Welcome to this beautifully updated and meticulously maintained home in the heart of Lacey! This charming 3 bed / 2 bath property is the perfect combination of modern updates and comfortable living, offering everything today's buyer is looking for. From the moment you step inside, the care and attention to detail put into this home is evident in every corner. The updated kitchen is a true highlight, featuring a spacious island perfect for meal prep and casual dining, along with brand new appliances that make cooking a pleasure. Throughout the home you will find thoughtful updates and quality finishes that reflect the pride of ownership this property has enjoyed for years. The water heater has also been recently replaced, giving buyers added peace of mind from day one. Step outside and discover your own backyard paradise. A generous lot provides plenty of open green space, while the fantastic deck is perfect for morning coffee or weekend entertaining. Gather around the fire pit on cool Pacific Northwest evenings and enjoy the outdoors year round. The location truly cannot be beat. Situated in a prime Lacey neighborhood, this home offers quick and easy access to shopping, dining, and entertainment. Commuters will love the convenient proximity to JBLM, making daily travel a breeze. Downtown Olympia is just minutes away, offering even more dining, culture, and recreation options. Do not miss this incredible opportunity. Schedule your showing today!
Active
Listed by: Keller Williams South Sound • Lucas Graham
Price cut: $7.5K (7/17)
$487,500
1616 Alder Street SE, Lacey, WA 98503
3beds
1,385sqft
Single Family Residence
Built in 1976
10,319 Square Feet Lot
$487,500 Zestimate®
$352/sqft
$-- HOA
What's special
Updated kitchenBrand new appliances
- 58 days |
- 633 |
- 71 |
Zillow last checked:
Listing updated:
Listed by:
Lucas Graham,
Keller Williams South Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2527952
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric
Features
- Bath Off Primary, Ceiling Fan(s)
- Flooring: Vinyl Plank
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,385
- Total interior livable area: 1,385 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Off Street
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Water Heater
Lot
- Size: 10,319 Square Feet
- Dimensions: 75 x 135' +/-
- Features: Paved, Cable TV, Deck, Fenced-Partially, High Speed Internet
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 41900601000
- Zoning: LD
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1976
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
Community & HOA
Community
- Features: Park
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $435,800
- Annual tax amount: $4,805
- Date on market: 6/6/2026
- Cumulative days on market: 43 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$487,500
$463,000 - $512,000
$2,480/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $487,500-1.5%$352/sqft |
Source:  NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 6/26/2026 | Listed for sale | $495,000$357/sqft |
Source: NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 6/15/2026 | Pending sale | $495,000$357/sqft |
Source: NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 6/9/2026 | Listed for sale | $495,000$357/sqft |
Source: NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 6/5/2026 | Pending sale | $495,000$357/sqft |
Source: NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 5/22/2026 | Listed for sale | $495,000+55.4%$357/sqft |
Source: NWMLS as distributed by MLS GRID #2527952 Report a problem | ||
| 1/25/2020 | Listing removed | $318,500$230/sqft |
Source: REcord LLC #1547367 Report a problem | ||
| 1/25/2020 | Listed for sale | $318,500-1.2%$230/sqft |
Source: REcord LLC #1547367 Report a problem | ||
| 1/21/2020 | Sold | $322,500+1.3%$233/sqft |
Source: NWMLS as distributed by MLS GRID #1547367 Report a problem | ||
| 12/16/2019 | Pending sale | $318,500$230/sqft |
Source: REcord LLC #1547367 Report a problem | ||
| 12/12/2019 | Listed for sale | $318,500+59.3%$230/sqft |
Source: REcord LLC #1547367 Report a problem | ||
| 4/27/2016 | Sold | $200,000-4.8%$144/sqft |
Source: NWMLS as distributed by MLS GRID #886277 Report a problem | ||
| 4/1/2016 | Pending sale | $210,000$152/sqft |
Source: Better Properties Valley Assoc #886277 Report a problem | ||
| 3/22/2016 | Price change | $210,000-2.3%$152/sqft |
Source: Better Properties Valley Assoc #886277 Report a problem | ||
| 2/18/2016 | Price change | $215,000-2.3%$155/sqft |
Source: Better Properties Valley Assoc #886277 Report a problem | ||
| 1/29/2016 | Listed for sale | $220,000+41%$159/sqft |
Source: Better Properties Valley Assoc #886277 Report a problem | ||
| 7/31/2012 | Sold | $156,000$113/sqft |
Source: NWMLS as distributed by MLS GRID #333852 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,529 +12.3% | $435,800 +3.3% |
| 2023 | $4,033 +1.2% | $421,700 +0.8% |
| 2022 | $3,984 -1.2% | $418,400 +20.8% |
| 2021 | $4,030 +12.9% | $346,300 +21.2% |
| 2020 | $3,569 +111.6% | $285,700 +19.9% |
| 2019 | $1,687 +29.7% | $238,200 +54.9% |
| 2018 | $1,300 -37.8% | $153,800 -10.8% |
| 2017 | $2,089 | $172,400 +4.5% |
| 2016 | $2,089 | $165,050 +3.4% |
| 2014 | $2,089 | $159,650 +6.6% |
| 2013 | -- | $149,700 |
| 2012 | $1,978 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,089 | -- |
| 2008 | -- | -- |
| 2007 | $2,001 -29.3% | -- |
| 2006 | $2,830 +67.2% | -- |
| 2005 | $1,693 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,638 -3.8% | $108,100 |
| 2000 | $1,703 | $108,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98503
Nearby schools
GreatSchools rating
- 5/10Lacey Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Salish Middle SchoolGrades: 6-8Distance: 4.3 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Lacey Elem
- Middle: Salish Middle
- High: North Thurston 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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