school: 

Mclane Elem

Middle school: 

Marshall Middle

High school: 

Capital High

School district: 

Olympia

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

$1,108,503
Asking price
$1,549,000
Closing costs (~8% of asking)
-$123,920
Est. remaining loan balance
-$316,577
Cash to seller
$1,108,503

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

January 2021

Original loan amount

$402,700

Est. remaining balance

$316,577

Interest rate

2.28%

Loan type

VA, 15 year

Seller

Andre Fallot and Alexandra N Fallot

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 6:15 PM

Listing updated: 08/27/2024 at 12:34 PM

Listed by: Scott Tompkins, John L. Scott Olympia Phone #: (360) 200-5333

MLS: NorthwestMLS #2232313

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