NEW

Listed by Rachel Platt • Keller Williams South Sound.

For sale

$490,000

Est. $3,015/mo —

•

1,376

sq ft

4503 Carpenter Rd SE, Olympia, WA 98503

About this home

Welcome to this beautifully renovated single-story home in the heart of Lacey! Completely updated from top to bottom, this move-in-ready home features a bright, open-concept floor plan with large windows that fill the space with natural light. Enjoy new flooring throughout, a brand-new kitchen with all new appliances, and fresh interior and exterior paint. The roof is only a few years old, and a new HVAC system with A/C was installed in 2024so all the big-ticket items have already been taken care of. Simply move in and enjoy! Outside, you’ll love the large, fully fenced lot with plenty of room to relax, entertain, and enjoy the outdoors. RV parking offers the potential for full hookups, adding even more versatility. Located directly across from Woodland Elementary and just a short walk to Pattison Lake, Long Lake, and Hicks Lake. Rainier Vista Community Park is only about a mile away, and JBLM is approximately a 20-minute drive. Beautifully updated, light and bright, and in a fantastic locationthis one is truly a must-see!

Single-familyProperty Type

1961Year Built

0.31 acresLot Size

$356Price/Sq.Ft.

1 spaceParking

Listed by Rachel Platt • Keller Williams South Sound

Listed by Cyrus Platt • Keller Williams South Sound

Listing updated: Sep 24, 2026 at 02:55pm

Redfin checked: a few seconds ago

•Source:NWMLS as Distributed by MLS Grid #2586617

Payment calculator

$3,015 per month

Principal and interest$2,707

Property taxes

$242

HOA dues

Home insurance

$65

Utilities

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Mortgage resources

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 10AM TO 12PM
$575,000
4 beds2.5 baths2,146 sq ft
228 Rogers St NW, Olympia, WA 98502
Erin McCready • RE/MAX Realty South
REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$450,000
3 beds2 baths1,632 sq ft
9244 Longhorn Loop SE, Olympia, WA 98501
Redfin
OPEN SAT, 11AM TO 2PM
$535,000
3 beds2 baths1,547 sq ft
4048 Debbie Ct SE, Olympia, WA 98501
Alexandria Goforth • John L. Scott, Inc.
OPEN SAT, 12PM TO 2PM
$525,000
3 beds2 baths1,416 sq ft
1920 Burbank Ave NW, Olympia, WA 98502
Lari Gillaspie • BHGRE - Northwest Home Team
OPEN SAT, 1PM TO 4PM3D & VIDEO TOUR
$565,000
3 beds2.5 baths2,278 sq ft
10102 Terra Glenn St SE, Yelm, WA 98597
Terry Kaminski • Yelm Windermere
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$1,025,000
4 beds3 baths3,369 sq ft
4612 Skylark St NE, Lacey, WA 98516
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$555,000
3 beds2.5 baths2,604 sq ft
2233 Mill St NE, Olympia, WA 98506
Redfin
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$430,000
3 beds1 bath1,196 sq ft
301 O St SE, Tumwater, WA 98501
Redfin
REDFIN OPEN SUN, 11AM TO 1PM3D WALKTHROUGH
$524,950
3 beds2.5 baths2,077 sq ft
9306 Northwood Dr SE, Olympia, WA 98513
Redfin
REDFIN OPEN SUN, 2PM TO 4PM3D WALKTHROUGH
$775,000
3 beds3.5 baths3,385 sq ft
3907 Cameron Dr NE, Lacey, WA 98516
Redfin

Around this home

Schools

K - 12
Preschool & daycare

Woodland Elementary School

Public PreK-5 • Assigned • 0.2mi

7/10

Nisqually Middle School

Public 6-8 • Assigned • 2.9mi

5/10

Timberline High School

Public 9-12 • Assigned • 0.9mi

6/10

Provided by GreatSchools

About The

Lakes

The Lakes, located between College Street SE and Yelm Highway SE, is a residential and lakeside Lacey neighborhood with curving cul-de-sacs and pocket parks. The neighborhood’s energy concentrates around the College Street SE corridor near the Lacey Timberland Library, where coffee counters, local eateries, and everyday errands create a steady daytime hum. Water views and walking paths shape the pace around Long Lake Park, while nearby trail links add a nature-forward rhythm. Housing leans toward late-20th-century and newer builds with tidy yards and garage-forward streetscapes. For a local night out, the Olympia-Lacey area staples—Oly Taproom and Well 80 Brewhouse—anchor the craft-beer scene. The Lacey Museum adds a small, thoughtful cultural stop close to the main commercial spine.

Provided by Walk Score and Local Logic

Market insights

4503 Carpenter Rd SE · $490,000

SALE-TO-LIST

Most homes are selling 1% below list price.

LIST PRICE

Median sale price in this area is $548,147. (12% higher than this home)

PRICE DROP

31% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Water heater
Partially fenced

Bedrooms
3 bedrooms (2 on main level, 1 upper)

Bathrooms
1 full bath
1 half bath
1 bathtub
1 shower

Kitchen
Dishwasher
Microwave
Refrigerator
Stove/Range

Laundry & utility
Electric water heater

Flooring
Vinyl plank
Carpet

Heating & cooling
Forced air heating
Heat pump (heating and cooling)

Sale and tax history for 4503 Carpenter Rd SE

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$395 (−2.0%)

$158,000 + $192,000

$350,000

2025

$404 (−1.2%)

$158,000 + $192,000

$350,000

2024

$408 (+9.4%)

$153,200 + $177,800

$331,000

2023

$373 (−17.9%)

$145,400 + $174,700

$320,100

2022

$455 (−8.6%)

$94,400 + $196,600

$291,000

2021

$498 (−0.7%)

$108,300 + $149,500

$257,800

2020

$501 (−76.6%)

$102,400 + $112,200

$214,600

2019

$2,143 (−8.3%)

$87,000 + $113,400

$200,400

2018

$2,338 (+15.3%)

$63,800 + $110,200

$174,000

2017

$2,027 (+7.9%)

$63,800 + $110,200

$174,000

2016

$1,879 (+0.7%)

$60,550 + $98,300

$158,850

2015

$1,866 (+12.3%)

$52,650 + $95,300

$147,950

2014

$1,662 (+9.8%)

$48,150 + $83,000

$131,150

2013

$1,514 (−12.0%)

$48,150 + $83,000

$131,150

2012

$1,720 (+0.5%)

$40,900 + $72,700

$113,600

2011

$1,711 (+0.7%)

$57,250 + $83,900

$141,150

2010

$1,699 (−0.6%)

$67,850 + $86,500

$154,350

2009

$1,710

$72,750 + $97,900

$170,650

Public record

Public record
Zoning
Permits

Beds

Baths

1.5

Stories

1.5

Lot width

—

Lot depth

—

Lot size

0.31 Acres

Year renovated

1989

Finished Sq. Ft.

1,376

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,376

Year built

1961

Style

Single Family Residential

County

Thurston County

APN

55650000101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 18, 2026.

Low-Density Residential District

It is the intent of this chapter to: Enhance the residential quality of the city by providing a high standard of development for residential; Allow a broad range of housing options; Guide residential development to those areas where: Public sewers are in place prior to residential building construction, or Sewers can be extended, or New technology in the processing of domestic sewerage makes residential development in unsewered areas environmentally acceptable; Guide development of residential areas in such manner as to encourage and plan for the availability of public services and community facilities such as utilities, police and fire protection, streets, schools, parks and recreation; Guide development in such a manner as to provide protection between noncompatible uses.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Housing-Multiple units
Housing-Other

Mar 20, 2024 • Final

Electrical

Retrofit a heat pump, air conditioning unit, and thermostat.

Electrical

Heat pump

HVAC

Mar 19, 2024 • Final

Minor construction

Retrofit a heat pump, air conditioning unit, and thermostat.

Heat pump

HVAC

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 88° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

7 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Olympia, WA • 98503

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.

8.8 hrs

1.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 4503 Carpenter Rd SE

$489,461

$539 under list price of $490K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $460K to $522K.

SOLD AUG 10, 2026
$460,000 Last sold price
3 beds2 baths1,303 sq ft
5932 Danials Loop SE, Lacey, WA 98513
$3/sq ft
smaller lot
32 years newer
SOLD JUL 7, 2026
$480,000 Last sold price
3 beds2 baths1,525 sq ft
5612 Vincent Ct SE, Lacey, WA 98513
$41/sq ft
smaller lot
38 years newer
SOLD MAY 26, 2026
$520,000 Last sold price
3 beds2 baths1,528 sq ft
7742 48th Ave SE, Olympia, WA 98503
$16/sq ft
smaller lot
36 years newer
SOLD MAY 28, 2026
$522,000 Last sold price
3 beds2 baths1,451 sq ft
6724 50th Ct SE, Olympia, WA 98513
$4/sq ft
smaller lot
12 years newer
SOLD JUN 26, 2026
$490,000 Last sold price
3 beds2.5 baths1,643 sq ft
4203 Timberline Dr SE, Lacey, WA 98503
$58/sq ft
smaller lot
12 years newer
BOUGHT WITH REDFIN JUN 4, 2026
$495,000 Last sold price
3 beds2 baths1,500 sq ft
8407 Lake Forest Dr SE, Olympia, WA 98503
$26/sq ft
smaller lot
17 years newer

Rental earnings

Est. $2,492 per month, based on comparable rentals

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Early Access listings

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Christina Foppiano • Century 21 Van Dorm Realty

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Dan Sweeney • RE/MAX Parkside Affiliates

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Amanda Ficek • Century 21 Van Dorm Realty

3D WALKTHROUGH

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Laura Lundin • Abbey Realty Inc

New listings for sale in 98503

NEW

$490,000

3 beds1.5 baths1,376 sq ft

4503 Carpenter Rd SE, Olympia, WA 98503

Rachel Platt • Keller Williams South Sound

NEW

$509,950

4 beds2 baths2,450 sq ft

7717 Husky Way SE, Olympia, WA 98503

Lani Fisher • eXp Realty

NEWVIDEO TOUR

$535,000

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3437 Long Lake Dr SE, Lacey, WA 98503

Matt Hume • Windermere Prof Partners

OPEN SAT, 2PM TO 4PM3D WALKTHROUGH

$725,000

5 beds2.5 baths3,480 sq ft

2145 Seven Oaks St SE, Lacey, WA 98503

Alexis Moore • Real Broker LLC

OPEN SAT, 12PM TO 2PM

$559,000

3 beds2 baths1,890 sq ft

5731 Arcarro Ct SE, Lacey, WA 98503

Johne Boukalis • Berkshire Hathaway HS NW

$412,000

2 beds2.5 baths1,678 sq ft

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Chiquel Davis • eXp Realty

$299,000

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Karen Hake • KW Lake Washington So

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Tara Smith • BHGRE - Northwest Home Team

OPEN SAT, 12:30PM TO 3:30PM

$550,000

3 beds2 baths1,690 sq ft

4201 Clearwater Dr SE, Lacey, WA 98503

Anna Rogov • COMPASS

Details provided by NWMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Mortgage resources

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 4503 Carpenter Rd SE

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 4503 Carpenter Rd SE

Early Access listings

Nearby similar homes

New listings for sale in 98503

More real estate resources