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1011 Lake Terrace Dr SW, Tumwater, WA, 98512

$525,000

Home List Price

$6,234*

Closing Credit

2 Bedrooms
2 Baths
1,346 SqFt
$390/SqFt
House

Location

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1011 Lake Terrace Dr SW, Tumwater$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingAttached Garage, Off Street
Attached Garage2 spaces
Year Built1963
HeatingRadiant
CoolingNone, Ceiling Fan(s)
WaterfrontLake Front
FireplaceGas
ViewLake, Territorial
MLS #2320320
Lot Size2.52 Acres
StatusActive

About 1011 Lake Terrace Dr SW

First Time on the Market! Location, location, location! This charming mid-century home features 2 bedrooms, two ¾ baths, and endless potential to create your dream space. Nestled on the shores of Barnes Lake, it boasts oak hardwood floors, new carpet in the living room, updated double-pane windows, and a radiant ceiling heating system for year-round comfort. A gas fireplace adds warmth and ambiance, while the durable rolled composition roof is in great condition. The 2.5-acre lot offers lake access and a serene setting on a quiet cul-de-sac. Conveniently located near Tumwater shopping, I-5, and more, this lovingly maintained property is a rare opportunity to make your vision a reality!

Property Details

Property Features

Property Information:

  • Architectural Style: Northwest Contemporary
  • Year Built: 1963
  • Living Area: 1,346 SqFt

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 317-5197
  • Listing Agent: Cheri Wilkins

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Hardwood, Vinyl, Carpet
  • Interior: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Hardwood, Wall to Wall Carpet, Water Heater
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake, Territorial
  • Exterior: Wood

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Off Street

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Dead End Street, Paved
  • Lot Size: 2.52 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None, Ceiling Fan(s)

Other

Directions Information:

  • Directions: From I-5 traveling south take exit 103 (2nd Ave). Follow to right on Linwood to left on Lake Park Drive to left on Lake Terrace Drive SW. to home at end of cul-de-sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $390/SqFt

Tax Information:

  • Annual Amount: $4,565
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Tumwater, WA.

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Tumwater, WA

City

Med. Sold Price

$507K

Med. Price/SqFt

$266

Avg. Days On Market

62

# of Sold Homes

19

1011 Lake Terrace Dr SW vs Tumwater

1 DAY ON ROCKET

-61 Days

$525,000

+$18K More

$390/SqFt

+$123 More

KEY TAKEAWAY

This property is $18K more than the Median Sold Price and $123/SqFt more than other homes in Tumwater, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2320320

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (888) 317-5197
  • Listing Agent: Cheri Wilkins

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/15/2025, 1:47:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,565$355,700
2019$3,798$326,100
2018$3,760$306,000
2017$3,229$291,200

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2543390
6
/10

  • Michael T. Simmons Elementary School

  • 1205 2nd Ave SW

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-2543391
4
/10

  • Tumwater Hill Elementary School

  • 3120 Ridgeview Ct SW

  • 0.83 miles

  • Public District Grades KG-5

school-card-donut-2543392
4
/10

  • Peter G. Schmidt Elementary School

  • 237 Dennis St SE

  • 1.27 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,986. Typical income of Tumwater, WA residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1011 Lake Terrace Dr SW

What is the listing price of this property?

The listing price of 1011 Lake Terrace Dr SW property is $525,000.

What type of property is this?

The property 1011 Lake Terrace Dr SW is a house located in Tumwater, Washington, 98512.

Is this property for sale now?

Active Listing: 1011 Lake Terrace Dr SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,565 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1011 Lake Terrace Dr SW has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1011 Lake Terrace Dr SW is 1,346 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1011 Lake Terrace Dr SW is 1963.

Rocket Homes›Washington›Thurston County›Tumwater›98512›1011 Lake Terrace Dr SW

This home is located at 1011 Lake Terrace Dr SW in Tumwater, WA and zip code 98512 in the Lakeside neighborhood. This 1,346 square foot home, which was built in 1963, sits on a 2.52 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 13, 2025 and is currently priced at $525,000.

Over 5 listings were sold over their listed price in December 2024 in Tumwater, WA. In the same period over 3 listings were sold below the listed price and 11 listings were sold for the listed price. The number of listings in Tumwater, WA decreased by 19.5% between November 2024 and December 2024. Listings spent 62 days on the market in December 2024, and had a median list price of $507,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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