Google satellite image for 5038 Meridian Rd NE, Olympia, WA 98516

Off market

$1,014,949

•

2.5 ba

•

1,902

sq ft

5038 Meridian Rd NE, Olympia, WA 98516

About this home

5038 Meridian Rd NE is a 1,902 square foot house on a 1.74 acre lot with 1 bedroom and 2.5 bathrooms. Based on Redfin's Olympia data, we estimate the home's value is $1,014,949.

Single-familyProperty Type

2008Year Built

1.74 acresLot Size

$534Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$1,014,949

$7,000 since September

Recently sold homes
Estimate history

This home's estimate is 17% higher than the average sale price ($868K) of 6 comparable homes.

SOLD AUG 7, 2026
$590,000
A
2 beds2 baths1,753 sq ft
4901 Orcas St NE, Lacey, WA 98516
SOLD OCT 5, 2026
$1,250,000
B
3 beds3 baths3,312 sq ft
4702 Luhr Rd NE, Olympia, WA 98516
SOLD SEP 14, 2026
$755,000
C
2 beds2 baths1,930 sq ft
4650 Meriwood Dr NE, Lacey, WA 98516
SOLD AUG 27, 2026
$850,000
D
2 beds2.5 baths2,091 sq ft
8257 Orcas Loop NE, Lacey, WA 98516
SOLD AUG 26, 2026
$875,000
E
2 beds2.5 baths2,176 sq ft
8701 Vashon Ct NE, Lacey, WA 98516
SOLD AUG 19, 2026
$885,000
F
3 beds3 baths2,015 sq ft
5530 Marian Dr NE, Olympia, WA 98516

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Earn from this home

Sell

$954,606

Est. take-home

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Rent

$2,866/mo

Redfin rental estimate

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Market trends in 98516, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.5%

0.2% MoM

Median sale price

$597K

$30K MoM

Avg. days on market

24d

2 days MoM

Recently sold homes

118

4 MoM

New listings for sale

NEW
$675,000
4 beds2 baths2,782 sq ft
2843 Nisqually View Loop NE, Olympia, WA 98516
Alexis Moore • Real Broker LLC
NEW
$417,769
3 beds2 baths1,847 sq ft
1118 Whisler St NE, Olympia, WA 98516
Matt Matayoshi • Keller Williams South Sound
OPEN TODAY, 11AM TO 1PM
$875,000
3 beds2.5 baths2,462 sq ft
4745 Plover St NE, Lacey, WA 98516
Nicole Braam • COMPASS
OPEN TODAY, 2PM TO 4PM
$1,050,000
4 beds3.5 baths3,914 sq ft
9603 39th Loop NE, Olympia, WA 98516
Nicole Braam • COMPASS
$539,950
4 beds2.5 baths2,141 sq ft
7108 Raptor Ave NE, Lacey, WA 98516
Dan Claugus • Real Broker LLC
$474,900
4 beds1.5 baths1,296 sq ft
7629 13th Ave NE, Olympia, WA 98516
Tim Lynch • Olympic Sotheby's Int'l Realty
OPEN TODAY, 12PM TO 2PM
$539,999
4 beds2.5 baths2,400 sq ft
4522 Edgewater Blvd NE, Lacey, WA 98516
Dustin Comey • Real Broker LLC
$629,500
2 beds2 baths1,725 sq ft
4155 Bainbridge Ct NE, Lacey, WA 98516
Katelynn Rajcich • City Realty Inc.
$699,500
2 beds2 baths1,774 sq ft
5009 Orcas St NE, Lacey, WA 98516
Katelynn Rajcich • City Realty Inc.
3D WALKTHROUGH
$470,000
3 beds2 baths1,416 sq ft
4602 7th Ave NE, Lacey, WA 98516
Aaron Thomas • Real Broker LLC
See all

Provided by Redfin

Sale history for 5038 Meridian Rd NE

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2026

$10,898 (−7.1%)

$543,700 + $480,000

$1,023,700

2025

$11,738 (+18.5%)

$543,700 + $480,000

$1,023,700

2024

$9,907 (+5.9%)

$614,500 + $488,000

$1,102,500

2023

$9,352 (+6.0%)

$498,700 + $507,700

$1,006,400

2022

$8,819 (+6.2%)

$389,500 + $552,200

$941,700

2021

$8,308 (+9.4%)

$345,800 + $387,100

$732,900

2020

$7,593 (+24.0%)

$348,200 + $295,500

$643,700

2019

$6,122 (−12.2%)

$362,900 + $241,500

$604,400

2018

$6,974 (+17.2%)

$265,400 + $229,400

$494,800

2017

$5,951 (−3.5%)

$265,400 + $229,400

$494,800

2016

$6,164 (+15.0%)

$175,700 + $262,100

$437,800

2015

$5,360 (+8.4%)

$184,000 + $274,300

$458,300

2014

$4,944 (−11.6%)

$180,000 + $185,500

$365,500

2013

$5,593 (+4.9%)

$180,000 + $185,500

$365,500

2012

$5,332 (−0.4%)

$182,000 + $213,900

$395,900

2011

$5,353 (−13.7%)

$200,000 + $224,400

$424,400

2010

$6,201 (+115.7%)

$200,000 + $267,600

$467,600

2009

$2,874

$268,350 + $325,700

$594,050

Tax history for 5038 Meridian Rd NE

Year

Property tax

Land + Additions

Assessment*

2026

$10,898 (−7.1%)

$543,700 + $480,000

$1,023,700

2025

$11,738 (+18.5%)

$543,700 + $480,000

$1,023,700

2024

$9,907 (+5.9%)

$614,500 + $488,000

$1,102,500

2023

$9,352 (+6.0%)

$498,700 + $507,700

$1,006,400

2022

$8,819 (+6.2%)

$389,500 + $552,200

$941,700

2021

$8,308 (+9.4%)

$345,800 + $387,100

$732,900

2020

$7,593 (+24.0%)

$348,200 + $295,500

$643,700

2019

$6,122 (−12.2%)

$362,900 + $241,500

$604,400

2018

$6,974 (+17.2%)

$265,400 + $229,400

$494,800

2017

$5,951 (−3.5%)

$265,400 + $229,400

$494,800

2016

$6,164 (+15.0%)

$175,700 + $262,100

$437,800

2015

$5,360 (+8.4%)

$184,000 + $274,300

$458,300

2014

$4,944 (−11.6%)

$180,000 + $185,500

$365,500

2013

$5,593 (+4.9%)

$180,000 + $185,500

$365,500

2012

$5,332 (−0.4%)

$182,000 + $213,900

$395,900

2011

$5,353 (−13.7%)

$200,000 + $224,400

$424,400

2010

$6,201 (+115.7%)

$200,000 + $267,600

$467,600

2009

$2,874

$268,350 + $325,700

$594,050

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

RRR1/5

Rural Residential/Resource One Dwelling Unit Per Five Acre District

The purpose of this chapter is to encourage residential development that maintains the county's rural character; provides opportunities for compatible agricultural, forestry and other rural land uses; is sensitive to the site's physical characteristics; provides greater opportunities for protecting sensitive environmental areas and creating open space corridors; enables efficient road and utility systems; and does not create demands for urban level services.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Housing-Multiple units

Property details

Interior

Basement Information
Basement Sq. Ft: 1,354

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of 3/4 Baths: 1
# of Bathroom Fixtures: 13

Heating & Cooling
Heating Fuel Type: Electric
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Prefab
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Foundation Type: Concrete
Building Construction Quality: Average
Exterior Wall: Wood Siding
Roof Shape Type: Gable

Property Information
Living Sq. Ft: 1,902
Ground Floor Sq. Ft: 1,374
Building Sq. Ft: 3,784
# of Units: 1
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: SECTION 30 TOWNSHIP 19 RANGE 1E PTN GOV LT 1 W 50 F OF E 350 F OF W 29.16 A

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 528
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 75,707
Legal Lot Number: 1
School Tax District: NORTH THURSTON
Municipality Type: 239
Municipality Name: CITY OF NORTH THURSTON
Acres: 1.738
Depth Footage: 1,450
Front Footage: 50
Zoning Code: C
County Use Description: RESIDENTIAL SINGLE
State Use Description: RESIDENCES

Location Information
Parcel Location Influence: Sound

Utility Information
Sewer Type: Septic
Water Service Type: Well

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 1
Baths: 2.5
Sq. Ft.: 1,902
Stories: 1.5
Lot Size: 1.74 acres
Style: Single Family Residential
Year Built: 2008
Year Renovated: 2008
County: Thurston County
APN: 21930321200

Home facts updated by county records on Sep 18, 2026

Around this home

Schools

Meadows Elementary School

Public PreK-5 • Assigned • 3.9mi

6/10

Salish Middle School

Public 6-8 • Assigned • 1.9mi

5/10

River Ridge High School

Public 9-12 • Assigned • 3.4mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

2/10 Heat Factor

6 days above 88° expected this year, 12 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 • 98516

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

Estimated sale price

$965,000 – $1.17M

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Nearby similar homes

NEW3D WALKTHROUGH

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New listings for sale in 98516

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Dan Claugus • Real Broker LLC

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Tim Lynch • Olympic Sotheby's Int'l Realty

OPEN TODAY, 12PM TO 2PM

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4522 Edgewater Blvd NE, Lacey, WA 98516

Dustin Comey • Real Broker LLC

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4155 Bainbridge Ct NE, Lacey, WA 98516

Katelynn Rajcich • City Realty Inc.

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Katelynn Rajcich • City Realty Inc.

Home values near 5038 Meridian Rd NE

Data from public records.

Address	Redfin Estimate
5040 Meridian Road Northeast, Olympia, WA 2 Beds \| 3 Baths \| 2100 Sq. Ft.	$1,224,981
5034 Meridian Road Northeast, Olympia, WA 2 Beds \| 2 Baths \| 2641 Sq. Ft.	$805,666

Address	Redfin Estimate
5026 Meridian Road Northeast, Olympia, WA 3 Beds \| 2.5 Baths \| 1713 Sq. Ft.	$594,559
4931 Meridian Road Northeast, Olympia, WA 2 Beds \| 2 Baths \| 1656 Sq. Ft.	$530,627

Address	Redfin Estimate
5024 Meridian Road Northeast, Olympia, WA 2 Beds \| 1 Baths \| 880 Sq. Ft.	$467,299
4935 Meridian Road Northeast, Olympia, WA 3 Beds \| 2 Baths \| 2426 Sq. Ft.	$709,618

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98516, WA

Sale history for 5038 Meridian Rd NE

Tax history for 5038 Meridian Rd NE

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98516

Home values near 5038 Meridian Rd NE

More real estate resources