Large Location Icon

5612 Reef Ln; Olympia, WA Property Details

5612 Reef Ln, Olympia, WA is a Single Family that was built in 2021. This property is currently Cash Purchase,New Construction and is for sale. Our records show that 5612 Reef Ln has 2 bedrooms, and 3.5 bathrooms, and a total of 1,842 square feet. The lot size of 5612 Reef Ln is 5,000 square feet.

On Market for 95 days
5612 Reef Ln NE Olympia, WA 98516
$660,000 Listing Price
2 Beds
3.5 Baths
1,842 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2021
  • Purchase Price: $612,610
  • Est. Equity / %: $688,000 / 100%
  • Gross Yield: 6.705%
  • APN: 52930165900
  • Situs County: Thurston
  • Length Of Ownership: 4 years, 7 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 3.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 2

Structure

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

Measurements

  • Total: 1,842/SqFt
  • Lot: 5,000/SqFt
  • Gross: 2,679/SqFt
  • Garage: 525/SqFt
  • Living: 1,842/SqFt
  • Building: 2,367/SqFt
  • Ground: 1,842/SqFt
  • Garage Unfinished: 525/SqFt
  • Price Per Square Foot: $332.58

Legal Description

  • Description: SECTION 23 TOWNSHIP 19 RANGE 1W QUARTER E2 SE PLAT HAWKS PRAIRIE PH 3 UNIT 18 WOODLAND COVE LT 1659 DOCUMENT 4693725
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: 47.112473 / -122.76229
  • 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: 13
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Heat Pump
  • 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

5612 Reef Ln NE has no associated ownership info
5612 Reef Ln NE has no associated ownership info.

Taxes

5612 Reef Ln NE has 10 associated Taxes items

5612 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 $694,500. The APN we've located for 5612 Reef Ln is 52930165900.

Unlock the full report
Taxes
  • Assessed Value:  $694,500
  • Assessed Year:  2025
  • Assessed County:  Thurston
  • APN:  52930165900
  • Assessed Land Value:  198300
  • Market Land Value:  198300
  • Tax Amount:  7196.93
  • Tax Year:  2026
  • Market Value:  694500
  • Market Year:  2025

Tax History

5612 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 $7,196.93 Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value $694,500 Land Value $198,300 Improvement Value $496,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $627,400 Land Value $192,200 Improvement Value $435,200 Tax Amount $5,838.5 Change Rate +0.026743% Assessed CR Tax Rate +0.009306%
Year 2023 Assessed Value $610,900 Land Value $168,600 Improvement Value $442,300 Tax Amount $5,686.43 Change Rate +2.088018% Assessed CR Tax Rate +0.009308%
Year 2022 Assessed Value $597,700 Land Value $96,100 Improvement Value $501,600 Tax Amount $1,841.45 Change Rate +0.541685% Assessed CR Tax Rate +0.003081%
Year 2021 Assessed Value $157,800 Land Value $96,000 Improvement Value $61,800 Tax Amount $1,194.44 Change Rate +0.326772% Assessed CR Tax Rate +0.007569%
Year 2020 Assessed Value $95,100 Land Value $95,100 Improvement Value Tax Amount $900.26 Change Rate Assessed CR Tax Rate +0.009466%