3038 Banks Ln SW Olympia, WA 98512
Tumwater Hill NeighborhoodEstimated payment $3,163/month
Highlights
- Rooftop Deck
- Mountain View
- Bamboo Flooring
- Tumwater Middle School Rated A-
- Vaulted Ceiling
- 4-minute walk to Overlook Point Park
About This Home
Looking for something beyond the ordinary? This contemporary home on Tumwater Hill stands out with soaring windows, bamboo floors, and bright, open living spaces. The kitchen features an eating bar and modern finishes that make everyday meals feel effortless. Two primary suites plus a third bedroom offer flexibility for guests or work. The showstopper: a spacious rooftop deck with mountain and territorial views, plus a prep loft with sink and mini-fridge—ideal for gatherings. At this price, the combination of location, design, and outdoor living is a rare find. Minutes to parks, shopping, and the Craft District.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2434197
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,017
Year Built
- Built in 2009
Lot Details
- 3,403 Sq Ft Lot
- Southwest Facing Home
- Level Lot
HOA Fees
- $65 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Property Views
- Mountain
- Territorial
Home Design
- Flat Roof Shape
- Poured Concrete
- Cement Board or Planked
Interior Spaces
- 1,938 Sq Ft Home
- Multi-Level Property
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Dining Room
- Loft
- Storm Windows
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Bamboo
- Carpet
Bedrooms and Bathrooms
- Walk-In Closet
- Bathroom on Main Level
Outdoor Features
- Rooftop Deck
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Water Heater
- Cable TV Available
Community Details
- Association fees include common area maintenance
- Somerset Hill HOA
- Tumwater Hill Subdivision
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Senior Tax Exemptions
- Assessor Parcel Number 669900012100
Map
Home Values in the Area
Average Home Value in this Area
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 | $552 | $556,400 | $131,100 | $425,300 |
| 2023 | $552 | $539,200 | $111,700 | $427,500 |
| 2022 | $658 | $520,700 | $89,900 | $430,800 |
| 2021 | $726 | $432,300 | $63,100 | $369,200 |
| 2020 | $746 | $382,200 | $78,000 | $304,200 |
| 2019 | $1,333 | $380,800 | $84,400 | $296,400 |
| 2018 | $1,356 | $354,200 | $78,300 | $275,900 |
| 2017 | $1,411 | $292,950 | $82,050 | $210,900 |
| 2016 | $2,072 | $286,200 | $82,900 | $203,300 |
| 2014 | -- | $274,900 | $79,900 | $195,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Price Changed | $574,500 | -2.6% | $296 / Sq Ft |
| 09/17/2025 09/17/25 | For Sale | $589,900 | -- | $304 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $232,800 | First American Title | |
| Trustee Deed | $2,553,400 | First American Title |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2434197
APN: 66990012100
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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 is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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