Nestled on 5.08 private, wooded acres close to Capitol State Forest, this unique property offers a rare opportunity to create your dream rural retreat. The 1563 sq ft home features 2 bedrooms (county records show 3 bedrooms) and 1 bathroom with plenty of potential for renovation and customization. Surrounded by mature trees and natural beauty, the setting provides exceptional privacy, peace, and room to explore. Whether you're looking for a fixer-upper, investment opportunity, or a secluded homestead, this property offers a solid foundation and endless possibilities. Bring your toolbelt and vision to unlock the potential of this acreage property. Estate Sale - Sold strictly "as-is". Cash or rehab loan only.
Active
Listed by: Windermere Real Estate Olympia • Stephanie C. Parsons
$397,500
9925 Dempsey Lane SW, Olympia, WA 98512
2beds
1,563sqft
Single Family Residence
Built in 1981
5.08 Acres Lot
$391,200 Zestimate®
$254/sqft
$-- HOA
What's special
- 2 hours |
- 115 |
- 9 |
Zillow last checked:
Listing updated:
Offers reviewed: Jul 12
Listed by:
Stephanie C. Parsons,
Windermere Real Estate Olympia
Source: NWMLS as distributed by MLS GRID,MLS#: 2549431
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
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
- Ductless, Electric, Propane
Cooling
- Ductless
Appliances
- Included: Stove(s)/Range(s)
Features
- Flooring: Laminate, Vinyl, Carpet
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,563
- Total interior livable area: 1,563 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Main
Lot
- Size: 5.08 Acres
- Features: Deck, Outbuildings
- Residential vegetation: Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 13722410300
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Roof: Composition
Condition
- Fair
- Year built: 1981
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Company: N/A
- Water: Individual Well, Company: N/A
Community & HOA
Community
- Subdivision: Delphi
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $443,600
- Annual tax amount: $952
- Offers reviewed: 07/12/2026
- Date on market: 7/5/2026
- Cumulative days on market: 1 day
- Listing terms: Rehab Loan
- Inclusions: Stove(s)/Range(s)
Estimated market value
$391,200
$372,000 - $411,000
$2,239/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $397,500$254/sqft |
Source:  NWMLS as distributed by MLS GRID #2549431 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $952 -79.1% | $443,600 +2.3% |
| 2023 | $4,554 +13.2% | $433,600 +6.8% |
| 2022 | $4,022 -2.6% | $406,100 +23.7% |
| 2021 | $4,130 +1.9% | $328,400 +13% |
| 2020 | $4,054 +19.4% | $290,700 +11.8% |
| 2019 | $3,396 +1.7% | $260,000 +3.4% |
| 2018 | $3,341 +14% | $251,500 +14.4% |
| 2017 | $2,932 | $219,750 +2.6% |
| 2016 | $2,932 | $214,200 +6.7% |
| 2014 | $2,932 | $200,750 +8% |
| 2013 | -- | $185,900 |
| 2012 | $2,614 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,702 | -- |
| 2008 | -- | -- |
| 2007 | $2,385 -22.2% | -- |
| 2006 | $3,065 +51.9% | -- |
| 2005 | $2,018 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,743 -2.6% | $107,600 |
| 2000 | $1,789 | $107,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 98512
Nearby schools
GreatSchools rating
- 6/10Littlerock Elementary SchoolGrades: PK-5Distance: 3 mi
- 7/10George Washington Bush Middle SchoolGrades: 6-8Distance: 5.6 mi
- 8/10Tumwater High SchoolGrades: 9-12Distance: 6.6 mi
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.
- Washington
- Thurston County
- Olympia
- 98512
- 9925 Dempsey Lane SW
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