tomo logo

$540,000

Beds
5
Baths
3.0
sq ft
2,318

5531 55th Loop SE, Olympia, WA 98513

5531 55th Loop SE

Olympia, WA 98513

  • <1 day on market
Tremendous space & appeal in this delightful 2318sf home nestled in a tree-lined neighborhood, w nearby Pattison and Long Lakes offering water recreation! 5 generous bedrooms & 3 full baths will easily suit any accomodations, especially w vaulted living room & kitchen upstairs w slider to the deck, & large family/bonus room downstairs providing access to the yard including patio, grass, & garden beds--ready to harvest! Fireplaces on both levels bring cozy to the winter months, AC provides cooling in the summer. Stylishly painted cabinets, new light fixtures, & custom wood details offer character. Lake access just 1/4 mi away. All appliances included; flooring credit of $10k w full price offer-Ready for you to call this terrific place HOME!

Details

Property type

Single Family Residence

Est. home value

$511,903

Lot size

5,750 sq ft

Price per sq ft

$233

Year built

2007

Annual property taxes

$4,744

Monthly HOA fee

$30

Price History

10/04/2024
NorthwestMLS

NorthwestMLS #2297995

Listed
$540,000
+5.88%
03/29/2022
NorthwestMLS

NorthwestMLS #1908903

Sold
$510,000
+29.11%
10/27/2020
NorthwestMLS

NorthwestMLS #1671279

Sold
$395,000
+75.63%

Schools & Community

Elementary school: 

Woodland Elem

Middle school: 

Nisqually Mid

High school: 

Timberline High

High school district: 

North Thurston

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

$35,976
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$460,824
Cash to seller
$35,976

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

March 2022

Original loan amount

$484,500

Est. remaining balance

$460,824

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Chase A Merrell and Holly A Merrell

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?

Status: Active

Tomo last checked: 10/05/2024 at 4:10 AM

Listing updated: 10/04/2024 at 3:38 PM

Listed by: Julie Bradshaw, RE/MAX Northwest Phone #: (360) 357-3336

MLS: NorthwestMLS #2297995

NorthwestMLS logo

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