Large Location Icon

5605 Reef Ln; Olympia, WA Property Details

5605 Reef Ln, Olympia, WA is a Single Family that was built in 2021. This property is currently Financed and is not for sale. Our records show that 5605 Reef Ln has 3 bedrooms, and 2 bathrooms, and a total of 1,706 square feet. The lot size of 5605 Reef Ln is 5,371 square feet.

Off market
5605 Reef Ln NE Olympia, WA 98516
$625,000 Listing Price
3 Beds
2 Baths
1,706 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 2021
  • Purchase Price: $665,000
  • Open Loans / Balance: 1 / $573,242
  • Est. Equity / %: $63,758 / 10.01%
  • Gross Yield: 6.819%
  • APN: 52930165200
  • Situs County: Thurston
  • Length Of Ownership: 2 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 1

Structure

  • Floor Cover Type: Wood
  • Stories: 1
  • Exterior Wall Type: Concrete
  • Building Condition: Average
  • Building Quality: B
  • Roof Type: Hip
  • Roof Cover Type: Concrete
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,706/SqFt
  • Lot: 5,371/SqFt
  • Gross: 2,344/SqFt
  • Garage: 400/SqFt
  • Living: 1,706/SqFt
  • Building: 2,106/SqFt
  • Ground: 1,706/SqFt
  • Garage Unfinished: 400/SqFt
  • Price Per Square Foot: $389.80

Legal Description

  • Description: SECTION 23 TOWNSHIP 19 RANGE 1W QUARTER E2 SE PLAT HAWKS PRAIRIE PH 3 UNIT 18 WOODLAND COVE BLA210007LA TR A DOCUMENT 4898856
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: North Thurston Public Schools
  • Lat / Lon: 47.112385 / -122.76293
  • Subdivision: Hawks Prairie Ph 3 Unit 18 Woodland Cove
  • Property Class: Residential
  • Zoning: LD 0-4
  • County Use Code: 11

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1387
  • Bathroom Fixtures: 11
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One: $289
  • H O A Amount: $289
  • H O A One Frequency: Monthly
  • H O A One Name: Jubilee Community Assn
  • H O A One Type: Home Owner Association

Ownership Info

5605 Reef Ln NE has no associated ownership info
5605 Reef Ln NE has no associated ownership info.

Taxes

5605 Reef Ln NE has 10 associated Taxes items

5605 Reef Ln, Olympia, WA pays taxes in Thurston County, WA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $643,000. The APN we've located for 5605 Reef Ln is 52930165200.

Unlock the full report
Taxes
  • Assessed Value:  $643,000
  • Assessed Year:  2025
  • Assessed County:  Thurston
  • APN:  52930165200
  • Assessed Land Value:  202600
  • Market Land Value:  202600
  • Tax Amount:  6664.03
  • Tax Year:  2026
  • Market Value:  643000
  • Market Year:  2025

Tax History

5605 Reef Ln NE has 7 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value Land Value Improvement Value Tax Amount $6,664.03 Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value $643,000 Land Value $202,600 Improvement Value $440,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $582,800 Land Value $196,300 Improvement Value $386,500 Tax Amount $5,450.17 Change Rate +0.053855% Assessed CR Tax Rate +0.009352%
Year 2023 Assessed Value $570,200 Land Value $172,700 Improvement Value $397,500 Tax Amount $5,171.65 Change Rate -0.068294% Assessed CR Tax Rate +0.00907%
Year 2022 Assessed Value $543,500 Land Value $98,300 Improvement Value $445,200 Tax Amount $5,550.73 Change Rate +3.10721% Assessed CR Tax Rate +0.010213%
Year 2021 Assessed Value $477,300 Land Value $105,500 Improvement Value $371,800 Tax Amount $1,351.46 Change Rate +0.181625% Assessed CR Tax Rate +0.002831%
Year 2020 Assessed Value $107,700 Land Value $107,700 Improvement Value Tax Amount $1,143.73 Change Rate Assessed CR Tax Rate +0.01062%