You're going to love this well-maintained, single-story 3-bedroom in the desirable Madrona Park community! Brand new flooring in main living space and primary bedroom. A large flex room located just off the entry could be a dining room, cozy den or home office. Beautiful kitchen upgrades as well as a new roof in 2018/2019. Vaulted ceilings extend throughout the main living, flex room and foyer, creating a spacious feel. Enjoy a cozy gas fireplace in the living room, while the flex room is brightened by large windows. The large primary suite features a 5-piece bathroom and spacious walk-in closet. Stay cool in the summer with central AC, and keep your lawn looking great with an underground sprinkler system. Close to I-5, bases and shopping.
Sold
Listed by: Better Properties N. Proctor • Lisa Marie Wagner
Bought with: Real Broker LLC
$492,000
1505 Milbanke Drive SE, Olympia, WA 98513
3beds
1,804sqft
Single Family Residence
Built in 2000
7,226 Square Feet Lot
$489,900 Zestimate®
$273/sqft
$2,623 Estimated rent
Home value
$489,900
$456,000 - $529,000
$2,623/mo
Zestimate® history
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$3,237/mo
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List your homeWhat's special
Cozy gas fireplaceBeautiful kitchen upgradesLarge windowsLarge flex roomUnderground sprinkler systemCentral acVaulted ceilings
Zillow last checked:
Listing updated:
Listed by:
Lisa Marie Wagner,
Better Properties N. Proctor,
Claudia Swanson,
Better Properties N. Proctor
Bought with:
Destiny Buley, 22005541
Real Broker LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2387672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Den office
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Gas, Water Heater Location: Garage
Features
- Bath Off Primary, Dining Room
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
- Windows: Double Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,804
- Total interior livable area: 1,804 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Water Heater
Lot
- Size: 7,226 Square Feet
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Fully, Sprinkler System
- Topography: Level,Terraces
Details
- Parcel number: 60330020400
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 2000
- Major remodel year: 2000
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinity
Community & HOA
Community
- Subdivision: Madrona Park
HOA
- HOA fee: $203 semi-annually
- HOA phone: 800-537-9619
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $273/sqft
- Tax assessed value: $451,600
- Annual tax amount: $4,789
- Date on market: 7/29/2025
- Cumulative days on market: 358 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $492,000-1.4%$273/sqft |
Source:  NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 9/11/2025 | Pending sale | $499,000$277/sqft |
Source: NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 8/30/2025 | Price change | $499,000-3.1%$277/sqft |
Source: NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 7/28/2025 | Price change | $515,000-1%$285/sqft |
Source: NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 7/9/2025 | Price change | $519,950-1%$288/sqft |
Source: NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 6/6/2025 | Listed for sale | $524,950+12.9%$291/sqft |
Source: NWMLS as distributed by MLS GRID #2387672 Report a problem | ||
| 7/8/2022 | Sold | $465,000-1%$258/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 6/17/2022 | Pending sale | $469,900$260/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 6/14/2022 | Price change | $469,900-2.1%$260/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 6/3/2022 | Price change | $479,900-2%$266/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 6/2/2022 | Listed for sale | $489,900$272/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 5/29/2022 | Pending sale | $489,900$272/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 5/26/2022 | Listed for sale | $489,900+66.1%$272/sqft |
Source: NWMLS as distributed by MLS GRID #1939010 Report a problem | ||
| 11/2/2018 | Sold | $294,900+1.7%$163/sqft |
Source: NWMLS as distributed by MLS GRID #1344396 Report a problem | ||
| 8/23/2018 | Listed for sale | $290,000+34.9%$161/sqft |
Source: Keller Williams Realty Olympia #1344396 Report a problem | ||
| 7/30/2014 | Sold | $214,900-7.8%$119/sqft |
Source: NWMLS as distributed by MLS GRID #655612 Report a problem | ||
| 6/13/2014 | Listing removed | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 6/10/2014 | Listed for rent | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 9/30/2005 | Sold | $232,989+54.9%$129/sqft |
Source: Public Record Report a problem | ||
| 4/28/2000 | Sold | $150,400$83/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,789 +14.8% | $451,600 +6% |
| 2023 | $4,172 +3.8% | $425,900 +4.7% |
| 2022 | $4,021 -0.2% | $406,900 +20.7% |
| 2021 | $4,029 +12.9% | $337,000 +21.4% |
| 2020 | $3,570 +24.7% | $277,600 +4.4% |
| 2019 | $2,862 -12.6% | $265,900 +6.1% |
| 2018 | $3,275 +23.6% | $250,700 +13.7% |
| 2017 | $2,650 | $220,550 +5% |
| 2016 | $2,650 | $210,000 +8.8% |
| 2014 | $2,650 | $193,000 +0.5% |
| 2013 | -- | $192,000 |
| 2012 | $2,459 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,395 | -- |
| 2008 | -- | -- |
| 2007 | $2,438 -28.4% | -- |
| 2006 | $3,405 +60.7% | -- |
| 2005 | $2,119 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,257 +358.7% | $142,200 +374% |
| 2000 | $492 | $30,000 |
Find assessor info on the county website
Neighborhood: 98513
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Nearby schools
GreatSchools rating
- 6/10Seven Oaks Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10Nisqually Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10River Ridge High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Seven Oaks Elem
- Middle: Nisqually Mid
- High: River Ridge High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$489,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$489,900
- Washington
- Thurston County
- Lacey
- 98513
- 1505 Milbanke Drive SE
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