Listed by Rachel Platt • Keller Williams South Sound.

For sale

$477,000

Est. $2,876/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 2024—so 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 location—this one is truly a must-see!

Single-familyProperty Type

1961Year Built

0.31 acresLot Size

$347Price/Sq.Ft.

1 spaceParking

Listed by Rachel Platt • Keller Williams South Sound

Listed by Cyrus Platt • Keller Williams South Sound

Listing updated: Nov 3, 2026 at 04:55pm

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2586617

Payment calculator

$2,876 per month

Principal and interest$2,571

Property taxes

$242

HOA dues

Home insurance

$64

Utilities

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Next available date: Monday, November 9

Open houses

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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

Offer insights

4503 Carpenter Rd SE · $477,000

Strong offer

$478K and above

75% chance or better to win

Why $478K+ is a strong offer

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $530,701. (11% higher than this home)

About offer insights

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

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

93/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 26% for direct sun exposure in Olympia. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.1 hrs

5.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 4503 Carpenter Rd SE

$476,391

$609 under list price of $477K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $490K to $558K.

SOLD JUL 6, 2026
$490,000 Last sold price
3 beds2 baths1,685 sq ft
6909 33rd Ave SW, Lacey, WA 98503
Listing provided by nwmls
$56/sq ft
7 years newer
SOLD JUL 9, 2026
$500,000 Last sold price
3 beds2.5 baths1,788 sq ft
6811 36th Ave SE, Lacey, WA 98503
Listing provided by nwmls
$67/sq ft
18 years newer
SOLD APR 2, 2026
$553,000 Last sold price
4 beds2.5 baths1,992 sq ft
4205 Candlewood Dr SE, Lacey, WA 98503
Listing provided by nwmls
$69/sq ft
smaller lot
13 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
Listing provided by nwmls
$49/sq ft
smaller lot
12 years newer
SOLD JUL 23, 2026
$525,000 Last sold price
5 beds2.5 baths2,270 sq ft
7516 Magnolia Ct SE, Lacey, WA 98503
Listing provided by nwmls
$116/sq ft
smaller lot
33 years newer
BOUGHT WITH REDFIN JUL 21, 2026
$557,777 Last sold price
3 beds2.5 baths2,021 sq ft
3323 33rd Loop SE, Lacey, WA 98503
Listing provided by nwmls
$71/sq ft
smaller lot
18 years newer

Rental earnings

Est. $2,467 per month, based on comparable rentals

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Listed by Keller Williams South Sound

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