This is a home for someone ready to stop compromising on land just to get a move-in ready house. Set on over an acre in a the rural edge of Olympia, this solid, well-built single-story is a genuine canvas. Good bones, a practical layout, freshly painted throughout, and more outdoor space than most buyers can find at this price point. It's ready for someone who sees what a home like this can become. Inside: 3 bedrooms, vaulted ceilings, a wood-burning fireplace, a family room that separates from the main living area, walk-in closet, walk-in pantry, and all appliances stay. The layout works. It just needs your taste. Outside is where this property opens up. Over an acre with trees, a deck, and two large sheds with room for a workshop, tools, hobbies, or whatever your weekends are made of. Space for your RV, toys and no HOA to answer to. Close to shopping, I-5 & JBLM. If you've been looking for a property to make your own, this is worth a walk-through.
Sold
Listed by: Real Broker LLC • Elizabeth Anderson
Bought with: Crescent Realty powered by KW
$550,000
4938 Hilton Road NE, Olympia, WA 98516
3beds
1,616sqft
Single Family Residence
Built in 1979
1.22 Acres Lot
$549,800 Zestimate®
$340/sqft
$2,805 Estimated rent
Home value
$549,800
$522,000 - $577,000
$2,805/mo
Zestimate® history
Owner options
List your home for rent
$2,805/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,805/mo
Rent Zestimate®
Refinance and save
$3,372/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,372/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Wood-burning fireplaceOver an acreWalk-in closetWalk-in pantryVaulted ceilingsAll appliances stay
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Anderson,
Real Broker LLC
Bought with:
Teresa Lambrecht, 90621
Crescent Realty powered by KW
Source: NWMLS as distributed by MLS GRID,MLS#: 2535919
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Heat Pump, Electric, Natural Gas, Wood
Cooling
- Forced Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Garage
Features
- Bath Off Primary, Central Vacuum, Ceiling Fan(s), Dining Room, Pantry
- Flooring: Ceramic Tile, Laminate
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,616
- Total interior livable area: 1,616 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.22 Acres
- Features: Paved, Secluded, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Topography: Level
- Residential vegetation: Garden Space, Wooded
Details
- Parcel number: 11925420202
- Special conditions: Standard
- Other equipment: Leased Equipment: No, Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1979
- Major remodel year: 1991
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $340/sqft
- Tax assessed value: $490,400
- Annual tax amount: $5,355
- Date on market: 7/25/2026
- Cumulative days on market: 6 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Sold | $550,000$340/sqft |
Source:  NWMLS as distributed by MLS GRID #2535919 Report a problem | ||
| 6/30/2026 | Pending sale | $550,000$340/sqft |
Source: NWMLS as distributed by MLS GRID #2535919 Report a problem | ||
| 6/25/2026 | Listed for sale | $550,000+78.6%$340/sqft |
Source: NWMLS as distributed by MLS GRID #2535919 Report a problem | ||
| 2/18/2008 | Listing removed | $308,000$191/sqft |
Source: NCI #27172493 Report a problem | ||
| 2/1/2008 | Listed for sale | $308,000+3.4%$191/sqft |
Source: NCI #27172493 Report a problem | ||
| 11/30/2007 | Sold | $298,000+64.6%$184/sqft |
Source: NWMLS as distributed by MLS GRID #27172493 Report a problem | ||
| 10/11/2002 | Sold | $181,000+15.3%$112/sqft |
Source: NWMLS as distributed by MLS GRID #22091398 Report a problem | ||
| 1/16/2001 | Sold | $157,000$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,272 +12.4% | $490,400 +3.8% |
| 2023 | $4,692 +7.4% | $472,300 +8.5% |
| 2022 | $4,368 -4.6% | $435,300 +15.1% |
| 2021 | $4,579 +4.7% | $378,100 +12.4% |
| 2020 | $4,374 +28.3% | $336,500 +11.2% |
| 2019 | $3,410 -13.6% | $302,500 +2.8% |
| 2018 | $3,948 +20% | $294,400 +13.5% |
| 2017 | $3,290 | $259,300 +11.7% |
| 2016 | $3,290 | $232,050 -1.9% |
| 2014 | $3,290 | $236,550 +8.2% |
| 2013 | -- | $218,550 |
| 2012 | $2,546 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,670 | -- |
| 2008 | -- | -- |
| 2007 | $2,650 -29.1% | -- |
| 2006 | $3,736 +42% | -- |
| 2005 | $2,630 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,085 -2% | $129,800 |
| 2000 | $2,129 | $129,800 |
Find assessor info on the county website
Neighborhood: 98516
Nearby homes
- $570,0004 bd3 ba1.9k sqft8942 49th Ct NE, Olympia, WA 98516Sold
- $711,6004 bd3 ba2.3k sqft9142 NE 50th Ave, Lacey, WA 98516Off Market
- $530,0003 bd2 ba1.4k sqft4802 Delores Dr NE, Olympia, WA 98516Sold
- $539,9003 bd3 ba1.7k sqft5038 Yearley Dr NE, Olympia, WA 98516Sold
- $365,0003 bd2 ba1.5k sqft4911 Beach Way NE, Olympia, WA 98516Sold
- $90,0005,314.32 Square Feet5044 Yearley Dr NE, Olympia, WA 98516Sold
- $849,9503 bd3 ba3.1k sqft4724 Center Ln NE, Olympia, WA 98516Sold
- $1,050,0004 bd4 ba3.4k sqft4716 Center Ln NE, Olympia, WA 98516Sold
Nearby schools
GreatSchools rating
- 7/10Olympic View Elementary SchoolGrades: K-5Distance: 3.3 mi
- 5/10Salish Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10River Ridge High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Olympic View Elem
- Middle: Salish Middle
- 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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$549,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$549,800
- Washington
- Thurston County
- Olympia
- 98516
- 4938 Hilton Road NE
Nearby cities
Nearby zip codes
Other Olympia Topics
