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  • Listed by: RE/MAX Country • Cynthia Schmier
    Bought with: Realty One Group Bold
    $600,000

    7825 Mullen Road SE, Lacey, WA 98503

    3beds
    2,055sqft
    Single Family Residence
    Built in 1976
    4.21 Acres Lot
    $595,500 Zestimate®
    $292/sqft
    $3,115 Estimated rent

    Home value

    $595,500

    $566,000 - $625,000

    $3,115/mo

    Zestimate® history
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    What's special

    Mature landscapingPrivate well
    Investor Alert! Exceptional opportunity with endless potential on nearly 4.5 acres. This versatile property offers multiple possibilities, from restoring the existing homes for owner occupancy and rental income to exploring future development opportunities, including potential subdivision or higher-density use (buyer to verify). The 2,055 sq. ft. rambler is ready for your vision and renovation expertise to bring it back to its original charm. The property also includes a detached 2-car garage, a 2-bedroom/2-bath manufactured home that can provide additional rental income, and two enormous shops ideal for storage, hobbies, business use, or further income potential. Mature landscaping, private well, and septic system are already in place. Conveniently located just minutes from Timberline High School, I-5 access, shopping, and amenities. Opportunities like this are rare—the potential here is substantial. Property sold AS IS. Buyer to verify all information and development potential to their satisfaction.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cynthia Schmier,

    RE/MAX Country

    Bought with:

    Stan Choate, 22009354

    Realty One Group Bold

    Source: NWMLS as distributed by MLS GRID,MLS#: 2539867MLS Logo

    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
    Dining room
    • Level: Main
    Entry hall
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Fireplace, Heat Pump, Electric, Natural Gas
    Cooling
    • Heat Pump
    Appliances
    • Included: Dishwasher, Disposal, Dishwasher(s), Garbage Disposal, Water Heater: Electric, Water Heater Location: Laundry
    Features
    • Bath Off Primary, Dining Room
    • Flooring: Laminate, Carpet
    • Windows: Dbl Pane/Storm Window
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Gas, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 2,055
    • Total interior livable area: 2,055 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Attached Garage, Off Street, RV Parking
    • Has attached garage: Yes
    • Covered spaces: 12
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s), Water Heater
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 4.21 Acres
    • Features: Paved, Fenced-Partially, High Speed Internet, Outbuildings, RV Parking, Shop
    • Topography: Level
    • Residential vegetation: Garden Space, Wooded
    Details
    • Parcel number: 11835310300
    • Zoning: LD 0-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Products
    • Foundation: Block
    • Roof: Composition
    Condition
    • Year built: 1976
    • Major remodel year: 1976

    Utilities & green energy

    • Electric: Company: Puget Sound Energy
    • Sewer: Septic Tank, Company: Septic
    • Water: Individual Well, Company: Well

    Community & HOA

    Community
    • Subdivision: Lacey
    Location
    • Region: Olympia

    Financial & listing details

    • Price per square foot: $292/sqft
    • Tax assessed value: $667,900
    • Annual tax amount: $4,280
    • Date on market: 6/16/2026
    • Inclusions: Dishwasher(s), Garbage Disposal

    Price history

    DateEventPrice
    8/10/2026Sold$600,000-4%$292/sqft
    Source: NWMLS as distributed by MLS GRID #2539867 Report a problem
    7/17/2026Pending sale$625,000$304/sqft
    Source: NWMLS as distributed by MLS GRID #2539867 Report a problem
    6/16/2026Listed for sale$625,000$304/sqft
    Source: NWMLS as distributed by MLS GRID #2539867 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,253 -0.6%$667,900 +8.4%
    2024$4,280 -31%$616,100 -1.5%
    2023$6,206 +0.6%$625,500 +1.4%
    2022$6,169 +4.3%$616,900 +26.4%
    2021$5,915 +9.6%$488,000 +17.8%
    2020$5,398 +19%$414,300 +3.4%
    2019$4,535 -9.3%$400,500 +2.2%
    2018$4,997 +19.8%$391,700 +21.1%
    2017$4,171 $323,550 +4.9%
    2016$4,171 $308,500 +3%
    2014$4,171 $299,600 +5.7%
    2013-- $283,500
    2012$3,461 --
    2011-- --
    2010-- --
    2009$3,964 --
    2008-- --
    2007$3,864 -21.5%--
    2006$4,922 +61.4%--
    2005$3,050 --
    2004-- --
    2002-- --
    2001$2,965 +6.9%$183,950 +10%
    2000$2,774 $167,200
    Find assessor info on the county website

    Neighborhood: 98503

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $595,500
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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
    $595,500