1503 Milbanke Drive SE Olympia, WA $ 565,000
1503 Milbanke Drive SE
$ 565,000
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1503 Milbanke Drive SE

Olympia, WA, 98513
$ 565,000
Bedrooms4 Baths2.1 Sq 2,136

Monthly Estimate*

$ 3,479

Listed by Imagine Real Estate
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Single Family Home for sale in Olympia, WA

for $565,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,136 square foot home was built in 2000 on a lot size of 0.1659.

Welcome home to this beautifully refreshed 4-bedroom, 2.5-bath residence offering over 2,100 sq ft of thoughtfully updated living space. Clean, fresh, and move-in ready, this home features a new roof, new durable vinyl flooring throughout the main level, new carpet on the stairs and upper level, fresh interior and exterior paint, and new rear decking—all the hard work has been done for you. Enjoy relaxing mornings on the covered front porch, and entertaining evenings on the expansive rear deck overlooking the terrace lawn and generous backyard. Inside, the easy-flowing floor plan is filled with natural light, highlighted by bay windows in the formal living and dining areas. The kitchen offers white appliances, a new stainless-steel sink, and a window perfectly positioned to take in the full backyard view, making meal prep both functional and enjoyable. The spacious family room centers around a warm fireplace, creating an ideal gathering space for entertaining or cozy nights in.Upstairs, you’ll find new plush carpeting throughout and generously sized bedrooms. The primary suite is impressively large—comparable to an efficiency apartment—complete with a spa-inspired ensuite, providing a true retreat at the end of the day.One-of-a-kind and turnkey, this home is conveniently located near parks, athletic facilities, shopping, and I-5 access to JBLM, offering both comfort and connectivity.

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Single Family Active

Price

$ 565,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 4,933

Style

2 Story

Lot Size

0.1659

Year Built

2000

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2470018

Features
General
Living Area 2136
Sewer Sewer Connected
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
Appliances Dishwasher(s) Microwave(s) Refrigerator(s)
HOA Fee 165
Security Features Partially Fenced
Year Built 2000
Topography Level Partial Slope
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Community Features CCRs Playground
Building Name Madrona Park Div 2
Assoc Fee Paid Per Semi-Annually
County Thurston
New Construction N
Property Type Residential
HOA Y
Attached Garage Y
Subdivision Name Madrona Park
Garage Y/N Y
Full Baths 2
Special Listing Conditions None
Status Active
Directions Pacific Ave (HWY510) to Madrona Park right on Milbanke to home on left
High School River Ridge High
City Olympia
Entry Location Main
Senior Community Y/N N
High School District North Thurston
MLS Area 451 - Hawks Prairie
Lot Size Units Square Feet
Lot Size Square Feet 7227
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Meadows Elem
Land Lease Y/N N
Tax Annual Amount 4933
Middle/Junior High School Nisqually Mid
Property Condition Very Good
Public Remarks Welcome home to this beautifully refreshed 4-bedroom 2.5-bath residence offering over 2 100 sq ft of thoughtfully updated living space. Clean fresh and move-in ready this home features a new roof new
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company City of Lacey
Property Style 12 - 2 Story
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Interior
Interior Amenities Double Pane/Storm Window Fireplace Walk-In Closet(s) Water Heater
Basement None
Flooring Ceramic Tile Vinyl Vinyl Plank Carpet
Total Fireplaces 1
Fireplace Features Gas
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
3/4 Baths 0
Total Bedrooms 4
Main Level Bedrooms 0
Total Baths 3
Water Heater Type Gas
Water Heater Location Garage
Fireplaces Main 1
Power Production Type Electric Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 4
Baths Half Upper 0
Baths Half Main 1
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 2
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 2.5
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Exterior
Exterior Amenities Wood Wood Products
Vegetation Garden Space
Parking Features Driveway Attached Garage Off Street
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 2
Inclusions Dishwasher(s) Microwave(s) Refrigerator(s)
Foundation Details Poured Concrete
Building Area Total 2136
Lot Size Acres 0.1659
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially
Lot Number 203
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Internal Only
OriginalMLSID NWM2470018
Street Number 1 1503
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* Excluded Features
List By
Kathy Cross Reece

Listing Agent

Imagine Real Estate

Broker

Affordability Calculator

$3,890
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,479
Monthly Property Taxes
$411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257345 Elementary School
256903 Middle School
River Ridge High High School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$565,000 Listed Price

Map


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1503 Milbanke Drive SE, Olympia, WA, 98513 is a Single Family Home for sale at $565,000 with 2,136 sqft and a lot size of 0.1659. 1503 Milbanke Drive SE has 4 bedrooms, 2.1 baths, and was built in 2000. The property's zip code is 98513 which is in Olympia, WA