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  • Listed by: John L. Scott Lacey • Clarissa McQuillion
    Bought with: Real Broker LLC
    $515,000

    8938 Milbanke Drive SE, Olympia, WA 98513

    3beds
    2,270sqft
    Single Family Residence
    Built in 1997
    7,200 Square Feet Lot
    $508,700 Zestimate®
    $227/sqft
    $2,825 Estimated rent

    Home value

    $508,700

    $473,000 - $544,000

    $2,825/mo

    Zestimate® history
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    What's special

    Spacious backyardDedicated studyGenerous living spaces
    Fully renovated and move-in ready, this charming home offers 3 bedrooms, 2.5 bathrooms, a dedicated study, and a versatile bonus room—perfect for remote work or recreation. The spacious backyard features mature apple trees that bloom in spring, along with seasonal flowers that create a peaceful outdoor retreat. Inside, enjoy a modern layout with updated finishes, generous living spaces, and practical upgrades throughout. A generator hook-up is conveniently located in the garage for added peace of mind. With a thoughtful blend of comfort, functionality, and natural beauty, this home is ready to welcome its next owners.

    Zillow last checked:

    Listing updated:

    Listed by:

    Clarissa McQuillion,

    John L. Scott Lacey

    Bought with:

    Thomas Haffey, 21018771

    Real Broker LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2458329MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Other
    • Level: Main
    Den office
    • Level: Main
    Dining room
    • Level: Main
    Entry hall
    • Level: Main
    Family room
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Fireplace, Forced Air, Electric, Natural Gas
    Cooling
    • Forced Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Water Heater: Gas, Water Heater Location: Garage
    Features
    • Bath Off Primary, Ceiling Fan(s), Dining Room, High Tech Cabling
    • Flooring: Engineered Hardwood, Laminate, Vinyl
    • Windows: Dbl Pane/Storm Window
    • Number of fireplaces: 1
    • Fireplace features: Gas, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 2,270
    • Total interior livable area: 2,270 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Attached Garage
    • Has attached garage: Yes
    • Covered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Main
    • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, High Tech Cabling, Security System, Walk-In Closet(s), Water Heater, Wet Bar, Wine/Beverage Refrigerator
    Lot
    • Size: 7,200 Square Feet
    • Features: Paved, Sidewalk, Cable TV, Deck, Fenced-Fully, High Speed Internet, Outbuildings, Patio
    • Topography: Partial Slope
    • Residential vegetation: Fruit Trees
    Details
    • Parcel number: 60330003000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 2 Story
    • Property subtype: Single Family Residence
    Materials
    • Cement Planked, Cement Plank
    • Foundation: Poured Concrete, Slab
    • Roof: Composition
    Condition
    • Year built: 1997

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected, Company: City of Lacey
    • Water: Public, Company: City of Lacey

    Community & HOA

    Community
    • Features: CCRs, Park, Playground
    • Security: Security System
    • Subdivision: Madrona Park
    HOA
    • Services included: Common Area Maintenance, Road Maintenance
    • HOA fee: $228 semi-annually
    • HOA phone: 253-799-8899
    Location
    • Region: Olympia

    Financial & listing details

    • Price per square foot: $227/sqft
    • Tax assessed value: $487,900
    • Annual tax amount: $5,165
    • Date on market: 3/28/2026
    • Cumulative days on market: 116 days
    • Listing terms: Conventional,FHA,VA Loan
    • Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)

    Price history

    DateEventPrice
    3/13/2026Sold$515,000$227/sqft
    Source: NWMLS as distributed by MLS GRID #2458329 Report a problem
    2/12/2026Pending sale$515,000$227/sqft
    Source: NWMLS as distributed by MLS GRID #2458329 Report a problem
    1/15/2026Price change$515,000-1%$227/sqft
    Source: NWMLS as distributed by MLS GRID #2458329 Report a problem
    12/2/2025Listed for sale$520,000+69.9%$229/sqft
    Source: NWMLS as distributed by MLS GRID #2458329 Report a problem
    6/5/2018Sold$306,000+3%$135/sqft
    Source: NWMLS as distributed by MLS GRID #1250555 Report a problem
    3/30/2018Pending sale$297,000$131/sqft
    Source: Windermere Real Estate/Olympia #1250555 Report a problem
    3/27/2018Listed for sale$297,000+41.4%$131/sqft
    Source: Windermere Real Estate/Olympia #1250555 Report a problem
    8/19/2004Sold$210,000+46.4%$93/sqft
    Source: NWMLS as distributed by MLS GRID #24077461 Report a problem
    9/2/1997Sold$143,400$63/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,165 +16.8%$487,900 +7.9%
    2023$4,423 +0.7%$452,200 +1.5%
    2022$4,391 +0.2%$445,500 +21.3%
    2021$4,381 +12.7%$367,300 +21.1%
    2020$3,889 +33.5%$303,200 +5%
    2019$2,914 -12.6%$288,800 +13.1%
    2018$3,332 +23.2%$255,400 +14.7%
    2017$2,705 $222,700 +4.3%
    2016$2,705 $213,500 +8.3%
    2014$2,705 $197,100 +0.5%
    2013-- $196,050
    2012$2,514 --
    2011-- --
    2010-- --
    2009$2,464 --
    2008-- --
    2007$2,481 -30%--
    2006$3,542 +61.1%--
    2005$2,199 --
    2004-- --
    2002-- --
    2001$2,273 -0.6%$140,800 +1.5%
    2000$2,286 $138,700
    Find assessor info on the county website

    Neighborhood: 98513

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Seven Oaks Elem
    • Middle: Komachin Mid
    • High: Timberline 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
    $508,700
    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
    $508,700