$492,000
Listed at $499,0003 bd•2 ba•1,804 sq ft
1505 Milbanke Drive Se, Olympia, WA 98513
• Listed 2025-06-06
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You're going to love this well-maintained, single-story 3-bedroom in the desirable Madrona Park community! Brand new flooring in main living space and primary bedroom. A large flex room located just off the entry could be a dining room, cozy den or home office. Beautiful kitchen upgrades as well as a new roof in 2018/2019. Vaulted ceilings extend throughout the main living, flex room and foyer, creating a spacious feel. Enjoy a cozy gas fireplace in the living room, while the flex room is brightened by large windows. The large primary suite features a 5-piece bathroom and spacious walk-in closet. Stay cool in the summer with central AC, and keep your lawn looking great with an underground sprinkler system. Close to I-5, bases and shopping.
Listed by Lisa Marie Wagner • Better Properties N. Proctor
Listing updated: November 3, 2025 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2387672
Neighborhood mobility
North Thurston School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$639,995 Sold
2 months ago
5 bd•2.5 ba•~2,335 sq ft•Single Family
8412 Ostrom Avenue Se #29, Lacey, WA 98513
0%
Over list
—
Days on market
0.9 mi
Distance
$450,000 Sold
3 months ago
3 bd•2 ba•~1,316 sq ft•Single Family
9612 Hedera Court Se, Olympia, WA 98513
8%
Under list
—
Days on market
0.7 mi
Distance
$599,995 Sold
4 months ago
4 bd•2.5 ba•~2,251 sq ft•Single Family
285 Cremini Loop Se #32, Lacey, WA 98513
0%
Over list
—
Days on market
1.0 mi
Distance
$474,750 Sold
4 months ago
3 bd•2 ba•~1,680 sq ft•Single Family
8727 Pacific Avenue Se, Olympia, WA 98513
0%
Over list
—
Days on market
0.2 mi
Distance
$514,995 Sold
4 months ago
3 bd•2.5 ba•~1,392 sq ft•Single Family
8455 Ostrom Avenue Se #82, Lacey, WA 98513
0%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 3, 2025 at 04:03am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (1)
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Open Sun, Sep 20$492,000
+in line with the list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $450K and $492K.
Rental earnings
$1,475/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$492,000Last sold price
1505 Milbanke Drive Se, Olympia, WA 98513
$465,000Last sold price
1346 Chatham Drive Se, Olympia, WA 98513
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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