Listed by Better Properties N. Proctor
$499,000
PENDING $26K PRICE DROP

1505 Milbanke Dr SE Olympia, WA 98513

Meadows Neighborhood

Estimated payment $3,092/month

Total Views 5,199
3 Beds
2 Baths
1,804 Sq Ft
$277 Price per Sq Ft

Highlights

  • Deck
  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Property is near public transit
  • Walk-In Pantry
  • Storm Windows

About This Home

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.

Listing Agent

Lisa Marie Wagner

Better Properties N. Proctor License #130109 Listed on: 06/06/2025

Better Properties N. Proctor

Co-Listing Agent

Claudia Swanson

Better Properties N. Proctor License #23994

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2387672

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,789

Year Built

  • Built in 2000

Lot Details

  • 7,227 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

HOA Fees

  • $34 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,804 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Seven Oaks Elementary School
  • Nisqually Mid Middle School
  • River Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

  • Vis Group/Deborah Association
  • Secondary HOA Phone (800) 537-9619
  • Madrona Park Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,789

Year Built

Built in 2000

Lot Details

0

HOA Fees

$34 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 10 - 1 Story
  • Year Built: 2000
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1804
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • SOCComments: Thank you
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2387672?w=Consumer&agent=114488
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Water Heater
  • Living Area: 1804
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 1804
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Lacey
  • WaterCompany: City of Lacey
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas
  • CableConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 202.5
  • Association Fee Frequency: Semi-Annually
  • Phone: 800-537-9619
  • Association: Yes
  • AssociationContactName: Vis Group/Deborah

Schools

  • Junior High Dist: North Thurston
  • High School: River Ridge High
  • Middle Or Junior School: Nisqually Mid

Lot Info

  • Parcel Number: 60330020400
  • Topography: Level,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.1659
  • Lot Size Sq Ft: 7227
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4789

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Seven Oaks Elem

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,172 $451,600 $136,500 $315,100
2023 $4,172 $425,900 $118,500 $307,400
2022 $4,029 $406,900 $68,700 $338,200
2021 $3,570 $337,000 $76,300 $260,700
2020 $3,326 $277,600 $74,200 $203,400
2019 $2,862 $265,900 $64,400 $201,500
2018 $3,275 $234,100 $47,600 $186,500
2017 $2,968 $220,550 $46,750 $173,800
2016 $2,650 $210,000 $43,300 $166,700
2014 -- $193,000 $42,500 $150,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Pending -- -- --
08/30/2025 08/30/25 Price Changed $499,000 -3.1% $277 / Sq Ft
07/28/2025 07/28/25 Price Changed $515,000 -1.0% $285 / Sq Ft
07/09/2025 07/09/25 Price Changed $519,950 -1.0% $288 / Sq Ft
06/06/2025 06/06/25 For Sale $524,950 +12.9% $291 / Sq Ft
07/08/2022 07/08/22 Sold $465,000 -1.0% $258 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/14/2022 06/14/22 Price Changed $469,900 -2.1% $260 / Sq Ft
06/03/2022 06/03/22 Price Changed $479,900 -2.0% $266 / Sq Ft
06/02/2022 06/02/22 For Sale $489,900 0.0% $272 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $489,900 +66.1% $272 / Sq Ft
11/02/2018 11/02/18 Sold $294,900 0.0% $163 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
09/14/2018 09/14/18 Price Changed $294,900 +1.7% $163 / Sq Ft
09/14/2018 09/14/18 For Sale $290,000 0.0% $161 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $290,000 +34.9% $161 / Sq Ft
07/30/2014 07/30/14 Sold $214,900 -2.1% $119 / Sq Ft
06/29/2014 06/29/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $219,500 -- $122 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Thurston County Title
Warranty Deed $294,619 First American Title Co
Warranty Deed $214,900 First American Title
Warranty Deed $232,989 First American Title
Warranty Deed $150,400 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $481,740 VA
Previous Owner $394,400 New Conventional
Previous Owner $294,900 Adjustable Rate Mortgage/ARM
Previous Owner $211,640 FHA
Previous Owner $211,007 FHA
Previous Owner $70,000 Stand Alone Second
Previous Owner $237,999 VA
Previous Owner $153,400 VA
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2387672

Northwest Multiple Listing Service (NWMLS)

APN: 60330020400